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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.

Broker 1

Broker 2

VS field	OANDA oanda.com CFD BrokerCrypto BrokerCrypto	IC Markets icmarkets.com Forex BrokerMulti Asset BrokerStock CFD
Decision summary
Overall score

Trust score	100	99

Cost score	71	85

Platform score	94	94

Withdrawal score	83	86

Best for	Needs verification	Experienced forex/CFD traders · Scalpers, day traders and algorithmic traders comfortable with high-risk leveraged products · Users who specifically need MT4/MT5, cTrader or Tradi…

Watch out	Needs verification	Long-term investors seeking physical stocks/ETFs · Beginners who need strong statutory investor compensation or negative balance protection · Residents of restricted countries or…

Trust & regulation
Regulators	CFTC/NFA, FCA, KNF/PFSA, MAS, CIRO, ASIC, Japan FSA, BVI FSC. Source	Financial Services Authority of Seychelles (FSA) Source
License numbers	Selected disclosed registration/license numbers: NFA 0325821; FCA 542574; ASIC AFSL 412981; MAS company registration 200704926K/CMS licence; OANDA TMS authorization of April 26, 2004 (KPWiG-4021-54-1/2004). Source	Securities Dealer license number SD018 Source
Regulated entities	OANDA Corporation; OANDA Europe Limited; OANDA TMS Brokers S.A.; OANDA Asia Pacific Pte Ltd; OANDA (Canada) Corporation ULC; OANDA Australia Pty Ltd; OANDA Japan Inc; OANDA Global Markets Ltd. Source	Raw Trading Ltd, registered in Seychelles (registration number 8419879-1), regulated by the Financial Services Authority of Seychelles with Securities Dealer license SD018. Source
Negative balance protection	Jurisdiction-dependent; verified for Canada/EU, not verified as general US trading protection. Source	No negative balance protection found for the reviewed global entity; IC says clients bear negative consequences and are responsible for any negative balance. Source
Investor compensation	Entity-dependent investor compensation/protection; US forex accounts not SIPC protected; Canada CIPF protection disclosed. Source	Client funds insurance up to US$1,000,000; no statutory investor compensation scheme found in reviewed official sources. Source
Restricted countries	OANDA discloses that it does not accept clients from some countries and that distribution/use may be restricted by local law, but a complete official restricted-country list was not found in the checked sources. Source	Raw Trading Ltd does not provide services to residents of the United States of America, Canada, New Zealand, Iran, North Korea (DPRK), or countries where distribution/use would be contrary to local law or regulation. Source

Trust & regulation

Regulators

CFTC/NFA, FCA, KNF/PFSA, MAS, CIRO, ASIC, Japan FSA, BVI FSC.

Source

Financial Services Authority of Seychelles (FSA)

Source

License numbers

Selected disclosed registration/license numbers: NFA 0325821; FCA 542574; ASIC AFSL 412981; MAS company registration 200704926K/CMS licence; OANDA TMS authorization of April 26, 2004 (KPWiG-4021-54-1/2004).

Source

Securities Dealer license number SD018

Source

Regulated entities

OANDA Corporation; OANDA Europe Limited; OANDA TMS Brokers S.A.; OANDA Asia Pacific Pte Ltd; OANDA (Canada) Corporation ULC; OANDA Australia Pty Ltd; OANDA Japan Inc; OANDA Global Markets Ltd.

Source

Raw Trading Ltd, registered in Seychelles (registration number 8419879-1), regulated by the Financial Services Authority of Seychelles with Securities Dealer license SD018.

Source

Negative balance protection

Jurisdiction-dependent; verified for Canada/EU, not verified as general US trading protection.

Source

No negative balance protection found for the reviewed global entity; IC says clients bear negative consequences and are responsible for any negative balance.

Source

Investor compensation

Entity-dependent investor compensation/protection; US forex accounts not SIPC protected; Canada CIPF protection disclosed.

Source

Client funds insurance up to US$1,000,000; no statutory investor compensation scheme found in reviewed official sources.

