OANDA vs IC Markets, 2026 Update

Compare OANDA vs IC Markets

Each online trading platforms has some pros and cons, so any comprehensive OANDA and IC Markets review should not be regarded as thorough without adopting a balanced approach.

Examine OANDA and IC Markets to understand the way they stack up with each other prior to you create an account. A comparative analysis helps to put things in perspective to ensure that you remain aware of what to expect.

So you are looking for a professional broker and are choosing between OANDA or IC Markets. Who is better in 2026?

Our 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 realm of trading and brokers, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You will acquire proficient at all of the concepts of broker as you keep trading. For starters, you have to select the right broker who'll be transparent with you constantly.

In this fast-paced universe of stock markets and trading, you'll need guidance to make proper 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 and your investment to great heights. It is crucial that you compare OANDA vs IC Markets before 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 full OANDA vs IC Markets Review covers all you will need to know about trading using either OANDA or IC Markets. A fantastic agent can multiply your first investments and give you positive profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investment objectives.

There's absolutely no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you choose them. It's a frequent misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.

OANDA and IC Markets are both brokers that have forged their way successfully to the brokerage world. Within this review, we have tried to collate a number of the important aspects of both OANDA and IC Markets. This review can allow you to understand whether either IC Markets or OANDA is a good fit for your own investments or not. We've attempted to breakdown all of the qualities and charges for your advantage.

Benefits of OANDA and IC Markets Compared

OANDA offers a minimum deposit of $1 while IC Markets offers 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 has around 100 financial instruments while IC Markets has around 100 available.

The more financial instruments you can trade on the OANDA and IC Markets 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 OANDA or IC Markets.

OANDA and IC Markets Contact Details

Being able to contact a broker easily is important. OANDA and IC Markets have the following contact details and social medias that you can use.

IC Markets and OANDA 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 OANDA and IC Markets 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 the 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?

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 head office in United States, Canada.

IC Markets was founded in 2007 and has its head office 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 circumstances, 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 choice.

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 functions, they supply industry-standard secure socket layers (SSL).

In accordance with their own privacy policies, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.

Compare OANDA vs IC Markets Commission And Fees

OANDA and IC Markets are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled better. In other words, an internet broker isn't necessarily affected by the amount of customers they have.

But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of penalties for this objective.

The first sort of charges to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In such cases, you're spending a spread, funding speed, or even a commission. The kinds of trading fees and the rates differ from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight rates are those that are charged when you hold a leveraged position for more than a day.

Apart from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake in your accounts. They are billed for surgeries like depositing money, 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 agents charge for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, for example daily or weekly trading.

However, non-trading fees charged by OANDA and IC Markets are relatively competitive. Consequently, you're billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These aren't related to the sale and purchase of assets.

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

Compare Broker Fees For OANDA And IC Markets

What Languages Do OANDA And IC Markets Support?

Being able to chat easily with your online broker is a key element when comparing brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.

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

How Many Clients Do OANDA and IC Markets Have?

Both OANDA and IC Markets are well established with their customer base. It is really important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many clients 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 while IC Markets offers 232.

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