IFC Markets vs Oanda
IFC Markets | OANDA |
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2.9
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4.3
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Traders from US not accepted
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Traders from US not accepted
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IFC Markets is an STP broker that was founded in 2006 and has since gained 200,000 clients and several awards. This broker has some of the most interesting and wide-ranging additional tools, elevating its clients' trading experience via portfolio quoting, personal composite instruments and extensive analytics. |
OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. |
Customer Reviews | |
4
Based on 3 OANDA customer reviews
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Bonus Offer | |
30% welcome bonus + 30% activity bonus | |
Comment by Reviewer | |
"I recommend this firm to users looking for new speculative opportunities and strategies not available at most brokers, including a blockchain-based proprietary platform and a bespoke synthetic instrument development tool. That said, it's a shame that the firm is not regulated by a more reputable authority." | "OANDA will serve day traders looking for a trustworthy broker with a beginner-friendly platform, superb research and straightforward account opening. The $0 minimum deposit and excellent customer support makes it especially attractive to newer traders." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$1, ¥100 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
BVI FSC, SC, Labuan Financial Services Authority | FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI |
Margin Trading | |
No | Yes |
Margin Rate | |
2% | |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
Yes | OANDA Trade, MT4 |
Android App Rating | |
3.7 |
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iOS App Rating | |
4.7 |
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Auto Trading | |
Yes (APIs) | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
Follow and profit from top traders using IFC Market's copy solution. | |
Social Trading | |
Yes | No |
Trade Signals | |
Yes (Via Chartist Software) | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Inactivity Fee | |
$10 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
IFC Markets clients can access CFDs across commodities, cryptos, indices and ETFs. I’m pleased to see that assets are all available on MT4, MT5 and NetTradeX with decent leverage rates of up to 1:400. | You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms. |
Leverage | |
1:400 | 1:200 |
FTSE Spread | |
300 | 1.0 |
GBPUSD Spread | |
3 | 1.4 |
Oil Spread | |
12 | 3.0 |
Stocks Spread | |
Variable | 12 (Apple Inc) |
Forex Trading | |
I like that there’s a decent range of 50+ major, minor and exotic forex pairs available at IFC Markets, with just a $1 minimum deposit. That said, spreads are fixed from 1.8 pips, which isn’t the lowest I’ve seen. | OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds. |
GBPUSD Spread | |
3 | 1.4 |
EURUSD Spread | |
1.8 | 0.8 |
EURGBP Spread | |
1.8 | 0.9 |
Assets | |
50 | 68 |
Currency Indices | |
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Cryptocurrency | |
IFC Markets also boasts a good selection of 15 cryptocurrency CFD pairs and I’m particularly impressed to see Bitcoin futures on offer. The free demo account is an excellent place to start if you want to practice your crypto trading strategies. | OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility. |
Spread | |
50 pips | $100 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
More Comparisons | |
IFC Markets vs |
OANDA vs |