Interactive Brokers versus Oanda

Interactive Brokers and Oanda are well-known brokers, catering to retail traders and professionals alike. Interactive Brokers maintains one of the most competitive core trading environments globally, while Oanda focuses primarily on Forex trading.

Beginner traders will find the familiarity of the MT4 trading platform at Oanda beneficial, while Interactive Brokers presents a suite of cutting-edge proprietary solutions developed for advanced traders. The IBKR Campus is an excellent learning platform for new traders, while Oanda offers less educational content.

Both brokers support third-party developers and algorithmic trading, but while Oanda enjoys success in the North American market, Interactive Brokers ranks among the leading brokers internationally. Interactive Brokers also delivers a trader-friendly pricing environment versus a more expensive cost structure at Oanda.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Interactive Brokers vs. Oanda - Verdict

Features and Platforms

Features & Platforms	Interactive Brokers (visit site)	Oanda (visit site)
Headquarter:	US	US
Established :	1978	1971
Retail Loss Rate:	58.4%	76.6%
Regulation:
Minimum Deposit:	$0	$100
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	2	3-5 (dependent on geographic location)
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:	Broad-asset selection	Excellent MT4 Upgrade with 28 Tools
Unique Feature Two:	Excellent trading tools	VPS, Autochartist, and TradingView
Broker Offers:	See what Interactive Brokers offers	See what Oanda offers

Noteworthy:

The Interactive Brokers Investor’s Marketplace offers 1,500+ services, creating a distinct advantage for traders. Interactive Advisors presents passive portfolios from as little as $100.

Available Markets

Traders and investors at Interactive Brokers get access to 135 markets across 33 countries in 23 currencies. It offers one of the most in-depth choices of trading instruments industry wide. It recently added cryptocurrency trading. Oanda focuses primarily on Forex trading, with a smaller choice of commodity and index CFDs.

Typical Spreads and Fees

Interactive Brokers offers clients one of the lowest pricing environments in its commission-based trading accounts, with costs often 50% cheaper than competitors. Oanda counters with a competitive cost structure in its commission-free and commission-based products but cannot match the low fees at Interactive Brokers.