United States
United Kingdom
Germany
Netherlands
Australia
United Arab Emirates
Canada
Italy
Spain
Austria
Croatia
Serbia
Portugal
CyprusIG vs OANDA
What each one charges, who licenses it, and how they rank against each other country by country.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The short version
We rank both for forex in 2 countries, and IG comes out ahead in every one of them.
We score each country separately, based on the company that would actually hold your account there, so check your own country in the table below.
On the one fee we could check for both, they charge the same.
Both hold top-tier (tier-1) licences: IG from FCA, BaFin and ASIC, OANDA from CFTC / NFA, FCA, ASIC and CIRO.
- Both charge the same for EUR/USD: 0.6 pips all-in.
- We list IG in 9 of the 14 countries we cover and OANDA in 4. They overlap in 2.Edge: IG
- Only IG offers stocks & ETFs.
- Only OANDA supports MetaTrader 5.
- OANDA gets more search attention than IG (Market Signal 74 vs 71). That tells you how well known it is, not how good it is.
Where you can use each one
Where each one ranks on our list in every country we cover, its Coinish Score there, and the company that would hold your account. If a broker isn't allowed to take clients from a country, it isn't on that country's list.
Forex brokers
| Country | IG | OANDA |
|---|---|---|
| Australia | #1 of 1677/100Locally licensed IG Australia Pty Ltd · ASIC | #2 of 1672/100Locally licensed OANDA Australia Pty Ltd · ASIC |
| United Kingdom | #2 of 1777/100Locally licensed IG Markets Ltd · FCA | #5 of 1771/100Locally licensed OANDA Europe Limited · FCA |
| Austria | #1 of 2877/100EU passport IG Europe GmbH · BaFin | Not listed |
| Canada | Not listed | #1 of 672/100Locally licensed OANDA (Canada) Corporation ULC · CIRO |
| Germany | #1 of 2977/100Locally licensed IG Europe GmbH · BaFin | Not listed |
| Italy | #1 of 3177/100EU passport IG Europe GmbH · BaFin | Not listed |
| Netherlands | #1 of 2877/100EU passport IG Europe GmbH · BaFin | Not listed |
| Portugal | #1 of 2977/100EU passport IG Europe GmbH · BaFin | Not listed |
| Spain | #1 of 2977/100EU passport IG Europe GmbH · BaFin | Not listed |
| United Arab Emirates | #1 of 1175/100Locally licensed IG (DIFC branch) · DFSA | Not listed |
| United States | Not listed | #1 of 472/100Locally licensed OANDA Corporation · CFTC / NFA |
CFD brokers
| Country | IG | OANDA |
|---|---|---|
| Australia | #1 of 1877/100Locally licensed IG Australia Pty Ltd · ASIC | #3 of 1872/100Locally licensed OANDA Australia Pty Ltd · ASIC |
| United Kingdom | #2 of 1877/100Locally licensed IG Markets Ltd · FCA | #6 of 1871/100Locally licensed OANDA Europe Limited · FCA |
| Austria | #1 of 3077/100EU passport IG Europe GmbH · BaFin | Not listed |
| Canada | Not listed | #1 of 572/100Locally licensed OANDA (Canada) Corporation ULC · CIRO |
| Germany | #1 of 3177/100Locally licensed IG Europe GmbH · BaFin | Not listed |
| Italy | #1 of 3377/100EU passport IG Europe GmbH · BaFin | Not listed |
| Netherlands | #1 of 3077/100EU passport IG Europe GmbH · BaFin | Not listed |
| Portugal | #1 of 3177/100EU passport IG Europe GmbH · BaFin | Not listed |
| Spain | #1 of 3177/100EU passport IG Europe GmbH · BaFin | Not listed |
| United Arab Emirates | #1 of 1275/100Locally licensed IG (DIFC branch) · DFSA | Not listed |
Fees and features side by side
| IG | OANDA | |
|---|---|---|
| Products | Forex, CFDs, Stocks & ETFs, Options | Forex, CFDs |
| Owner | IG Group Holdings Plc | FTMO (acquired OANDA Global Corporation from CVC, Dec 2025) |
| EUR/USD all-in cost | 0.6 pips, CFD / spread bet (minimum spread 0.6, no commission) | 0.6 pips, spread-only (EUR/USD from 0.6 pips, no commission); UK site |
| US stock commission | $0 per order | Not verified yet |
| Currency conversion fee | 0.8% | Not verified yet |
| Inactivity fee | CHF 18 per month after 24 consecutive months with no trading (Swiss accounts; amount differs by region) | $20/month |
| Withdrawal fee | None | Not verified yet |
| Minimum deposit | $0 (IG Markets Ltd) | $0 (OANDA Corporation) |
| Instruments | 17,000+ | 1,700+ |
| Fractional shares | Not verified yet | Not verified yet |
| Platforms | IG web platform, IG trading app, ProRealTime, L2 Dealer, TradingView, MT4 | OANDA web platform, OANDA mobile app, TradingView, MT4, MT5 |
| Deposit methods | Debit card, Credit card, Apple Pay, Bank transfer | Debit card, Bank wire transfer, ACH |
| Withdrawal time (stated) | card 2–5 bank working days; bank transfer 1–3 working days | bank wire: 1–2 business days in the US, up to 5 internationally |
| Demo account | Yes | Yes |
| Support | live chat · 24/7 except Fri 22:00–Sat 08:00 (UK) | Not verified yet |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (IG, OANDA).
Licences
IG vs OANDA: common questions
Which is better, IG or OANDA?
We rank both for forex in 2 countries, and IG comes out ahead in every one of them. For reference, IG's best ranking is #1 of 33 CFD brokers in Italy, and OANDA's best ranking is #1 of 6 forex brokers in Canada.
Is IG cheaper than OANDA?
Both charge the same for EUR/USD: 0.6 pips all-in.
Is IG or OANDA better regulated?
Both hold top-tier (tier-1) licences: IG from FCA, BaFin and ASIC, OANDA from CFTC / NFA, FCA, ASIC and CIRO. Which company you actually sign up with depends on where you live; the country table on this page names it for each one.
Can I use both IG and OANDA where I live?
We list IG in 9 of the 14 countries we cover and OANDA in 4. They overlap in 2. For forex, you'll find both on our lists in Australia and United Kingdom.