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.
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
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?
IChoose 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
OChoose 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
- ✓ Instrument Variety
- ✓ Regulatory Trust
- ✓ Research
- ✓ UK Traders
- ✓ Tighter EUR/USD spreads (0.7 pips)
- ✓ 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.
Frequently Asked Questions
Which is safer: IG or OANDA?
IG scores higher in our TrustMetrics system (99/100) compared to OANDA (96/100), making it the safer choice.
Who has lower spreads: IG or OANDA?
IG offers better pricing with an average EUR/USD spread of 0.7 pips, beating the 1.2 pip average of its competitor.
Which has a lower minimum deposit: IG or OANDA?
With a lower minimum deposit requirement of $0, OANDA is the more accessible option for new traders.
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