Alvexo
IC Markets
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Overview
Alvexo was founded in 2014 and is headquartered in Cyprus, while IC Markets was established in 2007 and is based in Australia. Both brokers are regulated by Australian Securities and Investment Commission (ASIC), among other authorities. Alvexo serves 10,000+ clients worldwide; IC Markets has 60,000+. The minimum deposit is $500 at Alvexo and $200 at IC Markets.
| Feature | Alvexo | IC Markets |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Regulation | Australian Securities and Investment Commission (ASIC), licenced in Australia and Hong Kong for stockbroking and corporate finance activities, Financial Services Authority of Seychelles with License Number SD030 | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2014 | 2007 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between Alvexo and IC Markets, directly affecting your bottom line as a trader. IC Markets has a lower barrier to entry with a minimum deposit of $200 (vs $500 at Alvexo). Neither broker charges withdrawal fees. IC Markets charges deposit fees; Alvexo does not. Overall, IC Markets scores higher on fees in our assessment.
| Feature | Alvexo | IC Markets |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Alvexo offers MT4, cTrader, a proprietary platform, while IC Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. IC Markets supports social and copy trading features, which Alvexo does not offer. IC Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Alvexo | IC Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | No | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, cTrader, Mobile Apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alvexo and IC Markets compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Alvexo | IC Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alvexo accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill), while IC Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). IC Markets uniquely supports Neteller among the two brokers. IC Markets scores higher on deposit and withdrawal flexibility.
| Feature | Alvexo | IC Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alvexo and IC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Alvexo supports 2 languages and IC Markets supports 8, giving IC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | Alvexo | IC Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more |