IC Markets vs OANDA, Who's Better?
IC Markets Rating
Losses can exceed deposits
Losses can exceed deposits
IC Markets vs OANDA Guide
Read our In-Depth IC Markets vs OANDA Review - for 2024
This IC Markets vs OANDA review has been revised to reflect any changes for 2024 by industry experts with significant expertise in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs OANDA does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
OANDA Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs OANDA
Each trading platforms feature certain pros and cons, and any comprehensive review of IC Markets and OANDA should not be complete without embracing a fair assessment.
Compare IC Markets and OANDA to get a better understanding of just how they stack up against one another before you choose to open an account. A comparative analysis will put things in perspective in order that you remain cognizant of what you should anticipate.
So you are looking for an online trading platform and are choosing between IC Markets or OANDA. Which one is best in 2024?
This IC Markets vs OANDA comparison contains the most recent information so you can easily compare OANDA against IC Markets.
If you're a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of broker since you continue trading. For starters, you need to select the ideal broker who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and OANDA are two such stages that will take you and your investment into great heights. It's crucial to compare IC Markets vs OANDA before you trust them with your money.
Our IC Markets vs OANDA comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and OANDA side by side.
Our entire IC Markets vs OANDA Review covers all you will need to know about trading using either IC Markets or OANDA. A fantastic agent can multiply your first investments and give you favorable profits. If you would like to earn profits, you must trade with a broker service that aligns with your investing goals.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you select them. It's a frequent misconception that all agents will be the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets and OANDA are both brokers which have found their way successfully into the brokerage world. Within this review, we've tried to collate a number of the vital facets of both IC Markets and OANDA. This review can help you to know whether either OANDA or IC Markets is a good fit for your investments or not. We have attempted to breakdown all the qualities and charges for your convenience.
Benefits of IC Markets and OANDA Compared
IC Markets offers a minimum deposit of $200 while OANDA has a $1 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and OANDA compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets has around 232 financial instruments whilst OANDA allows you to trade around 232 available.
The more financial instruments you can trade on the IC Markets and OANDA trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of IC Markets or OANDA.
IC Markets and OANDA Contact Details
Being able to contact your broker simply is a sign of a professional broker. IC Markets and OANDA have the following contact details and social medias that you can use.
|+248 467 19 76
|Level 4, 50 Carrington Street, Sydney NSW 2000
|IC Markets Twitter Account
|OANDA Twitter Account
|IC Markets Facebook Page
|OANDA Facebook Page
|IC Markets Instagram Account
|OANDA Instagram Account
|IC Markets LinkedIn Page
|OANDA LinkedIn Page
|IC Markets YouTube Channel
|OANDA YouTube Channel
|Find Out More
OANDA and IC Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of IC Markets and OANDA we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
IC Markets vs OANDA - Awards
IC Markets have won many industry awards over the years they have been operating as an online trading platform. We list the most recognised awards for IC Markets here.
|At the time of writing this OANDA review, and despite OANDA’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
IC Markets vs OANDA - Frequently Asked Questions
IC Markets vs OANDA - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
OANDA was founded in 1996 and has its headquaters in United States, Canada.
What is the minimum deposit for OANDA or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for OANDA is $1.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and OANDA are a good option.
IC Markets vs OANDA - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
Both IC Markets and OANDA have a powerful collection of rules for ensuring honest trading on their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, client information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs OANDA Commission And Fees
IC Markets and OANDA are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled better. That is, an online broker isn't necessarily affected by the amount of customers they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three different types of penalties for this purpose.
The first sort of fees to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these cases, you're spending a spread, financing rate, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Financing or overnight prices are people that are billed when you hold a leveraged position for more than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake in your account. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither IC Markets or OANDA charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by IC Markets and OANDA are relatively lower. As a result, you are billed more for non-trading activities on your trading account, such as withdrawal and deposits. These are not related to the purchase and sale of assets.
This IC Markets vs OANDA review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And OANDA
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What Languages Do IC Markets And OANDA Support?
Being able to communicate completely with your trading platform is a key part of comparing online brokers to find the best broker. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading forex.
Here you will find the languages that both IC Markets and OANDA offer communication in.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
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How Many Clients Do IC Markets and OANDA Have?
Both IC Markets and OANDA are well known and trusted. It is important to work with an online broker you can trust and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients IC Markets and OANDA are active on their platform
|Clients / Users
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What Payment Methods Do IC Markets and OANDA Accept?
IC Markets and OANDA both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and OANDA
|Find Out More
What Can You Trade With IC Markets and OANDA?
IC Markets offers 232 trading instruments and OANDA offers 100.
Below you will find a full breakdown of what both IC Markets and OANDA offer.
IC Markets Review
IC Markets vs OANDA:
Table Of Contents
- Compare IC Markets vs OANDA
- Benefits of IC Markets and OANDA Compared
- OANDA and IC Markets Mobile App Comparison
- IC Markets vs OANDA - Awards
- IC Markets vs OANDA - Frequently Asked Questions
- What is the minimum deposit for OANDA or IC Markets
- IC Markets vs OANDA - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And OANDA
- What Languages Do IC Markets And OANDA Support?
- How Many Clients Do IC Markets and OANDA Have?
- What Payment Methods Do IC Markets and OANDA Accept?
- What Can You Trade With IC Markets and OANDA?