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 |
Comparing commissions and fees, both OANDA and IUX earn 4 out of 5 stars. By ForexBrokers.com’s Commissions and Fees ranking, OANDA places #35 of 63 brokers, while IUX is #49 of 63. Based on the examples provided for EUR/USD, IUX’s quoted costs can be lower: its Raw account works out to about 0.6 pips all-in, Pro averages 0.7 pips, and Standard averages 0.9 pips. OANDA’s average non-core spread was 1.61 pips in July 2024, while its core pricing can reduce the all-in cost to about 1.4 pips (but requires a larger deposit). Minimum deposits also differ: OANDA’s core pricing requires $10,000, whereas IUX’s Raw and Pro require $500 and its Standard tiers just $10.
OANDA’s fees come mainly from spreads, which are on the higher side versus top low-cost brokers and comparable to names like FOREX.com and FxPro. Its core pricing adds a commission of $5 per side per $100,000 (about $10 per round turn), trading off tighter spreads for a commission; using OANDA’s example, that can bring EUR/USD from 1.6 pips (default) down to about 1.4 pips all-in. Extras include micro-sizing down to a single unit, potential volume rebates of $5–$17 per million for eligible high-volume traders, and public spread data (though not averaged over fixed periods). OANDA commissions and fees rating: 4/5 stars; ranking: #35/63.
IUX structures pricing by account type. Standard and Standard+ need just $10 to start; Standard+ supports deposit bonuses but usually has wider spreads, while Standard offers lower spreads without promotions. The Pro account is spread-only with tighter pricing than Standard, and the Raw account posts the tightest spreads but charges a $6 commission per standard lot; both Pro and Raw require $500. IUX lists average EUR/USD spreads of 0.9 pips (Standard), 0.7 pips (Pro), and about 0.6 pips all-in for Raw when you include the commission’s pip equivalent. IUX commissions and fees rating: 4/5 stars; ranking: #49/63.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 10 |
| Average spread (EUR/USD) - Standard account | 1.68 | 0.86 |
| All-in Cost EUR/USD - Active | 1.69 | 0.6 |
| Non-wire bank transfer | 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.
Both OANDA and IUX support forex trading as CFDs or spot contracts, but OANDA offers a much wider range of investments overall. OANDA lists 4,172 tradeable symbols and 69 forex pairs, compared with IUX’s 152 symbols and 34 pairs. In independent reviews of range of investments, OANDA earns 4 stars and ranks #28 out of 63 brokers, while IUX earns 3.5 stars and ranks #61.
Asset access also differs. OANDA lets clients buy exchange-traded securities on both U.S. and international exchanges, while IUX offers international shares but not U.S.-listed stocks like Apple. For crypto, OANDA supports both actual (delivered) cryptocurrency and crypto CFDs; IUX offers only crypto CFDs. OANDA also provides copy trading, whereas IUX does not. If you want the broadest lineup—including U.S. and global shares, more forex pairs, copy trading, and the option to own crypto—OANDA stands out; IUX may suit traders focused on a smaller set of CFD markets and international equities.
| 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.
Comparing OANDA and IUX on trading platforms and tools, both brokers cover the essentials: free demo (paper) trading, proprietary platforms, Windows desktop downloads, web-based platforms, MetaTrader 5, and the ability to trade directly from charts. Key differences: OANDA also supports copy trading and MetaTrader 4, while IUX does not offer copy trading or MT4.
According to ForexBrokers.com, OANDA earns 4 stars and ranks 15th out of 63 for platforms and tools, whereas IUX scores 3.5 stars and ranks 60th. Exact counts for charting indicators and watch list columns weren’t provided for either broker. If you need copy trading or MT4, OANDA is the stronger fit; for web, desktop, and demo access, both are comparable.
| 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 vs IUX for mobile trading: both brokers offer iPhone and Android apps. If you rely on price alerts, OANDA supports stock and forex price alerts, while IUX does not. Neither app syncs watchlists with the online account, so changes made on your phone won’t automatically mirror on the web platform.
Charting and analysis differ. OANDA’s app includes 30 technical studies, supports drawing trendlines on charts, and auto-saves your drawings. IUX offers 106 technical studies and also auto-saves drawings, but it doesn’t allow trendline drawing. For overall quality, ForexBrokers.com rates OANDA 5 stars and ranks it #7 out of 63 brokers in Mobile Trading Apps, while IUX holds 3.5 stars and ranks #61.
| 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.
Comparing OANDA vs IUX for market research, OANDA offers more built-in analysis and news. OANDA provides daily market commentary, forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones), Autochartist tools for technical and fundamental insights, a sentiment tool showing the ratio of long and short positions, and an economic calendar. IUX includes an economic calendar but does not offer daily commentary, top-tier forex news, Autochartist, or a sentiment tool. Both brokers do not include Trading Central, TipRanks, or Acuity Trading tools.
For overall research quality, OANDA earns 5 stars and ranks #4 out of 63 brokers on ForexBrokers.com, while IUX holds 3 stars and ranks #60. If you want deeper market research and trading tools in one place, OANDA is the stronger pick; if you just need a basic economic calendar, IUX may suffice.
| 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.
OANDA and IUX both provide forex and CFD education with at least 10 learning pieces. For hands-on learning, OANDA runs client webinars at least once a month, while IUX does not offer regular webinars. If you’re starting out, both brokers deliver at least 10 beginner-focused videos. When you’re ready to go further, OANDA also supplies at least 10 advanced videos; IUX does not have a similar library for experienced traders.
These differences show up in third-party ratings: OANDA earns 5 stars for Education and ranks #19 out of 63 brokers at ForexBrokers.com, while IUX holds 3 stars and ranks #60. Beginners who want a fuller path—from basic lessons to advanced topics with ongoing webinars—will likely find OANDA the better fit, whereas IUX can serve as a simple starting point for introductory videos.
| 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 #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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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.
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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 | IUX Review |
| Broker Screenshots | OANDA | IUX | |
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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 (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 SCA 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) - Standard account | 1.68 | 0.86 | |
| All-in Cost EUR/USD - Active | 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 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | 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 Watchlist [DELETED] | |||
| 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 | |
|---|---|---|---|
| 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 | IUX Review |
| Overall | OANDA | IUX | |
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| Trust Score | 93 | 78 | |
| Winner | check_circle | ||
| Review | OANDA Review | IUX Review |
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