Compare IC Markets Vs OANDA: Which is the Better Forex Broker in 2023?

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:

For more comparisons, visit this page.

General Rating	4.24/5	3.16/5
Skor
Trustpilot	4.8/5 32321 users	2.4/5 58 users
💼 Regulation	× ASIC (Australia) ACN 123 289 109 More Info × CySEC (Cyprus) 362/18 More Info × SCB (Bahamas) SIA-F214 × The Financial Commission (Bahamas) 25.11.2021	× CFTC/NFA (United States) More Info × FCA (United Kingdom) More Info × FSA (Japan) More Info × FSC (British Virgin Islands) × Kanto Local Finance Bureau (Japan) × MFSA (Malta) More Info × MAS (Singapore) More Info × ASIC (Australia) More Info
❗ Info	Testimonials (551), News (65), Articles (35), Bonus (2), Webinars (536)	Testimonials (103), News (35), Articles (19), Bonus (2)
⌛ Established	2007	1996
💲 Min Deposit	$200	$0
⚖ Max Leverage	1:500	1:20
🔢 Spread	Variable	Fixed
💸 Commissions	$3.50	-$50/Mil commission for Core pricing
💡 Min Position	0.01 lot	0.00001 lot

💳 Payment	Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer	Visa, Mastercard card, ACH deposits and Bank transfer
🏢 Office(s)

🧩 Demo Account
📁 Segregated Account
🕋 Islamic Account
👨‍💻 PAMM Account
📈 Managed Account

🏆 Trading contests
⚡ Automated trading
💰 Bonus offers
📖 Free education

Forex
CFD
Indexes
Spread Betting
Gold & Silver
Crypto
Stocks
Oil
Metals
Energies
Futures
ETF
Options
Agriculture
Indices
Commodities
Bonds
Binary Options
ETFs
EU Stocks
Physical Stock
Shares

1️⃣ One-click trading
⏱ Trailing stop
⏳ Pending orders

💱 Hedging
🇺🇸 US traders
🕛 Swaps