IC Markets vs Oanda for Jordan Traders (2026)
Which broker is better for Jordan traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Jordan Traders
For Jordan traders in 2025, choosing between IC Markets and Oanda involves weighing trading costs, deposit convenience, and regulatory trust. IC Markets, with a 4.8/5 score, excels in low spreads, fast execution, and support for local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20. Oanda, scoring 3.6/5, is a well-established broker with a simple platform but higher costs and fewer deposit options. Both are accessible to retail traders in Jordan, but IC Markets offers better value for active trading. The local financial regulator in Jordan does not directly oversee these brokers, but they are regulated by top-tier authorities like ASIC and FCA, ensuring a secure trading environment. This comparison focuses on key factors for Jordan traders: trading costs, platforms, regulation, deposit methods, and Islamic accounts.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | IC Markets | Oanda | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Oanda |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Oanda |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Oanda |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Oanda |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $0 | Oanda |
IC Markets offers significantly lower trading costs for Jordan traders, with spreads starting from 0.0 pips on Raw Spread accounts plus a $7 round-turn commission. Oanda's spreads are higher, averaging 1.2 pips on EUR/USD without commission. For a Jordan trader trading 10 standard lots per month, IC Markets can save over $500 in spreads compared to Oanda. Additionally, IC Markets has no hidden fees on deposits via Bank Transfer, Skrill, Neteller, or USDT TRC20, while Oanda charges for certain withdrawals. In USD-denominated accounts, IC Markets provides tighter spreads on major pairs like EUR/USD, GBP/USD, and USD/JPY, benefiting Jordan traders focusing on forex.
Account Types Comparison
| Account Type | IC Markets | Oanda |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $0 |
Leverage Comparison - Jordan Traders
| Entity / Asset | IC Markets | Oanda |
|---|---|---|
| Jordan (offshore) | Up to 1:5000 | Up to 1:100 |
| Forex major pairs | 1:5000 | 1:100 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | IC Markets | Oanda | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | ✗ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | Oanda |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | IC Markets | Oanda |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✓ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
IC Markets offers MetaTrader 4, MetaTrader 5, and cTrader, providing advanced charting, automated trading, and fast execution ideal for Jordan retail traders. Oanda provides its proprietary platform and MetaTrader 4, but lacks cTrader. For Jordan traders needing flexibility and speed, IC Markets' platform suite is superior, especially for scalping and algorithmic trading. Both platforms are available on desktop, web, and mobile, but IC Markets' cTrader offers deeper order book visibility. Oanda's platform is beginner-friendly but less feature-rich for experienced traders.
Execution Quality - Speed & Slippage
| Factor | IC Markets | Oanda | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Oanda |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
IC Markets provides ultra-fast execution with speeds under 40ms on its Raw Spread accounts, using Equinix NY4 servers. Oanda's execution is reliable but slower, averaging 100ms. For Jordan traders trading volatile pairs like USD/JPY or gold, IC Markets' low latency reduces slippage and improves trade fills. IC Markets also supports ECN trading with no dealing desk intervention, ensuring transparency. Oanda's market maker model may lead to requotes during high volatility, making IC Markets superior for execution quality.
Regulation & Safety for Jordan Traders
| Safety Factor | IC Markets | Oanda |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets is regulated by ASIC (Australia), CySEC (Cyprus), and FSA (Seychelles), providing robust investor protection. Oanda is regulated by the FCA (UK), ASIC, and CFTC (US), with strong oversight. For Jordan traders, neither broker is directly regulated by the local financial regulator, but both adhere to international standards. IC Markets' ASIC regulation ensures strict capital adequacy and client fund segregation, while Oanda's FCA regulation offers up to £85,000 protection under the FSCS. This gives Jordan traders confidence in fund safety, though IC Markets' multi-jurisdictional licensing may be more appealing for global access.
Deposits & Withdrawals for Jordan
| Payment Method | IC Markets | Oanda |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | 1 to 5 business days |
IC Markets supports Bank Transfer, Skrill, Neteller, and USDT TRC20 for Jordan traders, with most deposits processed instantly and fee-free. USDT TRC20 is particularly useful for crypto-friendly traders in Jordan due to fast settlement. Oanda accepts Bank Transfer and Skrill but not Neteller or USDT TRC20, limiting options. IC Markets has no deposit fees and low withdrawal fees (e.g., $0 for Skrill), while Oanda charges for wire withdrawals. For Jordan traders, IC Markets provides more flexibility and lower costs for funding accounts in USD. Minimum deposits start at $200 for IC Markets and $0 for Oanda, but IC Markets' wider payment range is a key advantage.
Islamic Accounts - Swap-Free for Jordan Muslims
| Islamic Account Feature | IC Markets | Oanda |
|---|---|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and Oanda offer Islamic (swap-free) accounts for Jordan Muslim traders, compliant with Sharia law. IC Markets provides automatic swap-free accounts for clients in Muslim-majority regions, with no overnight interest on positions. Oanda offers Islamic accounts on request, but may have conditions like account type restrictions. IC Markets' policy is more straightforward for Jordan traders, with no extra fees or holding period limits. This makes IC Markets a better choice for Jordanian traders seeking Islamic trading without additional hurdles.
Customer Support Comparison
| Support Feature | IC Markets | Oanda | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 multilingual customer support via live chat, email, and phone, with Arabic language support available for Jordan traders. Oanda provides 24/5 support with limited hours on weekends. IC Markets' support is more responsive and accessible, especially during Jordan's time zone (UTC+3). For Jordan traders needing quick assistance with deposits via Bank Transfer, Skrill, Neteller, or USDT TRC20, IC Markets' support is more reliable.
Mobile App Comparison
| Mobile Feature | IC Markets | Oanda | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✓ | Oanda |
Education & Research Tools
| Resource | IC Markets | Oanda | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
IC Markets
Oanda
Who Should Use Which Broker? - Jordan Guide
Choose IC Markets if you...
- Want low spreads from 0.0 pips to maximize profits on high-volume trading in USD.
- Prefer fast execution under 40ms for scalping and algorithmic strategies.
- Need flexible deposits via Bank Transfer, Skrill, Neteller, or USDT TRC20 in Jordan.
- Require an Islamic account with no hassle for Sharia-compliant trading.
Choose Oanda if you...
- Prefer a simple, user-friendly platform with no commission on trades.
- Value a broker with strong FCA regulation and a long history since 1996.
- Trade infrequently and prioritize low minimum deposits ($0).
- Do not need crypto payment methods like USDT TRC20 for funding.
FAQ - IC Markets vs Oanda in Jordan
Final Verdict - Jordan 2026
For Jordan traders in 2025, IC Markets is the clear winner with a 4.8/5 score versus Oanda's 3.6/5. IC Markets offers lower spreads, faster execution, and superior deposit options including Bank Transfer, Skrill, Neteller, and USDT TRC20, which are highly relevant for local traders. Oanda's strength lies in its regulatory pedigree and simplicity, but it falls short on cost and payment flexibility. Given the local financial regulator's limited oversight, IC Markets' multi-jurisdictional regulation provides adequate security. For retail traders in Jordan seeking value and convenience, IC Markets is the recommended choice, especially for active forex trading in USD.