ICICI Direct vs OANDA 2026: Which Broker is Better?
Compare ICICI Direct and OANDA side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
ICICI Direct
OANDA
| ICICI Direct | OANDA | |
|---|---|---|
| BrokerRank Score | 3.1/5 | 4.3/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:5 | 1:50 ✓ |
| Regulation | SEBI | CFTC, FCA, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.3/5 vs 3.1/5 on BrokerRank's independent rating. On fees, ICICI Direct offers lower spreads (0 pips).
See full side-by-side comparison belowICICI Direct vs OANDA: Key Differences
ICICI Direct
OANDA
WinnerStill deciding between ICICI Direct and OANDA?
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Fees Comparison
ICICI Direct
OANDA
BrokerRank Verdict
ICICI Direct scores 3.15/5 while OANDA scores 4.34/5 in our independent rating.
OANDA edges ahead overall, but ICICI Direct may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
ICICI Direct
3.1/5
Choose ICICI Direct if you want…
- Tighter spreads (from 0 pips)
OANDA
4.3/5
Choose OANDA if you want…
- Higher overall rating (4.3/5)
- No per-trade commission
- Higher leverage (up to 1:50)
- More regulatory licences (7)
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 ICICI Direct & OANDA are available in
Frequently Asked Questions
1Is ICICI Direct better than OANDA?
OANDA scores higher overall on our independent rating system. ICICI Direct holds a 3.1/5 rating vs OANDA's 4.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, ICICI Direct or OANDA?
ICICI Direct offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for ICICI Direct vs OANDA?
ICICI Direct requires a minimum deposit of $0. OANDA requires $0.
4Which broker is safer, ICICI Direct or OANDA?
ICICI Direct is regulated by SEBI, while OANDA holds licences from CFTC, FCA, ASIC, MAS, CIRO, BVI FSC, KNF.
5What trading platforms do ICICI Direct and OANDA support?
ICICI Direct supports Proprietary Web, Proprietary Mobile. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
6Can I use both ICICI Direct and OANDA?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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BrokerRank Research
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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