IC Markets vs OANDA
A side-by-side comparison built from each broker's own published record — licenses checked against official registers, terms quoted from their own pages, with the source linked on every claim.
| Regulation | Financial Services Authority · Cyprus Securities and Exchange Commission · Australian Securities and Investments Commission | CFTC / NFA · FCA · ASIC · MAS · CIRO · Kanto Local Financial Bureau · BVI Financial Services Commission · KNF |
| License no. | Financial Services Authority SD018 (Raw Trading Ltd, trading as IC / IC Markets Global; Seychelles company reg. 8419879-1) Cyprus Securities and Exchange Commission 362/18 (IC Markets (EU) Ltd) Australian Securities and Investments Commission AFSL 335692 (International Capital Markets Pty Ltd, registration 123 289 109) | CFTC / NFA NFA No. 0325821 FCA No. 542574 ASIC AFSL No. 412981 (ABN 26 152 088 349) MAS Capital Markets Services Licence (licence number not printed; Co. Reg. No 200704926K) CIRO not printed on site (CIRO member; CIPF-protected) Kanto Local Financial Bureau Kinsho Registration No. 2137 BVI Financial Services Commission SIBA/L/20/1130 (company no. 2026433) KNF authorization of April 26, 2004 (KPWiG-4021-54-1/2004) |
| Founded | 2007 | 1996 |
| Minimum deposit | $0 | $0 |
| EUR/USD spread from | 0.0 pips (Raw Spread account, commission $3.50/lot per side; broker states average EURUSD spread 0.1 pips). Standard account from 0.8 pips, no commission. | EUR/USD from 1.0 pip (spread-only Standard account) or 0.1 pip + commission (Core pricing) — OANDA Global Markets (BVI), https://www.oanda.com/bvi-en/cfds/our-pricing/ |
| Leverage | FSA Seychelles: Up to 1:5000 on FX majors, tiered by exposure (1:5000 to 25 lots, then 1:3000 / 1:1000 / 1:500); gold 1:2000; indices 1:200; crypto 1:500; stocks 1:20. Reduced during higher-margin periods. CySEC: 1:30 | FCA (UK): Retail 30:1 major forex (3.33% margin); 20:1 non-major forex and gold (5.00% margin) BVI: 200:1 |
| Gulf Payments | ||
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | OANDA Trade web/desktop portal, OANDA Mobile app (fxTrade), MetaTrader 5, TradingView |
| Broker-published claim | Withdrawal requests cut off time is 12:00 AEST/AEDT. If your withdrawal is submitted before this time it will be processed on the day of receipt; if submitted after, it is processed the following business day. Card withdrawals may take 3-5 business days to arrive (up to 10 in rare cases); international bank wires may take up to 14 days and can incur intermediary/beneficiary fees. IC does not charge additional fees for deposits and/or withdrawals. [Source] | Credit/debit cards: one to three business days; Skrill and Neteller: within one business day; bank or wire transfer: within two to five business days (financial institution may take additional time). [Source] |
| Withdrawal methods | Credit/Debit Cards (Visa, Mastercard), Bank Wire Transfer, PayPal, Skrill, Neteller, WebMoney, FasaPay, POLi, BPAY, RapidPay, Klarna, Thai Internet Banking, Vietnamese Internet Banking | Visa/Mastercard credit and debit cards, Bank/wire transfer (incl. Wise), Skrill, Neteller, Local alternative payment methods (deposit only; withdrawn back via bank transfer) |
| Crypto deposits/withdrawals | Yes | No |
| Islamic Accounts | Yes | Yes |
| Measured by us | Testing in progress | Testing in progress |
| Accepts clients from | Australia, Germany, Italy, Saudi Arabia | Australia, Hong Kong, United Kingdom, Singapore, Thailand, Mexico, Taiwan, United Arab Emirates, Germany, Malaysia, Colombia, Italy, Vietnam, Chile, Indonesia |
| Open account | Open account |
We do not name a winner here. The two records sit side by side because the right answer depends on where you live, what you trade, and which entity would onboard you — all of which the table shows.
By Country
- IC Markets + OANDA: Australia, Germany, Italy
- IC Markets Yes / OANDA No: Saudi Arabia
- OANDA Yes / IC Markets No: Hong Kong, United Kingdom, Singapore, Thailand, Mexico, Taiwan, United Arab Emirates, Malaysia, Colombia, Vietnam, Chile, Indonesia
Is IC Markets or OANDA better?
Neither is better in the abstract. Compare the rows that apply to you: whether each broker accepts clients from your country, which entity and regulator you would be onboarded under, the minimum deposit, and how withdrawals work on the rail you would actually use.
Which is safer, IC Markets or OANDA?
Safety follows the entity that holds your money, not the brand. Both records list every regulator and license number each broker publishes — check which entity serves your country, then verify that license on the regulator's own register.