IC Markets vs OANDA, Who's The Best?

Compare IC Markets vs OANDA

Every platforms for online trading will have certain advantages and disadvantages, and any comprehensive review of IC Markets and OANDA should not be complete without having a fair assessment.

Assess OANDA and IC Markets in order to understand just how these platforms line up with each prior to you open an account. Performing a comprehensive comparison helps to bring aspects into perspective to ensure that you are cognizant of the expectations.

So you are looking for an online trading platform and are choosing between IC Markets or OANDA. Which one is best in 2026?

Our IC Markets vs OANDA comparison contains the most recent information so you can easily compare OANDA against IC Markets.

If you are a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You will acquire adept at all of the concepts of brokerage since you continue trading. For starters, you have to choose the ideal broker who'll be transparent with you always.

In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and OANDA are two such platforms that will take you and your investment into great heights. It's crucial that you compare IC Markets vs OANDA before you trust them with your cash.

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 full IC Markets vs OANDA Review covers all you need to know about trading using either IC Markets or OANDA. A good agent can multiply your first investments and give you positive profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing goals.

There is no sure-fire way to ensure profits; thus, you must carefully analyze your agent before you select them. It's a frequent misconception that all agents will be exactly 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 forged their way successfully into the broker world. Within this review, we have attempted to collate some of the vital aspects of both IC Markets and OANDA. This review can allow you to understand whether either OANDA or IC Markets is a fantastic fit for your investments or not. We have attempted to breakdown all the features and charges for your advantage.

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 allows you to trade around 232 financial instruments whilst OANDA allows you to trade around 232 available.

The more 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 easily is a sign of a professional broker. IC Markets and OANDA have the following contact details and social medias that you can use.

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.

This part of comparing IC Markets and OANDA will examine whether their mobile app meets all our requirements.

Overall, we rate the user-friendliness of both apps as better than average.

It is important that any trading app has user friendly capabilities especially with the

Search Functions

Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?

IC Markets vs OANDA - Awards

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 head office in Australia.

OANDA was founded in 1996 and has its head office 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 fair trading onto their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).

As per their individual privacy regulations, customer data is to not 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 most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of clients they have.

However, this does not 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 primarily three types of penalties for this objective.

The first sort of charges to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In such instances, you are spending a spread, financing speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.

Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight prices are those that are billed when you hold a leveraged position for longer than a day.

Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your account. They are charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.

In general, neither IC Markets or OANDA charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who often trade, such as weekly or daily trading.

But, non-trading fees charged by IC Markets and OANDA are relatively competitive. As a result, you are charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of assets.

This IC Markets vs OANDA review for 2026 breaks down each of the relevant non-trading charges for you in detail.

Compare Broker Fees For IC Markets And OANDA

What Languages Do IC Markets And OANDA Support?

Being able to talk easily with your online broker is a key way of comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you understand everything on their site and inside their application as it is a key factor to success when trading online.

Here you will find the languages that both IC Markets and OANDA support.

How Many Clients Do IC Markets and OANDA Have?

Both IC Markets and OANDA are well established with their customer base. It is important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients are using their services.

Below you will find details of how many customers IC Markets and OANDA have

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

What Can You Trade With IC Markets and OANDA?

IC Markets offers 232 trading instruments whilst OANDA offers 100.

Below you will find a full breakdown of what both IC Markets and OANDA offer.