IG vs OANDA 2026
By Akash · Facts re-checked (UTC)
Here is how IG and OANDA compare on regulation, costs and platforms.
IG Markets Ltd is authorised and regulated by the FCA (FRN 195355) and offers CFDs and spread bets on its own platform plus MT4, MT5, TradingView and ProRealTime.
70% of retail CFD accounts lose money with this provider.
OANDA Europe Limited is authorised and regulated by the FCA (FRN 542574) and offers forex and CFDs on OANDA web and mobile, MT4, MT5 and TradingView.
76.6% of retail CFD accounts lose money with this provider.
Side by side
| IG | OANDA | |
|---|---|---|
| Regulators | FCA | FCA |
| Minimum deposit | No minimum balance to open an account | No minimum deposit (OANDA Europe Limited, UK) |
| Spreads from | 0.6 pips EUR/USD (MT4, UK) | 0.6 pips EUR/USD (UK) |
| Commission | Commission-free on MT4 forex | – |
| Max leverage | 30:1 on major forex pairs for retail clients (IG Markets Ltd, UK, 3.33% margin) | – |
| Platforms | IG web platformIG app | OANDA webOANDA mobile |
| Retail accounts losing money | 70% | 76.6% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: IG review · OANDA review.
Frequently asked questions
What is the minimum deposit at IG and OANDA?
IG: No minimum balance to open an account. OANDA: No minimum deposit (OANDA Europe Limited, UK).
Are IG and OANDA regulated?
IG: FCA. OANDA: FCA.
Which has tighter spreads, IG or OANDA?
Published spreads start from 0.6 pips EUR/USD (MT4, UK) at IG and 0.6 pips EUR/USD (UK) at OANDA; commission: IG Commission-free on MT4 forex, OANDA none listed.
More IG comparisons
More OANDA comparisons
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning