IG Markets
BaFin/FCA
Oanda
FCA/NFA
IG Markets vs Oanda
Head-to-Head Comparison 2026
Our Verdict
IG Markets has a higher rating of 4.6/5 compared to Oanda (4.2/5). IG Markets offers 7 instrument types, while Oanda offers 6. The minimum deposit is lower at Oanda with 0 €. IG Markets is BaFin-regulated, while Oanda is supervised by FCA/NFA. IG Markets offers options trading, while the other does not.
Comparison Table
| Criteria | IG Markets | Oanda |
|---|---|---|
| Rating | 4.6/5 (2500 reviews)✓ | 4.2/5 (1500 reviews) |
| Regulation | BaFin/FCA | FCA/NFA |
| Fees | Spreads from 0.6 pip on forex, from 0.1% on stock CFDs | Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing) |
| Min. Deposit | 300 € | 0 € |
| Instruments | CFDs, Forex, Options, Indices, Commodities, Stocks CFDs, Crypto | Forex, CFDs, Indices, Commodities, Bonds, Metals |
| Platforms | IG Platform, MT4, ProRealTime, L2 Dealer | OANDA Trade, MT4, MT5, TradingView |
| Options Trading | Yes, vanilla options and barriers | No, forex and CFD trading |
| Spread (typical) | EUR/USD from 0.6 pip (typical) | EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission |
| Execution Speed | ~17 ms | — |
| Inactivity Fee | £12/month after 24 months of inactivity | $10/month after 12 months of inactivity |
| Founded | 1974 | 1996 |
| Headquarters | London | New York |
Detailed Comparison
Fee Comparison
IG Markets: Spreads from 0.6 pip on forex, from 0.1% on stock CFDs. Minimum deposit: 300 €. Spread: EUR/USD from 0.6 pip (typical). Inactivity fee: £12/month after 24 months of inactivity.
Oanda: Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). Minimum deposit: 0 €. Spread: EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission. Inactivity fee: $10/month after 12 months of inactivity.
Execution Quality
IG Markets
Execution: ~17 ms
Oanda
No data available
Product Range
IG Markets (7 categories)
Oanda (6 categories)
Trading Platforms
IG Markets
- IG Platform
- MT4
- ProRealTime
- L2 Dealer
Oanda
- OANDA Trade
- MT4
- MT5
- TradingView
Regulation & Security
IG Markets is regulated by BaFin/FCA (HQ: London).
Oanda is regulated by FCA/NFA (HQ: New York).
Who Is It For?
IG Markets
World-leading CFD provider with 50 years of experience
✓ Over 17,000 markets available
✓ Vanilla options and barriers available
✓ Very long company history since 1974
✗ Minimum deposit €300
✗ High fees for small accounts
Oanda
Forex specialist with advanced technology since 1996
✓ No minimum deposit required
✓ Flexible lot sizes from 1 unit
✓ Advanced analysis tools
✗ Limited product range
✗ No stocks or ETFs
Frequently Asked Questions
Is IG Markets or Oanda cheaper?
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IG Markets vs Oanda: Which broker is better overall?
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IG Markets
World-leading CFD provider with 50 years of experience
Open Account →From 300 € min. deposit