Interactive Brokers vs OANDA
Side-by-side comparison of regulation, trading costs, platforms, and account types for Interactive Brokers and OANDA.
Interactive BrokersTrust 8.9/10
CFTC-NFA
FCA
ASIC
MAS
Nasdaq-listed institutional-grade broker with the broadest market access of any retail-accessible broker — 150+ markets across 33 countries. Trader Workstation is the industry yardstick for power users.
OANDATrust 9.0/10
ASIC
FCA
CFTC-NFA
IIROC
One of the most trusted forex brokers worldwide. Founded 1996, regulated by 6+ tier-1 authorities including US CFTC. No minimum deposit, transparent pricing, deep institutional liquidity.
Quick verdict
- Trust: OANDA has the higher trust score.
- EUR/USD spread: Interactive Brokers is tighter on EUR/USD.
Side-by-side comparison
| Feature | Interactive Brokers | OANDA |
|---|---|---|
| Trust score | 8.9 | 9.0 |
| Regulators | CFTC-NFA, FCA, ASIC, MAS, IIROC, FMA-NZ, CySEC | ASIC, FCA, CFTC-NFA, IIROC, MAS, FSA-Japan |
| Headquarters | United States | — |
| Founded | 1978 | — |
| Min deposit | $0.00 | $0.00 |
| Max leverage | 1:50 | 1:200 |
| EUR/USD spread | 0.20 pips | 0.30 pips |
| Commission per lot | $4 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | Bank Wire, ACH | — |
| Withdrawal methods | Bank Wire, ACH | — |
| Withdrawal speed | 48h | — |
| Base currencies | USD, EUR, GBP, AUD, NZD, JPY, CAD, CHF, HKD, SGD | — |
Interactive Brokers is best for
High-volume traders
Algo traders
Stock CFD traders
OANDA is best for
Beginners
US traders
API/algo developers
Long-term traders