AvaTrade vs IC Markets Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - AvaTrade or IC Markets?
Our pick: AvaTrade
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - AvaTrade looks preferable to IC Markets.
AvaTrade scored 4.7/5 and ranks 1 in our all Forex brokers list, whereas IC Markets has 4.7/5 and ranks 4.
This is not financial advice. See the full comparison below.
Who is AvaTrade suitable for?
AvaTrade is suitable for traders who value various instruments, copy trading services, and a user-friendly mobile version of trading platforms.
Who is IC Markets suitable for?
IC Markets is suitable for traders looking for low spreads and ECN accounts and the ability to scalp and use expert advisors.
Comparison Table of AvaTrade and IC Markets
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Rating | 4.7/5 | 4.7/5 |
| Foundation Year | 2005 | 2007 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Seychelles, Australia, Cyprus, Kenya |
| Minimum Deposit |
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| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:400 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | AvaTrade Review | IC Markets Review |
AvaTrade Review
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
AvaTrade is in the top 10 of the following ratings:
IC Markets Review
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
IC Markets is in the top 10 of the following ratings:
Reliability
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2005 | 2007 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Seychelles, Australia, Cyprus, Kenya |
| Regulators |
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AvaTrade
AvaTrade is regulated in various countries by several leading financial regulators, providing high reliability.
IC Markets
IC Markets operates under the regulation of several jurisdictions, including ASIC in Australia, CySEC in Cyprus, and SFSA in the Seychelles, indicating a high degree of regulation.
Account Opening
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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AvaTrade
The broker offers clients from different countries a straightforward, convenient, and quick account opening process.
IC Markets
The account opening process at IC Markets is well-thought-out, transparent, and detailed, ensuring convenience and ease for clients. However, the high minimum deposit may deter many beginners.
Account Types
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Account Types | 3.5/5 | 3.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:400 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
AvaTrade
AvaTrade has a decent trading account, but the absence of some critical options may not satisfy all trader needs.
Pros
- A free demo account is available.
- An Islamic account option is provided.
- The ability to copy trades.
Cons
- Lack of market execution of orders.
- No cent accounts.
- No fixed spread accounts.
IC Markets
IC Markets' accounts are mainly aimed at experienced and professional traders.
Pros
- ECN accounts
- Ability to copy trades
- Access to VPS
Cons
- No cent accounts
- No fixed spread accounts
Commissions
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Commissions | 4.5/5 | 4.5/5 |
| Spread | from 0.6 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 0.62 |
| Commission per Lot | $3.5 |
AvaTrade
AvaTrade offers relatively low commissions with its competitive spreads and no charges for deposits/withdrawals.
Pros
- Low spreads.
- No deposit/withdrawal fees.
Cons
- Inactivity fee.
IC Markets
IC Markets has low commissions. Fees for transactions on ECN accounts and spreads are acceptable to most traders, and the absence of charges for deposits/withdrawals and account inactivity is a significant advantage.
Deposit and Withdrawal
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Rating | 4.2/5 | 4.5/5 |
| Account Funding Methods |
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AvaTrade
AvaTrade provides flexible and accessible methods for depositing and withdrawing funds, though processing times can be extended.
Pros
- Multiple methods for deposit and withdrawal.
- No commission on deposits and withdrawals.
- AvaTrade covers up to $100 of the bank transfer fee.
Cons
- Long processing time for bank transfers.
IC Markets
IC Markets offers multiple options for depositing and withdrawing funds, but possible fees from banks and payment systems should be considered, along with some restrictions on withdrawal methods.
Markets and Products
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 53 | 61 |
| Precious Metals | 7 | 7 |
| Energy Carriers | 5 | 5 |
| Soft Commodities | 7 | 8 |
| Indices | 46 | 25 |
| Stocks | 614 | 2175 |
| ETF | 61 | 38 |
| Bonds | 2 | 10 |
| Cryptocurrency | 20 | 21 |
AvaTrade
AvaTrade offers various financial instruments, including currency pairs, CFDs, stocks, ETFs, bonds, cryptocurrencies, etc.
IC Markets
IC Markets offers various trading instruments, including currency pairs, CFDs on metals, energy resources, commodities, indices, stocks, bonds, and cryptocurrencies.
Trading Platforms
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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AvaTrade
AvaTrade provides various trading platforms: MetaTrader 4 and 5, WebTrader, and AvaTradeGO, giving traders flexibility in choosing the right tool for their trading strategies.
IC Markets
IC Markets provides powerful and functional trading platforms suitable for various trader categories.
Analytics
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
AvaTrade
The broker provides good market analysis tools.
Pros
- Collaboration with Trading Central.
- Economic calendar.
- Trader's calculator.
IC Markets
IC Markets provides its clients with an extensive set of analytical tools and materials, which can assist them in successful trading in the financial markets.
Education
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
AvaTrade
AvaTrade offers quality video tutorials and articles for traders of all levels.
Pros
- Quality materials.
- Educational resources available on the AvaTrade site.
IC Markets
IC Markets offers a wide range of educational resources, from interactive video lessons to webinars and podcasts, demonstrating care for their clients and a commitment to providing all the necessary resources for successful trading.
Customer Support
| Broker | AvaTrade | IC Markets |
|---|---|---|
| Rating | 5/5 | 4.7/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
Facebook
YouTube
Instagram
Twitter
LinkedIn
TelegramAvaTrade
The broker's technical support offers various channels of communication and 24/7 availability.
IC Markets
IC Markets provides a variety of communication channels, ensuring support service accessibility for clients. Numerous client reviews indicate the support team's quick response and high professionalism.
Pros
- Positive reviews about professional support
- Multiple channels for support communication
- Support is available 24/7
Cons
- Only international call option is available
Comparisons of AvaTrade and IC Markets with other brokers
Conclusion
AvaTrade stands out as the better overall pick, while IC Markets trails on aggregate criteria.
AvaTrade scored 4.7/5 and ranks 1 in our rating; IC Markets has 4.7/5 and ranks 4.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: AvaTrade or IC Markets?
AvaTrade comes out ahead by overall rank (score 4.7/5, position 1) versus IC Markets (score 4.7/5, position 4).
Which broker is better for beginners: AvaTrade or IC Markets?
AvaTrade is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — AvaTrade or IC Markets?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with AvaTrade and IC Markets?
AvaTrade: MetaTrader 4, MetaTrader 5, WebTrader, AvaTradeGO. IC Markets: MetaTrader 5, MetaTrader 4, cTrader, TradingView. See the “Platforms” section for details and selection tips.
What markets can you trade with AvaTrade and IC Markets?
AvaTrade: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. IC Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by AvaTrade and IC Markets?
AvaTrade: CFD. IC Markets: Standard, Raw Spread cTrader, Raw Spread. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by AvaTrade and IC Markets?
AvaTrade: Neteller, Skrill, PayPal, Perfect Money, Google Pay, Bank Transfer, Visa, Mastercard, Maestro, JCB. IC Markets: PayPal, Neteller, Skrill, Bpay, FasaPay, Klarna, Swift, SEPA, Visa, Mastercard, UnionPay, POLi, Rapidpay. Check method-specific fees/settlement times.
Which broker is safer — AvaTrade or IC Markets — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
