ICM Brokers vs AvaTrade

ICM Brokers vs AvaTrade Comparison Table 2023
ICM Brokers	AvaTrade
Review 1.5	Review 4.9
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
ICM Brokers is a Vanuatu-based broker offering a range of markets including CFDs, forex, futures, and options. The broker does not hold any top-tier licenses and there is limited company information available online.	AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.
Bonus Offer
	20% Welcome Bonus up to $10,000
Comment by Reviewer
"ICM Brokers could serve traders that are looking for fixed spreads, high leverage and willing to pay the $250 minimum deposit."	"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."
Pros
Daily technical analysis report on key markets, including EUR/USD and Dow Jones Access to the renowned MetaTrader 4 platform with customizable charting tools Integrated economic calendar for keeping up with market events Highly leveraged trading up to 1:400	WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill The broker offers reliable 24/5 multilingual customer support with fast response times during testing AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more Day traders can access stable spreads and zero commissions with no hidden fees
Cons
Uncompetitive fixed spreads and high commissions Withdrawals must be made via request form Offshore regulation reduces client safety Limited range of trading instruments Narrow range of funding methods Slow customer support upon testing	A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders It’s a shame that there are no rebate schemes for serious traders looking for additional perks There is no ECN account with raw spreads Traders from the US are not accepted
Awards
	Best Mobile Trading Platform 2023 - Finance Derivative Best Educational 2023 - Global Business Magazine Best Overall Broker 2022 - DayTrading.com Best Trading App 2021 - DayTrading.com Best Forex Broker 2019 - DayTrading.com
Instruments
Forex, equity CFDs, precious metals, energies, futures	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
$250	$100
Trading Platforms
MT4	WebTrader AvaTradeGO AvaOptions MT4 MT5 AlgoTrader TradingCentral DupliTrade
Payment Methods
Mastercard Neteller PayPal Visa Western Union	Boleto Credit Card Debit Card FasaPay JCB Card Mastercard MoneyGram Neteller Perfect Money Skrill Swift WebMoney Western Union Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
VFSC	ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA
Margin Trading
No	Yes
Margin Rate
	2%
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
Yes	iOS & Android
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	There's a strong selection of social and copy trading systems, including the AvaSocial app and popular third-party platforms, DupliTrade and ZuluTrade. Clear performance metrics can help you find the right strategy provider for your goals and risk appetite.
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$50
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP CAD AUD
Stock Exchanges
	Australian Securities Exchange Borsa Italiana Deutsche Boerse Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq Russell 2000 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange
Commodities
Gold Natural Gas Silver	Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Lithium Natural Gas Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
CFDs are available to trade on the powerful MT4 platform with a free demo account to test out strategies. With that said, the demo is only available for 20 days, which is disappointing.	AvaTrade's 1250+ leveraged CFD products span a range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on rising and falling prices in the broker’s feature-rich web and mobile platforms with market-leading research tools.
Leverage
1:400 (Retail), 1:100 (Pro)	1:30 (Retail) 1:400 (Pro)
FTSE Spread
3.5	0.5
GBPUSD Spread
3	1.5
Oil Spread
Floating	0.02
Stocks Spread
Variable	0.13
Forex Trading
Trade a small range of currency pairs with fixed spreads and high leverage up to 1:400. On the downside, fees are not the most competitive vs other brokers.	AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.
Forex App
	AvaTrade provides AvaTradeGo for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The AvaProtect™ feature even adds another layer of risk protection. Rated 4.2* , it is one of the more popular trading apps. Download it today.
GBPUSD Spread
3	1.5
EURUSD Spread
2	0.9
EURGBP Spread
3	1.5
Assets
20+	50+
Currency Indices
	USD
Cryptocurrency
Crypto trading not offered	Regulated in five continents, AvaTrade offers a secure way to access crypto markets. There's a great range of digital currencies including Bitcoin, Ethereum and Ripple, plus a crypto index. You can access competitive crypto spreads in the broker's wide choice of platforms as well as 1:2 leverage.
Spread
	BTC <1%, ETH 2%
Coins
	BCH BTC BTG ETH LTC XRP EOS DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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