Broker comparison

IG Markets vs.
Oanda

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

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.

World-leading CFD provider with 50 years of experience

Forex specialist with advanced technology since 1996

At a glance

The key differences

Criterion
PlatformsIG Platform, MT4, ProRealTime, L2 DealerOANDA Trade, MT4, MT5, TradingView
Product typesCFDs, Forex, Options, Indices, Commodities, Stocks CFDs, CryptoForex, CFDs, Indices, Commodities, Bonds, Metals
Options tradingYes, vanilla options and barriersNo, forex and CFD trading
Fee modelSpreads from 0.6 pip on forex, from 0.1% on stock CFDsSpreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)
Minimum deposit300 €0 €
RegulationBaFin/FCAFCA/NFA
More informationDetailsDetails

Platforms

IG Markets

IG Platform, MT4, ProRealTime, L2 Dealer

Oanda

OANDA Trade, MT4, MT5, TradingView

Product types

IG Markets

CFDs, Forex, Options, Indices, Commodities, Stocks CFDs, Crypto

Oanda

Forex, CFDs, Indices, Commodities, Bonds, Metals

Options trading

IG Markets

Yes, vanilla options and barriers

Oanda

No, forex and CFD trading

Fee model

IG Markets

Spreads from 0.6 pip on forex, from 0.1% on stock CFDs

Oanda

Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)

Minimum deposit

IG Markets

300 €

Oanda

0 €

Regulation

IG Markets

BaFin/FCA

Oanda

FCA/NFA

More information

IG Markets

Details

Oanda

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

Spreads from 0.6 pip on forex, from 0.1% on stock CFDs

Published fee
Spreads from 0.6 pip on forex, from 0.1% on stock CFDs
Minimum deposit
300 €
Inactivity
£12/month after 24 months of inactivity
See terms at provider

Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)

Published fee
Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)
Minimum deposit
0 €
Inactivity
$10/month after 12 months of inactivity
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

CFDsForexOptionsIndicesCommoditiesStocks CFDsCrypto
ForexCFDsIndicesCommoditiesBondsMetals

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

IG Platform · MT4 · ProRealTime · L2 Dealer

IG Markets offers four trading platforms: The IG Platform is the proprietary web platform with advanced charts, market analyses, and over 17,000 markets. MT4 is available for automated trading and Expert Advisors. ProRealTime offers professional chart analysis with over 100 indicators and backtesting capabilities. L2 Dealer enables Direct Market Access (DMA) for professional traders. All platforms support trading in CFDs, forex, and options.

Explore platform

OANDA Trade · MT4 · MT5 · TradingView

Oanda offers the OANDA Trade platform, MT4, MT5, and TradingView. The OANDA Trade platform is the proprietary development with an intuitive interface, advanced charting tools, technical analysis indicators, and integrated market analyses. MT4 and MT5 support automated trading with Expert Advisors. TradingView offers a community-based charting environment. All platforms support Oanda's unique flexible lot sizes and provide mobile versions.

Explore platform

Regulation & security

BaFin/FCA

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

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

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

Find the broker that fits

IG Markets oder Oanda?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

IG Markets4.6
  • Over 17,000 markets available
  • Vanilla options and barriers available
  • Very long company history since 1974
Oanda4.2
  • No minimum deposit required
  • Flexible lot sizes from 1 unit
  • Advanced analysis tools
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between IG Markets and Oanda?
IG Markets: Spreads from 0.6 pip on forex, from 0.1% on stock CFDs. Oanda: Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: IG Markets or Oanda?
IG Markets offers CFDs, Forex, Options, Indices, Commodities, Stocks CFDs, Crypto. Oanda offers Forex, CFDs, Indices, Commodities, Bonds, Metals.
How are IG Markets and Oanda regulated?
The broker profiles list BaFin/FCA for IG Markets and FCA/NFA for Oanda. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is IG Markets or Oanda better for beginners?
IG Markets lists a 300 € minimum deposit and offers IG Platform, MT4, ProRealTime, L2 Dealer. Oanda lists 0 € and offers OANDA Trade, MT4, MT5, TradingView. Compare usability, available products and costs for your intended use.
IG Markets vs Oanda: Which broker is better overall?
The choice between IG Markets (4.6/5, 2500 reviews) and Oanda (4.2/5, 1500 reviews) depends on your needs. IG Markets: World-leading CFD provider with 50 years of experience. Oanda: Forex specialist with advanced technology since 1996.
How do spreads compare between IG Markets and Oanda?
IG Markets offers typical spreads of EUR/USD from 0.6 pip (typical). Oanda offers EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission. Tighter spreads reduce trading costs especially for active trading.
Do IG Markets or Oanda charge an inactivity fee?
IG Markets: £12/month after 24 months of inactivity. Oanda: $10/month after 12 months of inactivity.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise