IC Markets vs OANDA, for 2025

Compare IC Markets vs OANDA

Every trading platforms has a few advantages and disadvantages, and any comprehensive review of IC Markets and OANDA would not be regarded as thorough without having a balanced approach.

Compare IC Markets and OANDA to get a better understanding of how these platforms stack up to one another before you decide to create an account. A comparative analysis will place factors into perspective in order that you remain informed about 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 most recent information so you can easily compare OANDA against IC Markets.

If you're a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You will get adept at all the concepts of brokerage as you continue trading. For starters, you have to select the right agent who'll be clear with you constantly.

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 just two such platforms that will take you along with your investment into great heights. It's important 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 learn about trading with either IC Markets or OANDA. A fantastic broker can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investing goals.

There's absolutely no sure-fire method to guarantee profits; thus, you should carefully assess your broker before you choose them. It's a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.

IC Markets and OANDA are both brokers which have found their way successfully into the broker world. Within this review, we have attempted to collate a number of the vital aspects of both IC Markets and OANDA. This review will allow you to understand whether either OANDA or IC Markets is a good match for your investments or not. We've attempted to breakdown all of the features and fees 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 while 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 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 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.

We rate overall 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.

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 headquaters 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 powerful collection of rules for ensuring honest trading on their own platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).

In accordance with their privacy regulations, customer 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 brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled much better. In other words, an online broker is not necessarily influenced by the amount of clients they have.

However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three different types of penalties for this objective.

The first kind of fees to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you are spending a spread, funding rate, or a commission. The kinds of trading fees and the rates vary from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are people who are billed when you hold a leveraged position for more than daily.

Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your account. They're charged for operations like depositing money, not investing for long periods, or withdrawals.

Generally, neither IC Markets or OANDA charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for people who regularly exchange, for example daily or weekly trading.

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

This IC Markets vs OANDA review for 2025 breaks down each of the applicable non-trading fees for you in detail.

Compare Broker Fees For IC Markets And OANDA

What Languages Do IC Markets And OANDA Support?

Being able to talk completely with your trading broker is a key way of comparing brokers to find your perfect trading partner. Not only for support but to be sure you understand everything on their website and inside their application as it is a key part of success when trading online.

Below you can find all 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 really important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many clients they already work with.

Below you will find details of how many clients IC Markets and OANDA are active on their platform

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.