Explore the differences between IC Markets and AvaTrade to see which broker suits you best, focusing on their platforms, spreads, regulation, and more.
Both IC Markets and AvaTrade are highly regarded brokers in the Forex and CFD industry, but they cater to slightly different types of traders. IC Markets is known for its raw spreads, low-latency execution, and advanced trading platforms, making it a popular choice for professional traders and scalpers. AvaTrade, on the other hand, offers a more user-friendly experience, with a range of educational resources and fixed spreads, appealing to beginner and intermediate traders. In this comprehensive comparison, we will break down IC Markets vs AvaTrade across key categories to help you decide which broker is best suited for your trading needs.
Regulation and Trustworthiness
IC Markets: IC Markets is a highly regulated broker, operating under licenses from top-tier authorities such as the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA). The broker follows strict regulatory standards, ensuring transparency and security for traders. Client funds are kept in segregated accounts, providing additional protection.
AvaTrade: AvaTrade is also a well-regulated broker, with licenses from several jurisdictions, including the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Agency (FSA) in Japan. AvaTrade’s global reach and strong regulatory oversight make it a trusted broker worldwide.
Verdict: Both IC Markets and AvaTrade are highly trustworthy brokers, regulated by top-tier authorities. IC Markets has a strong presence in Australia and Europe, while AvaTrade’s regulatory reach is broader, with coverage in Ireland, Japan, and South Africa. Traders can feel secure with either broker, but AvaTrade’s broader regulatory coverage may appeal to traders in more regions.
Trading Platforms
IC Markets: IC Markets offers a wide range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. MT4 and MT5 are widely known for their advanced charting tools, technical analysis capabilities, and support for automated trading via Expert Advisors (EAs). cTrader, favored by professional traders, offers low-latency execution and a customizable interface. IC Markets’ platforms are available on desktop, web, and mobile, providing flexibility for traders.
AvaTrade: AvaTrade offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as its proprietary platform, AvaTradeGO. AvaTradeGO is a user-friendly platform designed for beginner and intermediate traders, featuring intuitive design, easy-to-use charting tools, and real-time market data. Additionally, AvaTrade supports automated trading through ZuluTrade and DupliTrade, making it a great option for traders interested in social trading.
Verdict: IC Markets offers more platform variety with the addition of cTrader, which is particularly suitable for professional traders and scalpers. AvaTrade’s proprietary platform, AvaTradeGO, is easier to use for beginner traders. Traders who need advanced trading tools and platform flexibility may prefer IC Markets, while those looking for a user-friendly experience with social trading options may lean toward AvaTrade.
Trading Instruments
IC Markets: IC Markets provides access to over 230 trading instruments, including Forex, indices, commodities, cryptocurrencies, and shares (via CFDs). The broker excels in Forex trading, offering over 60 currency pairs, including major, minor, and exotic pairs. IC Markets also offers popular commodities like gold and oil, as well as global indices and a selection of cryptocurrencies, giving traders a well-rounded range of markets to trade.
AvaTrade: AvaTrade offers an extensive selection of over 1,250 trading instruments, covering Forex, stocks, indices, commodities, cryptocurrencies, bonds, ETFs, and options. AvaTrade is particularly strong in stocks, offering traders the ability to trade CFDs on a wide variety of global stocks and ETFs. The broker also offers a solid selection of cryptocurrencies, making it a versatile choice for traders looking to diversify across multiple asset classes.
Verdict: AvaTrade has a clear advantage in terms of the number of trading instruments, offering more variety, particularly in stocks, bonds, and ETFs. IC Markets is a top choice for Forex traders with its strong offering of currency pairs, but AvaTrade is better suited for traders looking to diversify into stocks, ETFs, and options.
Spreads and Fees
IC Markets: IC Markets is known for its tight spreads, especially on its Raw Spread account, where spreads start from 0.0 pips, with a small commission per trade. The Standard account is commission-free, with spreads starting from 1.0 pips. IC Markets’ raw spread model is ideal for scalpers and high-frequency traders who want to minimize trading costs. The broker does not charge fees for deposits or withdrawals and has no inactivity fees.
