Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of IG Markets' UK entity and Oanda's UK entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of IG Markets' UK entity and Oanda's UK entity.
IG Markets
Regulated in your country IG Markets is allowed by FCA to onboard clients residing in the UK.
70% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
Regulated in your country Oanda is allowed by FCA to onboard clients residing in the UK.
76.6% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders IG Markets and Oanda are best suited to, based on what each one actually offers in United Kingdom.IG Markets is better than Oanda for day traders, high-volume traders and options traders. Professional traders, scalpers and swing traders can choose either IG Markets or Oanda.
| Overall score | IG Markets 90 Best 88 | Oanda 82 -8 not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise IG Markets and the ones that supervise Oanda.IG Markets and Oanda are both regulated in the UK, by the FCA.
| Section score | IG Markets 100 100 | Oanda 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that IG Markets and Oanda have in place to protect your money in United Kingdom.IG Markets and Oanda both offer segregated client funds and an investor compensation scheme. IG Markets is also a licensed bank.
| Section score | IG Markets 91 Best 91 | Oanda 79 -12 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1974 | 1996 |
| Parent company i | IG Group Holdings plc | OANDA Group |
| CEO i | Breon Corcoran | Gavin Bambury |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Barclays|Lloyds | N/A |
| Brand power | ||
| Number of customers worldwide i | 820,000 | |
| Annual revenue i | USD 987,300,000 | USD 16,900,000 |
| Monthly website search traffic i | 97.1K monthly visits | |
Costs
What we compare A comparison of what it costs to trade with IG Markets and with Oanda in United Kingdom, both on each trade and on holding the account.IG Markets is better than Oanda for CFD/FX costs, as IG Markets has tighter S&P 500 CFD spreads, at 0.4 points (against Oanda's 0.49 points), has tighter gold CFD spreads, at 0.3 points (against Oanda's 0.57 points), and charges lower US stock CFD fees, at 0.02 USD (against Oanda's 0.06 USD). Neither IG Markets nor Oanda charges account maintenance fees or deposit fees.
IG Markets and Oanda cannot be compared for real stock costs, because IG Markets is a broker offering both CFDs and stocks while Oanda is a CFD broker.
| Section score | IG Markets 87 Best 75 | Oanda 75 -12 not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 5.075 | USD 4.75 |
| S&P 500 fees (CFD) i | 0.4 points | 0.49 points |
| Gold fees (CFD) i | 0.3 points | 0.57 points |
| Bitcoin fees (CFD) i | USD 36 | |
| US stocks fees (CFD) i | USD 0.02 | USD 0.06 |
| Fees on stocks | ||
| Stock fee type i | Commission | Percentage |
| US stocks fees (real) i | Free | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 2 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 2 | |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with IG Markets and with Oanda in United Kingdom, and of how many instruments each one gives access to.IG Markets is better than Oanda for CFD/FX markets, since IG Markets gives access to 17,000 tradable symbols (against Oanda's 1,500), offers futures on indices and commodities, which Oanda does not, and offers options on commodities, forex, indices and stocks, which Oanda does not. Both IG Markets and Oanda offer CFDs on commodities, forex, indices and stocks.
Oanda does not offer real stocks, being a CFD broker, so IG Markets and Oanda cannot be compared for real stock markets.
| Section score | IG Markets 100 Best 100 | Oanda 95 -5 not offered |
|---|---|---|
| Total tradable symbols i | 17,000 | 1,500 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Forex, Indices, Stocks | Commodities, Forex, Indices, Stocks |
| Futures i | Indices, Commodities | Crypto, Forex |
| Options i | Commodities, Forex, Indices, Stocks | |
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that IG Markets and Oanda make available to their clients in United Kingdom.IG Markets and Oanda are equally good for platforms, as both offer a proprietary platform and MetaTrader 5.
