IC Markets vs AvaTrade for Mongolia Traders (2026)

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.

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.

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.

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.

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.

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.

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.