Compare IC Markets Vs OANDA: Which is the Better Forex Broker in 2023?
IC Markets Vs OANDA, 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 IC Markets Vs OANDA, here is the direct comparison:
Compare | IC Markets | OANDA |
General Rating |
4.24/5 |
3.16/5 |
Skor | ||
Trustpilot |
4.8/5 32321 users |
2.4/5 58 users |
πΌ Regulation | ||
β Info | ||
β Established | 2007 | 1996 |
π² Min Deposit | $200 | $0 |
β Max Leverage | 1:500 | 1:20 |
π’ Spread | Variable | Fixed |
πΈ Commissions | $3.50 | -$50/Mil commission for Core pricing |
π‘ Min Position | 0.01 lot | 0.00001 lot |
π³ Payment | Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer | Visa, Mastercard card, ACH deposits and Bank transfer |
π’ Office(s) |
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π§© Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
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π£ Website Languages | Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish | English |
πͺ Trade Now | Open IC Markets | Open OANDA |
Compare Again
Testimonials
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IC Markets: I am happy to cooperate with this broker
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IC Markets: Failed to log in...again
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IC Markets: Tough withdrawal
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IC Markets: Mediocre but okay
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IC Markets: good for backtest strategy
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OANDA: Les risk
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OANDA: OANDA is the best broker I've ever know.
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OANDA: My EA doesn't work very well after some time. So...
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OANDA: My friend recommend me to trade with OANDA. But it...
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OANDA: I realize half on these commentaries are only half reliable....
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See More IC Markets Testimonials
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See More OANDA Testimonials
News
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Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
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Get USD30 from IC Markets Welcome Bonus
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OANDA Acquired Crypto Exchange Coinpass
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Unlock Limitless Possibilities with IC Markets 10% Deposit Bonus
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IC Markets and Paysafe Partnership Stretch into LatAm Market
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CySEC Exposed OANDA TMS Clone Website
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Rafal Slon Joins OANDA as Managing Director for Australia
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IC Markets Successfully Concluded Season 3 of its Podcasts Series
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OANDA Japan Raised Margin Rate of AUD/JPY
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See More Related IC Markets News
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Article
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Elevate Your Trade with IC Markets MT4 Advanced Tools
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Master IC Markets cTrader Platform with This Guide
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Social Trading Platforms in IC Markets You Should Know
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IC Markets Correlation Trader: the Must-Have Tool for Savvy Traders
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Comparing Tickmill Vs IC Markets Mobile App
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XM Vs IC Markets Trading App, Which One is Better?
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Guide to Choose the Best OANDA Platform
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IC Markets Partner: A Way to Get Passive Income without Trading
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IC Markets Slippage Policy vs Traders' Testimonies
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See More Related IC Markets Article
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Webinars
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IC Markets: Analise Top Murilo
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IC Markets: Sunday Pre-Market Analysis with Desmond
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IC Markets: Elliot Wave Series (1/3): Introduction to Elliott Wave (Thai)
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IC Markets: Como Fazer PreοΏ½o MοΏ½dio no Trading - οΏ½ possοΏ½vel Ganhar?
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IC Markets: Zonas de Liquidez del Precio : Equality High y Equality Low
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IC Markets: Estrategia Order Block + Imbalances
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IC Markets: ???? ????? ??????? ???????? ??????? ??????
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IC Markets: Analise Top Murilo
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IC Markets: Sunday Pre-Market Analysis with Desmond
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IC Markets: Live Trading Session (Thai)
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See More Related IC Markets Webinars
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- 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, IC Markets provides their pricing with Variable spread while OANDA offers Fixed spread.
IC Markets vs OANDA: 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, IC Markets enables trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, OANDA provides trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4 with the support of .
Is IC Markets or OANDA 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, IC Markets supports trading with Forex, CFD, Bonds, Crypto, while OANDA presents the ability of trading with Forex, Gold & silver, CFD, Crypto.
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 IC Markets and OANDA:
- Compare IC Markets vs easyMarkets
- Compare IC Markets vs RoboForex
- Compare IC Markets vs LiteFinance
- Compare OANDA vs Fxview
- Compare OANDA vs Grand Capital
- Compare OANDA vs Vantage Markets
For more comparisons, visit this page.