Written by ForexBrokers.com
In this head to head comparison of OANDA vs IronFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
OANDA, established in 1996, holds a strong position in online trading with a ForexBrokers.com Trust Score of 93, indicating a high level of trust. This broker is not publicly traded nor a bank, but it boasts an impressive seven Tier-1 licenses, which are highly regarded by ForexBrokers.com for their trustworthiness. These factors contribute to OANDA's solid reputation among traders who value regulatory compliance and reliability.
In comparison, IronFX entered the market in 2010 and has a ForexBrokers.com Trust Score of 83, which places it in the trusted category. Like OANDA, IronFX is neither publicly traded nor a bank. However, it holds three Tier-1 licenses, suggesting a reasonable level of regulatory trust. While both brokers have positive trust scores, OANDA edges out with more Tier-1 licenses and a higher trust rating, making it a preferable choice for those focused on regulatory assurance.
| Feature |
OANDA
|
IronFX
|
|---|---|---|
| Year Founded | 1996 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
OANDA and IronFX both earn 4 out of 5 stars for commissions and fees, yet OANDA is ranked #35 of 63 brokers while IronFX sits at #47 of 63. OANDA’s forex costs tend to be on the higher side; for example, its average non-core spread on EUR/USD was 1.61 pips in July 2024. IronFX’s pricing also appears higher than the industry average, with a typical 1.8-pip spread on its Standard variable account. As always, spreads are variable and can change with market conditions.
OANDA offers two main setups: a default commission-free plan and Core Pricing, which requires a $10,000 minimum deposit. Core Pricing trims the spread but adds a $5 per side commission per $100,000 traded (about $10 per round-turn standard lot). In a common scenario, a 1.6-pip default spread on EUR/USD can drop to a 0.4-pip spread under Core, and after adding the commission equivalent of 1 pip, the all-in cost becomes about 1.4 pips—slightly cheaper than default. OANDA also supports ultra-small trade sizes down to 1 unit, offers active-trader rebates of $5–$17 per million (in select regions), and publishes trailing average spreads for added transparency.
IronFX lists a typical 1.8-pip spread for its Standard variable account (no date range provided), and pricing differs by account type. Its Zero fixed-spread account can start from 0 pips but charges a $18 per lot commission, and spreads widen to 3 pips overnight. Bottom line: OANDA may suit traders looking to marginally lower costs via Core Pricing, trade in very small sizes, and access volume rebates, while IronFX’s zero-fixed setup can fit those who prefer paying a set commission—just factor in overnight widening. Both brokers are rated 4/5 stars, with OANDA ranked #35/63 and IronFX ranked #47/63 for commissions and fees.
| Feature |
OANDA
|
IronFX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Standard account | 1.69 | 1.2 |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA vs. IronFX: For range of investments, OANDA lists 4,172 tradeable symbols, far more than IronFX’s 340. Both brokers let you trade forex as a CFD or spot contract, though IronFX offers more currency pairs (83 vs. 69). OANDA also provides access to exchange-traded stocks on U.S. and international markets—so you can buy shares like Apple or Vodafone—while IronFX does not. Both support copy trading.
Crypto access differs too: OANDA lets you buy actual cryptocurrency as well as crypto CFDs, whereas IronFX limits crypto to CFDs. Reflecting the broader lineup, OANDA earns 4 out of 5 stars for Range of Investments and ranks 28th out of 63 brokers, compared with IronFX at 3.5 stars and 52nd. In short, choose OANDA for wider market access across assets; pick IronFX if a slightly larger list of forex pairs is your priority.
| Feature |
OANDA
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 340 |
| Forex Pairs (Total) | 69 | 83 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Comparing trading platforms and tools, both OANDA and IronFX offer free demo accounts, web and Windows desktop platforms, copy trading, and the ability to place trades directly from charts. Both support MetaTrader 4 (MT4). OANDA also provides its own in-house platform and offers MetaTrader 5 (MT5), while IronFX does not have a proprietary platform and does not offer MT5.
