Intro
Even though both Oanda and IG are forex/CFD brokerage giants, IG provides more of a premium service experience.
While they are very similar in most categories, IG has a broader selection of products (including ETFs and real stocks. IG’s trading platforms are superior even when compared to Oanda’s well-built platforms.
Oanda is much stronger when it comes to fees and customer service, despite the latter operating only 24/5.
| Oanda | IG | |
|---|---|---|
| Overall score | 4.6 | 4.4 |
| Summary | Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC. | IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA. |
| Recommended for | Forex traders who value a user-friendly platform and great research tools | Traders of any experience level looking for an easy-to-use trading platform |
| Fees score | 4.2 stars | 2.9 stars |
| Account opening score | 4.2 stars | 4.2 stars |
| Deposit and withdrawal score | 4.2 stars | 4.5 stars |
| Web platform score | 4.5 stars | 5.0 stars |
| Mobile platform score | 5.0 stars | 5.0 stars |
| Desktop platform score | 4.5 stars | - |
| Customer service score | 4.5 stars | 3.6 stars |
| Education score | 4.8 stars | 5.0 stars |
| Research score | 4.5 stars | 3.7 stars |
| Markets and products score | 1.8 stars | 3.5 stars |
Visit Oanda
78.3% of retail CFD accounts lose money
Pros to Oanda and IG
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Great trading platforms
Cons of Oanda and IG
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Product portfolio limited to FX and CFDs
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Customer support problems: slowness and limited opening hours (i.e. not 24/7)
For more details on IG versus OANDA check out our comparison tool.
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