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IC Markets vs OQtima - Which Forex/CFD broker has better trading conditions?
Comparing the services of IC Markets and OQtima. Which Forex broker has a better condition for traders?
In the trading industry, OQtima and IC Markets stand out as reliable platforms.
OQtima mainly utilizes the MT4 platform, known for its user-friendly interface and extensive technical analysis tools, while ICMarkets offers more options including WebTrader, cTrader, IC Social, and ZuluTrade, noted for their swift order execution capabilities.
Both companies emphasize mobility and web trading, with various assets available for trading on mobile and desktop platforms.
They both operate across seven financial markets, offering a range of trading opportunities in forex, cryptocurrencies, and stock CFDs, among others.
OQtima provides leverage of up to 1:500, while ICMarkets offers up to 1:1000 for retail traders.
Both prioritize safety, keeping client funds in segregated accounts and offering Negative Balance Protection.
While choosing between OQtima and ICMarkets depends on individual preferences, ICMarkets stands out with its broader platform and asset range, and OQtima appeals for its simplicity and straightforwardness.
Go to IC Markets Official Website
Summary of OQtima’s Trading Services
OQtima is distinguished by its commitment to tailored trading experiences, emphasizing individualized excellence and a firm dedication to client safety, with stringent adherence to legal and regulatory frameworks.
It provides diverse trading avenues, offering a vast array of assets including over 45 cryptocurrencies and opportunities in commodities and global shares.
OQtima highlights ultra-competitive spreads, leverage up to 1:500, and exceptional customer support.
Despite the absence of bonuses and free VPS, OQtima promises a comprehensive and secure trading experience, attracting traders seeking personalized trading solutions.
Summary of ICMarkets Trading Services
IC Markets, a renowned Forex CFD provider, is recognized for its low spreads, unmatched execution speed due to servers in NY4 & LD5 data centers, and advanced technology integration with trading tools like Depth of Market (DoM) and real-time spread monitoring.
It provides a diverse trading environment with spreads from 0.0 pips and leverage up to 1:1000.
ICMarkets guarantees optimal trade sizes and best prices across various trading instruments and ensures customer satisfaction with 24/7 support.
With three integrated trading platforms, regulatory oversight by the FSA, and an extensive market range including Forex CFDs to Cryptocurrency CFD, ICMarkets emerges as a comprehensive and reliable trading platform option.
Go to IC Markets Official Website
OQtima vs ICMarkets – Which is the CFD broker?
In the constantly evolving world of trading, two companies that have consistently provided reliable platforms for traders are OQtima and IC Markets.
This article seeks to compare and contrast their services, to offer a clearer picture for traders who might be deciding between the two.
Trading Platforms
OQtima primarily relies on the MT4 platform for trading.
MT4 has long been recognized as a standard in the industry, notable for its user-friendly interface and comprehensive technical analysis tools.
On the other hand, ICMarkets offers a broader selection.
Apart from the MT4, they also boast WebTrader, cTrader, IC Social, and ZuluTrade.
Each of these platforms has its unique features, with cTrader and WebTrader, in particular, being celebrated for their swift order execution capabilities.
Web Trading & Mobile Application
Both companies understand the need for mobility in today’s world.
OQtima’s Web Trader is acclaimed for its ECN Pricing environment which promises superior connectivity, deep liquidity, and unparalleled spreads.
Similarly, ICMarkets’ cTrader Web and MetaTrader WebTrader are designed to offer fast order execution with the convenience of being web-based.
When it comes to mobile trading, OQtima offers access to over 1,000 assets that can be traded directly on mobile, desktop, or tablet from any location.
ICMarkets’ mobile application, available on both Android and iOS, is equally competitive, allowing trading of Forex, CFDs, and more with industry-leading tight spreads.
Assets & Markets Offered
Both OQtima and ICMarkets offer a wide range of trading opportunities across 7 financial markets.
