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AvaTrade vs IC Markets

avatrade vs ic markets

AvaTrade vs IC Markets : Which one has the lowest spreads and the better forex broker – Traders looking to use the best forex brokers need to do their research and compare the Satus brokers to others. Not easy indeed. however this needs to be done to ensure that the trader is using the right broker. AvaTrade and IC Markets are two brokers that are widely used by professional traders in the world, which one is better for trade ? we will compare AvaTrade vs IC Markets based on their features, trading conditions, fees, and more to help you make an informed decision.

 

Website www.avatrade.com www.icmarkets.com
Founded 2006 2007
Min. Deposit $100 $200
Max. Leverage 1:400 1:500
Min. Trade Size 0.01 0.01
Spread Variable Variable
Islamic Account
Segregated Account
Scalping Allowed
Hegding Allowed
Trading Platform Meta Trader 4, Meta Trader 5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade Meta Trader 4, Meta Trader 5, cTrader and IC Social
Markets offered Forex, Metals, CFDs,Crypto Currency, Indices, Stocks Forex, Indices, Stocks, Commodities, Cryptocurrencies

 

AvaTrade Vs IC Markets : Regulation and Security

An established and reputable broker usually has good regulation and security. This is what many traders in the world are looking for, namely finding a broker with reliable security and high levels of regulation and has good regulation. When choosing the right forex brokers, broker regulation is one of the factors that must be considered.

AvaTrade is a highly regulated broker, the company holds at least 6 licenses in different countries including licenses from ASIC, Central Bank of Ireland, FSA of BVI, JFSA, FSCA and ADGM.

On the other hand,  IC Markets is regulated by the Australian Securities and Investments Commission ( ASIC ), Cyprus Securities and Exchange Commission ( CySEC ), the Seychelles Financial Services Authority (FSA), and the Securities Commission of the Bahamas (SCB).

Both brokers have separate client funds, meaning client funds are held in separate bank accounts from the broker’s operating funds. In addition, there are both implementing negative balance protection to their clients. In addition, AvaTrade and IC Markets use SSL encryption to protect clients’ personal and financial information.

 

Regulation
ASIC
CySEC
FSA Seychelles
SCB Bahamas
Central Bank of Ireland
FSA BVI
JFSA
FSCA
ADGM

 

AvaTrade Vs IC Markets : Trading Conditions

AvaTrade and IC Markets are brokers that both offer comfortable trading conditions and environment for both novice and professional traders. Although both offer competitive and profitable trading conditions for traders, there are differences that must be considered before choosing one of them. Now we will compare AvaTrade vs IC Markets based on trading conditions.

AvaTrade Vs IC Markets : Spreads and commission conditions

AvaTrade and IC Markets offer ideal trading conditions for both novice and professional traders, both offering competitive spreads and commissions. Which of AvaTrade vs IC Markets has the lowest spreads? let’s review both.

  • AvaTrade Spreads and Commission : Currently, Avatrade only offer standard account that have floating spreads from 0.9 pips, but no commission is charged to traders. This makes AvaTrade the ideal broker to work with.
  • IC Markets Spreads and Commission : IC Markets offers lower floating spreads from 0.0 pips on Raw Spread and cTrader accounts. The commission charged is $7 per lot on Raw Spread accounts and $6 per lot on cTrader accounts. Other account types available are standard with floating spreads from 0.6 pips and no commissions.

AvaTrade Vs IC Markets : Leverage trading
AvaTrade offers a maximum leverage of up to 1:400 for clients outside of Australia and Europe. Meanwhile, the IC Markets broker offers 1:500 leverage maximum for all types of trading accounts offered.

AvaTrade vs IC Markets : Minimum Deposit Required
AvaTrade required minimum deposit $100. Meanwhile, the IC Markets broker need minimum deposit $200

AvaTrade Vs IC Markets : Funding Options

AvaTrade and IC Markets are brokers that provide traders with a comfortable trading environment, both of which offer favorable trading conditions. However, in terms of deposit and withdrawal options, they have some differences that traders need to consider.

Deposit method Credit/debit cards, Local bank transfer, Neteller, Webmoney and Skrill Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer
Withdrawal method Credit/debit cards, Local bank transfer, Neteller, Webmoney and Skrill Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer

 

AvaTrade vs IC Markets : Customer Support
If there is a problem, traders should be able to immediately contact their broker’s customer support, established and reputable brokers will quickly respond to any problems of their clients. AvaTrade and IC Markets offer 24/7 customer support via live chat, email and telephone.

In conclusion, AvaTrade and IC Markets are top class forex brokers regulated and licensed by top tier level regulators. The choice between the two will depend on your preferences and trading needs. IC Markets is cheaper, using a Raw Spread or cTrade account traders get tighter spreads and commissions. On the other hand, AvaTrade has a wider range of trading instruments and offers a wider choice of trading platforms. Between the two, both AvaTrade and IC Market offer useful social trading for beginner traders or trading signal providers.

We hope this article helped you compare AvaTrade vs IC Markets and make a decision on which broker to choose. AvaTrade vs IC Markets : Which one has the lowest spreads and the better forex broker , the winner is IC Markets.

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