Which broker is better for North Macedonia traders in 2026? Expert analysis across 12 categories.
For retail traders in North Macedonia looking to trade forex, CFDs, and commodities, choosing the right broker is critical. IC Markets (rated 4.8/5) and AvaTrade (rated 4.6/5) are two globally recognized brokers that accept clients from North Macedonia. Both support local payment methods like Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals convenient. However, they differ significantly in trading costs, platforms, and execution style. IC Markets is known for its raw spreads and ECN execution, appealing to scalpers and algorithmic traders. AvaTrade, on the other hand, offers fixed spreads and a user-friendly interface, better suited for beginners and swing traders. This comparison analyzes key factorsβtrading costs, platforms, regulation, deposit methods, Islamic accounts, and customer supportβspecifically for North Macedonia traders. Understanding these differences will help you select the broker that aligns with your trading goals and local financial environment.
| 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 | β | β | Tie |
IC Markets offers raw spreads from 0.0 pips on its Raw Spread account with a $3.50 commission per lot per side, making it highly cost-effective for high-volume traders in North Macedonia. AvaTrade provides fixed spreads starting from 0.9 pips with no commission, which is simpler but can be more expensive for active scalpers. For a North Macedonia trader executing 10 lots per month, IC Markets' total cost is approximately $70 in commissions plus variable spreads, while AvaTrade's cost is around $90 in fixed spreads. The spread difference becomes more pronounced during volatile market events, where IC Markets' spreads may widen but remain competitive, while AvaTrade's fixed spreads offer predictability. Overall, IC Markets is more suitable for cost-conscious active traders, while AvaTrade's fixed costs benefit those who prefer certainty.
| Account Type | IC Markets | AvaTrade |
|---|---|---|
| Standard account | β | β |
| ECN / Raw spread | β | β |
| Islamic (swap-free) | β | β |
| Demo account | β | β |
| PAMM / MAM account | β | β |
| Zero spread account | β | β |
| Copy trading | β | β |
| VPS trading | β | β |
| Min deposit | $200 | $100 |
| Neg. balance protection | β | β |
| Entity / Asset | IC Markets | AvaTrade |
|---|---|---|
| North Macedonia (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) | β | β | Tie |
| Oil (WTI/Brent) | β | β | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | β | β | AvaTrade |
| ETFs | β | β | Tie |
| Options | β | β | Tie |
| Futures | β | β | Tie |
| Platform | IC Markets | AvaTrade |
|---|---|---|
| MetaTrader 4 (MT4) | β | β |
| MetaTrader 5 (MT5) | β | β |
| cTrader | β | β |
| TradingView | β | β |
| Expert Advisors (EAs) | β | β |
| Scalping allowed | β | β |
| Hedging allowed | β | β |
| Fixed spreads | β | β |
| Variable spreads | β | β |
IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, all of which are popular among North Macedonia traders for their advanced charting, automated trading, and algorithmic capabilities. AvaTrade offers its proprietary WebTrader, plus MetaTrader 4, MetaTrader 5, and AvaTradeGO mobile app. For North Macedonia traders who rely on Expert Advisors (EAs) or copy trading, IC Markets' cTrader and MT4/5 platforms are superior due to lower latency and better backtesting tools. AvaTrade's platforms are more intuitive and include educational resources, which can help beginners in North Macedonia learn the markets. Both brokers offer demo accounts, but IC Markets' platforms are generally preferred by experienced traders.
| 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 | β | β | Tie |
| Scalping allowed | β | β | Tie |
| News trading | β | β | Tie |
| EA / Bot trading | β | β | Tie |
IC Markets offers ECN execution with average execution speeds of 40 milliseconds and no requotes, making it ideal for scalpers and high-frequency traders in North Macedonia. AvaTrade uses market maker execution with fixed spreads, which can result in requotes during volatile markets. For North Macedonia traders who prioritize speed and slippage control, IC Markets is the clear winner. AvaTrade's execution is more suited for traders who prefer predictable pricing and are less concerned about millisecond delays.
| Safety Factor | IC Markets | AvaTrade |
|---|---|---|
| Primary regulator | ASIC | CBI |
| Reg number | #335692 | #C53877 |
| Verify registration | Verify β | Verify β |
| Top-tier regulated | β | β |
| Investor protection | β | β |
| Segregated funds | β | β |
| Neg. balance protection | β | β |
IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), while AvaTrade is regulated by the Central Bank of Ireland, ASIC, and the Financial Services Authority of Saint Vincent and the Grenadines. For North Macedonia traders, neither broker is directly regulated by the local financial regulator, but both are overseen by tier-1 authorities, providing a high level of client fund protection. IC Markets offers negative balance protection and segregated client accounts, while AvaTrade provides similar safeguards. The local financial regulator in North Macedonia does not restrict access to these offshore brokers, but traders should verify the broker's license and ensure compliance with their own tax obligations.
| Payment Method | IC Markets | AvaTrade |
|---|---|---|
| Bank Wire Transfer | β | β |
| Visa / Mastercard | β | β |
| Skrill | β | β |
| Neteller | β | β |
| USDT / Crypto | β | β |
| 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 |
North Macedonia traders can fund their accounts at both IC Markets and AvaTrade using Bank Transfer, Skrill, Neteller, and USDT. IC Markets requires a minimum deposit of $200, while AvaTrade requires $100. Bank Transfers from North Macedonian banks typically take 1-3 business days and may incur intermediary fees, so e-wallets like Skrill and Neteller are preferred for instant deposits. USDT (Tether) deposits are processed within minutes and are ideal for traders who use cryptocurrency. Withdrawals are processed within 24 hours for e-wallets and USDT, while Bank Transfers may take 2-5 business days. Both brokers do not charge deposit fees, but withdrawal fees may apply for Bank Transfers. Overall, the availability of these local payment methods makes both brokers highly accessible for North Macedonia traders.
| Islamic Account Feature | IC Markets | AvaTrade |
|---|---|---|
| Swap-free available | β | β |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | β | β |
| Gold swap-free | β | β |
| Crypto swap-free | β | β |
| How to apply | Contact support | Contact support |
Both IC Markets and AvaTrade offer Islamic (swap-free) accounts for Muslim traders in North Macedonia who wish to trade in accordance with Sharia law. IC Markets provides swap-free accounts on all account types (Standard, Raw Spread, and cTrader), with no swap charges on overnight positions. However, a holding period fee may apply after 10 consecutive days. AvaTrade offers Islamic accounts on standard accounts only, with no swap fees and no holding period limits. For North Macedonia Muslim traders, AvaTrade's Islamic account may be more flexible for long-term positions, while IC Markets' offering is better for active day traders who hold positions for shorter periods.
| Support Feature | IC Markets | AvaTrade | Winner |
|---|---|---|---|
| Live chat | β | β | Tie |
| Phone support | β | β | Tie |
| Email support | β | β | Tie |
| 24/7 support | β | β | Tie |
| 24/5 support | β | β | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 customer support via live chat, email, and phone, with a dedicated team that can assist North Macedonia traders in English. AvaTrade also provides 24/5 support via live chat, email, and phone, with multilingual agents including English and regional languages. IC Markets' support is faster and more responsive, especially during off-hours, which is beneficial for traders who operate outside standard market hours. AvaTrade's support is adequate but may have longer response times. Both brokers have comprehensive FAQ sections on their websites.
| Mobile Feature | IC Markets | AvaTrade | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5β | 4.3β | IC Markets |
| Google Play rating | 4.3β | 4.2β | IC Markets |
| Biometric login | β | β | Tie |
| Push notifications | β | β | Tie |
| Full charting on mobile | β | β | Tie |
| Mobile deposit/withdrawal | β | β | Tie |
| TradingView mobile | β | β | Tie |
| Dark mode | β | β | Tie |
| Resource | IC Markets | AvaTrade | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | IC Markets |
| Webinars (live) | β | Monthly | Tie |
| Economic calendar | β | β | Tie |
| Market analysis | Daily | Basic | IC Markets |
| Beginner resources | Excellent | Basic | IC Markets |
Choose IC Markets if you...
Choose AvaTrade if you...
For North Macedonia traders, IC Markets (4.8/5) is the better overall choice due to its lower trading costs, faster execution, and superior platform options. It is ideal for active traders who want to minimize spreads and commissions. AvaTrade (4.6/5) remains a strong contender for beginners and those who prefer fixed costs and a more intuitive platform. Both brokers support local payment methods like Bank Transfer, Skrill, Neteller, and USDT, ensuring easy deposits and withdrawals. The local financial regulator in North Macedonia does not restrict access to these brokers, so the final decision depends on your trading style. We recommend IC Markets for experienced traders and AvaTrade for those just starting out.