AvaTrade: AvaTrade offers fixed spreads, with spreads on Forex pairs starting from 0.9 pips for major pairs. AvaTrade does not charge commissions on trades, as its fees are built into the spread. The broker’s fixed spread model provides predictability, making it easier for traders to know their costs upfront. However, AvaTrade charges an inactivity fee after three months of inactivity, and a withdrawal fee applies for some methods.
Verdict: IC Markets offers lower trading costs, particularly for traders who use the Raw Spread account. AvaTrade’s fixed spreads provide more predictability but tend to be wider than IC Markets’ spreads. Traders looking to minimize costs, especially scalpers and high-frequency traders, may prefer IC Markets, while those who prioritize fixed spreads and predictability may prefer AvaTrade.
Leverage
IC Markets: IC Markets offers leverage of up to 1:500 for Forex trading for clients outside of Europe and Australia. For traders in the EU and Australia, leverage is capped at 1:30 due to regulatory restrictions. The high leverage is particularly appealing to experienced traders who want to control larger positions with smaller capital, but it also increases the potential risk of losses.
AvaTrade: AvaTrade offers leverage up to 1:400 for Forex trading for non-EU clients. In the EU and Australia, leverage is limited to 1:30, in compliance with regulatory requirements. AvaTrade offers lower leverage for stocks and other asset classes, making it a more conservative choice for traders looking to limit their exposure.
Verdict: IC Markets has a slight edge in terms of leverage, offering up to 1:500 for Forex trading, compared to AvaTrade’s maximum leverage of 1:400. Traders seeking higher leverage will find IC Markets more appealing, while AvaTrade provides sufficient leverage for retail traders but with a more conservative approach.
Order Execution and Speed
IC Markets: IC Markets is renowned for its fast execution speeds, particularly on its cTrader platform, which is designed for low-latency trading. The broker uses an ECN (Electronic Communication Network) model, providing traders with direct access to liquidity providers, resulting in minimal slippage and fast order execution. IC Markets is a top choice for scalpers, high-frequency traders, and professionals who rely on speed and precision.
AvaTrade: AvaTrade offers fast execution across its platforms but operates primarily as a market maker. While execution speeds are competitive for most retail traders, AvaTrade does not offer the same low-latency infrastructure as IC Markets. AvaTrade’s market maker model is suitable for traders who prioritize ease of use, but it may not match the speed required by professional traders and scalpers.
Verdict: IC Markets has a clear advantage when it comes to order execution and speed, especially for scalpers and high-frequency traders who need low-latency trading. AvaTrade’s execution is sufficient for most retail traders but lacks the ultra-fast execution offered by IC Markets.
Customer Support and Education
IC Markets: IC Markets provides 24/7 customer support through live chat, phone, and email. The broker is known for its responsive support team, assisting traders with technical issues, account inquiries, and platform-related questions. IC Markets also offers a variety of educational resources, including webinars, tutorials, and trading guides, making it suitable for both beginner and experienced traders.
AvaTrade: AvaTrade offers 24/5 customer support via live chat, phone, and email. The broker is highly regarded for its educational resources, including AvaTrade Academy, which provides video tutorials, webinars, eBooks, and in-depth articles on various trading topics. AvaTrade’s educational resources are particularly strong for beginner traders who want to learn the basics of trading.
Verdict: Both IC Markets and AvaTrade offer excellent customer support, but AvaTrade has the edge in terms of educational resources, especially for beginner traders. IC Markets offers a wide range of educational content, but AvaTrade’s structured courses and beginner-friendly approach may appeal more to new traders.
Account Types and Features
IC Markets: IC Markets offers two main account types : the Standard account and the Raw Spread account. The Standard account is commission-free, with spreads starting from 1.0 pips, while the Raw Spread account offers tighter spreads starting from 0.0 pips, with a small commission per trade. Both account types are available on MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, giving traders flexibility in choosing their preferred platform. IC Markets also offers Islamic accounts for traders who require Sharia-compliant options, as well as demo accounts for practicing strategies risk-free.
AvaTrade: AvaTrade provides a single account type for most traders, offering fixed spreads across its platform. The broker does not charge commissions on trades, and all costs are built into the spread. AvaTrade also offers Islamic accounts, demo accounts, and professional accounts for traders who meet specific criteria, such as higher trading volumes and experience levels. Additionally, AvaTrade offers managed accounts and social trading features via ZuluTrade and DupliTrade, providing options for traders who prefer to follow or copy other traders.
