Interactive Brokers vs OANDA
By Akash · Facts re-checked (UTC)
Here is how Interactive Brokers and OANDA compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| Interactive Brokers | OANDA | |
|---|---|---|
| Regulators | FCA, CBI, ASIC | FCA |
| Minimum deposit | No account minimum | No minimum deposit (OANDA Europe Limited, UK) |
| Spreads from | – | 0.6 pips EUR/USD (UK) |
| Commission | 0.08 to 0.20 bps x trade size, tiered by monthly volume; minimum USD 2.00 per order at Tier I | – |
| Platforms | Trader Workstation (TWS), IBKR Mobile, Client Portal | OANDA web, OANDA mobile, MetaTrader 4, MetaTrader 5, TradingView |
| Retail accounts losing money | 59.7% | 76.6% |
Full reviews: Interactive Brokers review · OANDA review
Frequently asked questions
What is the minimum deposit at Interactive Brokers and OANDA?
Interactive Brokers: No account minimum. OANDA: No minimum deposit (OANDA Europe Limited, UK).
Are Interactive Brokers and OANDA regulated?
Interactive Brokers: FCA, CBI, ASIC. OANDA: FCA.
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 more