IG vs Oanda 2026: which is better?
We compared IG and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- IG holds 10 licences from strong regulators, against 7 for Oanda.
- Oanda offers copy trading; IG does not.
Comparison table
| Comparison table |
IG
Broker
|
Oanda
Broker
|
|---|---|---|
| Licences | FCA, ASIC, DFSA, CFTC, NFA, MAS, FINMA, BaFin, JFSA, FMA, FSCA, BMA Best | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) |
| Minimum deposit | $0 | $0 |
| Maximum leverage | 1:200 | 1:888 |
| Trading platforms | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App, ProRealTime, L2 Dealer | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | ✗ No | ✓ Yes |
| Founded | 1974 | 1996 |
| Headquarters | London, United Kingdom | — |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose IG if you
- want more licences from strong regulators
Choose Oanda if you
- want to copy other traders
Frequently asked questions
Which is better, IG or Oanda?
We compared IG and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. IG holds 10 licences from strong regulators, against 7 for Oanda. Oanda offers copy trading; IG does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are IG and Oanda regulated?
IG licences: FCA, ASIC, DFSA, CFTC, NFA, MAS, FSCA, FINMA, BaFin, JFSA, FMA, BMA. Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG).
What is the minimum deposit at IG and Oanda?
IG: $0. Oanda: $0.
Do IG and Oanda offer an Islamic account?
IG: No. Oanda: No.