IC Markets vs AvaTrade, Updated for 2024
IC Markets Rating
Losses can exceed deposits
79% of retail investor accounts lose money when trading CFDs with this provider
IC Markets vs AvaTrade Guide
Read our In-Depth IC Markets vs AvaTrade Review - Updated for 2024
Our review comparing IC Markets and AvaTrade has been revised to reflect any changes for 2024 by industry experts with considerable financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs AvaTrade 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
All online trading platforms will have a few ups and downs, and a complete review of IC Markets and AvaTrade would not be complete without having an objective perspective.
Examine IC Markets and AvaTrade to get a better understanding of how they stack up against one another prior to you choose to make an account. Conducting a side-by-side comparison helps to put things into perspective in order that you're aware of what you should anticipate.
So you are looking for a reputable broker and are choosing between IC Markets or AvaTrade. Who should you choose?
Our IC Markets vs AvaTrade comparison contains the most recent 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 perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll get proficient at all the concepts of brokerage as you continue trading. For starters, you have to choose the right broker who'll be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and AvaTrade are two such trading platforms that will take you along with your investment to great heights. It is important that you compare IC Markets vs AvaTrade until you trust them with your cash.
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 all you need to know about trading using either IC Markets or AvaTrade. A good broker can multiply your first investments and give you positive profits. If you want to make profits, you should trade with a broker service that contrasts with your investing objectives.
There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you select them. It's a frequent misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
IC Markets and AvaTrade are both brokers which have paved their way successfully into the broker world. Within this review, we have attempted to collate some of the important facets of both IC Markets and AvaTrade. This review will help you to know whether either AvaTrade or IC Markets is a good fit for your own investments or not. We have attempted to breakdown all of the features and charges 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 has around 232 financial instruments while AvaTrade has around 232 financial instruments available.
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 never 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 important. IC Markets and AvaTrade have the following contact details and social medias that you can use.
|+248 467 19 76
|+353 76 680 3327
|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
|IC Markets YouTube Channel
|AvaTrade YouTube Channel
|Find Out More
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.
This part of comparing IC Markets and AvaTrade will examine whether their mobile app meets all our requirements.
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
While most brokers are good at this, there are some poor ones. 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
IC Markets have won several industry awards over the years they have been running as an online broker. We list the most recognised awards for IC Markets here.
|At the time of writing this AvaTrade review, and despite AvaTrade’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
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 circumstances, 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 choice.
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 honest trading on their individual platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, client information 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 brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. That is, an internet broker is not necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 types of fees for this purpose.
The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these instances, you're spending a spread, financing speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are those that are charged when you hold a leveraged position for more than daily.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your account. They are billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or AvaTrade charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who regularly exchange, for example daily or weekly trading.
But, non-trading fees billed by IC Markets and AvaTrade are relatively greater. Consequently, you are charged more for non-trading actions in your trading account, such as withdrawal and deposits. These aren't related to the purchase and sale of assets.
This IC Markets vs AvaTrade review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And AvaTrade
What Languages Do IC Markets And AvaTrade Support?
Being able to talk easily with your trading broker is a key way of comparing online brokers to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key factor to success when trading forex.
Here you will find all the languages that both IC Markets and AvaTrade support.
How Many Clients Do IC Markets and AvaTrade Have?
Both IC Markets and AvaTrade are well known and trusted. It is really important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many clients IC Markets and AvaTrade are working with
|Clients / Users
|Find Out More
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 and AvaTrade offers 250.
Below you will find a full breakdown of what both IC Markets and AvaTrade offer.
IC Markets Review
IC Markets vs AvaTrade:
Table Of Contents
- Compare IC Markets vs AvaTrade
- Benefits of IC Markets and AvaTrade Compared
- AvaTrade and IC Markets Mobile App Comparison
- IC Markets vs AvaTrade - Awards
- IC Markets vs AvaTrade - Frequently Asked Questions
- What is the minimum deposit for AvaTrade or IC Markets
- IC Markets vs AvaTrade - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And AvaTrade
- What Languages Do IC Markets And AvaTrade Support?
- How Many Clients Do IC Markets and AvaTrade Have?
- What Payment Methods Do IC Markets and AvaTrade Accept?
- What Can You Trade With IC Markets and AvaTrade?