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Oanda vs IG

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 vs IG
  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

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Pros to Oanda and IG

  • Great trading platforms

Cons of Oanda and IG

  • Product portfolio limited to FX and CFDs

  • 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.

 

Back to Oanda alternatives

Back to Oanda review for 2022

 

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Author of this article

Edith Balázs

Author of this article

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Edith Balázs

Senior Editor

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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