Verdict: IC Markets offers more variety with its account types, especially for traders who want raw spreads and low commissions. AvaTrade’s single account type is simpler and more predictable, making it easier for new traders. Traders looking for more account flexibility and the lowest trading costs may prefer IC Markets, while AvaTrade’s simplicity and social trading options may appeal to beginners and copy traders.
Deposit and Withdrawal Methods
IC Markets: IC Markets supports a wide range of deposit and withdrawal options, including bank transfers, credit/debit cards, PayPal, Neteller, and Skrill. The broker does not charge fees for deposits or withdrawals, and most transactions are processed within 24 hours. IC Markets also offers multiple base currencies, reducing the need for currency conversion fees for international traders.
AvaTrade: AvaTrade offers a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, PayPal, Neteller, and Skrill. While AvaTrade does not charge fees for deposits, some withdrawal methods may incur fees, depending on the payment provider. Processing times for withdrawals can take up to five business days, depending on the method used. AvaTrade supports several base currencies but may charge currency conversion fees for certain transactions.
Verdict: Both brokers offer a wide range of payment methods, but IC Markets has an advantage with faster processing times and no fees for deposits or withdrawals. AvaTrade’s processing times may be slower, and some withdrawal methods may incur fees. Traders who value quick and fee-free transactions may prefer IC Markets.
Mobile Trading
IC Markets: IC Markets provides mobile trading through the MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader mobile apps, available for both iOS and Android devices. These apps offer full functionality, including real-time market data, advanced charting tools, and one-click trading. The mobile versions are designed to provide the same features as the desktop platforms, allowing traders to manage their accounts and monitor markets seamlessly on the go.
AvaTrade: AvaTrade’s mobile trading experience is available through the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps, as well as its proprietary AvaTradeGO app. AvaTradeGO is designed for simplicity and ease of use, making it ideal for beginner traders who want a streamlined mobile trading experience. The app offers intuitive charting tools, access to real-time market data, and the ability to execute trades quickly.
Verdict: Both IC Markets and AvaTrade offer strong mobile trading options through MT4 and MT5. IC Markets has the edge for advanced traders who need cTrader for more sophisticated trading. AvaTradeGO is a more user-friendly option for beginners, offering an intuitive interface for traders who prefer simplicity on mobile. The choice depends on whether you need advanced trading tools (IC Markets) or a more simplified mobile trading experience (AvaTrade).
Research and Market Analysis
IC Markets: IC Markets provides a variety of research tools and market analysis, including daily market updates, technical analysis reports, and an economic calendar. The broker also partners with Trading Central, offering professional-grade market analysis and trading signals. IC Markets’ research content is available through its platforms and website, making it easy for traders to access actionable insights.
AvaTrade: AvaTrade offers a comprehensive set of research tools, including market analysis, economic calendars, and trading signals through partnerships with Trading Central and other third-party providers. AvaTrade also provides educational content, including webinars, tutorials, and trading guides, which are designed to help traders at all levels improve their skills and stay informed about market developments.
Verdict: Both brokers provide strong research and market analysis tools, with integrations from Trading Central. AvaTrade has a slight edge in terms of educational content, particularly for beginner traders, with its comprehensive learning resources. IC Markets offers solid research tools, particularly for experienced traders looking for in-depth market insights.
Conclusion
IC Markets vs AvaTrade: The Verdict
In the comparison of IC Markets vs AvaTrade, both brokers offer distinct advantages depending on the trader’s preferences and experience level. IC Markets is an excellent choice for professional traders, scalpers, and high-frequency traders who prioritize raw spreads, fast execution, and advanced trading platforms like cTrader. The broker’s low-cost trading and platform variety make it appealing to experienced traders seeking precision and control.
AvaTrade, on the other hand, is more suited to beginner and intermediate traders who prefer a user-friendly platform, fixed spreads, and access to educational resources. AvaTrade’s simplicity, combined with its social trading features and proprietary platform AvaTradeGO, makes it an excellent choice for traders looking for a straightforward trading experience.
Ultimately, IC Markets is the better option for traders who prioritize low spreads, advanced trading tools, and fast execution, while AvaTrade is ideal for traders seeking simplicity, educational support, and a social trading experience. The choice between these two brokers will depend on your specific trading needs and goals.
Published by:
Daniel Carter