Written by ForexBrokers.com
In this head to head comparison of OANDA vs IUX, 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, is an online broker that stands out for its strong regulatory credentials, boasting seven Tier-1 licenses. This positions OANDA in the highly trusted category with a Trust Score of 93 according to ForexBrokers.com. Although it's not publicly traded and isn't a bank, its consistent regulatory compliance across major financial jurisdictions contributes to a high level of confidence among traders and market participants.
In contrast, IUX, founded in 2016, has a single Tier-1 license and one Tier-2 license, situating it in the average risk category with a Trust Score of 78. Like OANDA, IUX is not a publicly traded entity nor a bank. While IUX has made strides in gaining regulatory approval, its Trust Score reflects a more cautious rating, which investors might find suitable depending on their risk tolerance and preference for regulatory assurances.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Year Founded | 1996 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
OANDA offers forex trading with higher spreads compared to many leading brokers, making their cost structure relatively steep. The company's strong point lies in its automated execution across accounts, which may appeal to some traders. OANDA's non-core pricing averages around 1.61 pips for the EUR/USD pair, while their core pricing model—requiring a $10,000 minimum deposit—features lower spreads at approximately 0.4 pips, but comes with a commission of $10 per round turn for every $100,000 traded. This results in a slightly lower all-in cost of about 1.4 pips. Additional perks include small trade sizes starting at 1 unit and a rebate program for active traders. OANDA is rated 4 out of 5 stars for commissions and fees and is ranked 34th out of 63 brokers by ForexBrokers.com.
IUX provides a range of account types to suit different trader needs, from spread-only options to commission-based models. Their Standard accounts offer low starting deposit requirements at just $10, with the Standard+ version featuring promotional deposit bonuses but wider spreads. For more active traders, the Raw account advertises the lowest spreads, at around 0.6 pips when including commission, but it requires a $500 minimum deposit. The Pro account offers competitive spreads without any commission charges. Average spreads for the EUR/USD pair fall to 0.7 pips for the Pro account and 0.9 pips for the Standard account. IUX, like OANDA, holds a 4 out of 5 stars rating for commissions and fees, but ranks lower at 48th in the same category.
When comparing OANDA to IUX for commissions and fees, both brokers receive similar star ratings but differ in their specific offerings and cost structures. OANDA may appeal to those needing automated execution and smaller trade sizes, while IUX offers more account variety, which might attract traders looking for favorable spread-only trading conditions. Nonetheless, both brokers rank below the top low-cost leaders, making it essential for traders to weigh the choices of spreads, commissions, and deposit requirements carefully.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 10 |
| Average Spread EUR/USD - Standard | 1.61 | 0.9 |
| All-in Cost EUR/USD - Active | 1.61 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by online brokers OANDA and IUX, both platforms provide opportunities for forex trading either as CFDs or spot contracts. However, OANDA offers a significantly greater variety of tradeable symbols, with a total of 3,928 compared to IUX’s 152. Similarly, OANDA surpasses IUX in the number of tradeable forex pairs, offering 68 against IUX’s 34. Neither platform supports trading of exchange-traded securities on U.S. exchanges, like Apple shares, though IUX does provide access to international exchanges for securities such as Vodafone.
In terms of cryptocurrency, OANDA has the edge, allowing clients to buy actual cryptocurrencies in addition to derivatives, while IUX restricts to derivatives only. OANDA also supports copy trading, providing more versatility for investors who wish to mimic other traders' strategies, a feature absent in IUX. With these offerings, OANDA receives a 4-star rating for its range of investments and ranks 27th out of 63 brokers by ForexBrokers.com, whereas IUX holds a 3.5-star rating and ranks 60th in the same category.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 152 |
| Forex Pairs (Total) | 68 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by OANDA and IUX, both brokers provide essential features expected by traders, yet they differ in several key aspects. OANDA and IUX both offer a free virtual demo account, allowing traders to practice without risking real money. Each broker also provides a proprietary, in-house developed trading platform available on Windows and web-based formats. However, OANDA edges ahead with its support for MetaTrader 4 (MT4), enhancing its platform versatility, while both brokers support MetaTrader 5 (MT5). Notably, OANDA offers copy trading, which is appealing for traders looking to mimic the strategies of others, a feature that IUX does not provide. Both brokers are limited in third-party integration, with neither supporting DupliTrade or ZuluTrade.
In terms of charting tools and capabilities, OANDA impresses with 431 drawing tools compared to IUX's 89, and both brokers allow for direct trading from stock charts. For watch lists, however, IUX provides more customization with 46 fields, greatly surpassing OANDA's 6. OANDA is rated 4 stars for its trading platforms and tools, ranking at #15 among 63 brokers analyzed by ForexBrokers.com. Meanwhile, IUX trails slightly behind with a 3.5-star rating, securing the #59 spot. Overall, while both brokers offer a solid suite of trading platforms and tools, OANDA presents a more comprehensive feature set that could cater to a wider array of trading preferences.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 106 |
| Charting - Drawing Tools (Total) | 431 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps, both OANDA and IUX provide convenient access on iPhone and Android devices. OANDA stands out with stock or forex price alerts, a feature not available with IUX. While OANDA offers 30 technical studies to enhance chart analysis, IUX offers a broader range of 106 technical studies. However, IUX does not allow users to draw trendlines directly on charts, a feature that's available on OANDA's app. Both platforms support viewing charts over multiple time frames and auto-saving drawings, ensuring users maintain a seamless trading experience.
In terms of performance and user feedback, OANDA shines with a 5-star rating for its mobile trading app, while IUX falls slightly behind with a 3.5-star rating. From a competitive standpoint, OANDA ranks 7th out of 63 brokers in the Mobile Trading Apps category by ForexBrokers.com, in contrast to IUX, which is positioned at 60th. Both platforms support creating watchlists with real-time quotes, although neither offers watchlist symbol syncing with online accounts. Overall, OANDA appears to provide a more comprehensive and user-friendly mobile trading experience compared to IUX.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing OANDA and IUX for market research capabilities, OANDA clearly stands out. OANDA provides daily market commentary, unlike IUX, and offers forex news from esteemed sources such as Bloomberg and Reuters, which IUX does not. OANDA also features technical analysis tools from Autochartist, a sentiment-based trading tool, and an economic calendar detailing global news events, making it more comprehensive. In contrast, while IUX does provide an economic calendar, it lacks the extensive research resources offered by OANDA.
The differences in research tools and market insights result in a notable disparity in ratings. OANDA receives a perfect five-star rating for research, highlighting its depth and quality of information. IUX falls behind with a three-star rating, reflecting its limited offerings. Among 63 brokers, OANDA is ranked #5 by ForexBrokers.com in the Research category, while IUX is placed significantly lower at #59. The superior ranking and features make OANDA a more reliable choice for traders seeking rich market research and analysis.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, OANDA delivers a comprehensive platform featuring more than ten educational pieces focusing on forex and CFDs trading. In contrast, IUX falls short in this area. OANDA also excels with its monthly online educational webinars, coupled with a readily searchable archive of previously recorded sessions, features notably absent from IUX's offerings. Both platforms provide beginners with at least ten videos to enhance their trading knowledge. However, OANDA extends its educational materials further with advanced video content, which is not available on IUX. Additionally, OANDA provides a valuable investor dictionary with over 50 trading terms, further assisting beginners in deciphering complex market jargon—something IUX has yet to offer.
Given these differences in educational support, it's not surprising that OANDA receives a stellar five-star rating for its educational offerings, compared to IUX's modest three-star rating. According to ForexBrokers.com, OANDA holds a respectable 22nd place among 63 brokers in the education category, whereas IUX lags behind at 59th place. For novice traders looking to deepen their understanding of forex and CFDs trading, OANDA emerges as a clear leader in offering varied and accessible educational resources.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 IUX. OANDA finished with an overall rank of #12, while IUX finished with an overall rank of #55.
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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IUX
|
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| Trust Score | 93 | 78 |
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OANDA allows users to purchase actual cryptocurrency alongside offering cryptocurrency derivatives, whereas IUX provides access only to cryptocurrency derivatives without the option to buy actual delivered cryptocurrency.
OANDA offers a more diverse range of account fund deposit and withdrawal options, including ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, compared to IUX, which only supports Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
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 | IUX | |
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| Trust Score | 93 | 78 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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| Regulation | OANDA | IUX | |
|---|---|---|---|
| Trust Score | 93 | 78 | |
| Year Founded | 1996 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | IUX | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | OANDA | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 152 | |
| Forex Pairs (Total) | 68 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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). |
| Cost | OANDA | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | 0.9 | |
| All-in Cost EUR/USD - Active | 1.61 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 46 | |
| Charting - Indicators / Studies (Total) | 81 | 106 | |
| Charting - Drawing Tools (Total) | 431 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | OANDA | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | OANDA | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | OANDA | IUX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | OANDA Review |
| Overall | OANDA | IUX | |
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| Trust Score | 93 | 78 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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