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IG
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OANDA

IG vs OANDA: which broker is better in 2026?

We compare IG and OANDA — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, IG edges ahead (4.1/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaIGOANDA
Overall score 4.1 4.0
Regulation & safety 4.5 4.5
Fees & deposit 3.5 3.5
Platform & assets 4.5 4.0
User support 4.0 4.0
Trust score85/10083/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsProprietary web platform, Mobile app, MetaTrader 4 (in some markets)Proprietary web/desktop platform, MetaTrader 4, TradingView (integrated), Mobile app, API v20
Fee modelSpread & commission model varies per product — details not yet verifiedSpread model (Standard account) or core spread + commission (Core/Elite) — per-region details not yet verified with exact figures

Pros & cons

IG
  • Very strong regulation — supervised by the FCA & a FTSE 100 public company (high financial transparency from public-company duties)
  • One of the oldest & largest providers (since 1974) with 19,000+ markets
  • Mature platforms: proprietary web + mobile app + MT4 in some markets
  • Leveraged products (CFDs/spread betting) remain high-risk regardless of strong regulation
  • Spreads/fees aren't always the cheapest compared to low-cost ECN brokers
  • Product availability & regulatory entity differ per country — verify which serves your region
OANDA
  • Very strong & rare regulation — licensed in the US (NFA/CFTC) plus FCA/ASIC/MAS/IIROC
  • Respected reputation for price data & execution; strong trading API for automation
  • Flexible platform choice: proprietary + MT4 + TradingView
  • Not the cheapest for high volume compared to raw ECN brokers
  • Product availability (e.g. crypto CFDs) differs per region/entity
  • Leveraged products remain high-risk

Regulation at a glance

IG

Regulated by the Financial Conduct Authority (FCA) in the UK. Listed on the London Stock Exchange, a FTSE 100 constituent — high financial transparency due to public-company obligations.

OANDA

Operates multiple entities with strict oversight per region: NFA/CFTC (US), FCA (UK), ASIC (Australia), MAS (Singapore), IIROC (Canada). One of the few retail brokers licensed in the US market.