IG Group vs Oanda

IG Group vs OANDA Comparison Table 2022
IG Group OANDA
WINNER
OANDA is the better broker
4.4
United States Flag Traders from US accepted
4.5
United States Flag Traders from US accepted
IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence. OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus
Forex trading involves risk. Losses can exceed deposits OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
Awards
  • Best Customer Service 2022 - Online Money Awards
  • Best Spread Betting Provider 2022 - Online Money Awards
  • Best Platform for the Active Trader 2022 - ADVFN International Financial Awards
  • Best Multi Platform Provider 2022 - ADVFN International Financial Awards
  • Best Finance App 2022 - ADVFN International Financial Awards
  • Best Trading Tools winner
  • (Online Personal Wealth Awards 2021)
  • Awarded highest overall client satisfaction
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Awarded highest client satisfaction for mobile platform/app
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Voted Most Popular Broker 2021
  • (TradingView Broker Awards)
  • Voted Best Forex and CFD Broker 2021
  • (TradingView Broker Awards)
Bonus
$5,000 welcome bonus with a deposit of $500
Instruments
Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting Forex
Demo Account
Yes Yes
Minimum Deposit
£250 $0
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits
Minimum Trade
0.1 lots $0
Regulator
FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin CFTC, NFA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
Yes Yes
eSignal
No No
Trading Central
Yes No
STP Account
No No
ECN Account
No No
DMA Account
Yes 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
Yes No
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android FxTrade, MT4
Auto Trading
Yes EAs
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
Yes Yes
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Trade leveraged CFDs on a variety of assets including stocks, commodities and forex CFD trading not offered
Leverage
1:30 1:30 EU, 1:200 Global
FTSE Spread
1.0 pt 1.0
GBPUSD Spread<
from 0.589 pips 3.4
Oil Spread
2.8 pips 3.0
Stocks Spread
Variable Not offered
Forex Trading
Trade a range of major, minor and exotic currencies Take positions on major, minor and exotic currency pairs with competitive trading conditions.
Forex App

IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user friendly layout, access to full charting and a stable and reliable application. Top marks.

The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.

GBPUSD Spread
from 0.589 pips 3.4
EURUSD Spread
from 0.165 pips 1.6
EURGBP Spread
from 0.540 pips 1.7
Assets
90+ 70
Cryptocurrency
Trade four major cryptocurrencies paired with USD Crypto trading not offered
Spread
Variable $100
Coins
  • BTC
  • BCH
  • LTC
  • ETH
  • BTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Forex trading involves risk. Losses can exceed deposits OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
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