OA

OANDA

8.6

Established broker with excellent research tools and no minimum deposit.

Winner: IC Markets
VS
IC

IC Markets

9.2

Ultra-low spreads with true ECN execution, ideal for scalpers and algo traders.

Quick Verdict

OANDA and IC Markets are both top-tier forex brokers, but they cater to slightly different audiences.OANDA excels in platform variety and educational resources, while IC Markets stands out for its competitive fee structure. For scalpers and algo traders, IC Markets is the better choice. For traders who value platform flexibility, IC Markets has the edge.

Full Comparison

FeatureOANDAIC Markets
Min Deposit$0$200
Max Leverage1:2001:500
Spread From1.0 pips0.0 pips
PlatformsMT4, TradingView, OANDA TradeMT4, MT5, cTrader
RegulatorsFCA, ASIC, IIROC, MASASIC, CySEC, FSA
Account TypesStandard, PremiumRaw Spread, Standard
Founded19962007
HeadquartersNew York, USASydney, Australia
Overall Rating8.69.2

Score Breakdown

Fees

A
7.5
B
9.5

Platforms

8.5
9.0

Regulation

9.5
9.2

Support

8.5
7.8

Education

9.0
6.5

Execution

8.0
9.8
OANDA
IC Markets

When to choose OANDA

  • No minimum deposit requirement
  • Excellent research and market analysis tools
  • Long track record since 1996

When to choose IC Markets

  • Ultra-low spreads from 0.0 pips
  • True ECN execution with deep liquidity
  • Wide range of platforms including cTrader
  • Fast execution speeds under 40ms
Read full OANDA reviewRead full IC Markets review

FAQ