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 | 1.69 | 0.9 |
| All-in Cost EUR/USD - Active | 1.69 | 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.
Both OANDA and IUX support forex trading as CFDs or spot contracts, but their product lineups differ widely. OANDA offers 4,172 tradeable symbols and 69 forex pairs, while IUX lists 152 symbols and 34 pairs. If you want to buy actual exchange-traded shares, OANDA provides access to both U.S. and international markets; IUX offers international shares but not U.S. stocks.
Feature-wise, OANDA includes copy trading, whereas IUX does not. For crypto, OANDA lets you buy actual coins and trade crypto derivatives; IUX focuses on crypto derivatives only. Reflecting this breadth, OANDA is rated 4 stars and ranks #28 out of 63 brokers for Range of Investments on ForexBrokers.com, compared with IUX at 3.5 stars and a #61 ranking.
| Feature |
OANDA
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 152 |
| Forex Pairs (Total) | 69 | 34 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
OANDA vs IUX: both brokers provide free paper trading, proprietary platforms, and access via Windows desktop and web browsers. Each lets you place trades directly from charts, and neither supports DupliTrade or ZuluTrade. Platform support differs, though: OANDA offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while IUX supports MT5 but not MT4. OANDA also includes copy trading, whereas IUX does not. The number of built-in technical indicators isn’t specified for either broker.
For charting and lists, OANDA offers 74 drawing tools and 6 watchlist fields, while IUX provides 89 drawing tools and 46 watchlist fields. In independent testing by ForexBrokers.com, OANDA earned 4 out of 5 stars and ranked 15th of 63 for Trading Platforms and Tools, compared with IUX at 3.5 stars and a 60th-place ranking. In short, OANDA stands out for third‑party platform choice and copy trading, while IUX gives you more watchlist customization and drawing tools.
| 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) | 89 | 106 |
| Charting - Drawing Tools (Total) [DELETED] | 74 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and IUX both offer iPhone and Android trading apps with real-time watchlists, multiple chart time frames, and auto-saved drawings. The key differences show up in charting tools and alerts: OANDA supports trendline drawing and price alerts, while IUX lacks both. If you care about technical indicators, IUX lists 106 studies compared with OANDA’s 30. Neither app syncs watchlists between mobile and the online account.
In independent ratings, OANDA’s mobile app earns 5 stars and ranks #7 out of 63 brokers at ForexBrokers.com, while IUX scores 3.5 stars and ranks #61. In short, OANDA is stronger for traders who want alerts and drawing tools, whereas IUX appeals to those who want a larger set of indicators.
| 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.
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 | 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.
For beginner traders, OANDA offers far more education than IUX. OANDA provides at least 10 forex and CFD learning pieces, hosts client webinars every month, and keeps a searchable archive of past sessions. You also get 10+ beginner videos, 10+ advanced videos for when you’re ready to level up, and an investor dictionary with 50+ terms. By comparison, IUX has 10+ beginner videos but doesn’t meet the benchmark for a broader forex/CFD education library, and it lacks monthly webinars, a webinar archive, advanced video content, and a trading dictionary.
These gaps show in third-party ratings: OANDA earns 5 stars for Education and ranks #19 out of 63 brokers on ForexBrokers.com, while IUX is rated 3 stars and ranks #60. If you want structured learning, live events, and plenty of on-demand materials, OANDA is the stronger choice; if you only need basic starter videos, IUX can work.
| 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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| Overall Rating |
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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 | IUX 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 | ||
| 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | 1.69 | 0.9 | |
| All-in Cost EUR/USD - Active | 1.69 | 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) | 89 | 106 | |
| Charting - Drawing Tools (Total) [DELETED] | 74 | 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 | 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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