Head-to-Head Comparison
IG vs OANDA
Complete side-by-side comparison based on verified data from official sources. See which broker offers better trading conditions for your needs.
IG
FCA
Est. 1974
VS
Score
2:2
OANDA
FCA
Est. 1996
Quick Summary
IG (established 1974) and OANDA (established 1996) are both regulated forex and CFD brokers. OANDA offers tighter spreads starting from 0 pips, compared to IG's 0.6 pips. Both brokers offer similar maximum leverage of 200:1.
Trading Conditions
Feature
IG
OANDA
Min. Spread
0.6 pips
0 pips
Min. Deposit
$0
$0
Max Leverage
200:1
200:1
Execution
Market Maker / DMA
Market Maker
Instruments
18000+
100+
Founded
1974
1996
Headquarters
United Kingdom
United States
Regulation & Licensing
IG
FCA(195355)
United Kingdom
BaFin(148759)
Germany/EU
BMA(54833)
Bermuda
OANDA
FCA(461819)
United Kingdom
NFA(0325821)
United States
MAS(CMS100231)
Singapore
ASIC(412981)
Australia
CIRO
Canada
FSC(SIBA/L/20/1130)
British Virgin Islands
Platforms & Features
Feature
IG
OANDA
Platforms
IG Online Platform, MetaTrader 4, ProRealTime, L2 Dealer, MetaTrader 5
OANDA Trade, MetaTrader 4
Copy Trading
VPS Hosting
Neg. Balance Protection
Islamic Account
Demo Account
Server Infrastructure
Metric
IG
OANDA
Total Servers
2
2
Total Endpoints
9
7
Countries
1
4
Hosting Providers
IG Knowhow Limited
Liquidity Connect LLC, Cloudflare, Beeks Financial Cloud
Account Types
IG
CFD Trading
Spread: 0.6 pipsMin: $300Lev: 200:1
Spread Betting
Spread: 0.6 pipsMin: $0Lev: 30:1
OANDA
Standard
Spread: 0.6 pipsMin: $0Lev: 200:1
Core
Spread: 0 pipsMin: $0Lev: 200:1Comm: $5/100k
Verdict: IG vs OANDA
Based on our verified data analysis, both brokers are evenly matched across our comparison criteria. Your choice should depend on your specific trading priorities.
Choose OANDA if you prioritize the tightest possible spreads.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.