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 |
Looking at commissions and fees, IUX generally prices cheaper than OANDA across comparable account types. IUX earns 4.5/5 stars and ranks #19 of 63 for Commissions and Fees, while OANDA holds 4/5 stars and ranks #30 of 63. The bottom line: both brokers offer multiple pricing paths, but IUX’s averages tend to be lower, especially if you qualify for its Pro or Raw accounts.
OANDA’s default (commission-free) spreads are on the higher side, with an average EUR/USD spread of 1.61 pips in July 2024. Its Core Pricing lowers the spread but adds a $5 per side commission per $100,000 traded (about $10 per round turn) and requires a $10,000 minimum deposit. In the example provided, Core Pricing brings the all-in EUR/USD cost to about 1.4 pips versus 1.6 pips on the default plan. OANDA also lets you trade from 1 unit, and high-volume traders can earn rebates of $5–$17 per million. It publishes trailing average spreads for transparency, though not fixed-period averages, which can make apples-to-apples comparisons harder.
IUX ties pricing to account type. Standard and Standard+ need just $10 to open; Standard+ supports deposit bonuses but typically has wider spreads, while Standard aims for lower spreads without promos. For active traders, the Pro and Raw accounts require $500: Pro is spread-only with an average EUR/USD spread around 0.7 pips, and Raw advertises the tightest spreads but charges a $6 commission per standard lot (bringing the all-in average near 0.6 pips). The Standard account averages about 0.9 pips. Overall, IUX’s pricing is competitive—especially on Pro and Raw—though not always the absolute lowest industrywide, and its lower deposit thresholds may appeal to cost-conscious traders.
| 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.
Comparing OANDA vs IUX for range of investments, both brokers support forex trading as CFDs and spot, but OANDA offers far more to choose from. OANDA lists 4,172 tradeable symbols and 69 forex pairs, while IUX has 152 symbols and 34 pairs. OANDA lets clients buy exchange-traded stocks on both U.S. and international exchanges, whereas IUX offers exchange-listed shares only on international markets. Both provide cryptocurrency CFDs, but only OANDA also lets you buy actual crypto. OANDA includes copy trading, while IUX does not.
For Range of Investments, OANDA earns 4.5 stars and ranks #20 out of 63 brokers at ForexBrokers.com, compared with IUX at 3.5 stars and #35. If having more markets, more forex pairs, access to U.S. and global stocks, plus options like copy trading and delivered crypto matter to you, OANDA has the edge; if you only need a smaller lineup with international shares and crypto CFDs, IUX could suffice.
| 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 provide free demo (paper) trading, proprietary platforms, Windows desktop downloads, and web-based platforms. You can place trades directly from charts on both. Key differences: OANDA includes copy trading, while IUX does not. For third-party software, OANDA offers MetaTrader 4 and MetaTrader 5; IUX offers MetaTrader 5 but not MT4. The number of built-in technical indicators and watch list fields isn’t specified for either broker.
In testing by ForexBrokers.com, OANDA earned 4 stars and ranked #16 of 63 for Trading Platforms and Tools, while IUX received 3.5 stars and ranked #35. If you want MT4 or copy trading, OANDA may suit you better; if you only need MT5 and a proprietary platform, IUX can fit. Both are friendly for beginners thanks to free demo accounts and accessible web and desktop platforms.
| 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. OANDA includes stock and forex price alerts, while IUX does not. Neither broker syncs watchlists between the app and the web platform. For charting, OANDA’s app features 30 technical studies and supports drawing trendlines, with drawings saved automatically. IUX offers far more built-in studies—106 in total—but it lacks trendline drawing on mobile; drawings do auto-save.
In overall quality, OANDA’s mobile app is rated 5 stars and ranks #7 out of 63 brokers at ForexBrokers.com, while IUX earns 3.5 stars and ranks #35. If you value alerts and drawing tools alongside dependable chart autosave, OANDA is the stronger pick. If your priority is a larger library of technical studies on mobile, IUX may appeal despite the missing alerts and trendline tools.
| 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 outshines IUX for market research. According to ForexBrokers.com, OANDA earns 5 stars and ranks 4th out of 63 brokers, while IUX holds 3 stars and ranks 35th. Traders comparing OANDA vs IUX will see that OANDA delivers a stronger mix of in-platform insights and updates.
OANDA provides daily market commentary, streams forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, includes Autochartist for technical and fundamental ideas, and offers a sentiment tool showing long/short positioning. IUX does not provide those features. Both brokers lack Trading Central, TipRanks, and Acuity Trading tools, but each includes an economic calendar for tracking upcoming global events.
| 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 vs IUX for beginner trading education: both brokers provide forex and CFD learning content with at least 10 pieces to help new traders get started. OANDA stands out by running monthly client webinars and offering extensive video lessons that cover beginner topics and advanced strategies. IUX supplies 10+ beginner-focused videos for simple, step-by-step guidance, but it does not host monthly educational webinars and does not provide a large set of advanced videos when you’re ready to learn more.
In third‑party evaluations, OANDA earns 5 stars and ranks #18 of 63 brokers for Education on ForexBrokers.com, while IUX earns 3 stars and ranks #35. If you want ongoing classes and a learning path from beginner to more experienced trading, OANDA is the stronger choice. If you only need basic video lessons to start with forex and CFDs, IUX can cover the essentials.
| 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 #35.
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 | 92 | 76 |
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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 | 92 | 76 | |
| Winner | check_circle | ||
| Review | OANDA Review | IUX Review |
| Broker Screenshots | OANDA | IUX | |
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| 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 | 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 | 92 | 76 | |
| Winner | check_circle | ||
| Review | OANDA Review | IUX Review |
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