However, inactivity fees apply after three months, which may not suit occasional traders. Despite this, AvaTrade’s strong regulation, competitive spreads, and easy-to-use platform make it a solid choice for UAE traders. The fact that AvaTrade Demo accounts are only active for 30 days will hinder those who like to carry out extensive testing. It’s probably the case that AvaTrade believes it will take only a short time for those in Demo version to be sold on what the platform has to offer and upgrade to Live trading. The actual trading interface is improved by the levels of market access that come with the platforms ‘market maker’ status, which is another selling point. The improved market flow that this entails goes some, but not all of the way, to compensate for the fact that the bid-offer spreads are sometimes relatively wide.
If you are able to meet these criteria, then the Professional trading account is a solid option. Although the exact trading conditions you get offered might vary from region to region, the conditions are pretty good overall. You are given access to a wide range of instruments to trade, which includes CFDs on FX, stocks, cryptocurrencies and indices.
- This website is free for you to use but we may receive a commission from the companies we feature on this site.
- AvaTrade is a global online trading provider and broker, founded in 2006 and headquartered in Dublin, Ireland.
- AvaTrade is also regulated in the EU, Japan, Australia, South Africa and the British Virgin Islands.
- AvaTrade offers a wider range of trading platforms than other brokers, including MT4, MT5, and its own in-house platforms – AvaTrade Webtrader and AvaOptions.
IC Markets vs AvaTrade 2025
The legal status of this form of trading applies to all territories and states in Australia. There is, however, one key element we would like to highlight, and that is the regulation of this sector. To engage in legal forex trading, you must register with a broker authorized by ASIC. AvaTrade is better suited for beginner traders due to its user-friendly platform and comprehensive educational resources. IC Markets is a highly popular broker, averaging around 3.3 million visits per month in 2022.
The platform has been redesigned for a more modern experience, making learning more engaging. AvaTrade also offers 48 educational videos and archived webinars on YouTube and Vimeo, helping traders expand their knowledge. Although the overall number of assets is low compared to other brokers, AvaTrade offers a great variety of forex currency pairs, forex options and CFDs. This makes them rank among the top recommended brokers for forex, options and CFDs.
It is, therefore, unsuitable for those who lack proficiency and sufficient experience. While we are on the topic of safeguarding investor funds, we should also mention that ASIC-licensed brokers must provide negative balance protection to all retail customers. This measure ensures that traders’ losses cannot exceed the overall amount they have deposited into their live accounts. You can easily recognize any reputable Aussie broker as negative balance protection is among the key features such brands offer to retail account holders. Australian brokers rank among the most reliable entities for online forex trading as they follow the strict guidelines outlined by ASIC, one of the most reputable regulatory bodies in the financial sector.
FAQs Comparing IC Markets Vs AvaTrade
To avoid fake regulated entities, Aussie traders must be extra careful when choosing a brand to trade with. While both brokers are FCA regulated, AvaTrade’s global reach and diverse platform offerings make it a top choice for many in the UK. IC Markets, although not founded in the UK, has made significant inroads in the market. For those looking to dive deeper into the best brokers for UK traders, here’s a detailed overview of the Best Forex Brokers In UK. Both AvaTrade and IC Markets offer MetaTrader 4, but IC Markets is often preferred for its advanced tools and faster execution speeds on this platform. If you’re keen on exploring more about MT4 brokers, check out this comprehensive list of the best MT4 brokers.
The Sharia-compliant broker is also available for MT4 and MT5 which is superb for technical analysis and price charts etc. AvaTrade has no qualms at all about adapting its accounts to serve the needs of your faith and trading style. The platform’s Islamic trading accounts come with no daily swaps or overnight fees so are completely compliant with Sharia law.
Due to their impressive selection of forex, options and CFDs, we rank AvaTrade highly in this trading category. We found that AvaTrade offers easy account opening, free deposits and withdrawals and diverse research and educational tools. At the same time, we found that AvaTrade has a smaller but more focused product offering along with high inactivity fees. AvaTrade is a global online trading provider and broker, founded in 2006 and headquartered in Dublin, Ireland. Offering mainly CFD and forex trading products, our research indicates that AvaTrade is a highly safe and secure broker for UAE traders.
Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatoryframework.
Superior Customer Service – IC Markets
Clients can access all of the firm’s instruments and trading platforms from a single Universal account. However, opening multiple accounts is possible for those that require different account types, such as the UK SIPP and ISA. In addition, the broker provides third-party software integration for automatically managing an investment portfolio and its proprietary solution, PortfolioAnalyst. While VPS solutions can be integrated into the supported trading platforms and APIs, there is no free server offered by the broker regardless of trading volume or account minimums.
Best Trading Experience And Ease: IC Markets
This creates hurdles for those wanting to use leverage, as holding positions overnight often incurs interest charges, known as swap fees. In response to these challenges, several brokers provide Islamic or swap-free accounts that align with Sharia principles, allowing traders to operate within the framework of their beliefs. IC Markets enhances its platform offerings with cTrader, designed for high-speed execution and deep liquidity levels. CTrader includes three levels of ‘depth-of-market’ (DoM) and a VPS with latency under 1 ms, making it an excellent choice for scalpers and high-frequency traders. IC Markets stands out with its tighter spreads and lower standard account fees, making it a more cost-effective choice for traders.
AvaTrade’s Trading Platforms and Tools
Avatrade offers one commission-free trading account, with a low minimum deposit and lower trading costs than other similar brokers. It’s also important to remember that not all broker platforms advertise Islamic trading accounts. If you can’t see any of the aforementioned but are interested in that broker, then send them an email and they might customise a standard account to meet your swap-free needs. As you can see, it is entirely possible for people of the Islamic faith to trade within the laws of Islamic finance – whilst remaining fully respectful to the rules of the Quran. All you need to do is find yourself a regulated brokerage platform and sign up for an Islamic trading account. The platform offers halal Silver and Gold AvaTrade Islamic accounts as well as allowing you to trade oil futures (swap-free).
- As a result, there are no swap fees, so this type of trading is permitted within Islamic finance rules.
- AvaTrade offers various educational resources such as webinars, trading guides, video tutorials, and market analysis to help traders improve their skills and knowledge.
- IC Markets stands out with its tighter spreads and lower standard account fees, making it a more cost-effective choice for traders.
- The broker’s commitment to providing a high-quality trading environment is evident in its robust platform offerings and excellent customer support.
Aplicaciones de trading de escritorio web
During the testing that formed part of this AvaTrade broker review, it was established that AvaTrade support staff were knowledgeable, client-focused and able to offer quick resolutions to queries. Support is only offered 24/5, rather than 24/7, so is geared more towards helping traders maintain access to the markets rather than develop new strategies over the weekend. One non-trading fee to look out for is the admin fee AvaTrade applies to non-active accounts. On the one hand, this encourages good housekeeping by clients but on the other, it does make them stand out from the crowd, and not necessarily in a good way. The fees charged are not insignificant and kick in relatively quickly, so anyone signing up should ensure they are aware of the terms and conditions. While AvaTrade is happy to lay their cards so openly on the table, it does follow that they are in line with their peers in this area.
BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Concerned by its findings, the regulatory body decided to step in by issuing an intervention order that placed restrictions on the maximum leverage available to retail traders in the country. These leverage caps were initially temporary, but the regulator eventually decided to make them permanent on March 29, 2021. Under Australian law, how your profits are taxed depends on whether you are classified as a trader or an investor.
AvaTrade’s standard account offers spreads averaging https://traderoom.info/is-avatrade-truly-a-brokerage-we-can-rely-on/ around 0.9 pips, which is close to the industry average. For professional traders, AvaTrade provides a Professional account with competitive spreads of 0.6 pips, comparable to those offered by Interactive Brokers. AvaProtect; a unique tool that lets you safeguard trades from losses for a small fee.
No Comment