IC Markets vs AvaTrade, for 2023
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IC Markets Rating
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AvaTrade Rating
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Losses can exceed deposits |
79% of retail investor accounts lose money when trading CFDs with this provider |
IC Markets vs AvaTrade Guide |
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Read our In-Depth IC Markets vs AvaTrade Review - Updated for 2023
This IC Markets vs AvaTrade review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs AvaTrade review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
AvaTrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs AvaTrade
Every online trading platform will have a few ups and downs, and no IC Markets and AvaTrade review would be complete without showing both sides. Compare IC Markets and AvaTrade to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between IC Markets or AvaTrade. Who should you choose?
This IC Markets vs AvaTrade comparison contains the latest information so you can easily compare AvaTrade against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You will acquire proficient at all the concepts of broker as you continue trading. For starters, you have to select the ideal broker who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and AvaTrade are two such platforms which will take you and your investment into great heights. It is crucial that you compare IC Markets vs AvaTrade before you trust them with your money.
Our IC Markets vs AvaTrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and AvaTrade side by side.
Our full IC Markets vs AvaTrade Review covers everything you need to know about trading with either IC Markets or AvaTrade. A fantastic agent can multiply your first investments and provide you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire method to guarantee profits; therefore, you should carefully assess your agent before you select them. It is a frequent misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.
IC Markets and AvaTrade are both brokers that have found their way successfully to the brokerage world. Within this review, we've attempted to collate a number of the vital facets of both IC Markets and AvaTrade. This review can allow you to know whether either AvaTrade or IC Markets is a fantastic fit for your investments or not. We have attempted to breakdown all of the features and fees for your advantage.
Benefits of IC Markets and AvaTrade Compared
IC Markets has a minimum deposit of $200 while AvaTrade offers a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and AvaTrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets allows you to trade around 232 financial instruments whilst AvaTrade has around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and AvaTrade platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or AvaTrade.
IC Markets and AvaTrade Contact Details
Being able to contact an online trading platform through many ways is vital. IC Markets and AvaTrade have the following contact details and social medias that you can use.
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| Broker | IC Markets | AvaTrade |
| Telephone Number | +248 467 19 76 | +353 76 680 3327 |
| support@icmarkets.com | cs@avatrade.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | Ul. Postpu 15, Warsaw, Masovian Voivodeship 02-676, PL |
| IC Markets Twitter Account | AvaTrade Twitter Account | |
| IC Markets Facebook Page | AvaTrade Facebook Page | |
| IC Markets Instagram Account | AvaTrade Instagram Account | |
| IC Markets LinkedIn Page | AvaTrade LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | AvaTrade YouTube Channel |
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AvaTrade and IC Markets Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of IC Markets and AvaTrade we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
IC Markets vs AvaTrade - Awards
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| Broker | IC Markets | AvaTrade |
| Awards |
IC Markets have won several industry awards over the years they have been running as an online trading platform. We detail the most notable awards for IC Markets here.
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At the time of writing this AvaTrade review, and despite AvaTrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs AvaTrade - Frequently Asked Questions
IC Markets vs AvaTrade - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
AvaTrade was founded in 2006 and has its headquaters in The British Virgin Islands.
What is the minimum deposit for AvaTrade or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for AvaTrade is $250.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and AvaTrade are a good option.
IC Markets vs AvaTrade - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
AvaTrade is regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI).
Both IC Markets and AvaTrade have a strong set of rules for ensuring fair trading onto their own platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs AvaTrade Commission And Fees
IC Markets and AvaTrade are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. In other words, an internet broker isn't necessarily affected by the number of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of fees for this objective.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In such instances, you're paying a spread, financing speed, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight rates are people who are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake in your account. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither IC Markets or AvaTrade charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who regularly exchange, such as daily or weekly trading.
However, non-trading fees charged by IC Markets and AvaTrade are comparatively lower. Consequently, you are billed more for non-trading activities in your trading account, like withdrawal and deposits. These are not about the purchase and sale of resources.
This IC Markets vs AvaTrade review for 2023 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And AvaTrade
What Languages Do IC Markets And AvaTrade Support?
Being able to chat completely with your trading broker is a key element when comparing trading platforms to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key factor to success when trading forex.
Below you will find all the languages that both IC Markets and AvaTrade offer communication in.
How Many Clients Do IC Markets and AvaTrade Have?
Both IC Markets and AvaTrade are well known and trusted. It is important to work with an online broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users IC Markets and AvaTrade are working with
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| Broker | IC Markets | AvaTrade |
| Clients / Users | 60,000+ | 200,000+ |
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What Payment Methods Do IC Markets and AvaTrade Accept?
IC Markets and AvaTrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and AvaTrade
What Can You Trade With IC Markets and AvaTrade?
IC Markets offers 232 trading instruments while AvaTrade offers 250.
Below you will find a full breakdown of what both IC Markets and AvaTrade offer.
Compare IC Markets To All Other Brokers
Compare AvaTrade To All Other Brokers