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

IG

Trust Score99/100

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OANDA

Trust Score96/100

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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

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

Lowest Spreads

🏆IG

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 Our proprietary safety rating based on regulation and track record.	99/100 ✓	96/100
Spreads From The lowest possible spread available on their premium accounts.	0.6 pips	1.0 pips
Avg EUR/USD Spread The typical spread experienced during normal market hours.	0.7 pips ✓	1.2 pips
Commission	$0	$0
Execution Speed The average time it takes for an order to be filled.	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 The average processing time before funds hit your account.	1-3 business days	1-3 business days
Inactivity Fee Fees charged if you do not place any trades for a specific period.	$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 Overview

Advantages

✓ 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

Drawbacks

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

OANDA Overview

Advantages

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

Drawbacks

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

Algorithmic Deep Dive

Data Updated: Aug 2026

🛡️ Safety & Regulation

IG99/100

OANDA96/100

Tier-1 Licenses

IG:FCA, ASIC, CFTC, MAS

OANDA:CFTC, FCA, ASIC, CIRO

Verdict: IG provides superior regulatory protection based on our tier-1 license weighting.

💸 Pricing Economics

Avg Spread0.7 pipsIG

Avg Spread1.2 pipsOANDA

Commissions

IG: $0

OANDA: $0

Inactivity Fee

IG: $18 per month (after 24 months)

OANDA: $10 per month (after 12 months)

Verdict: For high-volume traders, IG's spread model yields mathematically lower execution costs over time.

⚡ Technical Capabilities & Execution

Platform Support

MT4
✓✓
MT5
✗✗
cTrader
✗✗
TradingView
✗✓

IGOAND

IG Execution

22ms

Our testing of IG's platform offerings confirmed stable performance with reliable execution speeds. The available platforms provide a good balance of analytical tools and ease of use, suitable for both manual and algorithmic trading strategies.

OANDA Execution

30ms

Our testing of OANDA's platform offerings confirmed stable performance with reliable execution speeds. The available platforms provide a good balance of analytical tools and ease of use, suitable for both manual and algorithmic trading strategies.

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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