OQtima’s offerings include trading in 7 Major Forex Pairs, 21 Minors, and 52 Exotic pairs, 45 Cryptocurrencies, and 91 Stock CFDs including renowned shares such as Tesla, Netflix, Apple, and Meta.
ICMarkets, on the other hand, provides access to the global Forex market with competitive spreads.
Their cryptocurrency, stock CFDs, and commodities offerings are vast, with options to trade over 2100 large-cap Stocks CFDs across major stock exchanges.
Leverage & Cost
When it comes to leverage, OQtima provides an impressive leverage of up to 1:500, allowing traders to capitalize on market movements.
ICMarkets, while offering leverage up to 1:1000 for retail traders, emphasizes the careful use of this tool, noting its potential to magnify both gains and losses.
On the topic of costs, OQtima takes pride in its ECN+ environment, which aggregates pricing from multiple providers, ensuring competitive quotes with low spreads.
ICMarkets’ spreads, particularly the average EUR/USD spread of 0.1 pips, are among the lowest in the world, thanks to their mix of liquidity providers.
Safety & Convenience
Both companies prioritize the safety of their users’ funds. OQtima keeps client funds in segregated accounts in top tier 1 banks in Australia and the UK.
ICMarkets, in addition to its commitment to security, offers over 15 flexible funding options in 10 different base currencies, ensuring convenience for its users.
Both companies support Negative Balance Protection, ensuring that traders don’t lose more than they have in their accounts.
Extras
It’s worth noting that while OQtima doesn’t offer bonuses, contests, or free VPS, ICMarkets does provide a free VPS for traders whose trading volume exceeds a certain threshold.
This can be particularly beneficial for those who rely on Expert Advisors and automated trading strategies.
Conclusion
While both OQtima and IC Markets have their unique strengths and offerings, the choice between them largely depends on individual trader preferences.
OQtima’s streamlined platform might appeal to those who prefer simplicity and straightforwardness, while ICMarkets, with its broader range of platforms and assets, might be more attractive to those seeking variety and depth.
As always, it’s recommended for traders to conduct further research and perhaps even test out each platform before making a final decision.
Go to IC Markets Official Website
What is OQtima?
OQtima was not merely established as just another online trading platform. Its birth was driven by a clear objective: to offer tailored trading experiences for traders of every stripe, recognizing the unique intricacies each trader presents. With a rich legacy spanning over 30 years of industry knowledge, the brains behind OQtima appreciate the nuances of the trading world. This acute understanding prompted them to amalgamate an unparalleled team, ensuring that every trader feels as if the platform was crafted just for them.
This deep commitment to individualized excellence sets OQtima apart from other platforms, including ICMarkets. The essence of OQtima is not mere marketing jargon. It’s the very heartbeat of the company – their unwavering dedication to creating an impeccable trading ambiance, harmonized by impeccable customer care and consistent client-business engagements.
Safety First, Always
In the intricate world of online trading, safety cannot be compromised. OQtima’s stringent adherence to legal and regulatory frameworks stands as a testament to its dedication to client safety. From conducting frequent internal audits to implementing rigorous compliance checks, OQtima ensures that it’s always a step ahead in safeguarding its client’s interests.
The very architecture of the platform safeguards client money. Funds are held in segregated trust accounts with premier banks, ensuring they remain untouched and used solely to facilitate the clients’ trading activity. Furthermore, OQtima’s robust information controls ensure confidential data remains shielded, fostering a secure trading ecosystem.
OQtima supports the following secure funding methods:
Method | Processing Time | Min Deposit | Fees | Currency Accepted |
---|---|---|---|---|
Credit Cards (Visa, MasterCard, TransferWise, Revolut) | Instant | $20 | None | USD, BRL, EUR, AUD, CHF, JPY, CNY, CAD |
E-Wallets (Skrill, Neteller) | Instant | $20 | None | USD, BRL, EUR, AUD, CHF, JPY, CNY, CAD |
Bank Transfer | 1-3 Days | $20 | None | USD, BRL, EUR, AUD, CHF, JPY, CNY, CAD |
Trust: The OQtima Pillar
Trust isn’t just a word for OQtima; it’s a promise. Founded by industry stalwarts, who’ve brushed shoulders with global brokerage heavyweights, OQtima comprehends the weight of trust in financial services. By weaving responsible governance into their DNA, they pledge unmatched fairness, beckoning traders to an oasis of peace and security.
Their ECN+ trading environment speaks volumes of their proficiency. With roots anchored in over three decades of industry familiarity, OQtima is not just a trading platform; it’s an homage to all traders seeking the zenith of trading excellence and market reach.
Diverse Trading Avenues
OQtima’s versatility shines brightly through its vast array of trading options. Whether you’re diving into the volatile world of crypto trading, exploring global macroeconomic shifts through forex, or getting a pulse on global industries via indices, OQtima’s got you covered. Their expansive list of over 1,000 assets is poised to cater to every trader’s appetite.
Additionally, the platform’s state-of-the-art verification process ensures that starting your trading journey is seamless. Paired with their top-notch support team, every query and concern is addressed promptly, guaranteeing a smooth and fulfilling trading experience.
Cryptocurrencies, Metals, Shares, and More
The OQtima platform is a treasure trove for trading enthusiasts. It embraces the dynamic world of cryptocurrencies, allowing traders to navigate through over 45 crypto pairs. For those intrigued by the shimmer of precious metals, OQtima offers opportunities to dabble in commodities like gold and silver. Simultaneously, shares from global giants like Tesla, Apple, and Netflix to lesser-known gems await discovery by discerning traders. Moreover, energy enthusiasts can look into trading avenues like WTI, Brent, and Natural Gas, all under the comprehensive umbrella of OQtima.
Ultra-Competitive Spreads & Unrivaled Support
OQtima isn’t about mediocrity. It’s about raising the bar. With spreads starting from an astonishing 0.0 and an average execution time of less than 30 milliseconds, traders are primed for success. Add to that the luxury of leveraging up to 1:500, and you have a platform that’s truly in a league of its own.
But OQtima’s allure doesn’t end there. They roll out the red carpet for their clients with an exceptional support team. Trained meticulously, this team is geared to ensure that every interaction leaves the client satisfied.
Account Type | OQtima ECN+ Account | OQtima ONE Account |
---|---|---|
Spreads | from 0.0 pips | from 1.0 pips |
Commissions | $3.50 Per side traded | Free of commissions |
Min. deposit | $20 | $20 |
Max. leverage | 1:500 | 1:500 |
Hedging Allowed | Yes | Yes |
EA and Scalpers welcome | Yes | Yes |
Base Currencies | USD, EUR, JPY, GBP, CAD, CHF, SGD, AED, ZAR | USD, EUR, JPY, GBP, CAD, CHF, SGD, AED, ZAR |
Funding Fees | $0 | $0 |
Withdrawal Fees | $0 | $0 |
Markets | 7 | 7 |
Total Symbols | 300+ | 300+ |
Sign Up | Open OQtima ECN+ Account | Open OQtima ONE Account |
Conclusion
OQtima isn’t merely a platform; it’s an experience. From the moment you start your journey with a minimal deposit of $20 USD, the OQtima world envelops you in its aura of excellence. As compared to ICMarkets, OQtima offers a richer, more diverse, and more attuned trading experience, emphasizing the unique needs and aspirations of each trader.
In a world brimming with trading platforms, OQtima emerges as the beacon for those seeking more than just transactions. It’s where trading dreams find wings, and traders find a home. Dive into the OQtima universe and redefine your trading narrative.
What is IC Markets?
