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IC Markets vs OANDA

Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.

IC Markets rating

4.7

OANDA rating

4.6

Score gap

4 pts

Matchup

Head to head

Winners by category

Pricing & spreads

IC Markets leads— Edge for IC Markets (102.4 vs 96.2).

Regulation breadth

OANDA leads— Edge for OANDA (94.5 vs 76.5).

User experience

IC Markets leads— Edge for IC Markets (73.6 vs 72.1).

Editorial composite

IC Markets leads— Edge for IC Markets (107.1 vs 102.8).

Full comparison table

Rating

IC Markets

4.7

OANDA

4.6

Model score

IC Markets

OANDA

Regulation

IC Markets

ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), SCB (Bahamas)

OANDA

CFTC/NFA (USA), FCA (UK), ASIC (Australia), MAS (Singapore), IIROC (Canada), CIRO (Canada), JFSA (Japan)

Spreads

IC Markets

Raw spreads starting from 0.0 pips on EUR/USD. Low-latency Equinix NY4 & LD5 data center server execution designed for high-frequency trading and EAs.

OANDA

Spreads start from 0.0 pips on Core + Commission accounts, and from 1.0 pips on Standard Core accounts. Fully automated V20 execution engine with zero requotes.

Fees

IC Markets

Raw Spread Account: Spreads from 0.0 pips + $3.50 commission per lot per side ($7.00 round turn). Standard Account: Commission-free with spreads from 0.8 pips. cTrader Raw: Spreads from 0.0 pips + $3.00 commission per $100k.

OANDA

Core Pricing: Spread-only pricing (average EUR/USD ~1.0 – 1.2 pips). Core + Commission: Raw spreads from 0.0 pips + $3.50 commission per side ($7.00 round turn). No deposit or withdrawal fees.

Platforms

IC Markets

MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, WebTrader

OANDA

fxTrade Web/Mobile, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView

Account types

IC Markets

Standard, Raw Spread (MT4/MT5), Raw Spread (cTrader/TradingView), Swap-Free (Islamic), Demo

OANDA

Standard Core, Core + Commission, Premium / Elite Trader, Demo Account

Min deposit

IC Markets

$0 (Recommended starting deposit: $200)

OANDA

($0 )No minimum in some regions

Topic	IC Markets	OANDA
Rating	4.7	4.6
Model score	93	89
Regulation	ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), SCB (Bahamas)	CFTC/NFA (USA), FCA (UK), ASIC (Australia), MAS (Singapore), IIROC (Canada), CIRO (Canada), JFSA (Japan)
Spreads	Raw spreads starting from 0.0 pips on EUR/USD. Low-latency Equinix NY4 & LD5 data center server execution designed for high-frequency trading and EAs.	Spreads start from 0.0 pips on Core + Commission accounts, and from 1.0 pips on Standard Core accounts. Fully automated V20 execution engine with zero requotes.
Fees	Raw Spread Account: Spreads from 0.0 pips + $3.50 commission per lot per side ($7.00 round turn). Standard Account: Commission-free with spreads from 0.8 pips. cTrader Raw: Spreads from 0.0 pips + $3.00 commission per $100k.	Core Pricing: Spread-only pricing (average EUR/USD ~1.0 – 1.2 pips). Core + Commission: Raw spreads from 0.0 pips + $3.50 commission per side ($7.00 round turn). No deposit or withdrawal fees.
Platforms	MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, WebTrader	fxTrade Web/Mobile, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView
Account types	Standard, Raw Spread (MT4/MT5), Raw Spread (cTrader/TradingView), Swap-Free (Islamic), Demo	Standard Core, Core + Commission, Premium / Elite Trader, Demo Account
Min deposit	$0 (Recommended starting deposit: $200)	($0 )No minimum in some regions