Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
Interactive Brokers
Regulated in your country Interactive Brokers holds a licence from the regulator of the country this site is for, so local investor protections apply.
57.9% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
Regulated in your country Oanda holds a licence from the regulator of the country this site is for, so local investor protections apply.
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 Interactive Brokers and Oanda are best suited to, based on what each one actually offers in United Kingdom.Interactive Brokers is better than Oanda for day traders, long-term investors and high-volume traders. Professional traders, scalpers and swing traders can choose either Interactive Brokers or Oanda.
| Overall score | Interactive Brokers 86 Best 85 | Oanda 82 -4 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 Interactive Brokers and the ones that supervise Oanda.Interactive Brokers and Oanda are both regulated in the UK, by the FCA.
| Section score | Interactive Brokers 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 Interactive Brokers and Oanda have in place to protect your money in United Kingdom.Both Interactive Brokers and Oanda offer segregated client funds and an investor compensation scheme. Interactive Brokers also offers additional money insurance.
| Section score | Interactive Brokers 95 Best 95 | Oanda 79 -16 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1978 | 1996 |
| Parent company i | IBG LLC | OANDA Group |
| CEO i | Milan Galik | Gavin Bambury |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | N/A |
| Brand power | ||
| Number of customers worldwide i | 3,337,000 | |
| Annual revenue i | USD 6,205,000,000 | USD 16,900,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with Interactive Brokers and with Oanda in United Kingdom, both on each trade and on holding the account.Interactive Brokers is better than Oanda for CFD costs, since Interactive Brokers is cheaper on EUR/USD, at 3.33 USD per lot (against Oanda's 4.75 USD), charges lower US stock CFD fees, at 0.01 USD (against Oanda's 0.06 USD), and does not charge inactivity fees, unlike Oanda. Neither Interactive Brokers nor Oanda charges account maintenance fees or deposit fees.
There is no like-for-like comparison for real stock costs, as Oanda is a CFD broker and does not offer real stocks.
| Section score | Interactive Brokers 85 Best 74 | Oanda 75 -10 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 | USD 4.65 | 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 3.325 | USD 4.75 |
| S&P 500 fees (CFD) i | 0.49 points | |
| Gold fees (CFD) i | 0.57 points | |
| Bitcoin fees (CFD) i | ||
| US stocks fees (CFD) i | USD 0.005 | USD 0.06 |
| Fees on stocks | ||
| Stock fee type i | Commission, Percentage | Percentage |
| US stocks fees (real) i | USD 2.1 | |
| ETF fees (real) i | USD 8.12 | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 0.85 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 0.65 | |
| 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 Interactive Brokers and with Oanda in United Kingdom, and of how many instruments each one gives access to.There is little between Interactive Brokers and Oanda on CFD markets. Both Interactive Brokers and Oanda offer CFDs on commodities, crypto, forex, indices and stocks, and offer futures on crypto and forex. Interactive Brokers goes a step further, as it gives access to 15,000 tradable symbols (against Oanda's 1,500), and lets you own bonds, crypto, ETFs, funds, forex and stocks outright.
There is no like-for-like comparison for real stock markets, as Oanda is a CFD broker and does not offer real stocks.
| Section score | Interactive Brokers 100 100 | Oanda 100 not offered |
|---|---|---|
| Total tradable symbols i | 15,000 | 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, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Bonds, Commodities, Crypto, Forex, Indices | Crypto, Forex |
| Options i | Bonds, Commodities, Crypto, ETF, Forex, Indices, Stocks | |
| Assets you can own i | Bonds, Crypto, ETF, Funds, Forex, Stocks |
Platform
What we compare A comparison of the trading platforms that Interactive Brokers and Oanda make available to their clients in United Kingdom.Oanda is better than Interactive Brokers for platforms, because Oanda offers MetaTrader 5, MetaTrader 4 and AutoChartist, which Interactive Brokers does not. Interactive Brokers and Oanda both offer a proprietary platform and TradingView.