Source

Restricted countries

OANDA discloses that it does not accept clients from some countries and that distribution/use may be restricted by local law, but a complete official restricted-country list was not found in the checked sources.

Source

Raw Trading Ltd does not provide services to residents of the United States of America, Canada, New Zealand, Iran, North Korea (DPRK), or countries where distribution/use would be contrary to local law or regulation.

Source

Costs & account conditions
Minimum deposit	US official funding page states no minimum for ACH and no minimum or maximum for wire transfer; debit card has a $20,000 monthly maximum. Australia says standard/raw accounts require no minimum initial deposit. Global Markets account verification is not needed below US$9,000, but Premium eligibility starts at USD 10,000 deposit or volume criteria. Source	No minimum deposit requirement disclosed for opening a trading account. Source
Spread from	US spread-only pricing table lists EUR/USD at 1.4, USD/JPY at 1.4, etc.; non-US CFD accounts disclose lower from-spreads depending on entity/account. Source	Spreads from 0.0 pips on MetaTrader/cTrader Raw Spread platforms; Standard account spread starts from 0.8 pip. Source
Commission	Commission varies by jurisdiction/account/pricing plan; do not collapse into a single fee. Source	Standard: no commission, 0.8 pip markup. Raw Spread MetaTrader: USD $3.50 per lot per side / $7 round turn. cTrader/TradingView: USD $3 per $100,000 traded per side. Source
Maximum leverage	Maximum leverage is jurisdiction/instrument dependent; US maximum in checked examples is 50:1 on certain major FX pairs. Source	IC offers flexible leverage from 1:1 to 1:5000; leverage is dynamic and may change at any time. Source
Deposit fee	Deposit fees vary by method/entity; ACH no OANDA fee verified; bank/intermediary wire fees may apply. Source	IC does not charge additional deposit fees; bank/intermediary fees may apply. Source
Withdrawal fee	Withdrawal fees are method/account/entity dependent; debit card no-fee verified for US, bank transfer may have fees. Source	IC does not charge additional withdrawal fees, but third-party/intermediary/bank fees can apply; one Help Centre example mentions 20 AUD bank fee for some bankwire paths. Source
Inactivity fee	US current charges page says 20 USD/month after 12 months inactivity; page content has variation in older/global FAQ text, so review before publication. Source	No account inactivity fees. Source

Costs & account conditions

Minimum deposit

US official funding page states no minimum for ACH and no minimum or maximum for wire transfer; debit card has a $20,000 monthly maximum. Australia says standard/raw accounts require no minimum initial deposit. Global Markets account verification is not needed below US$9,000, but Premium eligibility starts at USD 10,000 deposit or volume criteria.

Source

No minimum deposit requirement disclosed for opening a trading account.

Source

Spread from

US spread-only pricing table lists EUR/USD at 1.4, USD/JPY at 1.4, etc.; non-US CFD accounts disclose lower from-spreads depending on entity/account.

Source

Spreads from 0.0 pips on MetaTrader/cTrader Raw Spread platforms; Standard account spread starts from 0.8 pip.

Source

Commission

Commission varies by jurisdiction/account/pricing plan; do not collapse into a single fee.

Source

Standard: no commission, 0.8 pip markup. Raw Spread MetaTrader: USD $3.50 per lot per side / $7 round turn. cTrader/TradingView: USD $3 per $100,000 traded per side.

Source

Maximum leverage

Maximum leverage is jurisdiction/instrument dependent; US maximum in checked examples is 50:1 on certain major FX pairs.

Source

IC offers flexible leverage from 1:1 to 1:5000; leverage is dynamic and may change at any time.

Source

Deposit fee

Deposit fees vary by method/entity; ACH no OANDA fee verified; bank/intermediary wire fees may apply.

Source

IC does not charge additional deposit fees; bank/intermediary fees may apply.

Source

Withdrawal fee

Withdrawal fees are method/account/entity dependent; debit card no-fee verified for US, bank transfer may have fees.

