AvaTrade vs IC Markets
If you are reading this article, you’re likely having trouble deciding whether AvaTrade or IC Markets is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this AvaTrade vs IC Markets review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
Feature AvaTrade IC Markets
See what AvaTrade offers See what IC Markets offers Features and Platforms
Irish-based AvaTrade offers clients a comprehensive choice of trading platforms. Besides the retail-favorite MT4, which fully supports automated trading solutions and its successor MT5, this broker developed its proprietary WebTrader, AvaOptions specifically for options trading, and AvaTradeGo for mobile users. Additionally, it provides new traders with quality educational content. IC Markets, headquartered in Australia, became a leading broker catering to automated trading solutions. Its superb technology infrastructure provides exceptional execution on the MT4, MT4, and cTrader trading platforms. Social trading is available via Myfxbook AutoTrade and ZuluTrade, while MAM/PAMM accounts cater to retail account management. An excellent educational section eases new clients into the world of trading.
Feature AvaTrade IC Markets Type of Platform: MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based MetaTrader 4, MetaTrader 5, cTrader, Web-based
AvaTrade vs IC Markets – Verdict
AvaTrade, founded in 2006, and IC Markets, operational since 2007, are two well-established and trusted CFD brokers. Both offer new traders a high-quality educational program, while IC Markets market research and analysis on its blog versus only market commentary at AvaTrade. Low-frequency traders and those seeking a more comprehensive asset selection will find a more suitable portfolio at AvaTrade, where commission-free trading adds appeal. High-frequency traders and those who prefer automated trading solutions from a raw spread trading environment will benefit more at IC Markets. Both expanded into the cryptocurrency sector, and IC Markets also features the cTrader trading platform, a leader in ECN trading. AvaTrade developed a proprietary mobile trading platform, attractive to emerging and frontier traders who prefer mobile devices of desktop and laptops. AvaTrade and IC Markets maintain a trustworthy trading environment. The minimum deposit at AvaTrade at $100 is lower than the $200 at IC Markets, where the leverage of 1:500 grants a competitive edge over the 1:30 available at AvaTrade.
While both brokers provide the MT4 and MT5 trading platform, with full support for automated trading, AvaTrade only grants the core versions. IC Markets provides a competitive upgrade through its MT4 Advanced Trading Tools kit consisting of 20 custom exclusive trading tools. Copy-trading at AvaTrade is available via DupliTrade, ZuluTrade, and MQL5 Signal Service. IC Markets does not feature copy trading but enables retail account management through MAM/PAMM accounts.
eToro and IC Markets Comparison IC Markets is an ECN broker which aggregates prices from liquidity providers, providing MT4, MT5 and cTrader. eToro offers a platform which provides social trading, copy trading and thematic investing. IC Markets provides a trading infrastructure with no dealing desk high speed order execution for automated trading (and scalping and news trading). IC Markets also supports social and copy trading. Both brokers are regulated by the ASIC in Australia and the CySEC in Cyprus. eToro is additionally regulated by the FCA in the United Kingdom. IC Markets is additionally regulated by the FSA in the Seychelles. Quick comparison eToro - social trading and copy trading on a web trader and apps VS IC Markets - ECN broker with MT4, MT5 and cTrader. Minimum deposit and account types The minimum deposit for eToro is $200. The minimum deposit for IC Markets is $200. eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots. IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides ZuluTrade and Myfxbook for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading. IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed. Markets eToro offers Forex, Indices, Energy, Cryptocurrencies, Bonds, Stocks, ETFs, Metals and Soft Commodities, with 1000+ available. IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Bonds, Stocks, ETFs, Metals and Soft Commodities, with 230+ available. Cryptocurrencies eToro provides Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, NEO, IOTA, Cardano, Stellar, Ethereum Classic, TRON, Zcash, Tezos, USDX, Gram and Binance Coin. IC Markets offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Namecoin, Emercoin and Peercoin CFDs. Spreads and leverage eToro can offer Forex spreads from 1 (variable) without a commission charge. IC Markets can provide Forex spreads from 1 without a commission charge and from 0 with a commission charge. Maximum leverage for eToro is . Maximum leverage for IC Markets (CySEC regulated) is . Maximum leverage for IC Markets (ASIC or FSA regulated) is 500:1.