Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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OANDA US
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IC Trading
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OANDA is a well-known broker that excels in quick trade executions, a low deposit requirement, and impressive charting and trading platform functions. The highly-regarded brand has over 25 years of expertise and is overseen by reliable authorities like the NFA/CFTC. It provides 24/7 support for traders and offers flexible contract sizes with automated trade executions. | IC Trading, a component of the larger IC Markets group, is designed for high-level traders. It offers favorable spreads, dependable order execution, and sophisticated trading instruments. However, it's registered in Mauritius, an offshore financial center with limited regulation, which allows it to provide high leverage. | |
| Instruments | Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA) | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $200 |
| Trading Platforms | OANDA Trade, MT4, TradingView, AutoChartist | MT4, MT5, cTrader, AutoChartist, TradingCentral |
| Payment Methods | ACH Transfer, Debit Card, Mastercard, Visa, Wire Transfer | Credit Card, Debit Card, Mastercard, Neteller, PayPal, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | NFA, CFTC | FSC |
| Account Currencies | USD, EUR, GBP, AUD, JPY, CHF, HKD, SGD | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
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| Mobile Apps | iOS & Android | iOS & Android |
| App Review | OANDA's app excels with its customizable interface, allowing you to tailor the trading experience to your strategy by setting custom notifications and adjusting chart sizes and overlays. This personalization, along with quick response to market changes, risk management, and alerts on significant market events, makes it a market leader. | IC Trading offers a selection of powerful apps for trading on different devices. While there's no proprietary app, MetaTrader 4/5 and cTrader apps are available for mobile use. These reliable apps provide advanced charting tools, enable quick trade execution, and allow for thorough market analysis on the go. |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 2% | |
| Account Types | ECN | |
| AI / Machine Learning | ✓ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✗ | ✗ |
| Market Maker | ✓ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, cBots on cTrader |
| Copy Trading | ✗ | ✗ |
| Social Trading | ✗ | ✗ |
| VPS Hosting | ✗ | ✓ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | |
| Islamic Account | ✗ | ✓ |
CFD Trading | ||
IC Trading is a CFD trading company with more than 2,250 assets in markets like forex, commodities, indices, stocks, and bonds. By using profound liquidity and innovative bridge technology, the firm offers outstanding trading conditions for traders seeking leveraged derivatives. | ||
| Leverage | 1:50 | 1:500 |
| FTSE Spread | 2.133 | |
| GBPUSD Spread | 0.23 | |
| Oil Spread | 0.028 | |
| Stocks Spread | Variable | |
Forex Trading | ||
OANDA provides an impressive assortment of 68 currency pairs. Their custom trading platform features robust trading tools through advanced TradingView charts. It includes over 65 technical indicators and 11 adjustable chart types, superior to many other options. | IC Trading offers competitive forex spreads across more than 60 currency pairs, especially on important assets such as EUR/USD. This makes it a great choice for forex traders looking for excellent pricing and fast execution. Traders with high volumes can also benefit, with rebates of up to $2.50 per forex lot. | |
| GBPUSD Spread | 3.4 | 0.2 |
| EURUSD Spread | 1.6 | 0.1 |
| EURGBP Spread | 1.7 | 0.3 |
| Assets | 65+ | 60+ |
Cryptocurrency Trading | ||
Cryptocurrency trading is available through Paxos, an entity distinct from Oanda. This allows traders to speculate on major cryptocurrencies by market cap. The start rate for commissions is lower than many others, starting at 0.25%. In collaboration with Paxos, customers can trade cryptocurrencies on the itBit exchange directly through OANDA's platform. | You can trade more than 20 top cryptocurrencies with a leverage of up to 1:200 every day of the week. However, direct trading of assets such as buying Bitcoin or Ethereum is not supported. This platform's range of tokens is less extensive than Eightcap, our 'Best Crypto Broker' award winner, which provides over 100 crypto derivatives. | |
| Crypto Spread | $100 | Floating |
| Crypto Coins | BTC, ETH, LTC, BCH, PAXG, LINK, UNI, AAVE | BTC, ETH, DSH, LTC, BCH, XRP, EOS, EMC, NMC, PPC, DOT, XLM, LINK, DOGE, XTZ, UNI, ADA, BNB, AVAX, LUNA, MATIC, GLMR, KSM |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |