Compare IC Markets vs AvaTrade
What is IC Markets? What is AvaTrade?
IC Markets is an Australian-based Forex and CFD broker founded in 2007. AvaTrade is an Irish-based Forex and CFD broker founded in 2006.
IC Markets vs AvaTrade Overall Comparison
Overall, both brokers have competitive spreads, high-quality trading platforms, and an extensive range of trading assets. In terms of customer support, IC Markets offers 24/7 customer service, while AvaTrade offers support during market hours.
IC Markets vs AvaTrade Regulation Comparison
Both brokers are regulated by reputable financial authorities. IC Markets is regulated by ASIC in Australia and CySEC in Cyprus, while AvaTrade is regulated by the Central Bank of Ireland, ASIC, and the Financial Services Commission in the British Virgin Islands.
IC Markets vs AvaTrade Trading Assets Comparison
IC Markets offers more than 230 trading assets, including Forex pairs, commodities, indices, and cryptocurrencies. AvaTrade offers over 1,000 trading assets, including Forex pairs, commodities, indices, stocks, ETFs, and cryptocurrencies.
IC Markets vs AvaTrade Trading Fees Comparison
IC Markets has competitive trading fees, with the average spread for the EUR/USD currency pair being 0.1 pips. AvaTrade has higher trading fees, with the average spread for the EUR/USD being 1.3 pips.
IC Markets vs AvaTrade Account Types Comparison
Both brokers offer several account types, including Standard, Raw Spread, and Islamic accounts. AvaTrade also offers a demo account for new traders.
IC Markets vs AvaTrade Trading Conditions Comparison
IC Markets offers flexible trading conditions, including the use of scalping, hedging, and automated trading strategies. AvaTrade restricts the use of some trading strategies and requires sharia-compliant accounts to comply with Islamic law.
IC Markets vs AvaTrade Deposit Options Comparison
Both brokers offer a wide range of deposit and withdrawal options, including bank wire transfer, credit and debit cards, and online payment processors. However, AvaTrade offers more deposit and withdrawal options, including PayPal.
IC Markets vs AvaTrade Trading Platforms Comparison
Both brokers offer high-quality trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. IC Markets also offers a platform specifically designed for trading cryptocurrencies, called MetaTrader 4.
IC Markets vs AvaTrade Analytical Tools Comparison
Both brokers provide excellent analytical tools, including charting packages, technical analysis tools, and market news. IC Markets also provides economic calendars, trading calculators, and VPS hosting services.
IC Markets vs AvaTrade Educational Resources Comparison
Both brokers offer educational resources, including trading courses, videos, webinars, and e-books. However, AvaTrade offers more comprehensive educational resources, including a trading academy, live market analysis, and free market research tools.
Which offers better pricing – IC Markets or AvaTrade
In terms of pricing, IC Markets generally offers better pricing compared to AvaTrade due to its lower average spreads.
Which broker offers more security when trading Forex and CFDs?
Both IC Markets and AvaTrade are regulated by reputable financial authorities, which provide a high level of security for traders when trading Forex and CFDs. IC Markets is regulated by ASIC in Australia and CySEC in Cyprus, while AvaTrade is regulated by the Central Bank of Ireland, ASIC, and the Financial Services Commission in the British Virgin Islands.
Which broker offers the superior trading platform?
Both IC Markets and AvaTrade offer high-quality trading platforms. IC Markets offers MetaTrader 4 and MetaTrader 5, as well as cTrader and its own proprietary platform. AvaTrade offers MetaTrader 4, MetaTrader 5, and its own proprietary platforms, as well as AvaOptions and AvaTradeGO.
Do these brokers both offer MetaTrader?
Yes, both IC Markets and AvaTrade offer MetaTrader 4 and MetaTrader 5 as trading platforms.
How many Forex pairs can you expect from these brokers?
IC Markets offers more than 60 forex pairs, while AvaTrade offers over 50 forex pairs.
Is it safe to trade with IC Markets?
Yes, it is generally safe to trade with IC Markets. The broker has a good reputation in the industry and is regulated by ASIC and CySEC.
Is it safe to trade with AvaTrade?
Yes, it is generally safe to trade with AvaTrade. The broker has a good reputation in the industry and is regulated by multiple financial authorities.
Is IC Markets a good broker?
Yes, IC Markets is considered a good broker by many traders due to its competitive pricing, high-quality trading platforms, and extensive range of trading assets. However, it’s important to note that trading involves risks, and traders should conduct their own research before choosing a broker.
Is AvaTrade a good broker?
Yes, AvaTrade is also considered a good broker due to its extensive range of trading assets, high-quality trading platforms, and educational resources. However, as with any broker, traders should conduct their own research and consider their individual needs and risk tolerance before opening an account.
IC Markets vs AvaTrade. Which forex broker is better? Which forex broker should you choose?
Choosing between IC Markets and AvaTrade can depend on your individual trading needs and preferences. Both brokers have their unique advantages and disadvantages.
IC Markets has a good reputation in the industry for its competitive pricing, high-quality trading platforms, and extensive range of trading assets. The broker is regulated by ASIC and CySEC, which provides a high level of security when trading.
On the other hand, AvaTrade has a broader range of trading assets, including stocks and ETFs. The broker also offers an extensive range of educational resources and a trading academy, which can be helpful for new traders. Additionally, AvaTrade offers more deposit and withdrawal options, including PayPal.
Ultimately, the decision on which broker to choose depends on factors such as your preferred trading instrument, trading style, and account size. To determine which broker is better suited to your needs, it’s important to conduct your own research, read reviews, and consider factors such as trading platform features, fees, and customer support.
