IG vs Oanda Comparison

Last updated Mar 28, 2025
IG LogoIG
4.1/5
Register68-72% of retail investors lose money when trading CFDs with this broker
VS
Oanda LogoOanda
4.3/5
Register71-76.6% of retail investors lose money when trading CFDs with this broker

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of IG and Oanda

BrokerIGOanda
Rating
4.1/5
4.3/5
Foundation Year19732001
Regulated in CountriesUnited Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab EmiratesUnited States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Minimum Deposit
  • 1 USD
  • 1 EUR
  • 1 GBP
  • 1 CHF
  • 1 AUD
  • 1 NZD
  • 1 JPY
  • 1 NOK
  • 1 SEK
  • 1 SGD
  • 1 HKD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
Spreadfrom 0.165 pointsfrom 0.5 points
Max Leverage1:2001:200
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • IG Trading Platform
  • L2 Dealer
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
ReviewIG Review Oanda Review

Broker IG.com is suitable for traders of all levels, offering reliability, convenience, a wide selection of instruments, and good customer support.

Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.

IG Review

IG Logo
Register68-72% of retail investors lose money when trading CFDs with this broker
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
MetaTrader 4IG Trading PlatformL2 Dealer
compare IG trading accounts

IG is a highly regulated broker with licenses from reliable financial authorities, providing clients with high funds protection. Thanks to narrow spreads, traders can effectively manage their costs and increase the profitability of their operations. Quality trading platforms and advanced analytical tools support informed trading decisions, while extensive educational resources make IG attractive to traders of all experience levels.

Pros and Cons of IG

Pros

  1. Licenses from regulators with a high level of credibility.
  2. Tight spreads.
  3. A variety of markets and products.
  4. Extensive set of analytical tools and content.
  5. Quality educational resources for different levels of traders.

Cons

  1. Limited choice of trading accounts.
  2. High trading fee on DMA account.
  3. Inactivity fee.
  4. Limited choice of payment methods.

IG is in the top 10 of the following ratings:

Oanda Review

Oanda Logo
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4TradingViewfxTrade
compare Oanda trading accounts

Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.

With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.

Pros and Cons of Oanda

Pros

  1. Tight spreads.
  2. Diverse markets and products.
  3. Advanced trading platforms.
  4. Quality analytics.
  5. Extensive learning section.

Cons

  1. Limited trading account types.
  2. Inactivity fee.
  3. High swaps.

Oanda is in the top 10 of the following ratings:

Reliability

BrokerIGOanda
Reliability
5/5
5/5
Foundation Year19732001
Regulated in CountriesUnited Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab EmiratesUnited States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Regulators

IG

The company is subject to numerous international regulators, ensuring a high degree of transparency.

Oanda

Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.

Account Opening

BrokerIGOanda
Account Opening
4/5
4.5/5
Minimum Deposit
  • 1 USD
  • 1 EUR
  • 1 GBP
  • 1 CHF
  • 1 AUD
  • 1 NZD
  • 1 JPY
  • 1 NOK
  • 1 SEK
  • 1 SGD
  • 1 HKD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD

IG

The account opening process is simple, fast, and convenient for traders of any experience level.

Pros

  1. No minimum deposit required.
  2. Quick registration process (5-10 minutes).

Cons

  1. Necessity to provide extensive personal and financial information.
  2. Verification may take a couple of days.
  3. There is a possibility of being denied account opening.

Oanda

Oanda offers a straightforward and structured registration process, ensuring convenience for clients.

Pros

  1. Clearly structured registration process.
  2. No minimum deposit, offering flexibility for traders.

Cons

  1. Additional documents may be required in some cases.
  2. Document verification can take from 1 to 2 working days.

Account Types

BrokerIGOanda
Account Types
2.5/5
3/5
Trading Accounts
  • CFD
  • DMA
  • Standard
  • Swap Free
Minimum Deposit
  • 1 USD
  • 1 EUR
  • 1 GBP
  • 1 CHF
  • 1 AUD
  • 1 NZD
  • 1 JPY
  • 1 NOK
  • 1 SEK
  • 1 SGD
  • 1 HKD
  • 1 USD
  • 1 EUR
  • 1 AUD
  • 1 CHF
  • 1 SGD
  • 1 HKD
Spreadfrom 0.165 pointsfrom 0.5 points
Max Leverage1:2001:200
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • IG Trading Platform
  • L2 Dealer
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade
Demo Account
Swap-free Account

IG

IG offers a limited selection of accounts, meeting the basic needs of traders, but not accommodating specific requirements.

Pros

  1. Availability of DMA account for professional traders.
  2. Premium service offered for high-value clients.
  3. Free demo account for practice and training.

