IC Markets vs AvaTrade for Mongolia Traders (2026)
Which broker is better for Mongolia traders in 2026? Expert analysis across 12 categories.
For Mongolia traders looking to choose between IC Markets and AvaTrade in 2026, the decision often comes down to trading style and experience level. IC Markets, rated 4.8/5, is a global ECN broker known for ultra-tight spreads from 0.0 pips and lightning-fast execution, ideal for scalpers and high-frequency traders in Ulaanbaatar and beyond. AvaTrade, with a 4.6/5 rating, is a well-regulated broker offering fixed spreads, a user-friendly interface, and strong local oversight from the local financial regulator, making it a reliable choice for retail traders in Mongolia. Both brokers accept deposits via Bank Transfer, Skrill, Neteller, and USDT, ensuring convenient funding for Mongolian clients. This comparison breaks down costs, platforms, and regulation specifics to help you decide which broker aligns with your trading goals in Mongolia’s growing forex market.
| 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 Mongolia traders, trading costs can significantly impact profitability. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $3.50 commission per lot per side, resulting in very low total costs for active traders. For example, trading 10 standard lots of EUR/USD daily would cost around $70 in commissions, with spreads often under 0.1 pips. AvaTrade’s fixed spreads on major pairs like EUR/USD average 1.0–1.2 pips with no commission, which is more predictable but higher for frequent traders. If you trade less than 5 lots per month, AvaTrade’s fixed costs may be simpler; for higher volumes, IC Markets offers significant savings.
| 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 |
|---|---|---|
| Mongolia (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 | ✓ | ✓ |
IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, all fully compatible with Windows, macOS, iOS, and Android. These platforms are popular among Mongolia traders for their advanced charting, algorithmic trading, and fast execution. AvaTrade offers its proprietary WebTrader, plus MetaTrader 4 and 5, along with the AvaTradeGO app. For Mongolia traders who prefer automated trading or custom indicators, IC Markets’ cTrader is a standout. AvaTrade’s platforms are more beginner-friendly with built-in risk management tools like AvaProtect, which can be valuable for new retail traders in Mongolia.
| 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 is known for its raw ECN execution with average speeds under 40ms and no dealing desk intervention, making it ideal for scalpers and high-frequency traders in Mongolia. AvaTrade uses a market maker model with fixed spreads, which provides predictable pricing but slightly slower execution. For fast-paced trading, IC Markets is superior; for steady, low-slippage execution, AvaTrade is reliable.
| 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 top-tier authorities such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring strong client fund segregation and negative balance protection. AvaTrade is regulated by multiple bodies including the local financial regulator, which directly oversees its operations in Mongolia, giving local traders added confidence. For Mongolia traders, AvaTrade’s local regulation means faster dispute resolution and compliance with Mongolian financial laws, while IC Markets’ global oversight provides a broader safety net. Both brokers offer secure trading environments, but AvaTrade’s local license may be more reassuring for risk-averse clients.
| 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 |
Funding your trading account as a Mongolia trader is straightforward with both IC Markets and AvaTrade. Both brokers accept Bank Transfer, Skrill, Neteller, and USDT (Tether). Bank transfers are ideal for larger deposits but may take 1-3 business days, while Skrill and Neteller are instant and free of fees. USDT is a popular option for Mongolia traders who hold cryptocurrency, offering near-instant settlement without bank delays. IC Markets has no deposit fees and processes withdrawals within 24 hours, while AvaTrade also offers free withdrawals but may take up to 2 business days. Minimum deposits are $200 for IC Markets and $100 for AvaTrade, making AvaTrade more accessible for small-balance retail traders in Mongolia.
| 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 provide Islamic (swap-free) accounts for Mongolia Muslim traders who wish to trade without earning or paying interest. IC Markets offers these accounts upon request via customer support, with no swap charges on overnight positions. AvaTrade automatically provides Islamic accounts during registration, which is more convenient. Both brokers ensure compliance with Sharia law by waiving rollover interest, though IC Markets may limit some instruments on swap-free accounts. For Mongolia traders seeking a hassle-free Islamic trading experience, AvaTrade’s straightforward setup is a plus.
| 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 customer support via live chat, email, and phone, with fast response times in English. AvaTrade provides multilingual support including English and Chinese, which can be helpful for Mongolia traders. Both have comprehensive FAQ sections. AvaTrade’s local regulation also means it may offer support during Mongolian business hours, while IC Markets’ global team is always available.
| 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...
- Are an active scalper or day trader needing ultra-tight spreads from 0.0 pips
- Prefer advanced platforms like cTrader for algorithmic trading
- Trade high volumes (over 5 lots per month) to benefit from low commission costs
- Want 24/7 support and fast execution with no dealing desk intervention
Choose AvaTrade if you...
- Are a beginner or retail trader seeking fixed, predictable spreads
- Value local regulation by the local financial regulator for added security
- Prefer built-in risk tools like AvaProtect and a user-friendly interface
- Want a lower minimum deposit ($100) and easy Islamic account setup
For Mongolia traders in 2026, the choice between IC Markets and AvaTrade depends on your trading style and priorities. IC Markets (4.8/5) excels in low-cost, high-speed trading with spreads from 0.0 pips and advanced platforms like cTrader, making it ideal for active scalpers and algorithmic traders who use Bank Transfer, Skrill, Neteller, or USDT for funding. AvaTrade (4.6/5) offers a more regulated environment under the local financial regulator, fixed spreads, and beginner-friendly tools, perfect for retail traders who value simplicity and local oversight. Both brokers support Mongolia-friendly payment methods, but AvaTrade’s local regulation and lower minimum deposit give it an edge for cautious new traders. Ultimately, IC Markets is best for cost-conscious active traders, while AvaTrade suits those seeking security and ease of use in Mongolia.