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.
Comparing online brokers OANDA and IUX: OANDA was founded in 1996 and IUX in 2016. Neither company is publicly traded or operates as a bank. Based on ForexBrokers.com ratings, OANDA holds a Trust Score of 92/99 (highly trusted), while IUX scores 76/99 (average risk).
Looking at regulation, OANDA carries seven Tier-1 licenses and zero Tier-2 licenses; IUX holds one Tier-1 and one Tier-2 license. On ForexBrokers.com’s scale, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted. If you value a longer history and broader Tier-1 oversight, OANDA stands out; for a newer broker with a leaner regulatory profile, IUX is an alternative.
| 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 |
When it comes to commissions and fees, OANDA and IUX take different approaches. OANDA’s pricing is generally on the higher side, especially on its default account, where spreads can be wider than those offered by many top brokers. Its core pricing can lower trading costs, but it comes with a commission of $5 per $100,000 traded each way and a $10,000 minimum deposit. OANDA is rated 4 stars and ranked #32 out of 36 for Commissions and Fees.
IUX offers more flexible pricing, with choices for both casual and active traders. Its Standard and Standard+ accounts start with a low $10 minimum deposit, while the Raw and Pro accounts are designed for higher-volume traders and require $500. The Raw account includes a $6 per 100,000 units commission, while the Pro account is spread-only and often comes in lower than the basic accounts. IUX is rated 4.5 stars and ranked #19 out of 36 for Commissions and Fees.
Overall, IUX has the edge on price in this comparison, especially for traders looking for tighter spreads or lower entry costs. OANDA still has useful features, such as very small trade sizes and automated execution, but its fees are less competitive. If keeping trading costs down is your main goal, IUX is the stronger choice between the two.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Spread-only account | 1.68 | 0.86 |
| All-in Cost EUR/USD - Raw spread account | 1.69 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to available investments, OANDA offers the wider choice overall. It supports forex trading as both a CFD and spot contract, with 69 currency pairs and 4,172 tradeable symbols in total. OANDA also lets clients trade exchange-listed U.S. shares and international shares, use copy trading, and buy actual cryptocurrency as well as crypto CFDs. By comparison, IUX also offers forex as a CFD or spot contract, but with a smaller selection of 34 forex pairs and 152 tradeable symbols overall.
IUX does still provide access to international exchange-traded securities and crypto CFDs, but it does not offer U.S.-listed exchange-traded shares, copy trading, or actual cryptocurrency purchases. This wider product mix helps explain why OANDA is rated higher for range of investments, at 4.5 out of 5 stars, versus 3.5 out of 5 for IUX. On ForexBrokers.com, OANDA ranks #20 out of 36 brokers in this category, while IUX ranks #38.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 152 |
| Forex Pairs (Total) | 69 | 34 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing OANDA and IUX for trading platforms and tools, both brokers give traders a strong set of basics. Each offers a free demo account, a proprietary platform, a Windows desktop download, a web-based platform, MetaTrader 5, and the ability to trade directly from charts. This means either broker can suit traders who want flexible access across desktop and browser, plus a way to practice before using real money.
OANDA stands out with a few extra platform features, including copy trading and MetaTrader 4, which IUX does not offer. That added choice helps OANDA appeal to traders who want more platform variety and social-style trading options. This difference is reflected in the ratings too: OANDA scores 4 out of 5 stars and ranks #16 out of 36 brokers for Trading Platforms and Tools, while IUX scores 3.5 stars and ranks #38, making OANDA the stronger pick overall in this category.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and IUX both offer iPhone and Android apps, so traders can place trades from either type of phone. OANDA has an edge for everyday mobile use because it includes stock or forex price alerts, trendline drawing, and auto-saving chart drawings, while IUX does not offer price alerts or trendline drawing. Neither broker syncs watchlists between the mobile app and the online account, so watchlist changes stay separate.
When it comes to chart tools, IUX offers more technical studies in its mobile app, with 106 compared with OANDA’s 30. Even so, OANDA has the stronger overall mobile app profile, with a 5-star rating and a #7 ranking out of 36 brokers from ForexBrokers.com. IUX is rated 3.5 stars and ranks #38, making OANDA the better pick for traders who want a more complete mobile trading app experience.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
OANDA clearly has the edge in market research compared with IUX. It offers daily market commentary, forex news from top sources like Bloomberg, Reuters, and Dow Jones, plus Autochartist tools and a sentiment feature that helps traders see long and short positioning across markets. OANDA also provides an economic calendar, giving traders a simple way to track upcoming global events that may affect prices.
IUX, by contrast, offers a much lighter research setup. It does include an economic calendar, but it lacks daily commentary, top-tier forex news, Autochartist tools, and sentiment data. That difference is reflected in ratings and rankings as well: OANDA earns 5 out of 5 stars for Research and ranks #4 out of 36 brokers, while IUX scores 3 out of 5 stars and ranks #37 out of 36 brokers.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing OANDA vs IUX for beginner education, OANDA has the stronger learning setup overall. OANDA offers forex and CFDs education with at least 10 learning pieces, monthly educational client webinars, and a full set of beginner and advanced trading videos. That makes it a better fit for new traders who want more ways to learn and keep building their skills over time. OANDA is rated 5 stars for Education and is ranked #18 out of 36 brokers by ForexBrokers.com.
IUX also gives beginners a helpful start, with at least 10 beginner trading videos and forex or CFDs education that meets the minimum content threshold. However, it does not offer monthly educational webinars and does not have at least 10 advanced videos for more experienced traders. IUX is rated 3 stars for Education and is ranked #38 out of 36 brokers by ForexBrokers.com, so while it can work for basic learning, OANDA is the better choice for a wider range of educational resources.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| 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 IUX. OANDA finished with an overall rank of #14, while IUX finished with an overall rank of #38.
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
|
IUX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 92 | 76 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
In the OANDA vs IUX comparison for crypto trading, OANDA allows buying actual delivered cryptocurrencies and crypto CFDs, while IUX offers only cryptocurrency CFDs and does not support purchasing real coins.
OANDA vs IUX deposits and withdrawals: OANDA supports ACH/SEPA and PayPal (IUX does not), both support Skrill and bank wire transfers, and Visa/Mastercard availability is not specified for either broker.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | OANDA | IUX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 92 | 76 | |
| Winner | check_circle | ||
| Review | OANDA Review | IUX Review |
| Broker Screenshots | OANDA | IUX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | OANDA | IUX | |
|---|---|---|---|
| Trust Score | 92 | 76 | |
| 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 (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | 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 | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | OANDA | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 152 | |
| Forex Pairs (Total) | 69 | 34 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| 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). |
| Cost | OANDA | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.68 | 0.86 | |
| All-in Cost EUR/USD - Raw spread account | 1.69 | 0.6 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | OANDA | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | OANDA | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 106 | |
| 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 Price Alerts | Yes | No | |
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | OANDA | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | IUX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | IUX | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | OANDA Review | IUX Review |
| Overall | OANDA | IUX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 92 | 76 | |
| Winner | check_circle | ||
| Review | OANDA Review | IUX Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
XM
Pepperstone
FP Markets
Tickmill
HFM Markets