AvaTrade vs IC Markets – a Detailed Side-by-Side Comparison of two Highly regulated and trusted Forex Brokers in South Africa.
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| 🔄 General comparison | 4/5 | 4/5 |
| 🏛️ Regulation | 4/5 | 4/5 |
| 📊 Spreads and fees | 4/5 | 5/5 |
| 📈 Trading Platforms | 5/5 | 4/5 |
| 📱 Trading Apps | 5/5 | 4/5 |
| 🛠️ Analytical Tools | 4/5 | 3/5 |
| 🎓 Educational Resources | 5/5 | 4/5 |
| ⭐ Trust Score | 93 | 86 |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Avatrade vs IC Markets – Key Point Quick Overview
- ☑️ AvaTrade Quick Overview
- ☑️ IC Markets Quick Overview
- ☑️ Overall Broker Comparison
- ☑️ Safety and Security Comparison
- ☑️ Assets Comparison
- ☑️ Fees Comparison
- ☑️ Account Types Comparison
- ☑️ Trading Conditions Comparison
- ☑️ Deposit Options Comparison
- ☑️ Trading Platforms Comparison
- ☑️ Analytical Tools Comparison
- ☑️ Educational Resources Comparison
- ☑️ In Conclusion
- ☑️ Our Findings
- ☑️ Frequently Asked Questions
AvaTrade Quick Overview
AvaTrade is a highly regulated Forex Broker and has regulatory licehttps://sashares.co.za/versus/avatrade-vs-ic-markets/#gs.9bhzjsnses in several international financial centers. Through its online, desktop, and mobile trading platforms, AvaTrade provides spot forex, forex options, and CFDs on a few asset classes, including cryptocurrencies.
AvaTrade’s apps provide a mobile experience that will appeal to most traders, even if they are not as complicated as the mobile applications provided by industry leaders (even novices). Access to Trading Central’s research modules is made available by AvaTrade, which also produces daily in-house research content in the form of videos and articles.
In addition to the company’s internal specialists, Trading Central and other outside suppliers have also contributed to AvaTrade’s vast collection of educational resources.
IC Markets Quick Overview
Australian Forex and CFD broker IC Markets was established in 2007 and has its headquarters in Sydney. One of the most well-known Forex CFD providers, IC Markets provides trading options for experienced day traders, scalpers, and beginners to the Forex market.
Innovative trading systems, low latency connection, and excellent liquidity are all things that IC Markets provides its customers. The affordable cost and scalable execution of IC Markets make it a wonderful choice for algorithmic traders. Moreover, IC Markets supports a wide variety of third-party plugins and applications.
Overall Broker Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| 🔄 General comparison | 4/5 | 4/5 |
| 🏛️ Regulation | 4/5 | 4/5 |
| 📊 Spreads and fees | 4/5 | 5/5 |
| 📈 Trading Platforms | 5/5 | 4/5 |
| 📱 Trading Apps | 5/5 | 4/5 |
| 🛠️ Analytical Tools | 4/5 | 3/5 |
| 🎓 Educational Resources | 5/5 | 4/5 |
| ⭐ Trust Score | 93 | 86 |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Safety and Security Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| ⭐ Trust Score | 93 | 86 |
| 📅 Year founded | 2006 | 2007 |
| 🇿🇦 Licensed in South Africa | ✅Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
AvaTrade is regulated by various financial bodies globally, including the European Union, Australia, Japan, South Africa, and the British Virgin Islands. However, both brokers keep client funds in segregated accounts and use advanced security protocols and features to ensure the safety of clients.
Assets Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| 📈 Forex | ✅Yes | ✅Yes |
| 📉 CFDs | ✅Yes | ✅Yes |
| 📊 Bonds | ✅Yes | ✅Yes |
| 🍎 Commodities | ✅Yes | ✅Yes |
| 💹 Indices | ✅Yes | ✅Yes |
| 💎 Precious Metals | ✅Yes | ✅Yes |
| 💡 Energies | ✅Yes | ✅Yes |
| 📌 Individual Shares | ✅Yes | ✅Yes |
| 🪙 Cryptocurrency CFDs | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
AvaTrade and IC Markets offer a wide range of assets. Aside from Forex and CFDs, Bonds, Commodities, and Indices are available for trade.
Fees Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| 💴 Commissions Charged | None | ✅Yes |
| 💶 ECN Execution | None | ✅Yes |
| 💵 Market Maker Execution | ✅Yes | None |
| 💷 Inactivity Fee | ✅Yes | None |
| 💴 Currency Conversion Fees | ✅Yes | ✅Yes |
| 💶 Deposit Fee | None | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
IC Markets offers better pricing on all three live trading accounts, with spreads that start from 0.0 pips on the cTrader and Raw Spread Account. However, AvaTrade offers commission-free trading on its standard account.
