Alvexo vs. IC Markets Comparison

This comparison guide assists users that have a hard time to select in between Alvexo and IC Markets to discover the very best online broker for their trading and financial investment requirements. It examines the main features of both brokers alongside to aid customers contrast their service and make an educated choice.

To help individuals select the right broker between Alvexo and IC Markets to find the best-suited platform, below is a list of broker’s advantages and disadvantages, followed by a contrast of their main trading attributes, including trading systems & devices, fees, mobile trading, deposit & withdrawal, possessions, guideline, and client assistance.

Alvexo vs. IC Markets: Summary

alvexo-logo

Alvexo is a forex and CFD broker based in the Seychelles. It is licensed by the ​​CySEC and is considered safe. Alvexo offers users access to 58 forex pairs and over 450 CFDs on shares, commodities, indices, and cryptocurrencies. Users can choose between three different platforms: a web based proprietary platforms and app and MT4 integration.

Alvexo trading fees are industry average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 0,14 pips on EUR/USD and no commission on CFD trades. The broker charges an inactivity fees of $10 per month after 3 months of inactivity.

Alvexo’s customer support is available through email (support@alvexo.com), phone (+24825030482), and live chat in Arabic and English.

IC Markets logo

IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.

IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.

IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.

IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.

Pros

  • Access to over 58 forex pairs and 450 CFDs
  • Competitive spreads from 0.1 pips EUR/USD (Elite account)
  • Intuitively designed mobile trading app and desktop trading platforms
  • MetaTrader 4 integration

Cons

  • High minimum deposit ($500)
  • Trading signals aren’t as accurate as other signal providers
  • MetaTrader 5 and Expert Advisors not supported

Pros

  • MT4, MT5 and cTrader integration
  • Competitive spreads from 0,0 pips EUR/USD
  • Copy trading features (DupliTrade and Zulutrade)
  • Up to 1:500 leverage
  • Free Equinix NY4 VPS server

Cons

  • Limited educational material
  • Limited availability of assets
  • No research and analysis tools

Key features

  • Access to 450 tradable symbols
  • MT4 Compatibility
  • Access to trading signals, trading strategies, and daily market analysis
  • Cryptocurrency trading
  • CySEC and FSA-regulated
  • Competitive spreads from 0.1 pips EUR/USD (Elite account)

Key features

  • Access to over 2,000 CFDs on forex, cryptos and stocks
  • Compatible with MT4, MT5 and cTrader
  • Islamic swap-free account availability
  • Raw spreads from 0,0 pips EUR/USD
  • Fast and reliable trade execution
  • Access to Expert Advisors (EA’s) and other forms of automated trading

Alvexo vs. IC Markets Comparison

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IC Markets logo

IC Markets

Open account Read review

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BROKER COMPARISON

alvexo-logo
IC Markets logo

Overall rating

3,1/5

4,5/5

Overall rating

3,1/5

4,5/5

Trading Platform & Tools

3.0

4.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 400:1 1:500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

2.5

4.7

See details
Withdrawal Fee 0 No
Deposit Fee 0 No
Inactivity Fee 10 EUR after 3 months 0
Cost Per Trade 0 $3.5 per lot
Cost Per Month 0 0
Forex (EUR/USD) 1.8 1.2 pips
Stocks & ETF 0 0
CFD (Gold) 5.5 0
Crypto 0 0
Options 0 0
Conversion Fees 0 0.01%
Misc. Fees 0
Overnight Fees 0

Mobile Trading

3.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.1

4.8

See details
Minimum deposit (in UAE) $500.00 $200
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.9

3.6

See details
Shares 0 0
ETF & Funds 0 40
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 58 75
CFD Indices & Funds 15 25
CFD Stocks 350 2100+
CFD Commodities 12 28
CFD Crypto 24 13
CFD Bonds 2 9
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

3.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.0

4.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.0

3.7

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Alvexo vs. IC Markets Comparison Conclusion

The outcomes of our contrast of Alvexo vs. IC Markets are wrapped up in the table below.

Broker:Best For:
AlvexoForex and CFD trading
IC MarketsForex and CFDs; Algorithmic Trading

Selecting the right choice in between Alvexo and IC Markets can be hard. Both online brokers have resemblances but vary pertaining to trading tools, platforms & applications, regulation, deposit & withdrawals, and research study and education and learning. Picking the very best broker relies on users’ trading & investment objectives, specific preferences, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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