IQ Option vs Oanda
| IQ Option | OANDA |
|---|---|
4
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4.5
OANDA is #4 in our broker rankings. |
 Traders from US not accepted |
Traders from US accepted |
|
Open an account with just $10. Trade via CFD over 10 Cryptocurrencies directly, traditional forex with low spreads. |
OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions. |
| RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | CFDs are not available to residents in the United States. |
| Bonus Offer | |
| $5,000 welcome bonus with a deposit of $500 | |
| Comment by Reviewer | |
| "IQ Option is a good broker for beginners with an easy to use platform and a low minimum investment." | "We recommend OANDA for traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick for US traders with authorization from local regulators and a secure trading environment." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFD, Forex, Crypto, Stocks, Digital Options | Forex |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $0 |
| Payment Methods | |
| Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits | |
| Minimum Trade | |
| 0.001 lots | $0 |
| Regulator | |
| CFTC, NFA | |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 0.2% | |
| MetaTrader 4 | |
| No | Yes |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | Yes |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| 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 | |
| Yes | No |
| Market Maker | |
| Yes | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS, Android and Windows | FxTrade, MT4 |
| Auto Trading | |
| EAs | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| Yes | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| IQ Option offers highly leveraged CFDs on 6 asset classes through its award-winning platform. | CFD trading not offered |
| Leverage | |
| 1:500 | 1:30 EU, 1:200 Global |
| FTSE Spread | |
| 1.0 | |
| GBPUSD Spread | |
| 1 | 3.4 |
| Oil Spread | |
| 2.3 | 3.0 |
| Stocks Spread | |
| 2 | Variable |
| Forex Trading | |
| IQ Option offer forex trading on a range of currencies. Spreads are on the high side and the brand do not excel in this area. | OANDA offers over 70 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools. |
| Forex App | |
IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account. |
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 | |
| 5 pips | 3.4 |
| EURUSD Spread | |
| 14 pips | 1.6 |
| EURGBP Spread | |
| 15 pips | 1.7 |
| Assets | |
| 250+ | 70 |
| Cryptocurrency | |
| IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets. | Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Users can also trade digital currencies in a few taps through the iOS and Android mobile app. |
| Spread | |
| BTC 7%, ETH 12% (Var) | $100 |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low minimum deposit. | Binary options trading not offered |
| Payout | |
| 91% | |
| Ladder Options | |
| Yes | No |
| Boundary Options | |
| Yes | No |
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| RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | CFDs are not available to residents in the United States. |
| More Comparisons | |
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IQ Option vs |
OANDA vs |