IC Markets vs Oanda: Greece Trader Comparison 2026

For Greek traders, trading costs are a key factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $7 commission per lot, making it ideal for high-volume traders. Oanda's spreads are variable and average around 1.0-1.5 pips on major pairs, with no commission but wider spreads. Over 100 trades per month, IC Markets can save Greek traders hundreds of dollars in spread costs. For scalpers and day traders in Greece, IC Markets is significantly more cost-effective.

IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, all popular among Greek traders for their advanced charting, automated trading, and fast execution. Oanda offers its proprietary platform and MetaTrader 4, but lacks cTrader. For Greek traders who rely on ECN execution and advanced tools, IC Markets’ platform variety is a clear advantage. Oanda’s platform is simpler and better for beginners.

IC Markets boasts an average execution speed of 40ms, ideal for scalpers and algorithmic traders in Greece. Oanda’s execution is slightly slower, around 100ms, which may affect high-frequency strategies. For Greek traders prioritizing speed, IC Markets is the clear winner.

Both IC Markets and Oanda are regulated by the local financial regulator, ensuring Greek traders are protected under EU laws like MiFID II. IC Markets also holds licenses from CySEC and FCA, while Oanda is regulated by the FCA and ASIC. This multi-jurisdictional oversight means client funds are segregated and negative balance protection is provided. Greek traders can trade with confidence knowing both brokers meet strict regulatory standards.

Greek traders have multiple deposit options with IC Markets: Bank Transfer, Skrill, Neteller, and USDT TRC20. Deposits are processed instantly for e-wallets and crypto, while bank transfers take 1-3 days. Oanda supports Bank Transfer and credit/debit cards, but does not accept Skrill, Neteller, or USDT TRC20. For Greek traders who prefer fast, low-cost deposits, IC Markets is more flexible. Withdrawals at IC Markets are also faster, typically processed within 24 hours for e-wallets.

Both IC Markets and Oanda offer Islamic accounts (swap-free) for Greek Muslim traders. IC Markets provides swap-free accounts on all account types without additional fees, making it suitable for long-term position traders. Oanda offers Islamic accounts upon request, with no swap charges on overnight positions. Both brokers ensure compliance with Sharia law, but IC Markets’ automatic availability is more convenient for Greek traders.

IC Markets offers 24/7 customer support via live chat, email, and phone, with Greek-language assistance available. Oanda provides support during business hours and has a comprehensive FAQ section. For Greek traders needing timely help, IC Markets’ round-the-clock support is more reliable.