Compare OANDA Vs Interactive Brokers: Which is the Better Forex Broker in 2024?
OANDA Vs Interactive Brokers, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between OANDA Vs Interactive Brokers, here is the direct comparison:
Compare | OANDA | Interactive Brokers |
General Rating |
3.11/5 |
2.42/5 |
Score | ||
Trustpilot |
3.6/5 544 users |
3.6/5 2620 users |
πΌ Regulation | ||
β Info | ||
β Established | 1996 | 1977 |
π² Min Deposit | $0 | $10000 |
β Max Leverage | 1:20 | 1:100 |
π’ Spread | Fixed | Fixed |
πΈ Commissions | -$50/Mil commission for Core pricing | |
π‘ Min Position | 0.00001 lot | 0.25 lot |
π³ Payment | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller | Wire transfer, Check and BPAY |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Silver | ||
Index | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | English | German, Spanish, French, Italian, Japanese, Russian, Chinese |
πͺ Trade Now | Open OANDA | Open Interactive Brokers |
Compare Again
Testimonials
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OANDA: Les risk
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OANDA: OANDA is the best broker I've ever know.
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OANDA: My EA doesn't work very well after some time. So...
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OANDA: My friend recommend me to trade with OANDA. But it...
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OANDA: I realize half on these commentaries are only half reliable....
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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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See More OANDA Testimonials
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See More Interactive Brokers Testimonials
News
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Interactive Brokers Forex Broker Sees 11% Jump in DARTs
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Interactive Brokers Rocks Q4: Strong Revenue Led by Options Surge
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Interactive Brokers Continues Success, Surpassing 2.5 Million Clients
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Interactive Brokers Merging Europe and Ireland Office
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Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
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Interactive Brokers Trading Volume in August Remains Flat
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OANDA Acquired Crypto Exchange Coinpass
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Interactive Brokers Reported Decline Revenue and High DART
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CySEC Exposed OANDA TMS Clone Website
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See More Related OANDA News
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See More Related Interactive Brokers News
Article
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Guide to Choose the Best OANDA Platform
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Standard Account Comparison: IC Markets or OANDA?
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Forex Brokers in 2022: How OANDA Performed
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How to Open Account in OANDA
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All You Need to Know about OANDA Swap Free Account
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Forex.com or OANDA, Which is Better?
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Is OANDA a Good Broker for Beginners?
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Breaking Down OANDA's Tight Spreads
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What is OANDA Currency Converter and How to Use It
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See More Related OANDA Article
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See More Related Interactive Brokers Article
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, OANDA provides their pricing with Fixed spread while Interactive Brokers offers Fixed spread.
OANDA vs Interactive Brokers: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. The offer is supported with . In comparison, Interactive Brokers provides trading with Web Trader (SerSart), FX-Trader, Trader Workstation with the support of One-click trading, Trailing stop, Pending orders.
Is OANDA or Interactive Brokers better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, OANDA supports trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf, while Interactive Brokers presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to OANDA and Interactive Brokers:
- Compare OANDA vs Orbex
- Compare OANDA vs Admirals
- Compare OANDA vs FXGT
- Compare Interactive Brokers vs GOMarkets
- Compare Interactive Brokers vs FXTM
- Compare Interactive Brokers vs Octa
For more comparisons, visit this page.