Account Types Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| 1️⃣ Standard Account | ✅Yes | ✅Yes |
| 2️⃣ Commission-Free Account | ✅Yes | ✅Yes |
| 3️⃣ Demo Account | ✅Yes | ✅Yes |
| 4️⃣ Islamic/Swap-Free Account | ✅Yes | ✅Yes |
| 5️⃣ Managed Accounts | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
The AvaTrade and IC Markets Account Type selection is similar. However, the minimum deposit required makes a difference to the accessibility of said accounts. AvaTrade requires 100 USD, whereas IC Markets charges 200 USD, regardless of the account opened.
Trading Conditions Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| 📈 Hedging | ✅Yes | ✅Yes |
| 📉 Scalping | ✅Yes | ✅Yes |
| 📊 Beginner Trading | ✅Yes | ✅Yes |
| 💹 Professional Trading | ✅Yes | ✅Yes |
| 🥰 Copy/Social Trading | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
When compared, the trading conditions available from AvaTrade and IC Markets are equally impressive. Both Brokers allow scalping, heading, and social/Copy Trading.
Deposit Options Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| 💴 Bank wire | ✅Yes | ✅Yes |
| 💶 MasterCard | ✅Yes | ✅Yes |
| 💵 PayPal | ✅Yes | ✅Yes |
| 💷 Skrill | ✅Yes | ✅Yes |
| 💴 Neteller | ✅Yes | ✅Yes |
| 💶 Minimum Deposit | 100 USD | 200 USD |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
In comparison, AvaTrade and IC Markets have a similar offering of trusted deposit options and withdrawal methods. Both Brokers accept deposits made via Bank Wire Transfer, MasterCard, PayPal, and, Skrill.
Trading Platforms Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| 💻 Desktop Platform | ✅Yes | ✅Yes |
| 📱 Mobile App | ✅Yes | ✅Yes |
| 🥰 Social Trading | ✅Yes | ✅Yes |
| 4️⃣ MetaTrader 4 | ✅Yes | ✅Yes |
| 5️⃣ MetaTrader 5 | ✅Yes | ✅Yes |
| ⚙️ DupliTrade | ✅Yes | None |
| 📌 ZuluTrade | ✅Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
AvaTrade offers a choice between AvaTradeGO, AvaOptions, and AvaSocial as the broker’s proprietary trading platforms, while IC Markets does not have any in-house platforms. AvaTrade offers third-party software including MetaTrader 4 and 5, DupliTrade, and ZuluTrade.
IC Markets only offers MetaTrader 4, MetaTrader 5, and cTrader which makes AvaTrade the clear winner in terms of superior trading software.
Analytical Tools Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| 📅 Economic Calendar | ✅Yes | ✅Yes |
| ✏️ Social Sentiment | ✅Yes | ✅Yes |
| 📔 Trading Central | ✅Yes | ✅Yes |
| 📚 Forex News Sources | ✅Yes | ✅Yes |
| 📒 Daily Market Commentary | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
When compared, AvaTrade is the Best in class with access to DupliTrade, ZuluTrade, and, an award-winning mobile trading app.
Educational Resources Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IC Markets |
| 🎓 Offers education | ✅Yes | ✅Yes |
| ✏️ Webinars | ✅Yes | ✅Yes |
| 📔 Beginner training videos | ✅Yes | None |
| 📚 Advanced training videos | ✅Yes | None |
| 📒 Tutorials | ✅Yes | ✅Yes |
| 📑 eBooks | ✅Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
Both Brokers offer an excellent selection of educational resources. However, AvaTrade is best in class with access to Advanced Training Materials.
In Conclusion
AvaTrade and IC Markets have proven to be excellent Broker choices with impressive all-round offerings. Moreover, it is suited to all levels of Traders in South Africa.
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Findings
While comparing AvaTrade and IC Markets we have found that each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Selecting the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like: AvaTrade Review
You might also like: IC Markets Review
Frequently Asked Questions
Do these brokers both offer MetaTrader?
Both AvaTrade and IC Markets offer MetaTrader 4 and MetaTrader 5 on the web, mobile, and desktop computers. Both AvaTrade and IC Markets offer social and copy trading features to South African brokers.
Is it safe to trade with AvaTrade?
AvaTrade is a safe trading platform with a Trust Score of 93 out of 100, making it a low-risk investment option. AvaTrade is regulated and overseen by Tier-1 regulators including The Central Bank of Ireland (CBI) and the Australian Securities and Investment Commission (ASIC).
Is it safe to trade with IC Markets?
IC Markets is regulated by the Australian Securities and Investments Commission (ASIC).
Is AvaTrade a good broker?
AvaTrade is a well-known and reputable broker with a solid reputation in the FX and CFD markets.
Is IC Markets a good broker?
IC Markets is a good broker for Investors who wish to use automated trading methods on the MetaTrader and cTrader platforms.
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