IG Markets
Available in your country IG Markets accepts clients from the country this site is for.
69% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
Available in your country Oanda accepts clients from the country this site is for.
76.6% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders IG Markets and Oanda are best suited to, based on what each one actually offers in India.IG Markets is better than Oanda for options traders. Oanda, on the other hand, is better for day traders and futures traders. Professional traders, high-volume traders and scalpers can choose either IG Markets or Oanda.
| Overall score | IG Markets 87 Best | Oanda 82 -5 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise IG Markets and the ones that supervise Oanda.IG Markets and Oanda are both regulated by top-tier authorities, IG Markets by BaFin, the FCA (United Kingdom) and the JFSA (Japan) and Oanda by KNF, ASIC (Australia) and the CFTC (United States).
| Section score | IG Markets 100 | Oanda 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that IG Markets and Oanda have in place to protect your money in India.IG Markets and Oanda both offer segregated client funds and two-factor authentication. IG Markets is also a licensed bank.
| Section score | IG Markets 78 Best | Oanda 66 -12 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1974 | 1996 |
| Parent company i | IG Group Holdings plc | OANDA Group |
| CEO i | Breon Corcoran | Gavin Bambury |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Commonwealth Bank|Westpac|HSBC | N/A |
| Brand power | ||
| Number of customers worldwide i | 820,000 | |
| Annual revenue i | USD 987,300,000 | USD 16,900,000 |
| Monthly website search traffic i | 97.1K monthly visits | |
Costs
What we compare A comparison of what it costs to trade with IG Markets and with Oanda in India, both on each trade and on holding the account.Oanda is better than IG Markets for costs, as Oanda is cheaper on EUR/USD, at 5.5 USD per lot (against IG Markets' 8.6 USD), charges lower Bitcoin CFD fees, at 40 USD (against IG Markets' 45 USD), and does not charge currency conversion fees, unlike IG Markets. Neither IG Markets nor Oanda charges account maintenance fees or deposit fees.
| Section score | IG Markets 67 -17 | Oanda 84 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 8.6 | USD 5.5 |
| S&P 500 fees (CFD) i | 0.4 points | 0.49 points |
| Gold fees (CFD) i | 0.3 points | 0.57 points |
| Bitcoin fees (CFD) i | USD 45 | USD 40 |
| US stocks fees (CFD) i | USD 0.02 | USD 0.1 |
| Fees on stocks | ||
| Stock fee type i | Commission | Percentage |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 2 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 2 | |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with IG Markets and with Oanda in India, and of how many instruments each one gives access to.IG Markets and Oanda are equally good for available markets, as IG Markets gives access to 17,000 tradable symbols (against Oanda's 1,500), and offers options on commodities, forex, indices and stocks. On the other hand, Oanda offers futures on crypto and forex. Both IG Markets and Oanda offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | IG Markets 100 | Oanda 100 |
|---|---|---|
| Total tradable symbols i | 17,000 | 1,500 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | Commodities, Forex, Indices, Stocks | |
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that IG Markets and Oanda make available to their clients in India.IG Markets and Oanda are equally good for platforms, as both offer a proprietary platform and MetaTrader 5.
| Section score | IG Markets 91 | Oanda 91 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of IG Markets and Oanda in India, and of what each one lets you do from your phone.IG Markets is better than Oanda for mobile trading, given that IG Markets offers mobile trading signals, which Oanda does not. Both IG Markets and Oanda offer a proprietary mobile app and the MetaTrader 5 app.
| Section score | IG Markets 93 Best | Oanda 86 -7 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that IG Markets and Oanda allow on their platforms in India.IG Markets is better than Oanda for trading features, since IG Markets offers guaranteed stop losses, which Oanda does not. Both IG Markets and Oanda offer negative balance protection and trailing stops.
| Section score | IG Markets 89 Best | Oanda 83 -6 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | 14 ms | |
| Slippage occurrence i | 11% | |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 200:1 | 888:1 |
| Minor/Exotic FX pairs leverage i | 133:1 | 888:1 |
| Major indices leverage i | 200:1 | 888:1 |
| Minor indices leverage i | 200:1 | 200:1 |
| Gold leverage i | 200:1 | 888:1 |
| Commodities leverage i | 67:1 | 100:1 |
| Equities leverage i | 20:1 | 20:1 |
| Cryptocurrency leverage i | 10:1 | 10:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at IG Markets and at Oanda in India, and of who each one is meant for.Oanda is better than IG Markets for account types, given that Oanda offers a raw spread account, which IG Markets does not. IG Markets and Oanda both offer a demo account and a professional traders account.
| Section score | IG Markets 48 -5 | Oanda 53 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with IG Markets and with Oanda in India.Oanda is better than IG Markets for account opening, given that Oanda supports e-wallets, which IG Markets does not, has no minimum withdrawal (against IG Markets' 150 USD), and offers a bonus program, which IG Markets does not. Neither IG Markets nor Oanda requires a minimum deposit.
| Section score | IG Markets 70 -10 | Oanda 80 Best |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 150 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | AUD, EUR, GBP, HKD, SGD, USD | USD |
| Deposit waiting time i | Instant | up to 2 business days |
| Withdrawal waiting time i | up to 1 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of IG Markets and Oanda in India, in how it can be reached and how fast it answers.IG Markets is better than Oanda for customer care, because IG Markets offers customer support in 12 languages (against Oanda's 5), has a website in 12 languages (against Oanda's 7), and offers a dedicated account manager, which Oanda does not. IG Markets and Oanda both offer phone support and live chat.
| Section score | IG Markets 87 Best | Oanda 46 -41 |
|---|---|---|
| Number of languages supported i | 12 | 7 |
| Website languages i | Arabic, Danish, German, English, French, Italian, Dutch, Norwegian, Portuguese, Russian, Spanish, Swedish | German, English, French, Italian, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, Danish, German, English, French, Italian, Dutch, Norwegian, Portuguese, Russian, Spanish, Swedish | German, English, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that IG Markets and Oanda provide to their clients in India.IG Markets is better than Oanda for learning, given that IG Markets offers professional reports and daily market commentary, which Oanda does not. IG Markets and Oanda both offer education for advanced traders and webinars.
| Section score | IG Markets 100 Best | Oanda 80 -20 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
IG Markets vs Oanda: which one should you choose?
IG Markets
CFD Choose IG Markets, regulated by the FCA and BaFin, if you want an online CFD broker with a wide choice of markets, a guaranteed stop loss and fast withdrawals.
Open Account 69% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
CFD Choose Oanda, regulated by the CFTC and ASIC, if you want a forex broker with low trading costs and futures.
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include IG Markets or Oanda, each scored with the same data and method as this page.
