IC Markets vs Oanda 2026: Which Broker Suits Taiwan Traders Best?

For experienced retail traders in Taiwan, choosing between IC Markets and Oanda involves evaluating spreads, local payment options, and regulatory comfort. IC Markets, with a 4.8/5 rating, is renowned for its low-cost Raw Spread accounts and fast execution, making it a top choice for scalpers and day traders. Oanda, scoring 3.6/5, appeals to traders valuing brand reliability and flexible position sizing, though its spreads are wider. Both brokers accept Bank Transfer and Credit Card deposits in TWD, crucial for Taiwan traders avoiding currency conversion fees. However, neither is directly regulated by the FSC Taiwan, meaning traders rely on offshore licenses—IC Markets holds Australian ASIC and Cypriot CySEC licenses, while Oanda is regulated by the US CFTC and UK FCA. This comparison dives into costs, platforms, and local suitability to help Taiwan traders decide which broker aligns with their trading style and risk tolerance.