Compare Oanda vs Interactive brokers

Oanda Oanda
Oanda Interactive brokers
Oanda Interactive brokers -
Established 1996 Established 1978
Web Web
Country Japan, New Zealand, Canada, USA, UK, Australia Country UK
Regulation FCA (UK) ASIC (Australia) CFTC Registered (USA) Regulation Authorised in the European Union (EU)
Number of CFD asset classes 4 Number of CFD asset classes 5
Broker type MM Broker type ECN, STP
Support Mail Support Phone Mail Chat
Deposit from 1 EUR/USD Deposit from 10 EUR/USD
Spreads 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. Spreads 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change.
Real Stocks and ETFs Real Stocks and ETFs
Platforms MetaTrader 4 (MT4) Social Trading / Copy-Trading Platforms Desktop Platform (Windows) Web Platform
Instruments CFD Commodities, Share CFDs, Forex, Indicies Instruments CFD Commodities, Options, Forex, ETF, Indicies
Funding methods
Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.
Funding methods
Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.

We have compared Oanda and Interactive brokers to see what the key differences are between these brokers.

Our goal was to create a comparison of brokers so you can get an overview of their features, fees, trading platforms, instruments and more.

Below is a comparison of Oanda VS Interactive brokers

During our testing, we evaluated various points that we liked, disliked or were indifferent to. When evaluating certain features, we tried to be objective and fair based on what features the broker offered versus how competitive its fees were. In addition, we created our own unique rating system that we use to judge all brokers.

Compare broker parameters depending on what you are interested in, cryptocurrencies, stocks, commodities or Forex? What is the difference between brokers Oanda vs Interactive brokers? At broker Oanda you can trade a total of 71 currency pairs, in total you can find over 89+ instruments. At broker Interactive brokers you can trade a total of 22 of currency pairs, in total you will find over 100+ instruments. Broker Oanda provides Has Education – CFDs, Has Education – Forex. Broker Interactive brokers offers trading platforms of type Desktop Platform (Windows), Web Platform.

Investments

# Oanda Interactive brokers
Currency Pairs (Total Forex pairs) 71 22
CFDs – Total Offered 89+ 100+
Options CFD No Yes
Share CFDs Yes No
Forex CFD Yes Yes
Commodities CFD Yes Yes
ETF CFD No Yes
Indicies CFD Yes Yes
Cryptocurrency traded as actual No No
Cryptocurrency traded as CFD No No
Real Stocks and ETFs Yes Yes
Investments rating 50% 62%
Winner

Cost

# Oanda Interactive brokers
Average Spread EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. 1 1
Deposit from 1 10
Account fee No No
Inactivity fee Yes Yes
Active Trader or VIP Discounts No No
Withdrawal fees Yes No
Deposit fees No No
Cost rating 60% 80%
Winner

Trading Platforms

# Oanda Interactive brokers
Desktop Platform (Windows) No Yes
Web Platform No Yes
Social Trading / Copy-Trading Yes No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) No No
Currenex No No
cTrader No No
Trading Platforms rating 100% 100%
Winner

Trading Tools

# Oanda Interactive brokers
Financial leverage Yes Yes
Virtual Trading (Demo) Yes Yes
Alerts – Basic Fields Yes Yes
Charting – Indicators / Studies (Total) Yes Yes
Charting – Drawing Tools (Total) Yes Yes
Charting – Trade From Chart Yes Yes
Stop-Loss Yes Yes
Finacial Calendar Yes Yes
Daily financial news Yes Yes
Order Type – Trailing Stop Yes Yes
Trading Tools rating 100% 100%
Winner

Mobile Trading

# Oanda Interactive brokers
Android App Yes Yes
Apple iOS App Yes Yes
Alerts – Basic Fields Yes Yes
SMS alerts No Yes
Mobile Trading Yes Yes
Mobile Trading rating 80% 100%
Winner

Research

# Oanda Interactive brokers
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Weekly Webinars No Yes
Social Sentiment – Currency Pairs No No
Economic Calendar No Yes
Research No Yes
Research rating 33% 83%
Winner

Education

# Oanda Interactive brokers
Has Education – Forex Yes Yes
Has Education – CFDs Yes Yes
Client Webinars No Yes
Videos – Advanced Trading Videos No Yes
Investor Dictionary (Glossary) No Yes
Education No Yes
Education rating 33% 100%
Winner

Major Forex Pairs

# Oanda Interactive brokers
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD No Yes
Major Forex Pairs rating 86% 100%
Winner

Commodities

# Oanda Interactive brokers
Gold No Yes
Silver Yes Yes
WIT Oil No Yes
Brent Oil No Yes
Coffee Yes Yes
Cocoa No Yes
Soybeans No Yes
Rice No Yes
Corn No Yes
Platinum No Yes
Palladium No Yes
Commodities rating 18% 100%
Winner

Indicies

# Oanda Interactive brokers
DAX 40 Yes Yes
S&P 500 Yes Yes
Nasdaq Yes Yes
Dow Jones No Yes
Nikkei No Yes
Indices rating 60% 100%
Winner

Cryptocurrencies

# Oanda Interactive brokers
Bitcoin No No
Litecoin No No
Ethereum No No
Ripple No No
Neo No No
Stellar No No
Cardano No No
Tron No No
Monero No No
EOS No No
Cryptocurrencies rating 0% 0%
Winner

Regulations

# Oanda Interactive brokers
Cysec No No
ASIC (Australia) Yes No
FCA (UK) Yes No
Authorised in the European Union (EU) No Yes
CFTC Registered (USA) Yes No
FINMA (Switzerland) No No
Regulations rating 50% 17%
Winner

Support

# Oanda Interactive brokers
Chat No Yes
Phone No Yes
Mail Yes Yes
Support rating 33% 100%
Winner

Overall

# Oanda Interactive brokers
Link Oanda Interactive brokers
Win / Loss % 38% 50%
Winner