Higher Rated
AvaTrade
Capital at risk · T&Cs apply
In the competitive landscape of online trading, AvaTrade and IC Markets stand out as two prominent brokers, each catering to distinct trader profiles. AvaTrade, with a rating of 3.98/5, attracts beginners and intermediate traders due to its commission-free trading, robust educational resources, and support for copy trading. In contrast, IC Markets, rated 3.87/5, appeals to seasoned traders seeking ultra-low spreads and fast execution, albeit with a commission and a higher minimum deposit. While AvaTrade is an ideal choice for those prioritising a broad range of supported jurisdictions and educational content, IC Markets is better suited for traders focused on cost-efficiency and execution speed.
AvaTrade
IC Markets
| AvaTrade | IC Markets | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.9/5 |
| Min. Deposit | $100 ✓ | $200 |
| Spread from | 0.9 pips | 0 pips ✓ |
| Max Leverage | 1:400 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS ✓ | ASIC, CySEC |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, TradingView |
AvaTrade is the better choice overall, scoring 4.0/5 vs 3.9/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowAvaTrade
WinnerIC Markets
AvaTrade
IC Markets
AvaTrade, founded in 2006 and headquartered in Dublin, Ireland, is a well-regulated broker, holding licences from leading authorities such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS), among others. This extensive regulatory oversight across six jurisdictions provides a robust safety net, ensuring client funds are well-protected through segregated accounts and compensation schemes.
IC Markets, established in 2007 and based in Sydney, Australia, is regulated by the ASIC and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies are known for their stringent requirements, offering a reliable level of safety for traders. While IC Markets has fewer regulatory licences compared to AvaTrade, their compliance with ASIC and CySEC standards ensures a secure trading environment with necessary fund protection mechanisms in place.
When it comes to fees, AvaTrade offers commission-free trading on most accounts, with spreads starting from 0.9 pips. This makes it an appealing choice for traders who prefer not to pay commissions. However, the spreads are generally wider than those offered by ECN brokers. AvaTrade also charges an inactivity fee of $50 after three months, which could be a downside for less active traders. The minimum deposit requirement is $100, and maximum leverage is available up to 1:400.
IC Markets, on the other hand, is known for its ultra-low spreads, starting from 0.0 pips, although a commission of $3.5 per lot is charged on certain accounts. This combination of low spreads and reasonable commissions makes IC Markets highly attractive for high-frequency traders and scalpers. The minimum deposit is $200, and they offer a higher leverage of up to 1:500. IC Markets does not charge any inactivity fees, which could be beneficial for traders who do not trade regularly.
AvaTrade supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary mobile platform. These platforms cater to different trading needs, with MT4 and MT5 providing comprehensive tools for technical analysis and automated trading. AvaTrade also integrates with copy trading platforms like ZuluTrade and DupliTrade. IC Markets offers MT4, MT5, and TradingView, along with its proprietary mobile platform. TradingView is a notable addition, providing sophisticated charting tools and a social trading community, appealing to traders who prefer advanced technical analysis and community engagement.
For beginners, AvaTrade emerges as the winner due to its strong regulatory framework and educational content. Professional traders may prefer IC Markets for its ultra-low spreads and fast execution. In terms of fees, IC Markets offers more competitive spreads, despite the commission, making it the better choice for cost-sensitive traders.
AvaTrade
4.0/5
Choose AvaTrade if you want…
IC Markets
3.9/5
Choose IC Markets if you want…
AvaTrade scores higher overall on our independent rating system. AvaTrade holds a 4.0/5 rating vs IC Markets's 3.9/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
AvaTrade offers spreads from 0.9 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
AvaTrade requires a minimum deposit of $100. IC Markets requires $200.
AvaTrade is regulated by FCA, ASIC, MAS, while IC Markets holds licences from ASIC, CySEC.
AvaTrade supports MT4, MT5, Proprietary Mobile. IC Markets supports MT4, MT5, TradingView, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.