Head-to-Head Comparison
IC Markets vs OANDA
Complete side-by-side comparison based on verified data from official sources. See which broker offers better trading conditions for your needs.
IC Markets
FSA
Est. 2007
VS
Score
3:1
OANDA
FCA
Est. 1996
Quick Summary
IC Markets (established 2007) and OANDA (established 1996) are both regulated forex and CFD brokers. Both brokers offer competitive spreads. Both brokers offer similar maximum leverage of 500:1. IC Markets has a lower minimum deposit requirement of $200.
Trading Conditions
Feature
IC Markets
OANDA
Min. Spread
0 pips
0 pips
Min. Deposit
$200
$0
Max Leverage
500:1
200:1
Execution
ECN/Direct Market Access
Market Maker
Instruments
2250+
100+
Founded
2007
1996
Headquarters
Australia
United States
Regulation & Licensing
IC Markets
FSA(SD018)
Seychelles
SCB(SIA-F201)
Bahamas
ASIC(335692)
Australia
OANDA
FCA(461819)
United Kingdom
NFA(0325821)
United States
MAS(CMS100231)
Singapore
ASIC(412981)
Australia
CIRO
Canada
FSC(SIBA/L/20/1130)
British Virgin Islands
Platforms & Features
Feature
IC Markets
OANDA
Platforms
MetaTrader 4, MetaTrader 5, cTrader, TradingView
OANDA Trade, MetaTrader 4
Copy Trading
VPS Hosting
Neg. Balance Protection
Islamic Account
Demo Account
Server Infrastructure
Metric
IC Markets
OANDA
Total Servers
5
2
Total Endpoints
40
7
Countries
8
4
Hosting Providers
Amazon/AWS, Liquidity Connect LLC, Vultr
Liquidity Connect LLC, Cloudflare, Beeks Financial Cloud
Account Types
IC Markets
Raw Spread (MT4/MT5)
Spread: 0 pipsMin: $200Lev: 500:1Comm: $3.5/lot side
Raw Spread (cTrader)
Spread: 0 pipsMin: $200Lev: 500:1Comm: $3/100k USD
Standard
Spread: 0.6 pipsMin: $200Lev: 500:1
OANDA
Standard
Spread: 0.6 pipsMin: $0Lev: 200:1
Core
Spread: 0 pipsMin: $0Lev: 200:1Comm: $5/100k
Verdict: IC Markets vs OANDA
Based on our verified data analysis, IC Markets has a slight edge in this comparison with a score of 3 vs 1.
Choose IC Markets for a lower entry barrier.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.