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IG vs OANDA

Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.

IG rating

4.7

OANDA rating

4.6

Score gap

1 pts

Matchup

Head to head

Winners by category

Pricing & spreads

OANDA leads— Edge for OANDA (96.2 vs 91.6).

Regulation breadth

Tie— Too close to call on available data.

User experience

IG leads— Edge for IG (73.3 vs 72.1).

Editorial composite

IG leads— Edge for IG (104.1 vs 102.8).

Full comparison table

Rating

4.7

OANDA

4.6

Model score

OANDA

Regulation

FCA (UK), ASIC (Australia), CFTC/NFA (USA), MAS (Singapore), FINMA (Switzerland), JFSA (Japan), DFSA (Dubai), FMA (New Zealand)

OANDA

CFTC/NFA (USA), FCA (UK), ASIC (Australia), MAS (Singapore), IIROC (Canada), CIRO (Canada), JFSA (Japan)

Spreads

Spreads start from 0.6 pips on EUR/USD for standard accounts, and down to 0.1 pips via Forex Direct (DMA). High-speed execution with smart order routing.

OANDA

Spreads start from 0.0 pips on Core + Commission accounts, and from 1.0 pips on Standard Core accounts. Fully automated V20 execution engine with zero requotes.

Fees

Forex & Indices CFD pricing is spread-only with standard EUR/USD spreads averaging around 0.6 – 0.8 pips. Share CFDs incur low regional commissions (e.g., US shares at $0.02/share). No deposit or withdrawal fees.

OANDA

Core Pricing: Spread-only pricing (average EUR/USD ~1.0 – 1.2 pips). Core + Commission: Raw spreads from 0.0 pips + $3.50 commission per side ($7.00 round turn). No deposit or withdrawal fees.

Platforms

IG Web Platform, IG Mobile App, MetaTrader 4 (MT4), TradingView, ProRealTime, L2 Dealer (DMA)

OANDA

fxTrade Web/Mobile, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView

Account types

CFD Account, Spread Betting (UK), Share Dealing, Options & Barriers, Professional Account, Demo

OANDA

Standard Core, Core + Commission, Premium / Elite Trader, Demo Account

Min deposit

$0 / £1 (bank transfer/card) Varies by region

OANDA

($0 )No minimum in some regions

Topic	IG	OANDA
Rating	4.7	4.6
Model score	90	89
Regulation	FCA (UK), ASIC (Australia), CFTC/NFA (USA), MAS (Singapore), FINMA (Switzerland), JFSA (Japan), DFSA (Dubai), FMA (New Zealand)	CFTC/NFA (USA), FCA (UK), ASIC (Australia), MAS (Singapore), IIROC (Canada), CIRO (Canada), JFSA (Japan)
Spreads	Spreads start from 0.6 pips on EUR/USD for standard accounts, and down to 0.1 pips via Forex Direct (DMA). High-speed execution with smart order routing.	Spreads start from 0.0 pips on Core + Commission accounts, and from 1.0 pips on Standard Core accounts. Fully automated V20 execution engine with zero requotes.
Fees	Forex & Indices CFD pricing is spread-only with standard EUR/USD spreads averaging around 0.6 – 0.8 pips. Share CFDs incur low regional commissions (e.g., US shares at $0.02/share). No deposit or withdrawal fees.	Core Pricing: Spread-only pricing (average EUR/USD ~1.0 – 1.2 pips). Core + Commission: Raw spreads from 0.0 pips + $3.50 commission per side ($7.00 round turn). No deposit or withdrawal fees.
Platforms	IG Web Platform, IG Mobile App, MetaTrader 4 (MT4), TradingView, ProRealTime, L2 Dealer (DMA)	fxTrade Web/Mobile, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView
Account types	CFD Account, Spread Betting (UK), Share Dealing, Options & Barriers, Professional Account, Demo	Standard Core, Core + Commission, Premium / Elite Trader, Demo Account
Min deposit	$0 / £1 (bank transfer/card) Varies by region	($0 )No minimum in some regions