IC Markets vs OANDA 2026
By Akash · Facts re-checked (UTC)
Here is how IC Markets and OANDA compare on regulation, costs and platforms.
IC Markets is a CFD broker offering MetaTrader 4, MetaTrader 5, cTrader and TradingView with Standard and Raw Spread accounts; its global site is operated by Raw Trading Ltd, licensed by the FSA Seychelles.
73.46% of retail CFD accounts lose money with this provider.
OANDA Europe Limited is authorised and regulated by the FCA (FRN 542574) and offers forex and CFDs on OANDA web and mobile, MT4, MT5 and TradingView.
76.6% of retail CFD accounts lose money with this provider.
Side by side
| IC Markets | OANDA | |
|---|---|---|
| Regulators | FSA Seychelles | FCA |
| Minimum deposit | USD 200 (or currency equivalent) | No minimum deposit (OANDA Europe Limited, UK) |
| Spreads from | from 0.0 pips (Raw Spread) | 0.6 pips EUR/USD (UK) |
| Platforms | OANDA webOANDA mobile | |
| Retail accounts losing money | 73.46% | 76.6% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: IC Markets review · OANDA review.
Frequently asked questions
What is the minimum deposit at IC Markets and OANDA?
IC Markets: USD 200 (or currency equivalent). OANDA: No minimum deposit (OANDA Europe Limited, UK).
Are IC Markets and OANDA regulated?
IC Markets: FSA Seychelles. OANDA: FCA.
Which has tighter spreads, IC Markets or OANDA?
Published spreads start from from 0.0 pips (Raw Spread) at IC Markets and 0.6 pips EUR/USD (UK) at OANDA.
More IC Markets comparisons
More OANDA comparisons
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning