IC Markets vs Motilal Oswal 2026: Which Broker is Better?
Choosing between IC Markets and Motilal Oswal depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while Motilal Oswal operates from Mumbai, India. Motilal Oswal has the longer track record, established in 1987, compared to IC Markets which was founded in 2007. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
IC Markets
Motilal Oswal
| IC Markets | Motilal Oswal | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.4/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | ASIC, CySEC ✓ | SEBI |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile, MO Investor |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.4/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets vs Motilal Oswal: Key Differences
IC Markets
Motilal Oswal
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Fees Comparison
IC Markets
Motilal Oswal
Lower feesRegulation & Trust
IC Markets holds licences from ASIC, CySEC. Motilal Oswal is regulated by SEBI.
Markets & Assets
Both brokers offer access to Crypto, Stocks, Indices markets. IC Markets additionally covers Forex, Cfd. Motilal Oswal adds Etf, Commodities.
Trading Platforms
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor. Both brokers are available on Proprietary Mobile.
Minimum Deposit
IC Markets requires a minimum deposit of $200, while Motilal Oswal sets no minimum deposit. This makes Motilal Oswal accessible to traders with any budget.
Overall Ratings
BrokerRank scores IC Markets at 3.87/5 and Motilal Oswal at 3.26/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IC Markets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
- More market types (6)
Motilal Oswal
3.4/5
Choose Motilal Oswal if you want…
- No per-trade commission
- No minimum deposit
- More established (est. 1987)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both IC Markets & Motilal Oswal are available in
Frequently Asked Questions
1Is IC Markets better than Motilal Oswal?
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs Motilal Oswal's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, IC Markets or Motilal Oswal?
IC Markets offers spreads from 0 pips, while Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs Motilal Oswal?
IC Markets requires a minimum deposit of $200. Motilal Oswal requires $0.
4Which broker is safer, IC Markets or Motilal Oswal?
IC Markets is regulated by ASIC, CySEC, while Motilal Oswal holds licences from SEBI.
5What trading platforms do IC Markets and Motilal Oswal support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor.
6Can I use both IC Markets and Motilal Oswal?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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