Source

IC does not charge additional withdrawal fees, but third-party/intermediary/bank fees can apply; one Help Centre example mentions 20 AUD bank fee for some bankwire paths.

Source

Inactivity fee

US current charges page says 20 USD/month after 12 months inactivity; page content has variation in older/global FAQ text, so review before publication.

Source

No account inactivity fees.

Source

Markets, platforms & payments
Tradable assets	OANDA product set is jurisdiction-dependent: US forex and crypto via Paxos; non-US OANDA entities offer CFDs across forex, indices, metals, shares, commodities, cryptocurrencies and (Australia) bonds CFDs. Source	Forex CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Bonds CFDs, Cryptocurrency CFDs, Futures CFDs. Source
Trading platforms	US offers OANDA Web, OANDA Mobile, TradingView, MT4, and OANDA Paxos Mobile for crypto. Australia also lists MT5 and OANDA API; BVI account comparison lists MT5, fxTrade, TradingView. Source	MetaTrader 5, MetaTrader 4, cTrader, TradingView, MetaTrader WebTrader/cTrader Web and social/copy tools IC Social, Signal Start, ZuluTrade. Source
Account types	US: Standard account and Elite Trader loyalty program, plus corporate/demo onboarding. Australia: standard and raw accounts. BVI Global Markets: Standard, Premium, Premium Plus. Source	Official pages list Standard, Raw Spread, cTrader Raw Spread and Swap Free; account overview also shows Raw Pro and Raw Pro+ entries. Source
Deposit methods	Funding methods vary by entity; US verified debit card, wire and ACH. Source	Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, wire transfer, Bpay, broker-to-broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, cryptocurrency. Source
Withdrawal methods	US withdrawals use same method as deposit and are subject to a hierarchy rule; debit card and bank wire are specifically described. Source	Withdrawal methods depend on original deposit method; examples include Visa/Mastercard/card routes, bank wire, Neteller, Skrill and PayPal. Source
Withdrawal processing time	US withdrawal processing times: debit card up to 3 business days; domestic bank wire 1-2 business days; international up to 5 business days. Source	Same-business-day processing cutoff before 12:00 AEST/AEDT; after processing allow at least 3 business days depending on method. Source

Markets, platforms & payments

Tradable assets

OANDA product set is jurisdiction-dependent: US forex and crypto via Paxos; non-US OANDA entities offer CFDs across forex, indices, metals, shares, commodities, cryptocurrencies and (Australia) bonds CFDs.

Source

Forex CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Bonds CFDs, Cryptocurrency CFDs, Futures CFDs.

Source

Trading platforms

US offers OANDA Web, OANDA Mobile, TradingView, MT4, and OANDA Paxos Mobile for crypto. Australia also lists MT5 and OANDA API; BVI account comparison lists MT5, fxTrade, TradingView.

Source

MetaTrader 5, MetaTrader 4, cTrader, TradingView, MetaTrader WebTrader/cTrader Web and social/copy tools IC Social, Signal Start, ZuluTrade.

Source

Account types

US: Standard account and Elite Trader loyalty program, plus corporate/demo onboarding. Australia: standard and raw accounts. BVI Global Markets: Standard, Premium, Premium Plus.

Source

Official pages list Standard, Raw Spread, cTrader Raw Spread and Swap Free; account overview also shows Raw Pro and Raw Pro+ entries.

Source

Deposit methods

Funding methods vary by entity; US verified debit card, wire and ACH.

Source

Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, wire transfer, Bpay, broker-to-broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, cryptocurrency.

Source

Withdrawal methods

US withdrawals use same method as deposit and are subject to a hierarchy rule; debit card and bank wire are specifically described.

Source

Withdrawal methods depend on original deposit method; examples include Visa/Mastercard/card routes, bank wire, Neteller, Skrill and PayPal.

Source

Withdrawal processing time

US withdrawal processing times: debit card up to 3 business days; domestic bank wire 1-2 business days; international up to 5 business days.

Source

Same-business-day processing cutoff before 12:00 AEST/AEDT; after processing allow at least 3 business days depending on method.

Source

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