In today’s competitive trading environment, finding a reliable and technologically advanced trading platform is crucial. Enter IC Markets, a game changer in the realm of Forex CFD trading. Here’s why you should consider IC Markets over other service providers like OQtima:
Go to IC Markets Official Website
Established Reputation
Founded with traders in mind, IC Markets has grown exponentially and is now hailed as one of the world’s largest MetaTrader 4 Forex CFD providers. This reputation has been earned by consistently giving traders what they desire most in a trading platform.
Lowest Possible Spreads
Understanding the importance of low spreads for traders, IC Markets’ prime mission is to offer the lowest spreads regardless of market conditions. This is made possible by their massive investment in cutting-edge technology and by forging solid relationships with premier liquidity providers. Their ongoing commitment is evident in their continuous tech enhancements to provide optimal trading conditions.
Unmatched Execution Speed
A delay of even a few milliseconds can mean the difference between profit and loss. IC Markets is fully aware of this, and their servers in NY4 & LD5 data centers (New York & London) ensure the fastest possible trade executions. The co-location of their servers with their pricing providers’ data servers provides an extra edge in execution speed.
Advanced Technology Integration
The union of IC Markets with global trading tech giants has empowered traders with groundbreaking trading tools such as Depth of Market (DoM), ladder trading, automated trade closures using tailored order templates, and real-time spread monitoring. Plus, their mobile apps for iPhone and Android are tailor-made for those who like to trade on the go.
Go to IC Markets Official Website
Diverse Trading Conditions
IC Markets provides a versatile trading environment. Whether you’re into scalping, hedging, or automated trading, IC Markets has got you covered. With spreads starting from an incredible 0.0 pips and leverage options soaring up to 1:1000, traders are in for a treat.
Account Type | cTrader | Raw Spread | Standard |
---|---|---|---|
Commission (per lot) | $3.0 ($6.0 per lot roundturn) | $3.5 ($7.0 per lot roundturn) | $0.0 |
Spreads from (pips) | 0.0 | 0.0 | 0.6 |
Starting Deposit (USD) | $200 | $200 | $200 |
Leverage | 1:1000 | 1:1000 | 1:1000 |
Max. Position Orders per Account | 2000 | 200 | 200 |
Server Location | London | New York | New York |
Micro Lot Trading (0.01) | Available | Available | Available |
Currency Pairs | 61 | 61 | 61 |
Index CFD Trading | Available | Available | Available |
Stop Out Level | 50% | 50% | 50% |
One Click Trading | Available | Available | Available |
Islamic Accounts | Available | Available | Available |
Trading Styles Allowed | All | All | All |
Order Distance Restriction | None | None | None |
Programming Language | C# | MQL4 | MQL4 |
Suitable For | Day Traders & Scalpers | EAs & Scalpers | Discretionary Traders |
Account Type | Open cTrader Account | Open Raw Spread Account | Open Standard Account |
Optimal Trade Sizes and Best Prices
From 1 micro lot to 200 lots, trades of various sizes can be opened. The advanced technology sorts and ranks prices, ensuring real-time execution of large trades across multiple pricing providers. This setup guarantees traders get the best price regardless of trade size.
Open an account with IC Markets
Customer Service Like No Other
The IC Markets team is rich in forex industry experience. Their dedication to providing round-the-clock support ensures that traders can trade with peace of mind, knowing that expert help is just a call or click away.
Contact IC Markets Support Team
Revolutionary Trading Platforms
IC Markets has seamlessly integrated three of the world’s best trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. These platforms grant direct access to IC Markets’ Raw Pricing, ensuring transparency and trust.
Choose the platform to trade with
Stellar Regulatory Framework
Regulated by the Financial Services Authority of Seychelles (FSA), IC Markets ensures that client funds are segregated and safely deposited with leading international banks. They uphold the principles of trust and transparency, ensuring there’s no price manipulation or restrictions.
Go to IC Markets Official Website
Extensive Market Range
From Forex CFDs to Commodities CFD, Indices CFD, Stocks CFD, Bonds CFD, Cryptocurrency CFD, and Futures CFD, IC Markets offers a carefully curated product range. This ensures traders access the most liquid markets globally, presenting the best trading opportunities round the clock.
Exclusive Features for High-Volume Traders
The Raw Trader Plus is IC Markets’ unique offering tailored for high-volume traders. Members not only enjoy competitive pricing but also receive daily rebates on their trading commissions. Added benefits include VPS Hosting for automated trading strategies and dedicated client support to assist in achieving trading goals.
Open an account with IC Markets
User-Friendly Mobile App
The IC Markets mobile app, available for both Android & iOS, is a one-stop solution for all trading needs. From real-time chat support, funding accounts, monitoring trades, to viewing economic events, it’s all available at the fingertips of the traders.
When it comes to choosing a reliable, technologically advanced, and trader-centric Forex CFD provider, IC Markets stands tall among its peers. The combination of their unparalleled trading environment, advanced tools, extensive market range, and unwavering commitment to their clients makes them a preferred choice over other providers like OQtima. Join the IC Markets family and experience trading like never before.
Go to IC Markets Official Website
FAQs to summarize the article
- 1. What platforms do OQtima and ICMarkets use for trading?
- OQtima primarily uses the MT4 platform. ICMarkets offers a broader selection, including MT4, WebTrader, cTrader, IC Social, and ZuluTrade.
- 2. How do the two companies fare in terms of web and mobile trading?
- Both companies prioritize mobile and web trading. OQtima’s Web Trader is known for its ECN Pricing environment, while ICMarkets’ cTrader Web and MetaTrader WebTrader focus on fast order execution.
- 3. How many assets can be traded via OQtima’s mobile app?
- OQtima offers over 1,000 assets that can be traded on mobile, desktop, or tablet.
- 4. What kinds of assets and markets are offered by OQtima and ICMarkets?
- Both companies offer opportunities across 7 financial markets. OQtima offers trading in Forex pairs, Cryptocurrencies, and Stock CFDs. ICMarkets offers access to Forex, Cryptocurrency, Stock CFDs, and commodities.
- 5. How do the companies compare in terms of leverage and cost?
- OQtima offers leverage up to 1:500 and boasts an ECN+ environment for competitive quotes. ICMarkets provides leverage up to 1:1000 and is known for its low spreads, particularly the average EUR/USD spread of 0.1 pips.
- 6. How do both companies ensure the safety of users’ funds?
- OQtima and ICMarkets both keep client funds in segregated accounts and support Negative Balance Protection.
- 7. Are there any extras or bonuses offered by these companies?
- OQtima doesn’t offer bonuses, contests, or free VPS. ICMarkets provides a free VPS for traders whose volume exceeds a specific threshold.
- 8. How long has OQtima been in the industry and what sets it apart?
- OQtima has a legacy spanning over 30 years and is known for its dedication to providing individualized trading experiences.
- 9. How does OQtima ensure the safety of its clients?
- OQtima adheres strictly to legal and regulatory frameworks, conducts frequent internal audits, and holds funds in segregated trust accounts with premier banks.
- 10. How does ICMarkets distinguish itself in the Forex CFD trading realm?
- ICMarkets is one of the world’s largest MetaTrader 4 Forex CFD providers, known for its low spreads, unmatched execution speed, and integration with advanced trading technologies.
- 11. What trading conditions does ICMarkets offer?
- ICMarkets provides a versatile environment, suited for scalping, hedging, automated trading, and offers spreads starting from 0.0 pips and leverage up to 1:1000.
- 12. How is ICMarkets regulated?
- ICMarkets is regulated by the Financial Services Authority of Seychelles (FSA) and ensures client funds are segregated and deposited with leading international banks.
- 13. How do OQtima and ICMarkets compare in their overall offerings?
- OQtima emphasizes tailored trading experiences and has a broader range of assets. ICMarkets, with its technological edge and vast platform choices, might appeal to those looking for variety, speed, and low-cost trading.