For overall platform and tools quality, OANDA is rated 4 stars and ranks #15 out of 63 brokers by ForexBrokers.com, while IronFX is rated 3.5 stars and ranks #62. If you want MT5 or an in-house platform option, OANDA stands out; if you’re focused on MT4 and copy trading, both brokers cover those needs.
| Feature |
OANDA
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA vs. IronFX for mobile trading: both brokers offer iPhone and Android apps with stock or forex price alerts, 30 technical studies for charting, the ability to draw trendlines, and auto-saving for chart drawings. One shared drawback is that neither app supports watchlist symbol syncing between the mobile app and your online account.
The difference shows up in third-party scores. OANDA’s mobile trading app is rated 5 stars and ranks #7 out of 63 brokers in the Mobile Trading Apps category at ForexBrokers.com, while IronFX’s app is rated 3.5 stars and ranks #63. If you want a higher-rated mobile experience with the same core features, OANDA is the stronger choice; IronFX covers the basics but trails in overall app quality.
| Feature |
OANDA
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both OANDA and IronFX deliver daily market commentary, real-time forex news from top-tier sources like Bloomberg and Reuters, and an easy-to-use economic calendar. The key differences are in their toolkits: OANDA includes Autochartist and a sentiment tool that shows the ratio of long vs. short positions, while IronFX does not. IronFX, on the other hand, offers Trading Central, which OANDA lacks. Neither broker lists TipRanks or Acuity Trading for research on OANDA, and IronFX’s support for TipRanks or Acuity Trading isn’t specified.
According to ForexBrokers.com, OANDA earns 5 stars for Research and ranks #4 out of 63 brokers, while IronFX receives 4 stars and ranks #29. Pick OANDA if you want Autochartist scanning and sentiment insights built in; choose IronFX if you prefer Trading Central’s analytics.
| Feature |
OANDA
|
IronFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing OANDA vs IronFX for beginner-friendly education: both brokers provide at least 10 beginner trading videos focused on forex and CFDs, making them solid starting points for new traders. OANDA stands out by hosting live client webinars at least once a month and offering 10+ advanced videos for those who want to grow beyond the basics. IronFX does not run monthly educational webinars and lacks a comparable set of advanced videos, which can limit learning once you move past the beginner stage. Reflecting this gap, OANDA earns 5 stars for Education and ranks #19 out of 63 brokers at ForexBrokers.com, while IronFX holds 4 stars and ranks #44.
If you’re a newcomer seeking hands-on guidance, Q&A opportunities, and a path to more advanced topics, OANDA’s webinars and deeper video library make it the stronger pick. If you mainly want simple, entry-level videos to get started with forex and CFD trading, IronFX can still meet that need, just with fewer avenues to continue learning as your skills grow.
| Feature |
OANDA
|
IronFX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than IronFX. OANDA finished with an overall rank of #12, while IronFX finished with an overall rank of #48.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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IronFX
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|---|---|---|
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| Trust Score | 93 | 83 |
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OANDA vs. IronFX: OANDA supports purchasing actual delivered cryptocurrencies as well as crypto CFDs, whereas IronFX provides access only to cryptocurrency CFDs and not real, delivered coins.
Comparing online brokers, OANDA offers robust deposit and withdrawal options—including ACH/SEPA transfers, PayPal, Skrill, and bank wire transfers—while IronFX does not support ACH/SEPA and its availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | OANDA | IronFX | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | OANDA Review |
| Broker Screenshots | OANDA | IronFX | |
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| Broker Gallery (click to expand) |
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| Regulation | OANDA | IronFX | |
|---|---|---|---|
| Trust Score | 93 | 83 | |
| Year Founded | 1996 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | IronFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 340 | |
| Forex Pairs (Total) | 69 | 83 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | OANDA | IronFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.69 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | IronFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | OANDA | IronFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | OANDA | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | IronFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | IronFX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | IronFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review |
| Overall | OANDA | IronFX | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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