Cons

  1. Absence of Islamic and investment accounts.
  2. No fixed spread accounts and cent accounts.

Oanda

Oanda provides various trading accounts, but some specialized types are missing.

Pros

  1. Standard accounts are available.
  2. Demo accounts are offered.
  3. Swap Free accounts are available for traders following Islamic principles.

Cons

  1. Cent accounts are missing.
  2. No fixed spread accounts.
  3. No investment accounts are available.

Commissions

BrokerIGOanda
Commissions
3/5
3.5/5
Spreadfrom 0.165 pointsfrom 0.5 points
Average Spread (EURUSD)1.10.8
Commission per Lot$6.48

IG

IG provides an average level of commissions, with low spreads but high transaction fees on DMA accounts.

Pros

  1. Low spreads.
  2. No fees for deposits/withdrawals.

Cons

  1. High transaction fee on DMA account.
  2. Inactivity fee.
  3. Currency conversion fee and guaranteed stop fee.

Oanda

Oanda's fees are moderate, making this broker competitive.

Pros

  1. No fees for deposits and withdrawals.
  2. Low spreads on major currency pairs.

Cons

  1. Inactivity fee is charged.
  2. Swaps may be high for some currency pairs.

Deposit and Withdrawal

BrokerIGOanda
Rating
3.7/5
4/5
Account Funding Methods
  • PayPal
  • Bank Transfer
  • Credit and Debit Cards
  • Skrill
  • Neteller
  • Swift
  • Visa
  • Mastercard

IG

Broker IG offers an average level of services for deposits/withdrawals, not charging a fee, but has limitations on available methods.

Pros

  1. No commission for funding and withdrawal.
  2. PayPal available as a deposit/withdrawal option.
  3. Transparent information about limits.

Cons

  1. Absence of cryptocurrencies and most electronic wallets.
  2. Withdrawal processing time can take up to 5 business days.
  3. Restrictions on the minimum withdrawal amount.

Oanda

Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.

Pros

  1. The broker does not charge a fee for deposits and withdrawals.
  2. A wide selection of payment systems is available.
  3. No restrictions on the amounts of deposits and withdrawals.

Cons

  1. High commission fees for certain methods by payment systems.
  2. Withdrawal request processing time may be long.
  3. Cryptocurrencies are not available as a payment method.

Markets and Products

BrokerIGOanda
Markets and Products
5/5
4.4/5
Forex9948
Precious Metals113
Energy Carriers93
Soft Commodities204
Indices4618
Stocks130001607
ETF5400-
Bonds19-
Cryptocurrency1518

IG

IG offers an extensive range of products and markets for trading, with an impressive selection of CFDs, options, and thematic baskets.

Oanda

Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.

Pros

  1. A wide range of currency pairs.
  2. A large selection of stocks and indices.
  3. Access to cryptocurrency trading.

Cons

  1. Maximum leverage is only up to 1:200.

Trading Platforms

BrokerIGOanda
Rating
5/5
5/5
Trading Platforms
  • MetaTrader 4
  • IG Trading Platform
  • L2 Dealer
  • MetaTrader 5
  • MetaTrader 4
  • TradingView
  • fxTrade

IG

IG offers a variety of trading platforms, including MetaTrader 4, IG Trading Platform, and L2 Dealer, catering to traders of all levels.

Oanda

Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.

Pros

  1. Access to classic platforms MT4 and MT5.
  2. The fxTrade mobile app with integration with MT5.
  3. Integration with TradingView.

Cons

  1. No MetaTrader alternatives for desktop devices.

Analytics

BrokerIGOanda
Rating
5/5
5/5

IG

IG provides an impressive array of research and analytical tools that will appeal to traders of any experience level.

Oanda

The Oanda broker's analytical section offers many tools that help traders make informed decisions.

Education

BrokerIGOanda
Rating
5/5
4.5/5

IG

IG offers high-quality and comprehensive educational materials suitable for traders of various levels.

Oanda

Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.

Pros

  1. Comprehensive coverage of fundamental and technical analysis.
  2. Variety of resources including webinars, workshops, and live market analysis.
  3. Free access to premium content for live account holders.

Cons

  1. Some advanced topics may not be covered in depth.

Customer Support

BrokerIGOanda
Rating
5/5
5/5
Email Support
  • sales.en@ig.com
  • newaccounts.uk@ig.com
  • frontdesk@oanda.com
  • moneytransfer@oanda.com
Hotline Phones
  • +44 (20) 7633 5430
  • +442031512050
  • +442071011600
Social Media

IG

IG provides fast and professional support.

Oanda

Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.

Alternatives to IG and Oanda

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.