IFC Markets vs. Oanda – Which Broker Is the Best for Your Trading Needs?

IFC Markets and Oanda are leading Forex brokers, but which one should you trust with your portfolio?

I have conducted an in-depth review of IFC Markets vs. Oanda to determine which is the better overall choice and which traders will benefit most from either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Plus500 vs Forex.com - Verdict

Headquarters	N/A	British Virgin Islands
Regulators	BVI, FSA, FSCA	ASIC, BVIFSC, CFTC, CIRO, FCA, FSA, MAS, MFSA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2006	1996
Execution Type(s)	ECN/STP	ECN/STP, Matched Principal Broker
Minimum Deposit	$15	$0
Negative Balance Protection
Trading Platform(s)	MetaTrader 4, MetaTrader 5, Proprietary platform, NetTradeX	MetaTrader 4, MetaTrader 5, Proprietary platform, Trading View
Average Trading Cost EUR/USD	$4.00	0.9 pips
Average Trading Cost GBP/USD	$10.00	1.3 pips
Average Trading Cost WTI Crude Oil	$0.04	$0.03
Average Trading Cost Gold	$25.00	$0.30
Retail Loss Rate	Undisclosed	78.3%
Minimum Raw Spreads	Not applicable	0.0 pips
Minimum Standard Spreads	0.4 pips	0.6 pips
Minimum Commission for Forex	Commission-free	$5.00 per round lot
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Visit Website	Visit Website

Main advantages of IFC Markets:

• MT4/MT5 trading platforms and a proprietary trading platform with the patented Portfolio Quoting Method for synthetic assets creation
• Fast order execution with average execution times under 20 milliseconds
• Competitive leverage with negative balance protection
• Quality beginner education and competent research
• A high-paying partnership program that pays up to $15 per lot in commissions

Main advantages of Oanda:

• An excellent 28-plugin MT5 upgrade, creating one of the most competitive MT5 environments
• Direct connection to the TradingView community, where 100M+ social traders engage and share ideas
• Beginner education and live webinars covering numerous topics
• Actionable trading signals via an MT5 plugin

Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
DOM?	N/A
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading	N/A
OCO Orders
Interest on Margin
	Visit Website	Visit Website

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds
ETFs
Options
Futures
Synthetics
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IFC Markets and Oanda each maintain a well-balanced selection of liquid assets, ensuring quality diversification opportunities, where IFC Markets provides more overall choices.

Why IFC Markets is a better choice for most traders:

• Greater diversification for multi-asset portfolios through broader market availability
• Portfolio Quoting Method, allowing traders to create synthetic assets

Typical Spreads and Fees

Average Trading Cost EUR/USD	$4.00	0.9 pips
Average Trading Cost GBP/USD	$10.00	1.3 pips
Average Trading Cost WTI Crude Oil	$0.04	$0.03
Average Trading Cost Gold	$25.00	$0.30
Average Trading Cost Bitcoin	$200.00	$62
Minimum Raw Spreads	Not applicable	0.0 pips
Minimum Standard Spreads	0.4 pips	0.6 pips
Minimum Commission for Forex	Commission-free	$5.00 per round lot
Deposit Fee
Withdrawal Fee
Inactivity Fee	N/A	$10 monhtly after 12 months
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IFC Markets and Oanda offer traders competitive, commission-free, and commission-based trading accounts. Which broker is cheaper?

While IFC Markets and Oanda offer raw spread trading, the former has notably lower commissions and higher volume-based rebates. Commission-free spreads are also lower, making IFC Markets the better choice.

Account Types

The core account structures at IFC Markets and Oanda are similar, including demo accounts that remain available as long as traders use them.

Are there any other noteworthy differences in the account structures between IFC Markets vs. Oanda?

Here is what stands out the most:

• IFC Markets requires a $1,000 deposit for standard accounts
• IFC Markets offers managed accounts via MAM/PAMM
• IFC Markets has higher volume-based rebates

Minimum Deposit

How easy is it to deposit at IFC Markets vs. Oanda?

IFC Markets offers more payment processors, but Oanda accepts more deposit currencies, reducing currency conversion costs. Oanda has no minimum deposit, while IFC Markets’ $15 minimum applies only to nano accounts, and standard accounts require a $1,000 deposit. The overall process is similar and easy to complete.

Minimum Withdrawal

Which withdrawal process is better: IFC Markets or Oanda?

Oanda charges a $20 internal withdrawal fee on the first monthly withdrawal for most international traders. IFC Markets charges only an internal withdrawal fee for bank wires and has faster processing times, but third-party processing costs may apply at both brokers.

Security and Trust

Country of the Regulator	British Virgin Islands, South Africa, Labuan	Australia, Canada, Japan, Malta, Singapore, United Kingdom, United States, British Virgin Islands
Name of the Regulator	BVI, FSA, FSCA	ASIC, BVIFSC, CFTC, CIRO, FCA, FSA, MAS, MFSA
Regulatory License Number	MB/20/0049, SIBA/L/14/1073,2021/682339/07	Undisclosed, 0325821, 542574, C95813, 412981, 2137, CMS100122-4, SIBA/L/20/1130
Regulatory Tier	4,2,2	1, 1, 1, 1, 1, 1, 1, 4
	Visit Website	Visit Website

Which broker is more secure and trustworthy?

Both brokers segregate client deposits from corporate funds, and all traders receive negative-balance protection, ensuring they cannot lose more than their deposit. While Oanda complies with more regulators and has more operating history, IFC Markets also offers professional indemnity insurance from Lloyd’s of London. Overall, IFC Markets and Oanda rank equally in trust and security.

IFC Markets versus OANDA - Verdict

IFC Markets

Oanda

Which Forex broker is better?

IFC Markets and Oanda are both high-quality Forex brokers, and I recommend that traders test them in the IFC Markets demo account and the Oanda demo account.

My Verdict:

Oanda is a good choice for beginners and casual traders seeking competent trading platform upgrades. Still, I rank IFC Markets as the overall superior choice due to lower costs and a wider asset selection, including synthetic assets.

FAQs

Does IFC Markets or Oanda have lower costs?

IFC Markets has lower commission-free and commission-based costs, as well as higher volume-based rebates.

Is Oanda good for beginners?

Oanda is a great choice for beginners due to its competent education and research, including actionable trading recommendations.

How much commission does IFC Markets take?

IFC Markets levies a $5.00 commission per 1.0 standard round lot with generous rebates, while equity commissions are 0.10% for most equities.

Which is better, IFC Markets or Oanda?

Oanda is a good choice for beginners and casual traders. Overall, I rate IFC Markets higher as it has notably lower trading fees.

By DailyForex.com Team

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.