IC Markets vs Oanda 2026: which is better?
We compared IC Markets and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- IC Markets offers a swap-free Islamic account; Oanda does not.
- IC Markets offers cTrader, which Oanda does not.
- Oanda holds 7 licences from strong regulators, against 1 for IC Markets.
Comparison table
| Comparison table |
IC Markets
Broker
|
Oanda
Broker
|
|---|---|---|
| Licences | ASIC, CySEC, FSA, SCB | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) Best |
| Minimum deposit | $0 | $0 |
| Maximum leverage | 1:5000 | 1:888 |
| Trading platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader, Mobile App | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices |
| Islamic account | ✓ Yes | — |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | ✓ Yes | ✓ Yes |
| Founded | 2007 | 1996 |
| Headquarters | Sydney, Australia | — |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose IC Markets if you
- need a swap-free Islamic account
- use cTrader
Choose Oanda if you
- want more licences from strong regulators
Frequently asked questions
Which is better, IC Markets or Oanda?
We compared IC Markets and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. IC Markets offers a swap-free Islamic account; Oanda does not. IC Markets offers cTrader, which Oanda does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are IC Markets and Oanda regulated?
IC Markets licences: CySEC, ASIC, FSA, SCB. Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG).
What is the minimum deposit at IC Markets and Oanda?
IC Markets: $0. Oanda: $0.
Do IC Markets and Oanda offer an Islamic account?
IC Markets: Yes. Oanda: No.