Only Interactive Brokers can be assessed for platforms, since Oanda is a CFD broker and does not offer real stocks.
| Section score | Interactive Brokers 80 -11 80 | Oanda 91 Best 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 Interactive Brokers and Oanda in United Kingdom, and of what each one lets you do from your phone.Oanda is better than Interactive Brokers for mobile trading, because Oanda offers the MetaTrader 5 app and the MetaTrader 4 app, which Interactive Brokers does not. Interactive Brokers and Oanda both offer a proprietary mobile app and mobile price alerts.
There is no like-for-like comparison for mobile trading, as Oanda is a CFD broker and does not offer real stocks.
| Section score | Interactive Brokers 80 -6 80 | Oanda 86 Best 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 Interactive Brokers and Oanda allow on their platforms in United Kingdom.Interactive Brokers and Oanda are equally good for CFD trading features, since Interactive Brokers allows for high-frequency trading while Oanda offers VPS hosting. Both Interactive Brokers and Oanda offer negative balance protection and trailing stops.
Oanda does not offer real stocks, being a CFD broker, so Interactive Brokers and Oanda cannot be compared for real stock trading features.
| Section score | Interactive Brokers 81 -2 85 | Oanda 83 not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | Agency |
| Average execution time i | ||
| Slippage occurrence i | ||
| 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 1 | 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 Interactive Brokers and at Oanda in United Kingdom, and of who each one is meant for.Interactive Brokers and Oanda are equally good for CFD account types, as Interactive Brokers offers an Islamic account and a micro account while Oanda offers a corporate account and an unlimited demo account. Interactive Brokers and Oanda both offer a demo account and a professional traders account.
Oanda does not offer real stocks, being a CFD broker, so Interactive Brokers and Oanda cannot be compared for real stock account types.
| Section score | Interactive Brokers 54 53 | Oanda 53 -1 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 Interactive Brokers and with Oanda in United Kingdom.Interactive Brokers and Oanda are equally good for account opening, as Interactive Brokers offers 17 account base currencies (against Oanda's 1), and credits deposits faster, within 1 day (against Oanda's 2 days). On the other hand, Oanda offers debit cards and local payment methods. Neither Interactive Brokers nor Oanda requires a minimum deposit.
Only Interactive Brokers can be assessed for account opening, since Oanda is a CFD broker and does not offer real stocks.
| Section score | Interactive Brokers 65 65 | Oanda 65 not offered |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | AUD, CAD, CHF, CNY, CZK, EUR, GBP, HKD, HUF, JPY, MXN, NOK, NZD, RUB, SEK, SGD, USD | USD |
| Deposit waiting time i | up to 1 business days | 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 Interactive Brokers and Oanda in United Kingdom, in how it can be reached and how fast it answers.Interactive Brokers is better than Oanda for customer care, as Interactive Brokers offers customer support in 8 languages (against Oanda's 5), and has a website in 8 languages (against Oanda's 7). Both Interactive Brokers and Oanda 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 | Interactive Brokers 58 Best 58 | Oanda 46 -12 not offered |
|---|---|---|
| Number of languages supported i | 8 | 7 |
| Website languages i | German, English, French, Italian, Japanese, Russian, Spanish, Chinese | German, English, French, Italian, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, French, Italian, Japanese, Russian, Spanish, Chinese | 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 Interactive Brokers and Oanda provide to their clients in United Kingdom.Interactive Brokers is better than Oanda for learning, because Interactive Brokers offers professional reports, which Oanda does not. Both Interactive Brokers and Oanda offer education for advanced traders and webinars.
Interactive Brokers and Oanda cannot be set side by side for learning, as Oanda is a CFD broker and does not offer real stocks, unlike Interactive Brokers.
| Section score | Interactive Brokers 92 Best 92 | Oanda 80 -12 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 | ||
Interactive Brokers vs Oanda: which one should you choose?
Interactive Brokers
CFD Choose Interactive Brokers if you want an online CFD broker with low trading costs, a wide choice of markets and room for high-frequency strategies.
Stocks Choose Interactive Brokers if you want a share dealing service with a wide choice of markets.
Open Account 57.9% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
CFD Choose Oanda if you want a CFD and forex broker with the MetaTrader platforms, VPS hosting and corporate accounts.
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 Interactive Brokers or Oanda, each scored with the same data and method as this page.
