Your capital is at risk. Trade only with funds you can afford to lose.
IC
#4 in our CFD broker rankings
Accepts traders from Congo
Rating breakdown
- Regulation & trust4.60.2 higher than OANDA (4.4)
- Assets & markets4.10.7 higher than OANDA (3.4)
- Fees & costs4.61.1 higher than OANDA (3.5)
- Platforms & tools4.00.7 higher than OANDA (3.3)
- Accounts & banking4.00.5 higher than OANDA (3.5)
- Education3.50.8 lower than OANDA (4.3)
- Research4.00.2 higher than OANDA (3.8)
- Customer support4.5same as OANDA (4.5)
OANDA’s score. Numbers show the difference.
OANDA
#64 in our CFD broker rankings
Accepts traders from Congo
Rating breakdown
- Regulation & trust4.40.2 lower than IC (4.6)
- Assets & markets3.40.7 lower than IC (4.1)
- Fees & costs3.51.1 lower than IC (4.6)
- Platforms & tools3.30.7 lower than IC (4.0)
- Accounts & banking3.50.5 lower than IC (4.0)
- Education4.30.8 higher than IC (3.5)
- Research3.80.2 lower than IC (4.0)
- Customer support4.5same as IC (4.5)
IC’s score. Numbers show the difference.
| IC | OANDA | |
|---|---|---|
| Overview | IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries. | OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. |
| Customer Reviews | Based on 3 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | – | |
| Comment by Reviewer | “IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.” | “OANDA will serve day traders looking for a trustworthy broker with a beginner-friendly platform, superb research and straightforward account opening. The $0 minimum deposit and excellent customer support makes it especially attractive to newer traders.” |
| Pros |
|
|
| Cons |
|
|
| Awards |
|
|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting |
| Demo Account | Yes | Yes |
| Minimum Deposit | $200 | $0 |
| Trading Platforms |
|
|
| Payment Methods | ||
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | ASIC, CySEC, FSA, SCB, CMA-Kenya | FCA, CIRO, ASIC, MAS, JFSA, KNF, BVI FSC |
| Margin Trading | Yes | Yes |
| Margin Rate | – | 2% |
| STP Account | No | No |
| ECN Account | Yes | No |
| DMA Account | Yes | No |
| MAM Account | Yes | No |
| PAMM Account | Yes | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | No | Yes |
| Mobile Apps | iOS & Android | OANDA Trade, MT4 |
| App Review | IC deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They 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. Yet what really stands out is how they've managed to maintain the lightning-fast execution speed IC Markets (now just IC) is known for, right within the apps. It's a seamless trading experience that feels both professional and highly responsive. | – |
| Android App Rating | ||
| iOS App Rating | ||
| Auto Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | Expert Advisors (EAs) on MetaTrader and OANDA API |
| Copy Trading | Yes | No |
| Copy Trading Platform | Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. | – |
| Social Trading | Yes | No |
| Trade Signals | Yes | – |
| 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 | $10 |
| Islamic Account | Yes | No |
| Account Currencies |
|
|
| Stock Exchanges | ||
| Commodities | ||
| CFD Trading | ||
| Overview | You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC ensures optimal conditions for scalpers, hedgers, and algo traders alike. | You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms. |
| Leverage | 1:5000 | 1:200 |
| FTSE Spread | 1.0 | 1.0 |
| GBPUSD Spread | 0.23 | 1.4 |
| Oil Spread | 0.03 | 3.0 |
| Stocks Spread | 0.02 | 12 (Apple Inc) |
| Forex Trading | ||
| Overview | IC maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. | OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds. |
| GBPUSD Spread | 0.23 | 1.4 |
| EURUSD Spread | 0.1 | 0.8 |
| EURGBP Spread | 0.27 | 0.9 |
| Assets | 75 | 68 |
| Cryptocurrency | ||
| Overview | IC offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access leverage in the MetaTrader platforms. | OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility. |
| Spread | BTC 42.036 | $100 |
| Coins |
|
|
| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |