IC Markets
Motilal Oswal
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
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 is the better choice overall, scoring 3.9/5 vs 3.3/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
IC Markets
3.9 vs 3.3
Lowest Fees
Tied
0 vs 0 pips
Regulation
IC Markets
2 vs 1 licences
Min. Deposit
Motilal Oswal
$200 vs $0
IC Markets
Motilal Oswal
IC Markets
Motilal Oswal
Lower feesIC Markets holds licences from ASIC, CySEC. Motilal Oswal is regulated by SEBI.
Both brokers offer access to Crypto, Stocks, Indices markets. IC Markets additionally covers Forex, Cfd. Motilal Oswal adds Etf, Commodities.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor. Both brokers are available on Proprietary Mobile.
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.
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.
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs Motilal Oswal's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
IC Markets offers spreads from 0 pips, while Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
IC Markets requires a minimum deposit of $200. Motilal Oswal requires $0.
IC Markets is regulated by ASIC, CySEC, while Motilal Oswal holds licences from SEBI.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.