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Oanda vs Interactive Brokers

OANDA vs Interactive Brokers Comparison Table 2023
OANDA Interactive Brokers
WINNER
OANDA is the better broker
Review
4.5
United States Flag Traders from US accepted
Review
Not Yet Rated
United States Flag Traders from US accepted
OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
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 US Broker 2023 - DayTrading.com
  • 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 Stocks, Futures, E-minis, Options, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $10000
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits
Minimum Trade
$0 $100
Regulator
CFTC, NFA SEC, FCA, IIROC, SFC
Margin Trading
Yes Yes
Margin Rate
1.55 - 2.59%
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No Yes
OmniTrader
No Yes
TradingView
Yes No
Autochartist
Yes No
eSignal
No Yes
Trading Central
No Yes
STP Account
No Yes
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
FxTrade, MT4 iOS, Android and Windows
Auto Trading
EAs
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • HUF
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered
Leverage
1:30 EU, 1:200 Global 1:50
FTSE Spread
1.0 0.005% (£1 Min)
GBPUSD Spread<
3.4 Commission (.20 pts x trade value)
Oil Spread
3.0 N/A
Stocks Spread
Not offered From 0.003 per share, variable
Forex Trading
Take positions on major, minor and exotic currency pairs with competitive trading conditions.
Forex App

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
3.4 Commission (.20 pts x trade value)
EURUSD Spread
1.6 Commission (.20 pts x trade value)
EURGBP Spread
1.7 Commission (.20 pts x trade value)
Assets
70 70+
Cryptocurrency
Speculate on the world's biggest cryptos by market cap
Spread
$100
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • MATIC
  • UNI
  • AAVE
  • SOL
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
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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