IC Markets and OANDA are two of the world's leading online brokers with similar services but different in some categories。Both companies are heavily regulated by the various financial institutions where they operate, which increases their credibility and reliability.。

IC Markets, though not publicly listed, are relatively trustworthy。However, it is regulated by a primary financial organization (high trust), a secondary financial organization and a tertiary financial organization.。The Tier 1 financial institution that oversees IC Markets is the Australian Securities and Investments Commission (ASIC), which is essentially an average risk brokerage firm。

Similar to IC Markets, OANDA is not publicly listed。However, in contrast to IC Markets, OANDA is regulated by six Tier 1 financial organizations and has no Tier 2 or Tier 3 regulators, including the UK Financial Conduct Authority (FCA), the Canadian Investment Industry Regulatory Authority (IIROC), the Monetary Authority of Singapore (MAS), the Australian Securities and Investments Commission (ASIC), the Japan Financial Services Authority (JFSA) and the US Commodity Futures Trading Commission (CFTC).。

IC Markets vs OANDA

How about trading tools？

We will examine trading tools in terms of platforms, analytics, mobile trading, research and education.。In terms of research functions, OANDA provides a better market research experience, as do mobile apps and trading tools, as they are designed to provide traders with an overall excellent trading experience。

Trading platform

	IC Markets	OANDA
Network Platform	✔️	✔️
Desktop Platform (Windows)	✔️	✔️
Own platform	❌	✔️
MetaTrader 4 (MT4)	✔️	✔️
MetaTrader 5 (MT5)	✔️	✔️
ZuluTrade	✔️	✔️
cTrader	✔️	❌
DupliTrade	❌	❌

Trading instruments

	IC Markets	OANDA
Notification - Basic Field	✔️	✔️
Watch List - Total Fields	7	6
Charting - Trading from Charts	✔️	✔️
Demo Account	✔️	✔️
Drafting - automatic saving of drawings	✔️	✔️
Drafting - Total number of drawing tools	15	431
Charting - Total number of indicators	30	81

Mobile transactions

	IC Markets	OANDA
Android App	✔️	✔️
Apple iOS App	✔️	✔️
Watch List	✔️	✔️
Synchronized Watch List	❌	❌
Notification - Basic Field	✔️	✔️
Charting - Draw Trend Lines	✔️	✔️
Charting - Moving Trend Lines	❌	✔️
Chart - Multiple Time Frames	✔️	✔️
Forex Calendar	✔️	✔️
Chart - Indicators	30	33
Drafting - automatic saving of drawings	❌	✔️

研究

	IC Markets	OANDA
Forex News (Top Source)	✔️	✔️
Economic calendar	✔️	✔️
Delkos Research	❌	❌
Daily Market Review	✔️	✔️
social mood-currency pair	✔️	✔️
Autochartist	✔️	✔️
Trading Centre (Recognia)	✔️	❌

Education

	IC Markets	OANDA
Education (Forex or CFDs)	✔️	✔️
Webinar Playback	✔️	✔️
Customer Webinars	✔️	✔️
investor dictionary (glossary)	✔️	✔️
Primary Trading Video	❌	✔️
Advanced Trading Video	❌	✔️

How many optional currency pairs and CFDs are available？

IC Markets offers 61 currency pairs to customers, while OANDA offers 71。In terms of CFDs, IC Markets offers traders more than 3,500 CFDs, while OANDA offers only 124, with a wide range of products.。

	IC Markets	OANDA
Forex Trading	✔️	✔️
Total foreign exchange pairs	61	71
CFD Trading	✔️	✔️
Total number of CFDs	3583	124
US Stock Trading (Non-CFD)	❌	❌
International Stock Trading (Non-CFD)	❌	❌
Social Trading / Copy Trading	✔️	❌
Cryptocurrency (physical)	❌	❌
Cryptocurrency (CFD)	✔️	✔️
Encryption Disclaimer (UK)	Retail traders and UK residents (except professional traders) of any broker's UK entity cannot use Crypto CFDs。	Retail traders and UK residents (except professional traders) of any broker's UK entity cannot use Crypto CFDs。

How to pay？

To make it easier for customers to deposit and withdraw money, IC Markets offers a variety of options after a trader opens an account, some of which include Skrill, wire transfer, FasaPay, Neteller, credit / debit cards, BPay and China UnionPay。At the same time, no minimum deposit is required to register OANDA。

	IC Markets	OANDA
Minimum deposit	200美元	0.00 美元
Visa / Mastercard (Credit / Debit Card)	✔️	✔️
PayPal (deposit / withdrawal)	✔️	✔️
Bank wire transfer (deposit / withdrawal)	✔️	✔️
Skrill (deposit / withdrawal)	✔️	✔️

About the original spread

Comparing transaction costs between different brokers, especially forex and CFD trading, can be slightly more complicated because pricing structures vary and not every broker provides its average spread data.。However, based on available information, IC Markets offers traders lower transaction costs and better overall pricing。

IC Markets' competitive pricing means it offers traders a raw spread better than OANDA。It is necessary to point out that IC Markets does offer raw spread accounts, providing traders with a better platform to enjoy their very tight spreads。The original spread account is aimed at experienced traders seeking to stabilize ultra-low spreads.。

