Head-to-head comparison

IC Markets vs OANDA

A side-by-side look at IC Markets and OANDA — score, fees, platforms and who each one actually fits best.

IC Markets

Top global candidate

★ ★ ★ ★ ★★4.9

Active partner program; confirm the available legal entity and trading conditions for your country.

OANDA

Best data-and-trust brand

★ ★ ★ ★ ★ 4.4

Partner link pending; less copy-trading focused than others

Quick verdict

IC Markets scores higher overall (4.9 vs 4.4), but a higher score doesn't automatically mean it's the right pick for you.

IC Markets is the stronger fit for low-spread trading, scalping, MT4/MT5/cTrader workflows, while OANDA is built more around traders who value a long operating history and strong market data brand.

Regulation: IC Markets — Global group with multiple regulated entities. OANDA — Major global entities; region-specific availability.

Minimum deposit: IC Markets — Commonly from $200, depending on entity. OANDA — Varies by region and entity.

Side by side

IC MarketsOANDA

Best forLow-spread trading, scalping, MT4/MT5/cTrader workflowsTraders who value a long operating history and strong market data brand

PlatformsMT4, MT5, cTrader, TradingViewOANDA platform, MT4, TradingView integrations in supported regions

RegulationGlobal group with multiple regulated entitiesMajor global entities; region-specific availability

Minimum depositCommonly from $200, depending on entityVaries by region and entity

IC Markets strengths

Raw spread model
Deep platform choice
Strong partner program

OANDA strengths

Strong brand trust
Affiliate program
Good fit for conservative comparisons

Which one should you pick?

Pick IC Markets if you're mainly after low-spread trading, scalping, MT4/MT5/cTrader workflows. It stands out for raw spread model and deep platform choice.

Pick OANDA if you're mainly after traders who value a long operating history and strong market data brand. It stands out for strong brand trust and affiliate program.

Common questions