Your capital is at risk. Trade only with funds you can afford to lose.
IG
#23 in our CFD broker rankings
Accepts traders from SI
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Rating breakdown
- Regulation & trust4.4same as OANDA (4.4)
- Assets & markets4.51.1 higher than OANDA (3.4)
- Fees & costs5.01.5 higher than OANDA (3.5)
- Platforms & tools4.81.5 higher than OANDA (3.3)
- Accounts & banking4.00.5 higher than OANDA (3.5)
- Education4.80.5 higher than OANDA (4.3)
- Research4.91.1 higher than OANDA (3.8)
- Customer support4.5same as OANDA (4.5)
OANDA’s score. Numbers show the difference.
OANDA
#70 in our CFD broker rankings
Accepts traders from SI
Rating breakdown
- Regulation & trust4.4same as IG (4.4)
- Assets & markets3.41.1 lower than IG (4.5)
- Fees & costs3.51.5 lower than IG (5.0)
- Platforms & tools3.31.5 lower than IG (4.8)
- Accounts & banking3.50.5 lower than IG (4.0)
- Education4.30.5 lower than IG (4.8)
- Research3.81.1 lower than IG (4.9)
- Customer support4.5same as IG (4.5)
IG’s score. Numbers show the difference.
| IG | OANDA | |
|---|---|---|
| Overview | Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders. | 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 | Based on 3 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | – | |
| Comment by Reviewer | “IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.” | “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.” |
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| Awards | – |
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| Instruments | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $0 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB | FCA, CIRO, ASIC, MAS, JFSA, KNF, BVI FSC |
| Margin Trading | Yes | Yes |
| Margin Rate | 1.0% – 1.5% for Forex, 3.0% – 3.4% for Shares, Indices, and Commodities | 2% |
| 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 | Yes | No |
| Robo Advisor | Yes | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | iOS & Android | OANDA Trade, MT4 |
| App Review | 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. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested. | – |
| Android App Rating | ||
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| Auto Trading | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | Expert Advisors (EAs) on MetaTrader and OANDA API |
| 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 |
| Inactivity Fee | $12 | $10 |
| Islamic Account | No | No |
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| CFD Trading | ||
| Overview | IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. | 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 | 1:30 (Retail), 1:250 (Pro) | 1:200 |
| FTSE Spread | 1.0 | 1.0 |
| GBPUSD Spread | 0.9 | 1.4 |
| Oil Spread | 2.8 | 3.0 |
| Stocks Spread | 0.02 | 12 (Apple Inc) |
| Forex Trading | ||
| Overview | IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. | 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 | 0.9 | 1.4 |
| EURUSD Spread | 0.86 | 0.8 |
| EURGBP Spread | 0.9 | 0.9 |
| Assets | 80+ | 68 |
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| Cryptocurrency | ||
| Overview | IG offers a growing selection of over 100 crypto CFDs and digital assets for buying, selling and storing. It also stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. Its crypto offering was also bolstered in the UK after it secured a digital asset license from the FCA, providing trading and investing on popular crypto coins in a regulated setting. It has also expanded its spot crypto offering to Australia, France, and Singapore. | 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 | Variable | $100 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.