Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
Interactive Brokers vs OANDA
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | Interactive Brokers | OANDA |
|---|---|---|
| BrokaBoy score | 8.8/10 | 9.0/10 |
| Trustpilot rating | Trustpilot 3.1 (5,486 reviews) | Trustpilot 3.5 (1,235 reviews) |
| Listed minimum deposit | $0 | $0 |
| Advertised spread from | 0.1 pips | 0.0 pips |
| Advertised maximum leverage | 1:30 | 1:50 (entity dependent) |
| Regulators | FCA, ASIC, MAS, SEC, CBI, NFA | FCA, NFA, ASIC, MAS |
| Platforms | Trader Workstation, IBKR Mobile, IBKR Desktop | OANDA Trade, MetaTrader 4, TradingView |
| Instruments | Forex, Indices, Commodities, Stocks, Crypto | Forex, CFDs, Indices, Commodities |
| Account types | IBKR Lite, IBKR Pro | Standard, Core Pricing |
| Founded | 1978 | 1996 |
| Spread type | Variable | Spread-only Standard pricing from 0.4 pips, or Core Pricing with tighter raw spreads. |
| Commission | Varies by account type | No commission on Standard; Core Pricing charges a per-million-traded commission. |
| Overnight / swap | Overnight swap charges apply on positions held past rollover. | Financing calculated and applied continuously rather than in one nightly block. |
| Withdrawals | Most withdrawal methods are free; third-party fees may apply. | No OANDA withdrawal fee on standard bank transfers; card and wire providers may charge separately. |
Key differences
- OANDA has the higher BrokaBoy score (9.0/10 vs 8.8/10).
- Both brokers hold licences with FCA, ASIC, MAS, NFA.
- Only Interactive Brokers lists Trader Workstation, IBKR Mobile, IBKR Desktop among its platforms.
- Only OANDA lists OANDA Trade, MetaTrader 4, TradingView among its platforms.
- Only Interactive Brokers lists Stocks, Crypto among its instruments.
- Only OANDA lists CFDs among its instruments.
Which should you choose?
- Choose Interactive Brokers if access to Stocks is essential, and confirm it is available under your entity.
- Choose OANDA if access to CFDs is essential, and confirm it is available under your entity.
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, Interactive Brokers or OANDA?+
Both list the same minimum deposit of $0. Confirm current terms with each broker.
Are Interactive Brokers and OANDA regulated by the same authorities?+
They share FCA, ASIC, MAS, NFA. Interactive Brokers lists FCA, ASIC, MAS, SEC, CBI, NFA; OANDA lists FCA, NFA, ASIC, MAS in our catalogue.
Which has the higher BrokaBoy score?+
OANDA scores 9.0/10 against 8.8/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do Interactive Brokers and OANDA support the same platforms?+
No platform is listed by both brokers in our catalogue.
