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Complete Head-to-Head Comparison · 2026

IC Markets vs Oanda 2026 – Bhutan Trader Comparison

Which broker is better for Bhutan traders in 2026? Expert analysis across 12 categories.

IC
IC Markets
ASIC · CySEC · FSA · Founded 2007
Open Account
VS
Oanda logo
Oanda
NFA · CFTC · FCA · Founded 1996
Open Account
Winner: Tied
Categories: 12 compared
For: Bhutan traders
Updated: July 2026
Compare any two brokers
VS

Quick Verdict — Bhutan Traders

Best Overall
IC Markets & Oanda
Higher overall score & more features
Best Spreads
Oanda
Lower trading costs for scalpers
Islamic Accounts
IC Markets
Swap-free for Bhutan Muslims
Best for Beginners
IC Markets
Better education & support
$200 vs $0
Min deposit
1:5000 vs 1:100
Max leverage
ASIC vs NFA
Top regulator
3.6 vs 3.6
Our scores
Table of Contents

For Bhutanese retail traders looking to enter the forex market, choosing between IC Markets and Oanda is a critical decision. While both brokers are internationally recognized, they cater to slightly different needs, especially in a country like Bhutan where payment flexibility and cost efficiency are paramount. IC Markets scores an impressive 4.8/5 in our review, thanks to its ultra-low spreads, extensive deposit methods including USDT TRC20 and Skrill, and high-speed execution. Oanda, with a 3.6/5 rating, offers robust charting tools and regulatory stability but lags in local payment support and spread competitiveness. Bhutan traders, who often use Bank Transfers or digital wallets like Neteller and cryptocurrencies, will find IC Markets more accommodating. Both brokers accept Bhutanese residents, but the differences in trading costs, platform features, and deposit convenience can significantly impact profitability. This comparison will help you decide which broker suits your trading style in the unique context of Bhutan.

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Overall Scores Comparison

IC
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
Winner
VS
Oanda
Oanda
NFA · CFTC · FCA
3.6
CompareBroker score
Trading Costs
Spreads, commissions
3.7
Tie
3.7
Platforms
MT4, MT5, cTrader, TV
3.8
WIN
3.3
Regulation
Safety, oversight
3.9
Tie
3.9
Deposits
Local payments
3.7
WIN
3.6
Customer Support
24/5, chat, phone
3.4
Tie
3.4
Education
Webinars, guides
3.3
3.7
WIN
Execution
Speed, slippage
3.7
WIN
3.4
Mobile App
iOS, Android
3.6
Tie
3.6
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Trading Costs - Spreads & Commissions

InstrumentIC MarketsOandaWinner
EUR/USD avg spread0.09 pips + $3.5/lot0.0 pips + $3.5/lotOanda
XAU/USD (Gold)$0.14 typical$0.12 typicalOanda
GBP/USD avg spread0.29 pips0.23 pipsOanda
Standard acc spreadfrom 1.0 pipsfrom 0.8 pipsOanda
ECN commission$3.5/lot/side$3.5/lot/sideTie
Min deposit$200$0Oanda

IC Markets offers spreads from 0.0 pips on its Raw Spread account (plus a $7 round-turn commission), while Oanda’s spreads typically start at 1.0 pips on EUR/USD with no commission. For Bhutan traders who trade moderate volumes, IC Markets can save significantly on costs—especially if you trade frequently. For example, a $10,000 monthly volume on IC Markets would cost around $7 in commission versus $50+ in spread costs on Oanda. Oanda’s spreads also widen during news events, which can hurt Bhutanese traders who rely on economic releases. Overall, IC Markets provides lower total trading costs for retail traders in Bhutan, particularly those using the Raw Spread account.

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Account Types Comparison

Account TypeIC MarketsOanda
Standard account
ECN / Raw spread
Islamic (swap-free)
Demo account
PAMM / MAM account
Zero spread account
Copy trading
Min deposit$200$0
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Leverage Comparison - Bhutan Traders

Entity / AssetIC MarketsOanda
Bhutan (offshore)Up to 1:5000Up to 1:100
Forex major pairs1:50001:100
Gold (XAU/USD)1:2001:200
Indices1:1001:100
Cryptocurrencies1:2 to 1:101:2 to 1:10
Leverage Warning for Bhutan Traders
Traders in Bhutan typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available

Asset ClassIC MarketsOandaWinner
Forex pairs90+65+