Oanda does not offer real stocks, being a CFD broker, so IG Markets and Oanda cannot be compared for platforms.
| Section score | IG Markets 91 91 | Oanda 91 not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of IG Markets and Oanda in United Kingdom, and of what each one lets you do from your phone.IG Markets is better than Oanda for mobile trading, given that IG Markets offers mobile trading signals, which Oanda does not. Both IG Markets and Oanda offer a proprietary mobile app and the MetaTrader 5 app.
Oanda does not offer real stocks, being a CFD broker, so IG Markets and Oanda cannot be compared for mobile trading.
| Section score | IG Markets 93 Best 93 | Oanda 86 -7 not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that IG Markets and Oanda allow on their platforms in United Kingdom.IG Markets is better than Oanda for CFD/FX trading features, since IG Markets offers guaranteed stop losses, which Oanda does not. Both IG Markets and Oanda offer negative balance protection and trailing stops.
Only IG Markets can be assessed for real stock trading features, since Oanda is a CFD broker and does not offer real stocks.
| Section score | IG Markets 89 Best 92 | Oanda 83 -6 not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | 14 ms | |
| Slippage occurrence i | 11% | |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | ||
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at IG Markets and at Oanda in United Kingdom, and of who each one is meant for.Oanda is better than IG Markets for CFD/FX account types, given that Oanda offers an unlimited demo account, which IG Markets does not. IG Markets and Oanda both offer a demo account and a professional traders account.
Oanda does not offer real stocks, being a CFD broker, so IG Markets and Oanda cannot be compared for real stock account types.
| Section score | IG Markets 46 -7 29 | Oanda 53 Best not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with IG Markets and with Oanda in United Kingdom.Oanda is better than IG Markets for account opening, given that Oanda has no minimum withdrawal (against IG Markets' 100 USD), and offers local payment methods, which IG Markets does not. Neither IG Markets nor Oanda requires a minimum deposit.
IG Markets and Oanda cannot be set side by side for account opening, as Oanda is a CFD broker and does not offer real stocks, unlike IG Markets.
| Section score | IG Markets 62 -3 62 | Oanda 65 Best not offered |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 100 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | GBP | USD |
| Deposit waiting time i | Instant | up to 2 business days |
| Withdrawal waiting time i | up to 1 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of IG Markets and Oanda in United Kingdom, in how it can be reached and how fast it answers.IG Markets is better than Oanda for customer care, because IG Markets offers customer support in 12 languages (against Oanda's 5), has a website in 12 languages (against Oanda's 7), and offers a dedicated account manager, which Oanda does not. IG Markets and Oanda both offer phone support and live chat.
There is no like-for-like comparison for customer care, as Oanda is a CFD broker and does not offer real stocks.
| Section score | IG Markets 78 Best 78 | Oanda 46 -32 not offered |
|---|---|---|
| Number of languages supported i | 12 | 7 |
| Website languages i | Arabic, Danish, German, English, French, Italian, Dutch, Norwegian, Portuguese, Russian, Spanish, Swedish | German, English, French, Italian, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, Danish, German, English, French, Italian, Dutch, Norwegian, Portuguese, Russian, Spanish, Swedish | German, English, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that IG Markets and Oanda provide to their clients in United Kingdom.IG Markets is better than Oanda for learning, given that IG Markets offers professional reports and daily market commentary, which Oanda does not. IG Markets and Oanda both offer education for advanced traders and webinars.
There is no like-for-like comparison for learning, as Oanda is a CFD broker and does not offer real stocks.
| Section score | IG Markets 100 Best 100 | Oanda 80 -20 not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
IG Markets vs Oanda: which one should you choose?
IG Markets
CFD/FX Choose IG Markets if you want an online CFD broker with a wide choice of markets, a guaranteed stop loss and fast execution.
Stocks Choose IG Markets if you want a broker for securities investing with commission-free US stocks and a wide choice of markets.
Open Account 70% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
CFD/FX Choose Oanda if you want a CFD and forex broker with low trading costs.
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include IG Markets or Oanda, each scored with the same data and method as this page.
