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.
When comparing online brokers OANDA and IUX, it's essential to consider their backgrounds and regulatory standings. OANDA, founded in 1996, and IUX, established in 2016, are both privately owned and not listed on any stock exchanges. Despite their non-bank status, OANDA has built a strong reputation with a Trust Score of 93 out of 99 as per ForexBrokers.com. This score places OANDA in the highly trusted category, thanks in part to its impressive holding of seven Tier-1 licenses, the highest level of trust recognized by ForexBrokers.com.
In contrast, IUX has a Trust Score of 69, indicating a high-risk level according to ForexBrokers.com ratings. Unlike OANDA, IUX holds no Tier-1 licenses but does have one Tier-2 license, reflecting a basic level of trust. For those considering either platform, understanding these regulatory benchmarks can help users make informed decisions based on trust and the security each broker offers.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Year Founded | 1996 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
OANDA and IUX are both prominent players in the world of online brokerage, each with unique approaches to commissions and fees. OANDA is known for its slightly higher forex trading costs, with bid/ask spreads comparable to firms like FOREX.com and FxPro, though still somewhat elevated. OANDA offers core pricing with a lower spread, supplemented by a $5 per-side commission for $100,000 currency trades. Despite these costs, OANDA's automated execution and micro lot trading option down to 1 unit make it appealing to traders needing flexibility. OANDA boasts a commission and fees rating of 4 stars and ranks 34th out of 63 brokers in this area.
Conversely, IUX provides a range of account choices where pricing depends largely on account type, from spread-only options to those intended for active traders. The Standard and Standard+ accounts require a minimal deposit of $10, with the latter featuring wider spreads. The Raw and Pro accounts designed for active traders demand a $500 deposit. Raw accounts have the lowest spreads, but include a $6 commission per standard lot, while Pro accounts offer lower spreads without commissions. IUX also garners a 4-star rating for commissions and fees, ranking 49th out of 63 brokers.
While both brokers hold a commendable 4-star rating, they cater to varying trader profiles. OANDA is slightly higher ranked, indicating it might offer an edge with its automation and flexible trading sizes. In contrast, IUX shines with its competitive spreads, particularly for those opting for the Pro account. When selecting between them, traders should consider the trade-offs, including spreads, commissions, and deposit requirements, to align with their trading strategies and financial goals.
| 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 #63.
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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 69 |
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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 | 69 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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| Regulation | OANDA | IUX | |
|---|---|---|---|
| Trust Score | 93 | 69 | |
| 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 | 0 | |
| 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 | No | |
| 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 | 69 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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