image-banner-example-1024x448

IG Markets vs Oanda: Comparison and Analysis

Trying to figure out whether to trade Forex at IG Markets or Oanda? This comparison article lays out the features of both these Forex brokers in detail, providing you with a close look at both options to help you decide which trading platform best suits your needs.

For this review, we’ve compared more than 100 variables and features to ensure we provide you with a list of all pros and cons IG Markets and Oanda bring to the table. We then divided the comparisons into a logical structure for faster and easier navigation.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
69% of retail CFD accounts lose money
IG Markets review
Open Account
CFDs are not available to residents in the United States
Oanda review

Overall Ratings


Rated
90
Rated
80

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • IG Markets
  • Oanda

Security 98
Security 94

Cost 62
Cost 73

Trading 100
Trading 71

Education 84
Education 80

Company Info


Foundation
1974
1996
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi
en, de, es, fr, ru, it, chi

Leverage


Non-EU Leverage ?
200:1
50:1
European Leverage ?
30:1
30:1
Australian Leverage ?
200:1
30:1
US Leverage ?
50:1
50:1
Canadian Leverage ?
0
50:1

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
8985
10515
SimilarWeb - Total Visits
9340000
8370000
Facebook Likes
107634
66508
Twitter Likes
25000
18400
Instagram Likes
562

Deposit and Withdrawal


Minimum Deposit ?
300 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Deposit Waiting Time ?
instant
1-2 business days
Withdraw Waiting Time ?
1 business day
1-2 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, GBP, USD, ZAR, AED, CHF, JPY, NZD, SGD
USD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
2.8
3.0
Natural Gas ?
0.6
Silver ?
2.0
277.0
Platinum ?
833.4
Copper ?
Soybeans ?
1.0
Corn ?
2.0
Gold ?
0.3
205.6

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.7
0.1
USD/JPY Average Spread
1.19
0.2
USD/CHF Average Spread
2.07
0.2
GBP/USD Average Spread
1.52
0.2
USD/CAD Average Spread
0.2
AUD/USD Average Spread
0.6
0.2
NZD/USD Average Spread
0.2
EUR/GBP Average Spread
0.9
0.2

Fees on Stocks


Apple
Facebook
Alphabet
Snapchat
BP
Tesco
Barclays
Lloyds

Fees on Indices


FTSE100
1.0
0.8
S&P500
0.4
0.3
Dow Jones
Nasdaq
1.0
0.5
CAC40
1.0
1.2
DAX30
2.0
0.9
Nikkei 225
7.0
Euro Stoxx 50
2.0
0.9

Fees on Cryptocurrencies


Bitcoin
1
0
Ethereum
1.2
0
Ripple
0.30
0
Litecoin
0
0
Bitcoin Cash
2.0
0
Dash
0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, po
en, de, es, fr, ru, ko, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
90
55
Crypto ?
90
55
Commodities ?
34
31
Stocks ?
12000
Indices ?
37
16
ETF ?
20
Futures ?
5
Options ?
20
Bonds ?
12
6
Metal ?
5
5
Agricultural ?
4
Energies ?
6
3
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
1
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.00001 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
22
51
Number Chart Drawing Tools ?
17
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi
en, de, es, ru, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

About IG Markets and Oanda

IG Markets is one of the most experienced Forex brokers in the industry. The company has over 45 years of experience, winning multiple prestigious awards along the way. Add to that an extensive selection of trading instruments, and you get one of the best places for online trading.

Although Oanda hasn’t been present on the market for as long as IG Markets, this 1995-founded broker holds a reputation as one of the most renowned Forex trading platforms worldwide. Oanda holds its ground more than well, offering a wide range of markets and trading tools, even when compared to such brands as IG Markets.

IG Markets vs. Oanda: Which Broker Offers Better Pricing?

The first item on the agenda is pricing. Which platform comes out on top, offering a better pricing structure for Forex traders? Going by seniority, let’s start with IG Markets.

The first thing to know about IG Markets is that they offer only floating spreads. These typically start from 0.6 pips, depending on the currency pair. As for commissions, these can get as low as $3 per stock you trade.

