OANDA vs IC Markets, Updated for 2026

Compare OANDA vs IC Markets

Every trading platforms will have certain ups and downs, so a complete analysis of OANDA vs IC Markets would not be complete without embracing a fair assessment.

Examine IC Markets and OANDA in order to understand just how they stack up against each before you decide to create an account. Conducting a comprehensive comparison will put things in perspective to ensure that you're informed about the expectations.

So you are looking for a professional broker and are choosing between OANDA or IC Markets. Who should you choose?

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

If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You'll get adept at all of the concepts of brokerage as you continue trading. For starters, you need to choose the ideal agent who will be clear with you always.

Within 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. OANDA and IC Markets are two such trading platforms that will take you along with your investment into great heights. It's crucial to compare OANDA vs IC Markets until you trust them with your money.

Our OANDA vs IC Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust OANDA and IC Markets side by side.

Our entire OANDA vs IC Markets Review covers everything you will need to learn about trading using either OANDA or IC Markets. A fantastic broker can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment objectives.

There is no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you select them. It's a frequent misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.

OANDA and IC Markets are both brokers which have paved their way successfully to the broker world. In this review, we have tried to collate a number of the vital facets of both OANDA and IC Markets. This review can help you to understand whether either IC Markets or OANDA is a fantastic fit for your own investments or not. We have attempted to breakdown all of the qualities and fees for your advantage.

Benefits of OANDA and IC Markets Compared

OANDA offers a minimum deposit of $1 while IC Markets has a $200 minimum deposit.

Why smaller minimum deposits are good and how OANDA and IC Markets 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.

OANDA allows you to trade around 100 financial instruments whilst IC Markets has around 100 financial instruments available.

The more instruments you can trade on the OANDA and IC Markets 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 seriously do not want to miss out on a trading opportunity due to the limitations of OANDA or IC Markets.

OANDA and IC Markets Contact Details

Being able to contact a broker simply is a sign of a professional broker. OANDA and IC Markets have the following contact details and social medias that you can use.

IC Markets and OANDA 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 OANDA and IC Markets 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

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 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?

OANDA vs IC Markets - Awards

OANDA vs IC Markets - Frequently Asked Questions

OANDA vs IC Markets - Headquarters And Year Of Founding

OANDA was founded in 1996 and has its headquaters in United States, Canada.

IC Markets was founded in 2007 and has its headquaters in Australia.

What is the minimum deposit for IC Markets or OANDA

The minimum deposit for OANDA is $1.

The minimum deposit for IC Markets is $200.

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 OANDA and IC Markets are a good option.

OANDA vs IC Markets - Regulation And Licencing In More Detail

OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).

IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Both OANDA and IC Markets have a strong set of rules for ensuring honest trading on their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).

In accordance with their individual privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare OANDA vs IC Markets Commission And Fees

OANDA and IC Markets are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the amount of customers they have.

However, this doesn't 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 types of penalties for this purpose.

The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In such cases, you're paying a spread, financing speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are those 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 determined by the actions you undertake on your accounts. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.

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

However, non-trading fees charged by OANDA and IC Markets are comparatively lower. As a result, you are charged more for non-trading actions on your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of resources.

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

Compare Broker Fees For OANDA And IC Markets

What Languages Do OANDA And IC Markets Support?

Being able to talk completely with your online platform 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 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 OANDA and IC Markets offer communication in.

How Many Clients Do OANDA and IC Markets Have?

Both OANDA and IC Markets are well known and trusted. It is really 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 are using their services.

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

What Payment Methods Do OANDA and IC Markets Accept?

OANDA and IC Markets 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 OANDA and IC Markets

What Can You Trade With OANDA and IC Markets?

OANDA offers 100 trading instruments whilst IC Markets offers 232.

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