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IC Markets is a company in International Capital Markets Pty Ltd..Online Forex Brokerage Company operated under。Brokers under Australian jurisdiction offer trading services in IC Markets-AU, based in Australia and licensed by ASIC。

Non-Australian traders, on the other hand, are registered under the Seychelles-based IC Markets SEY and are regulated by the SFSA.。This dual operation is ASIC's new rule, which prohibits its regulated brokers from offering trading services outside Australia.。

IC Markets, known as ECN Broker, offers clients optional trading platforms such as MetaTrader 4, MetaTrader 5 and cTrader。The broker follows market trends and includes cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

IC Markets has a medium minimum deposit of $200 compared to other ASIC regulated brokers。Market analysis materials are also regularly published on the official website of IC Markets, demonstrating its ability to provide traders with specialized market expert content。

For payment methods, IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。It also supports 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.。

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

In summary, IC Markets is a well-regulated broker with flexible base currencies and payment methods, welcoming traders from outside the country.。By the end of 2019, IC Markets had 18 foreign language websites available, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

The original spread account provided by IC Markets has the lowest spread in the market, with an average spread of 0 for EUR / USD.1 point, while paying only 3 per hand per side.A small commission of $50, or an integer commission of $7。The IC Markets Raw Spread account is highly liquid and orders are executed quickly, making it ideal for day traders, scalpers and expert advisors.。The original spread account has the following characteristics:

Original Pricing

Original pricing enables IC Markets to offer market pricing and best trading conditions to customers through MT4 and MT5 platforms。Raw pricing creates a trading environment that allows traders to enjoy almost the same institutional-level pricing as the world's most important execution venues。

IC Markets is able to do this because it obtains an executable streaming price (ESP) from a pricing provider and then provides it to customers without the need for trading desks, re-quotations or price manipulation, making it The first choice for large traders, scalpers and robots who need narrow spreads and the most efficient execution。

Secondary Pricing - Depth of Market

Depth of Market displays all executable prices as sent directly by the IC Markets price provider。In this way, the broker can achieve full transparency of the liquidity of each forex currency pair by showing the available trading volume at each price level for any given period。High levels of liquidity, low latency and asynchronous spot prices ensure customers get the narrowest possible spread。

Point difference 0.From 0 o'clock

Among global forex brokers, IC Markets has the narrowest spreads, with zero spreads on both MetaTrader 4 and 5 platforms.From 0 o'clock。In addition, the average spread of EUR / USD is 0.1 point, making it one of the world's narrowest average EUR / USD spread brokers。

This is possible because IC Markets' pricing connectors bring together a price mix of about 25 different suppliers to continuously obtain the best prices for customers while maintaining small spreads, especially during high volatility periods。

Fast order execution

IC Markets does this by locating servers for the MetaTrader 4 and 5 platforms in the Equinix NY4 data center in New York。The NY4 data center is known as the financial ecosystem because it houses more than 600 exchanges, buyer-seller companies, trading venues, market data and service providers.。

The servers of MetaTrader 4 and MetaTrader 5 are cross-connected to the broker's communication network to ensure low latency and high-speed execution of trades through the trading environment of IC Markets。

In terms of latency, registering an account with IC Markets means that the transaction latency value is less than 1 millisecond, creating a perfect environment for automated trading, large transactions and scalping.。

No trading restrictions

The MetaTrader 4 and 5 platforms offered by IC Markets have no restrictions on trading, as the broker offers the best trading conditions for high-frequency trading and scalping worldwide.。This allows traders to place orders between spreads because there is no minimum order placing distance and a freezing level of 0。As a result, traders can place orders (even stop orders) close to the market price as they wish.。

IC Markets also allows hedging of trading positions, and traders can enjoy the benefits of margin netting because they don't have to worry about paying margin for hedging trades.。

Flexible trading lots

IC Markets does not limit the number of trading lots and can be made in an IC Markets trading account as small as 1 microlot (0.01 ） 的交易。Interested traders can take advantage of this lot size flexibility to conduct a minimal risk trial run on the platform, while also managing the size of their trades based on their account balances。

Conclusion

The above discussion compares the characteristics of IC Markets and OANDA, and also takes a comprehensive look at the characteristics of the original spread account provided by IC Markets. Based on the above discussion, it is clear that if you are a trader and are looking for one of the best brokers in the market for original spreads, then IC Markets is your best choice。

OANDA is a trusted global brand known for its reputation and excellent market research。It also has a strong track record in regulation, with support for third-party features enhancing its overall service.。

Nevertheless, IC Markets "extremely competitive pricing and scalable execution capabilities make it an excellent choice for algorithmic trading。The structure and design of IC Markets is very suitable for providing this service, especially when you are interested in scalping or other forms of high-frequency trading。

Strict spreads greatly reduce the transaction costs for traders to make a large number of trades.。The high volatility of financial markets can cause them to move in directions that are sometimes favorable and sometimes unfavorable to traders, so look for brokers with high-speed execution accounts that can adjust trading positions whenever they need to be done quickly without affecting profit opportunities, while having a raw spread account ensures that。