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 comparing OANDA and IUX on commissions and fees, IUX comes out ahead for most everyday traders. OANDA’s costs are generally on the higher side, with its standard pricing showing wider spreads and its core pricing still requiring a commission that can add up. OANDA does offer very small trade sizes, clear spread tracking, and an active-trader rebate program in some regions, but its overall pricing is not the cheapest. OANDA is rated 4 stars and ranked #31 out of 36 brokers for Commissions and Fees.
IUX offers more flexible pricing across its account types, which can make it more appealing if you want to match your account to your trading style. Its Standard and Standard+ accounts start with a $10 minimum deposit, while the Raw and Pro accounts are aimed at more active traders and require $500. The Raw account has low spreads plus a commission, while the Pro account keeps things commission-free with competitive spreads. IUX is rated 4.5 stars and ranked #19 out of 36 brokers for Commissions and Fees.
In simple terms, OANDA is a solid choice if you value execution and very small trade sizes, but IUX offers better overall value on pricing for many traders. If your main goal is to keep trading costs down, IUX has the edge. If you want a broker with transparent spread tracking and flexible micro-trading, OANDA still has strengths worth considering.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| 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.
When it comes to the range of investments, OANDA gives traders more choice than IUX. OANDA offers 4,172 tradeable symbols and 69 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. Both brokers support forex trading as a CFD or spot contract, and both offer cryptocurrency CFDs. However, OANDA also lets clients buy actual cryptocurrency, while IUX does not.
OANDA also stands out for its access to more markets and features. It offers exchange-traded securities on both U.S. and international exchanges, plus copy trading, while IUX does not support U.S. exchange-traded securities or copy trading. IUX does offer international exchange-traded securities, but overall OANDA is rated higher for range of investments at 4.5 out of 5 stars, compared with IUX’s 3.5, and it ranks #20 out of 36 brokers versus IUX at #36.
| 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.
OANDA and IUX both give traders several ways to get started and manage trades, including free demo accounts, in-house platforms, Windows desktop downloads, web-based trading, and MetaTrader 5. Both also let users trade directly from charts, which can make it easier to act on market moves without switching screens. In this category, OANDA stands out for offering more platform choices overall, including MetaTrader 4 and copy trading, while IUX does not offer MT4 or copy trading.
When it comes to trading platforms and tools, OANDA has the edge in both ratings and rankings. OANDA is rated 4 out of 5 stars and ranks #16 out of 36 brokers at ForexBrokers.com, while IUX is rated 3.5 stars and ranks #36. For traders who want more platform variety and extra tools, OANDA is the stronger pick, while IUX still covers the basics well for traders who mainly want a simple mix of demo access, web trading, desktop access, and MT5.
| 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 mobile trading apps for iPhone and Android, so either broker can work well for traders who want to manage positions on the go. OANDA has an edge for mobile convenience because it offers price alerts, while IUX does not. OANDA also lets users draw trendlines on charts in the app, and its drawings auto save, making it easier to pick up where you left off. IUX also auto saves drawings, but it does not support trendline drawing in its mobile app.
When it comes to charting tools, IUX offers 106 technical studies in its mobile app, far more than OANDA’s 30. Even so, OANDA comes out ahead overall in mobile trading app quality, with a 5-star rating and a #7 ranking out of 36 brokers from ForexBrokers.com. IUX is rated 3.5 stars and ranks #36, which suggests OANDA is the stronger choice for traders who want a better all-around mobile 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.
When it comes to market research, OANDA clearly offers more depth than IUX. OANDA provides daily market commentary, forex news from top sources like Reuters and Bloomberg, Autochartist tools, sentiment data, and an economic calendar to help traders track major global events. IUX, by comparison, only offers an economic calendar and does not provide daily commentary, top-tier news, Autochartist, or sentiment tools.
This gap is also reflected in third-party ratings and rankings. OANDA earns 5 out of 5 stars for Research and places #4 out of 36 brokers in ForexBrokers.com’s Research category, while IUX receives 3 out of 5 stars and ranks #36. For traders who want more market insight and analysis tools, OANDA is the stronger choice.
| 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 and IUX for beginner-friendly education, OANDA comes out ahead overall. OANDA offers forex and CFD learning content, monthly educational client webinars, at least 10 beginner videos, and at least 10 advanced videos for more experienced traders. That mix makes it a strong choice for new traders who want room to grow, and it is reflected in its 5-star Education rating and #18 ranking out of 36 brokers by ForexBrokers.com.
IUX also offers at least 10 beginner videos, so it does give new traders some useful starting material. However, it does not offer monthly educational webinars, does not appear to provide at least 10 advanced videos, and is rated 3 stars for Education with a #36 ranking out of 36. For beginners who want more step-by-step guidance and a wider range of learning tools, OANDA is the better option.
| 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 #13, while IUX finished with an overall rank of #36.
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) - 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 | $50 | |
| 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 | |
|---|---|---|---|
| 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
AvaTrade
Pepperstone
FP Markets
Tickmill