IG vs OANDA

Can't decide between IG and OANDA? We've put both brokers head-to-head. Compare their spreads, regulation, platforms, and fees below.

Last updated: May 10, 2026

Executive Summary

IG and OANDA are both well-established forex brokers, but they serve different types of traders. IG scores 99/100 in our TrustMetrics™ system, edging ahead of OANDA's 96/100.

On pricing, IG offers tighter EUR/USD spreads (0.7 pips vs 1.2 pips). IG supports IG Platform, MT4, ProRealTime, L2 Dealer while OANDA offers OANDA Trade, MT4, TradingView, giving IG an edge in platform diversity.

For regulation, IG holds licenses from FCA, ASIC, CFTC, MAS while OANDA is regulated by CFTC, FCA, ASIC, CIRO. Both brokers offer segregated client funds and are considered safe for retail trading.

IG

Trust Score: 99

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OANDA

Trust Score: 96

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The Verdicts

Most Trusted

IG scores higher in our TrustMetrics system (99/100) compared to OANDA (96/100), making it the safer choice.

Lowest Spreads

IG offers better pricing with an average EUR/USD spread of 0.7 pips, beating the 1.2 pip average of its competitor.

Best for Beginners

OANDA

With a lower minimum deposit requirement of $0, OANDA is the more accessible option for new traders.

Detailed Comparison

Feature	IG	OANDA
Trust Score	99/100	96/100
Spreads From	0.6 pips	1.0 pips
Avg EUR/USD Spread	0.7 pips	1.2 pips
Commission	$0	$0
Execution Speed	22ms	30ms
Max Leverage	1:200	1:50
Minimum Deposit	$250	$0
Instruments	17,000+	120+
Account Types	CFD, Spread Betting, DMA	Standard, Advanced Trader, Premium
Platforms	IG Platform, MT4, ProRealTime, L2 Dealer	OANDA Trade, MT4, TradingView
Top Regulators	FCA, ASIC, CFTC, MAS	CFTC, FCA, ASIC, CIRO
Withdrawal Speed	1-3 business days	1-3 business days
Inactivity Fee	$18 per month (after 24 months)	$10 per month (after 12 months)
Customer Support	24/5 Live Chat, Email, Phone	24/5 Live Chat, Email

Which Broker Should You Choose?

Choose IG if...

✓You need access to a massive range of instruments
✓You are a beginner and value education and simplicity
✓Maximum regulatory protection is your top priority

Choose OANDA if...

✓You want to start with a very low minimum deposit
✓You want to trade directly from TradingView charts
✓Maximum regulatory protection is your top priority

IG Pros & Cons

Pros

✓ Unmatched regulatory trust with 6+ Tier-1 licenses
✓ Massive selection of 17,000+ tradable instruments
✓ World-class educational resources (IG Academy)
✓ Premium proprietary trading platform with guaranteed stops

Cons

× No MT5 platform available
× Spreads can be wider than raw ECN competitors
× High minimum deposit for bank transfers

OANDA Pros & Cons

Pros

✓ Accepts US clients and is heavily regulated globally
✓ No minimum deposit requirement
✓ Native TradingView integration
✓ Advanced charting and elite market analysis

Cons

× Smaller product catalog compared to IG or CMC Markets
× Spreads on the standard account are relatively high
× No MT5 platform

The Bottom Line: IG vs OANDA

Choose IG if you want:

✓ Instrument Variety
✓ Regulatory Trust
✓ Research
✓ UK Traders
✓ Tighter EUR/USD spreads (0.7 pips)

Choose OANDA if you want:

✓ US Traders
✓ API Trading
✓ No Minimum Deposit
✓ TradingView
✓ No minimum deposit

Both brokers are featured in our top broker rankings. Your choice should depend on your specific trading style, preferred platform, and geographical location.

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