Interactive Brokers vs Oanda 2026: which is better?
We compared Interactive Brokers and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Interactive Brokers holds 10 licences from strong regulators, against 7 for Oanda.
- Oanda offers copy trading; Interactive Brokers does not.
- Oanda offers MetaTrader 4, MetaTrader 5, which Interactive Brokers does not.
Comparison table
| Comparison table |
Interactive Brokers
Broker
|
Oanda
Broker
|
|---|---|---|
| Licences | FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS Best | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) |
| Minimum deposit | $0 | $0 |
| Maximum leverage | 1:30 | 1:888 |
| Trading platforms | Trader Workstation, IBKR Desktop, Client Portal, IBKR GlobalTrader, Web Trader, Mobile App, TradingView | 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 | — | ✓ Yes |
| Founded | 1977 | 1996 |
| Headquarters | Greenwich, United States | — |
| 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 Interactive Brokers if you
- want more licences from strong regulators
Choose Oanda if you
- want to copy other traders
- use MetaTrader 4, MetaTrader 5
Frequently asked questions
Which is better, Interactive Brokers or Oanda?
We compared Interactive Brokers and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Interactive Brokers holds 10 licences from strong regulators, against 7 for Oanda. Oanda offers copy trading; Interactive Brokers does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Interactive Brokers and Oanda regulated?
Interactive Brokers licences: FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS. Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG).
What is the minimum deposit at Interactive Brokers and Oanda?
Interactive Brokers: $0. Oanda: $0.
Do Interactive Brokers and Oanda offer an Islamic account?
Interactive Brokers: No. Oanda: No.