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IC Markets vs OctaFX 2022

April 26, 2022
Last modified June 23, 2022

IC Markets is better than OctaFX.

Trying to decide between IC Markets and OctaFX? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

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Overall Rating expand_moreexpand_less IC Markets OctaFX AvaTrade
Overall Rating star star 8 / 10 star star 6.8 / 10 star star 8.2 / 10
Account Type expand_moreexpand_less IC Markets OctaFX AvaTrade
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account Yes Yes Yes
Copy Trading expand_moreexpand_less IC Markets OctaFX AvaTrade
Social Trading / Copy Trading Yes Yes Yes
DupliTrade No No Yes
ZuluTrade Yes No Yes
Cryptocurrency expand_moreexpand_less IC Markets OctaFX AvaTrade
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading expand_moreexpand_less IC Markets OctaFX AvaTrade
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less IC Markets OctaFX AvaTrade
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less IC Markets OctaFX AvaTrade
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No Yes
Social Trading / Copy Trading Yes Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes No Yes
ETF Yes No No
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less IC Markets OctaFX AvaTrade
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform No Yes Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) Yes Yes Yes
Regulatory Licenses expand_moreexpand_less IC Markets OctaFX AvaTrade
Tier-1 Licenses 1 0 4
ASIC Authorised (Australia) Yes No Yes
IIROC Authorised (Canada) No No Yes
FCA Authorised (U.K.) No No No
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No No
FINMA Authorised (Switzerland) No No No
CFTC Registered (USA) No No No
Tier-2 Licenses 1 1 3
Tier-3 Licenses 1 0 1
Research, Education expand_moreexpand_less IC Markets OctaFX AvaTrade
Trading Central (Recognia) Yes No Yes
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist Yes Yes No
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos No Yes Yes
Client Webinars (Archived) Yes Yes Yes
Trading Costs expand_moreexpand_less IC Markets OctaFX AvaTrade
Minimum Initial Deposit $200 $25 $100
Average Spread EUR/USD - Standard 0.62 (August 2021) 0.6 (August 2021) 0.91 (Aug 2020)
All-in Cost EUR/USD - Active 0.62 (August 2021) N/A 0.61 (Aug 2020)
Active Trader or VIP Discounts Yes No Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) Yes No Yes
Trading Tools expand_moreexpand_less IC Markets OctaFX AvaTrade
Watchlists - Total Fields 7 7 6
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 30 30 90
Mobile Charting - Indicators / Studies 30 30 73
Trust Factors expand_moreexpand_less IC Markets OctaFX AvaTrade
Year Founded 2007 2011 2006
Publicly Traded (Listed) No No No
Bank No No No
Authorised in European Union No Yes Yes
Trust Score 86 67 93
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