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Broker Comparison

IC Markets vs OANDA

Side-by-side comparison of IC Markets and OANDA on every dimension professional traders care about — from fees and leverage to regulators, scalping rules, and EA support. Updated May 2026.

Reviewed & ranked byTradingEdge IC License — Investment Consultant (Thai SEC) Strategic Partner of Top-Tier Brokers
Published April 1, 2026·Last updated May 3, 2026·See our review methodology
winner
IC
IC Markets
4.7 · Sydney, Australia

IC Markets is the world’s top ECN broker with 24+ Tier-1 liquidity providers. Founded in 2007 in Sydney, ECN execution makes it the favourite of every algo trader and high-volume scalper.

$8.5/lotSpread 0p1:500
OA
OANDA
4.5 · New York, USA / Toronto

OANDA is an American broker founded in 1996, the most established in the industry. Strongly regulated: CFTC + NFA + FCA + ASIC. Famous for institutional-grade execution and economic-data tools.

$6.5/lotSpread 0.1p1:50 (US) / 1:200 (Intl)
Verdict

IC Markets wins 6/13 categories — the better all-round choice.

IC Markets: 6 · OANDA: 4 · tied: 3
FieldIC MarketsOANDA
Rebate per lot$8.50 / lot$6.50 / lot
Spread from0 pips0.1 pips
Execution speed35 ms40 ms
Max leverage1:5001:50 (US) / 1:200 (Intl)
Min deposit$200$0
User rating4.7 / 5 (3,987)4.5 / 5 (4,520)
Trust score9.12 / 109.21 / 10
Execution typeECN / DMA AggregationMarket Maker / STP
Liquidity providers25+18+
RegulatorsASIC (AU) #335692 · CySEC (CY) #362/18 · FSA (SC) #SD018CFTC (US) · NFA (US) · FCA (UK) #542574
PlatformsMT4 · MT5 · cTrader · TradingView (Beta) · IC MobileMT4 · MT5 · OANDA Web · OANDA Mobile · TradingView · API
Payout frequencyรายวันรายเดือน
Withdrawal time1 - 24 ชม.1-2 วันทำการ
Swap-free / Islamic
Scalping allowed
EA / algo allowed
Negative balance protection
Strengths of IC Markets
  • Ultra-low spread (Raw 0.0 pips)
  • Sub-40ms execution — best for scalping
  • ASIC + CySEC + FSA regulation
  • cTrader + MT4 + MT5 all supported
  • Commission $7/lot for the Raw account
  • No Islamic account by default
Strengths of OANDA
  • Most established broker (28 years)
  • 4 Tier-1 regulators
  • No minimum deposit
  • Premium analysis tools
  • Spread wider than ECN brokers
  • No deposit bonus

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