Oanda
IG
Our Rating
81
71
76.6% of retail investor accounts lose money when trading CFDs
71% of retail investor accounts lose money when
trading spread bets and CFDs with this provider

Regulations and Licenses

Feature
Oanda
IG
ASIC (Australia)
FCA (UK)
MAS (Singapore)
NFA or CFTC (USA)
FSCA (South Africa)
FINMA (Switzerland)
CYSEC (Cyprus)
CIRO / IIROC (Canada)
FMA (New Zealand)
DFSA (Dubai)
CBI (Ireland)
FSC BVI (British Virgin Islands)
BMA (Bermuda)

Brokerage

Feature
Oanda
IG
EUR/USD Avg. Raw Spread
-
0.16
GBP/USD Avg. Raw Spread
-
0.59
AUD/USD Avg. Raw Spread
-
0.29
EUR/USD Standard Spread
0.6
1.13
EUR/USD Fixed Spreads
-
GBP/USD Avg. Standard Spread
0.9
1.66
AUD/USD Avg. Standard Spread
0.7
1.01
Commissions (USD Base)
-
$6.00
Minimum Deposit
$0
$450
Swap Free Account
No Inactivity Fees
Funding Methods
6+
4+
No Funding Fees

Markets and Instruments

Feature
Oanda
IG
Currency Pairs
70+
100+
Cryptocurrency CFDs*
4+
12+
Index CFDs
16+
34+
Share CFDs
-
12000+
Commodities CFD
34+
35+
Stockbroking
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
100:1
Pro 1: 100:1
Pro 2: 250:1
Retail Max. Leverage (United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
100:1
222:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
100:1
222:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 10:1
Pro. Max. Leverage (UAE)
100:1
222:1
Retail Max. Leverage (USA)
Major Pairs 50:1
Minor Pairs 33:1
Major Pairs 50:1
Minor Pairs 20:1
Retail Max. Leverage (Canada)
Major Pairs 50:1
Minor Pairs 33:1
-
Retail Max. Leverage (Singapore)
Major Pairs 20:1
Major Pairs 20:1
Minor Pairs 20:1
Pro. Max. Leverage (Singapore)
100:1
50:1
Retail Max. Leverage (New Zealand)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (New Zealand)
-
222:1
Retail Max. Leverage (With offshore regulators)
-
Major Pairs 30:1
Minor Pairs 20:1
Professional Leverage
100:1
200:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Oanda
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Oanda
IG
Our Rating
810
710
 

Our full comparison covers the 10 most important trading factors to help you make an informed choice between OANDA and IG. Here are five key differences:

  • OANDA’s spreads are generally lower, making it a more cost-effective option for many traders.
  • IG provides a wider range of trading products, including more cryptocurrencies and CFDs.
  • OANDA offers more comprehensive and customisable market data and analysis tools.
  • IG has a more extensive range of educational materials, including webinars and a trading academy.
  • Both brokers are regulated in top-tier jurisdictions, but IG has a slightly higher trust score.