IC Markets vs Oanda
| IC Markets | OANDA |
|---|---|
4.8
|
4.5
OANDA is #4 in our broker rankings. |
 Traders from US not accepted |
Traders from US accepted |
|
IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand. |
OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions. |
| CFDs are not available to residents in the United States. | |
| Bonus Offer | |
| $5,000 welcome bonus with a deposit of $500 | |
| Comment by Reviewer | |
| "IC Markets offers a top-class environment for traders of all experience levels and strategies. Industry-leading platforms, superior pricing and flexible accounts will meet the needs of both beginners and active day traders." | "We recommend OANDA for traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick for US traders with authorization from local regulators and a secure trading environment." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| Futures, CFD, Forex, Crypto, REITs, Volatility Index | Forex |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $200 | $0 |
| Payment Methods | |
| Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits | |
| Minimum Trade | |
| 0.01 Lots | $0 |
| Regulator | |
| ASIC, CySec, FSA | CFTC, NFA |
| Margin Trading | |
| No | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | No |
| cTrader | |
| Yes | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | Yes |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | No |
| ECN Account | |
| No | No |
| DMA Account | |
| Yes | No |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| Yes | No |
| LAMM Account | |
| Yes | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS, Android and Windows | FxTrade, MT4 |
| Auto Trading | |
| Yes, via EQUINIX NY 4 | EAs |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| The IC Social app is easy-to-use and allows traders to learn, share and mirror positions in a few clicks. The app also hosts risk management tools and facilitates direct messaging and dedicated trading groups. Alternatively, IC Markets provides access to popular third-party copy trading tools - ZuluTrade and Myfxbook. | |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes (Via Robot Feature) | |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| 0 | |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
|
|
| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Trade CFDs 24/5 on popular markets including forex, commodities, indices, stocks and bonds. IC Markets offers deep liquidity, raw spreads and high leverage. | CFD trading not offered |
| Leverage | |
| ASIC and CySEC -1:30, FSA - 1:500, 1:1000 Elsewhere | 1:30 EU, 1:200 Global |
| FTSE Spread | |
| 1 pt | 1.0 |
| GBPUSD Spread | |
| 0.5 pips | 3.4 |
| Oil Spread | |
| 1 pt | 3.0 |
| Stocks Spread | |
| Variable | |
| Forex Trading | |
| Trade currencies with 0.0 pip spreads at one of the world's leading forex brokers. IC Markets is a great choice for serious traders with superior execution and low fees. | OANDA offers over 70 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools. |
| Forex App | |
IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both have been developed on android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC Markets is retained across their apps. |
The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play. |
| GBPUSD Spread | |
| 0.5 pips | 3.4 |
| EURUSD Spread | |
| 0.1 pips | 1.6 |
| EURGBP Spread | |
| 0.5 pips | 1.7 |
| Assets | |
| 56+ | 70 |
| Cryptocurrency | |
| IC Markets offer a diverse range of cryptos, with super small spreads. They also offer many cryptocurrencies not available elsewhere, without the need of a virtual wallet. | Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Users can also trade digital currencies in a few taps through the iOS and Android mobile app. |
| Spread | |
| BTC 0.4%, ETH 1% | $100 |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
|
|
|
| CFDs are not available to residents in the United States. | |
| More Comparisons | |
|
IC Markets vs |
OANDA vs |