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 2023
This IC Markets vs OANDA review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs OANDA review 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
Every online trading system has some pros and cons, and no IC Markets and OANDA review would be complete without having a balanced approach. Compare IC Markets and OANDA to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a professional broker and are choosing between IC Markets or OANDA. Who should you choose?
Our IC Markets vs OANDA comparison contains the latest information so you can easily compare OANDA against IC Markets.
If you are a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You'll acquire proficient at all of the concepts of broker since you keep trading. For starters, you have to select the right broker who will be clear with you always.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and OANDA are two such companies that will take you and your investment into great heights. It is crucial to compare IC Markets vs OANDA until 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 full IC Markets vs OANDA Review covers all you need to know about trading with either IC Markets or OANDA. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you choose them. It is a frequent misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and OANDA are both brokers that have found their way successfully into the brokerage world. Within this review, we've attempted to collate some of the vital aspects of both IC Markets and OANDA. This review can allow you to know whether either OANDA or IC Markets is a fantastic fit for your own investments or not. We have tried to breakdown all of the features and fees 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 has 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 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 should 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 a broker through many ways is vital. IC Markets and OANDA have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76|
|Address||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|
|YouTube||IC Markets YouTube Channel||OANDA YouTube Channel|
|Find Out More||
OANDA and IC Markets Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver 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.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
While most brokers are good at this, there are some poor ones. 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 several industry awards over the time they have been operating as an online broker. We show the most notable awards for IC Markets below.
|At the time of writing this OANDA review, and despite OANDA’s impressive offering, the company has surprisingly not garnered any awards to date.|
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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 current situation, 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 choice.
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 strong set of rules for ensuring fair trading onto their individual platforms. For data encryption purposes, 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 details.
Compare IC Markets vs OANDA Commission And Fees
IC Markets and OANDA are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled better. In other words, an internet broker is not necessarily influenced by the number of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you are paying a spread, funding speed, or a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are people that are billed when you maintain a leveraged position for longer than a day.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake in your accounts. They're billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or OANDA charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often exchange, for example weekly or daily trading.
But, non-trading fees billed by IC Markets and OANDA are comparatively lower. As a result, you're charged more for non-trading activities on your trading account, such as deposits and withdrawal. These aren't related to the purchase and sale of resources.
This IC Markets vs OANDA review for 2023 breaks down every one of the relevant non-trading fees 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 online broker is a key part of comparing trading platforms to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find all the languages that both IC Markets and OANDA support.
|Languages Supported||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 really important to work with a broker that is professional 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 users IC Markets and OANDA are active on their platform
|Clients / Users||60,000+||10,000+|
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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
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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.
Compare IC Markets To All Other Brokers
Compare OANDA To All Other Brokers
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?