The good news is that there are no deposit and withdrawal fees (with several exceptions). However, an inactivity fee of $18/month is charged after 24 months of inactivity on an account.

Regarding Oanda’s fees, these look a bit more beneficial than IG’s. For instance, Oanda offers even 0-pip spreads for Australian accounts. Non-Australian users can enjoy spreads as low as 0.6 pips.

Oanda also doesn’t charge deposit or withdrawal fees. The inactivity fee is also lower, with Oanda charging $10/month after 12 months of no activity on an account.

Given all that info, Oanda does seem like a more cost-efficient option than IG Markets, offering lower pricing.

Winner: Oanda

Oanda vs. IG Markets: Which Market Selection Is Better?

IG Markets and Oanda are two excellent platforms for Forex and CFDs trading. But which one offers a more extensive selection of trading instruments? With Oanda winning the first round, let’s give the stage to it first.

So, what can you trade at Oanda?

  • Forex Market: Oanda offers over 70 currency pairs;
  • Commodities: Traders have 31 commodities available for CFD trading, including 24 metals, 3 energies, and 4 agricultural assets;
  • Indices: Oanda offers traders 16 popular indices from all over the world;
  • Bonds: Oanda users can trade four US bonds and 1 UK bond;
  • Crypto Trading: Oanda only offers two cryptocurrencies for trading – Bitcoin and Bitcoin Mini.

IG Markets, on the other hand, offers the following trading instruments:

  • Forex Market: There are over 80 currency pairs available for Forex trading;
  • Commodities: IG offers 14 trading commodities, including 4 energies, 5 metals, and 5 agricultural assets;
  • Indices: IG Markets offers over 80 worldwide indices;
  • Stocks: IG offers a massive selection of stocks, with over 12,000 stocks available for trading;
  • Bonds: IG users can trade two types of bonds – German Bond and US Dollar Basket;
  • Cryptocurrencies: IG Markets offers a total of eight cryptocurrencies crypto traders can take advantage of;
  • Other Assets: IG Markets also offers its traders interest rates, options, sectors, and EFTs.

While Oanda offers quite an extensive selection of trading assets, it doesn’t stand a chance when compared with IG Markets. With up to 17 thousand available markets, IG is a clear winner.

Winner: IG Markets

IG vs. Oanda: Which Platform Is More Regulated for Forex Traders?

Both IG Markets and Oanda are two incredibly experienced and reputable trading platforms. If you want to stay safe when online trading, these two brokers might be the safest places for Forex traders. But how do they compare?

In terms of licenses, IG Markets is acknowledged by some of the most reputable governing bodies of the financial sector. The broker is licensed by seven tier-1 regulators:

  • The Japanese Financial Services Authority (JFSA)
  • The Australian Securities & Investment Commission (ASIC)
  • The Financial Markets Authority (FMA)
  • The Commodity Futures Trading Commission (CFTC)
  • The Monetary Authority of Singapore (MAS)
  • The Swiss Financial Market Supervisory Authority (FINMA)

Oanda holds six tier-1 licenses. It’s also regulated by the JFSA, ASIC, FMA, MAS, CFTC, and FCA, additionally boasting licenses from the Investment Industry Regulatory Organization of Canada (IIROC).

The two brokers also use the latest security and encryption measurements as well as transparent trading policies. In other words, they both excel when it comes to the safety of their traders.

Winner: Tie

Which Forex Broker Is Better? IG Markets or Oanda?

Based on our comparison review, it’s clear that both IG and Oanda are brokers on top of their game. They are both incredibly reputable, safe, cost-efficient, and user-friendly. More importantly, they both offer extensive trading market selections followed by a nice collection of research tools and educational materials.

In other words, they will both exceed your trading expectations. And if you wish to learn more about whether you should pick IG or Oanda, be sure to read both of our comprehensive reviews of IG Markets and Oanda. That is where we’ve covered all the essential features and information about the two brokers.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
Copyright © 2024 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap