This contrast guide aids users who struggle to select between IG Trading and OandA to locate the very best online broker for their trading and investment needs. It examines the main features of the two brokers alongside to help individuals compare their solution and make an informed decision.
To aid individuals pick the appropriate broker between IG Trading and OandA to locate the best-suited system, listed below is a list of broker’s advantages and disadvantages, adhered to by a contrast of their primary trading features, consisting of trading platforms & tools, charges, mobile trading, down payment & withdrawal, assets, regulation, and customer assistance.
IG Trading vs. OandA: Summary
IG is a globally operating online broker regulated by eight tier-one regulators (FCA, ASIC, JFSA, MAS, FINMA, FMA, CFTC and MiFID). They offer users access to 19,500 tradable symbols including 20,000 CFDs, forex, forex options, stocks and cryptocurrencies. IG users can choose between various trading platforms including a proprietary Web-based platform, L2 Dealer DMA, MetaTrader 4 and ProRealTime charting feature.
IG trading fees are competitive for active traders. The size of the brokers allows fast and reliable order execution also on larger orders. IG also offered spread rebates on higher volume CFD trades.
IG additionally offers extensive educational materials (daily video market updates and technical and fundamental analysis case studies), a wide range of trading and research tools for beginners and advanced and intuitive trading apps.
IG’s customer service is available through live chat, email, phone, and WhatsApp in English, and several other languages.
OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.
OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.
OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.
Pros
- Regulated by 8 tier-one regulators
- Low average spreads from 0.82 pips EUR/USD
- Wide range of trading platforms and third party plugins
- Extensive research and education resources
- Wide range of platforms
Cons
- Slightly higher fees on CFDs
- Limited banking options
Pros
- Low minimum deposit ($0)
- Competitive average spread from 1.2 pips (EUR/USD)
- MT4, MT5 and TradingView integration
- Broad range of research and analysis tools
- Feature rich mobile app
Cons
- Limited assets
- Only CFD and forex trading available
- Customer support is only available during office hours
- Inactivity fees
Key features
- Access to 20,000 tradable symbols
- Compatible with MT4, L2 Dealer and ProRealTime
- Unlimited demo paper trading account
- Advanced research and analysis tools (L2 Dealer and ProRealTime)
- Availability of EA’s and other automated trading software
- Free trading signals and alerts
Key features
- Access to 124 tradable symbols including 71 forex pairs
- Low minimum deposit ($0)
- Real-time currency conversion
- MetaTrader 4 and 5 integration
- Free VPS server
- Trading fee and wire transfer discounts for professional traders
IG Trading vs. OandA Comparison
Select up to 3 Brokers
IG Trading
Oanda
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 500:1 | 1:50 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | $20 + Fee |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after 12 months | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | $18 | 0 |
| Forex (EUR/USD) | 0.6 pips | 1.3 |
| Stocks & ETF | 0.3 pips | 0 |
| CFD (Gold) | 0.3 pips | 31 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5500 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 1000 | 0 |
| ETF & Funds | 1000 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 80 | 70 |
| CFD Indices & Funds | 80 | 12 |
| CFD Stocks | 12000 | 0 |
| CFD Commodities | 6 | 35 |
| CFD Crypto | 10 | 0 |
| CFD Bonds | 12 | 3 |
| Binary Options | 100 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
IG Trading vs. OandA Comparison Conclusion
The results of our comparison of IG Trading vs. OandA are wrapped up in the table listed below.
| Broker: | Best For: |
| IG Trading | Great overall multi-asset broker |
| OandA | Forex and CFDs |
Picking the right option between IG Trading and OandA can be challenging. Both on-line brokers have similarities but vary regarding trading instruments, platforms & applications, regulation, deposit & withdrawals, and research study and education. Choosing the very best broker depends on users’ trading & investment goals, specific preferences, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.