IC Markets has a standard account with good execution and other attractive trading conditions, how does it compare to Oanda's standard account？

IC Markets and OANDA are two of the world's most popular forex brokers with a reputation for being regulated by top financial institutions and having a large number of clients worldwide.。Both brokers offer standard accounts, the easiest type of account a trader can open, with specific features that traders can take advantage of。This article will compare the standard accounts of two brokers with their similarities and differences.。

IC Markets Standard Account

Standard accounts offered by IC Markets have specific features that enable brokers to consistently deliver an unparalleled trading experience to their clients。

Fast Order Execution

IC Markets offers MetaTrader 4 and MetaTrader 5 trading platforms with their respective servers located in the Equinix NY4 data center in New York。This Equinix NY4 data center is home to several trading companies and exchanges as well as market data and other trading service providers。As a result, the connection between the broker network and the platform server enables low latency and fast execution of trades。

The average latency of MetaTrader 4 and 5 trading servers provided by IC Markets is less than 1 millisecond. This low-latency trading environment is very suitable for automation and high-frequency trading (also known as scalping)。Traders can also place traders between spreads because the freeze level is zero and the minimum order distance is lacking。Pending orders, including stop-loss orders, can therefore be initiated at a price as close to the market price as possible, depending on the trader's preference.。

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IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

In short, IC Social is an all-in-one mobile app that allows traders to execute trades, copy professional traders, and interact seamlessly with other users.。To use the app you need to open a real MT4 trading account。The account type is not important and can be a standard account or an original account, although the latter is usually more popular with retail traders due to its lower commission structure。

No trading restrictions

IC Markets has no restrictions on trading, meaning traders are free to choose any strategy they like and are confident of making a profit.。In addition, trading positions can be hedged because IC Markets does not apply first-in, first-out (FIFO) rules。As a result, traders do not have to pay margin for hedging transactions to gain the benefits of using margin netting。

Depth of Market

This is another important feature provided by IC Markets on its standard account, which shows the full executable price directly from the pricing provider。Depth of Market provides full transparency to the liquidity of each currency pair by showing the available trading volume at each price level for any given period。The high liquidity provided by the depth of the market, as well as asynchronous spot prices and low latency, ensure that brokers provide the smallest possible spread。

flexible deposit and withdrawal

Opening a trading account in IC Markets is very simple. After completion, traders can use any of the various financing options provided by the broker to deposit or withdraw money after obtaining sufficient profits. Funding options include wire transfer, credit / debit card, Bpay, Skrill, Neteller, FasaPay and China UnionPay。

Flexible transaction size

IC Markets does not impose any restrictions or constraints on the size of their traders' trades, and traders can make as little as a micro-lot (0.01) of the transaction。Flexible lot sizes allow traders to try the platform with minimal risk, while also managing trade sizes based on account balances。

Available financial instruments

The IC Markets standard account offers financial instruments including 60 currency pairs, 16 commodity CFDs and major indices such as the Dow Jones and FTSE 100, which can be traded 24 hours a day with spreads as low as 0.5 points。

Leverage up to 1: 500

Traders can get up to 1: 500 leverage on the MetaTrader 4 and 5 platforms provided by IC Markets. Traders can take advantage of this, incorporate it into their own trading style, and increase the full use of trading strategies. Opportunities for huge profits。

Support Primary Account Currency

The broker recognizes that some clients prefer to trade in local currencies, so traders can open accounts in any of the 10 base currencies supported by the broker, including USD, GBP, AUD, JPY yen, EUR Euro, NZD New Zealand dollar, CAD Canadian dollar, CHF Swiss franc, SGD Singapore dollar and HKD Hong Kong dollar。

OANDA Standard Account

Similar to the standard accounts offered by IC Markets, the OANDA standard account has specific features tailored specifically to provide traders with the best trading conditions。First, OANDA supports more than 200 financial instruments, including 70 foreign exchange pairs and CFDs for a range of major indices, commodities and bonds.。There is no minimum balance requirement, but traders still have to deposit funds to trade。

The maximum leverage is 1: 30, which traders can use to increase the likelihood of profitability。Since leverage is still a double-edged sword that can amplify both profits and losses, traders need to realize that trading decisions should not be guided by greed or impatience, but by logical thinking and adaptability to market changes.。

The OANDA standard account also supports fully automated order execution, providing traders with a smooth trading experience。This is further complemented by 24 / 5 customer support, ensuring the timely handling of any trader inquiries and complaints。

Spread from 1.from 1 o'clock, while no commission is charged for transactions executed。Traders should note, however, that without full account verification, total account deposits in OANDA standard accounts will not reach $9,000 and above.。Position size is also flexible, with a minimum order size of 0.01 lots, allowing traders with lower trading capital to trade multiple lots。The account also has a 50% stop loss level and a one-click trading function, which traders can use to maximize profits。

In addition, the standard account does not limit the types of strategies that traders can use, as all types of strategies are allowed。There are three trading platforms for traders to choose from: MT4, MT5 and fxTrade, with base currencies including USD USD, EUR, SGD Singapore Dollar, HKD HKD, and traders can also benefit from MT4 and MT5 premium apps as well as Acuity's signal center.。

Comparison of two standard accounts

These two standard accounts do not limit the flexibility or freedom of traders to use any trading method, while ensuring a trading environment that is very conducive to profitable trading。In addition, both IC Markets and OANDA are flexible in terms of position size, allowing traders to open as low as 1 micro (0.01) Trading positions in lots, thus providing traders with little money with the opportunity to make a profit in the financial markets.。

They all offer a variety of financial instruments for traders to choose from, including asset classes such as foreign exchange and CFDs for commodities, indices and bonds.。

However, in terms of leverage, the IC Markets standard account provides higher leverage than OANDA; IC Markets supports up to 1: 500 leverage, while OANDA provides 1: 30 leverage, and there is a big difference between the two。In addition, there are only two trading platforms, MT4 and MT5, on IC Markets, while OANDA offers the same trading platform, but with an additional fxTrade。IC Markets standard account supports more base currencies (10), while OANDA standard account only supports 4。

Standard Account	IC Markets	OANDA
💎lot size	0.01 Hands up	0.01 Hands up
Trading instruments	60 foreign exchange pairs, 16 commodity CFDs and major indices	More than 200 instruments, 70 foreign exchange pairs and a collection of CFDs for major indices, commodities and bonds
⚖Leverage	1:500	1:30
💻Platform	MetaTrader 4, MetaTrader 5	MetaTrader 4, MetaTrader 5, fxTrade
🔢Point difference	0.From 5: 00	1.From 1: 00
💰Minimum deposit	200美元	None
💲Account Currency	USD USD, GBP Pound Sterling, AUD Australian Dollar, JPY Japanese Yen, EUR Euro, NZD New Zealand Dollar, CAD Canadian Dollar, CHF Swiss Franc, SGD Singapore Dollar, HKD Hong Kong Dollar	USD USD, EUR, SGD Singapore Dollar, HKD Hong Kong Dollar
🔁Hedging	✔️	✔️
📊Scalp	✔️	✔️
🤖EA	✔️	✔️

Overall, the two standard accounts offered by IC Markets and OANDA are suitable for traders who value their similar features and some unique features。They are extremely attractive to traders given their strong global reputation and quality of service。Ultimately, this depends on the trader's preference, as the accounts of both brokers offer almost the same large amount of maximized returns。

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In addition to standard accounts, both IC Markets and OANDA have low spreads that ensure traders can trade at low cost。