IC Markets vs Octa (2026): Which Is Better?
Licences, spreads, leverage, minimum deposit and features compared side by side. Our pick: IC Markets (9.2/10).
| IM | O | |
|---|---|---|
| Our score | 9.2/10 | 8.8/10 |
| Founded | 2007 | 2011 |
| Minimum deposit | $200 | $25 |
| Max leverage | Up to 1:1000 | Up to 1:1000 |
| Spreads | From 0.0 pips + $7 round-turn (Raw) · from 0.8 pips (Standard) | From 0.6 pips, no commission on all accounts |
| Platforms | MT4, MT5, cTrader, TradingView | OctaTrader, MT4, MT5 |
| Copy trading | Yes – IC Social, ZuluTrade, Myfxbook | Yes – Octa Copytrading |
| Licences | ASIC, CySEC, SCB, FSA | CySEC, FSCA, FSC, MISA |
| Available in | ~229 countries | ~224 countries |
| Best for | Scalpers, EA / robot traders, cTrader users | Commission-free trading, copy trading, Islamic accounts |
| Visit Site | Visit Site |
Why choose IC Markets
- Raw spreads from 0.0 pips with deep liquidity
- MT4, MT5, cTrader and TradingView
- Tier-1 regulation from ASIC and CySEC
- Built for EA and scalping strategies
Why choose Octa
- No commission and no swap (Islamic-friendly) trading
- $25 minimum deposit
- Octa Copytrading built in
- Own OctaTrader platform plus MT4 and MT5
Verdict
IC Markets is an Australian-founded true-ECN broker known for raw spreads from 0.0 pips, lightning-fast execution and the widest platform choice in the industry — MT4, MT5, cTrader and TradingView. It is a favourite of scalpers and automated (EA) traders worldwide.
Octa (formerly OctaFX) has served traders since 2011 and is known for commission-free, swap-free trading, a low $25 minimum deposit and its own OctaTrader platform alongside MT4 and MT5. It is regulated by CySEC, the FSCA, the FSC Mauritius and MISA, and offers built-in copy trading.
IC Markets edges ahead in our rating, but many traders open both accounts and use each for what it does best.