Compare OANDA Vs IC Markets: Which is the Better Forex Broker in 2024?
OANDA Vs IC Markets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between OANDA Vs IC Markets, here is the direct comparison:
Feature | OANDA | IC Markets |
General Rating |
3.11/5 |
4.02/5 |
|
Score | 77 | 89 | |
Trustpilot |
3.6/5 544 users |
4.8/5 32767 users |
|
💼 Regulation | |||
❗Info | |||
⌛ Established | 1996 | 2007 | |
💲 Min Deposit | $0 | $200 | |
⚖ Max Leverage | 1:20 | 1:1000 | |
🔢 Spread | Fixed | Variable | |
💸 Commissions | -$50/Mil commission for Core pricing | $3.50 | |
💡 Min Position | 0.00001 lot | 0.01 lot |
💳 Payment | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller | Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer | |
🏢 Office(s) |
|
|
🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
🗣 Website Languages | English | Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish |
🚪 Trade Now | Open OANDA | Open IC Markets |
Testimonials
-
OANDA: Les risk
-
OANDA: OANDA is the best broker I've ever know.
-
OANDA: My EA doesn't work very well after some time. So...
-
OANDA: My friend recommend me to trade with OANDA. But it...
-
OANDA: I realize half on these commentaries are only half reliable....
-
OANDA: Les risk
-
OANDA: OANDA is the best broker I've ever know.
-
OANDA: My EA doesn't work very well after some time. So...
-
OANDA: My friend recommend me to trade with OANDA. But it...
-
OANDA: I realize half on these commentaries are only half reliable....
-
IC Markets: I am happy to cooperate with this broker
-
IC Markets: Failed to log in...again
-
IC Markets: Tough withdrawal
-
IC Markets: Mediocre but okay
-
IC Markets: good for backtest strategy
-
OANDA: Les risk
-
See More OANDA Testimonials
-
See More IC Markets Testimonials
News
-
IC Markets Dives into Prop Trading with ICFunded Launch
-
IC Markets and Bloomberg Team Up Again for ICYT Season 4
-
Level Up Your Trading in IC Markets Global with TradingView
-
IC Markets Faces Class-Action Lawsuit in Australia for Alleged Misleading Conduct
-
Earn Cash While You Sleep with IC Markets Refer a Friend
-
IC Markets Launches IC Shares: Invest in ASX & CBOE with Zero Fees
-
Don't Miss It: Join IC Markets Webinar about Multi Time Frame Analysis
-
In Collaboration with FINclear, IC Markets Introduces IC Shares
-
Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
-
Get USD30 from IC Markets Welcome Bonus
Articles
-
Earn Up to $150 from IC Markets Global Exclusive Redeemable Bonus
-
Elevate Your Trade with IC Markets MT4 Advanced Tools
-
Master IC Markets cTrader Platform with This Guide
-
Social Trading Platforms in IC Markets You Should Know
-
IC Markets Correlation Trader: the Must-Have Tool for Savvy Traders
-
Comparing Tickmill Vs IC Markets Mobile App
-
XM Vs IC Markets Trading App, Which One is Better?
-
Guide to Choose the Best OANDA Platform
-
IC Markets Partner: A Way to Get Passive Income without Trading
-
IC Markets Slippage Policy vs Traders' Testimonies
Bonus
More Comparisons
- LiteFinance vs ThinkMarkets
- Dukascopy vs OANDA
- Blueberry Markets vs JustMarkets
- FP Markets vs FXOpen
- Admirals vs AvaTrade
- IC Markets vs eToro
- Pepperstone vs FXTM
- FBS vs XM
- MTrading vs Vantage Markets
- Axi vs easyMarkets
- Interactive Brokers vs Exness
- RoboForex vs InstaForex
- Octa vs Tickmill
- FirewoodFX vs HF Markets
- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, OANDA provides their pricing with Fixed spread while IC Markets offers Variable spread.
OANDA vs IC Markets: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. The offer is supported with . In comparison, IC Markets provides trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal, Social Trading, ZuluTrade with the support of One-click trading, Trailing stop, Pending orders.
Is OANDA or IC Markets better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, OANDA supports trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf, while IC Markets presents the ability of trading with Forex, CFD, Bonds, Crypto, Commodities, Gold, Oil, Indices, Stock.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to OANDA and IC Markets:
- Compare OANDA vs Array
- Compare OANDA vs Array
- Compare OANDA vs Array
- Compare IC Markets vs Array
- Compare IC Markets vs Array
- Compare IC Markets vs Array
For more comparisons, visit this page.