IC Markets vs AvaTrade 2026: Chile Broker Comparison for Retail Traders
Which broker is better for Chile traders in 2026? Expert analysis across 12 categories.
Chile traders seeking a reliable forex broker in 2026 face a strong choice between IC Markets and AvaTrade. IC Markets, with a score of 4.8/5, is known for its ultra-low spreads and ECN execution, appealing to active retail traders in Chile who trade high volumes. AvaTrade, scoring 4.6/5, offers a user-friendly platform with fixed spreads and a wide range of educational tools, making it suitable for beginners. Both brokers accept Chilean clients and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT, which are popular among Chileans for fast and low-cost deposits. While neither is regulated by the local financial regulator, they operate under trusted international licenses, providing a secure trading environment. This comparison focuses on what matters most to Chile traders: costs, platforms, regulation, and local payment options, helping you decide which broker fits your style.
| Instrument | IC Markets | AvaTrade | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | AvaTrade |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | AvaTrade |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | AvaTrade |
| Standard acc spread | from 1.0 pips | from 0.8 pips | AvaTrade |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $100 | AvaTrade |
| Inactivity fee | ✓ | ✓ | Tie |
For Chile traders, trading costs are a key factor. IC Markets offers raw spreads from 0.0 pips on major pairs like EUR/USD, with a small commission of $3.50 per lot per side, making it ideal for high-volume scalpers. AvaTrade has fixed spreads starting at 0.9 pips with no commission, which can be cheaper for low-volume traders but more expensive for active ones. Over 100 trades per month, IC Markets can save Chilean traders up to 30% in total costs compared to AvaTrade, especially on volatile pairs like USD/CLP.
| Account Type | IC Markets | AvaTrade |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✓ |
| VPS trading | ✓ | ✗ |
| Min deposit | $200 | $100 |
| Neg. balance protection | ✓ | ✓ |
| Entity / Asset | IC Markets | AvaTrade |
|---|---|---|
| Chile (offshore) | Up to 1:500 | Up to 1:400 |
| Forex major pairs | 1:500 | 1:400 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Margin call level | 80% | 80% |
| Stop out level | 50% | 50% |
| Asset Class | IC Markets | AvaTrade | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | AvaTrade |
| ETFs | ✗ | ✓ | Tie |
| Options | ✗ | ✗ | Tie |
| Futures | ✗ | ✗ | Tie |
| Platform | IC Markets | AvaTrade |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
| Fixed spreads | ✗ | ✓ |
| Variable spreads | ✓ | ✓ |
Chile traders need reliable platforms. IC Markets offers MetaTrader 4 and 5, cTrader, and WebTrader, all with advanced charting and automated trading support. AvaTrade provides MT4, MT5, and its proprietary WebTrader, along with AvaOptions for options trading. For Chilean retail traders, the choice depends on preference: IC Markets suits algorithmic traders, while AvaTrade’s simpler interface is better for manual trading.
| Factor | IC Markets | AvaTrade | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | AvaTrade |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Dealing desk | ✗ | ✗ | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| News trading | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets uses ECN/STP execution with no dealing desk, offering average execution speeds of 40ms and no requotes. AvaTrade uses market maker execution with fixed spreads, which can have requotes during news events. For Chile traders who scalp or trade news, IC Markets is superior due to faster fills and lower slippage.
| Safety Factor | IC Markets | AvaTrade |
|---|---|---|
| Primary regulator | ASIC | CBI |
| Reg number | #335692 | #C53877 |
| Verify registration | Verify ↗ | Verify ↗ |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets is regulated by ASIC (Australia) and CySEC (Cyprus), while AvaTrade is regulated by the Central Bank of Ireland, ASIC, and FSA (Japan). Neither broker is regulated by the local financial regulator in Chile, but both follow strict international standards. For Chile traders, this means client funds are segregated and protected, though not under local oversight. This is typical for international brokers serving Chile.
| Payment Method | IC Markets | AvaTrade |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Deposit fee | None | None |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | Card/e-wallet 24-48hrs after approval; Wire Transfer up to 7-10 business days |
| Min withdrawal | $50 | $50 |
Chile traders can deposit and withdraw using Bank Transfer, Skrill, Neteller, and USDT at both brokers. Bank Transfers are free but take 1-3 business days. Skrill and Neteller deposits are instant with a 1-2% fee, while withdrawals cost 1-2% and take 24 hours. USDT deposits are fast and low-cost (0.5% fee), ideal for crypto-savvy Chileans. IC Markets has no deposit minimum, while AvaTrade requires $100 for bank transfers. Both support Chilean pesos via conversion, though USD is the base currency.
| Islamic Account Feature | IC Markets | AvaTrade |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| Gold swap-free | ✓ | ✓ |
| Crypto swap-free | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and AvaTrade offer Islamic (swap-free) accounts for Chile Muslim traders. IC Markets provides them on request, with no swap charges on overnight positions, but limited to certain account types. AvaTrade offers Islamic accounts automatically during registration, with full swap-free benefits on all instruments. For Chilean Muslim traders, AvaTrade is more convenient, while IC Markets requires a support ticket.
| Support Feature | IC Markets | AvaTrade | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| 24/5 support | ✓ | ✓ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 live chat, email, and phone support in English and Spanish, with fast response times under 30 seconds. AvaTrade also provides 24/5 support via live chat, email, and phone, with Spanish-speaking agents. For Chile traders, IC Markets’ 24/7 availability is a plus for late-night trading.
| Mobile Feature | IC Markets | AvaTrade | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5★ | 4.3★ | IC Markets |
| Google Play rating | 4.3★ | 4.2★ | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| Mobile deposit/withdrawal | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Dark mode | ✓ | ✓ | Tie |
| Resource | IC Markets | AvaTrade | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | IC Markets |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
| Beginner resources | Excellent | Basic | IC Markets |
Choose IC Markets if you...
- Trade high volumes or scalp on pairs like EUR/USD and USD/CLP.
- Prefer ultra-low spreads and ECN execution for cost efficiency.
- Use automated trading systems with MT4, MT5, or cTrader.
- Need 24/7 customer support in Spanish.
Choose AvaTrade if you...
- Are a beginner or trade infrequently with lower volume.
- Prefer fixed spreads and a simple platform without commissions.
- Want instant Islamic account setup without support requests.
- Value educational resources and options trading tools.
For Chile traders in 2026, IC Markets is the better choice for active, cost-conscious retail traders due to its lower spreads, faster execution, and support for local payments like Bank Transfer, Skrill, Neteller, and USDT. AvaTrade is a solid alternative for beginners or those preferring fixed spreads and easier Islamic account access. Both are reliable, but IC Markets’ higher score (4.8 vs 4.6) and focus on low costs make it the top pick for Chilean traders seeking maximum value. Always check local financial regulator updates for compliance.