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 |
OANDA and IUX both offer pricing structures that can work for different types of traders, but IUX comes out ahead on overall commissions and fees. OANDA’s trading costs are generally higher than the cheapest brokers, with EUR/USD spreads averaging 1.61 pips on its standard pricing in July 2024. Its core pricing can lower spreads, but it also adds a commission of $5 per $100,000 traded per side, and the account requires a $10,000 minimum deposit. OANDA does offer very small trade sizes, plus rebates for active traders in some regions, but its fees are still less competitive overall.
IUX has more flexible pricing across its account types, with lower entry requirements for its standard accounts and commission-based choices for more active traders. The Standard and Standard+ accounts both start with a $10 minimum deposit, while the Raw and Pro accounts require $500. IUX’s Pro account is spread-only, while the Raw account charges a $6 commission per 100,000 units traded. Its average EUR/USD spreads are generally lower than OANDA’s, making it a stronger pick for cost-conscious traders, though it still does not rank among the absolute cheapest brokers in the market.
Here’s how they compare on commissions and fees: OANDA is rated 4 out of 5 stars and ranked #30 out of 36 brokers by ForexBrokers.com, while IUX is rated 4.5 out of 5 stars and ranked #19 out of 36. In short, OANDA offers solid execution and flexible trade sizing, but IUX has the edge on lower overall trading costs.
| 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 range of investments, OANDA offers more choice than IUX. Both brokers let you trade forex as a CFD or spot contract, but OANDA lists far more tradeable symbols overall, with 4,172 compared with IUX’s 152. OANDA also provides access to 69 forex pairs, while IUX offers 34. For stock investors, OANDA supports exchange-traded securities on both U.S. and international exchanges, while IUX only offers international exchange-traded securities.
OANDA also stands out for extras like copy trading and the ability to buy actual cryptocurrency, features IUX does not provide. Both brokers do offer cryptocurrency CFDs. Based on this wider selection, OANDA is rated 4.5 out of 5 for Range of Investments and ranks #20 out of 36 brokers at ForexBrokers.com, while IUX is rated 3.5 out of 5 and ranks #35.
| 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 plenty of ways to get started, including free demo accounts, their own in-house platforms, web-based trading, Windows desktop downloads, and access to MetaTrader 5. Both also let users trade directly from charts, which can make placing orders faster and more convenient. In short, each broker covers the core tools most traders expect from a modern platform setup.
Where OANDA pulls ahead is in platform choice and extra features. OANDA offers MetaTrader 4 and copy trading, while IUX does not support either option. That edge shows up in the ratings too: OANDA scores 4 out of 5 for Trading Platforms and Tools and ranks #16 out of 36 brokers on ForexBrokers.com, while IUX earns 3.5 out of 5 and ranks #35. If platform variety matters most, OANDA has the stronger overall offering.
| 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.
When comparing OANDA and IUX for mobile trading, both brokers offer iPhone and Android apps, so traders can manage accounts on the go with either one. OANDA stands out for everyday trading tools, including stock or forex price alerts and the ability to draw trendlines on charts, which can make it easier to track market moves. Its mobile app also auto-saves drawings, helping users keep their chart work in place. IUX also auto-saves chart drawings and offers a larger number of technical studies in its app, with 106 compared with OANDA’s 30, but it does not offer price alerts or trendline drawing. Neither broker currently offers watchlist symbol syncing between the mobile app and online account.
Overall, OANDA appears to have the stronger mobile trading app experience based on third-party ratings and rankings. It earns 5 out of 5 stars for Mobile Trading Apps and is ranked #7 out of 36 brokers by ForexBrokers.com. IUX is rated 3.5 out of 5 stars and ranks #35 out of 36. For traders who want a more polished app with alerts, trendlines, and higher expert ratings, OANDA has the edge, while IUX may appeal more to those who want access to a wider set of chart studies.
| 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 is the stronger choice over IUX. OANDA offers daily market commentary, forex news from top sources like Bloomberg and Reuters, Autochartist tools, a sentiment indicator showing long and short positions, and an economic calendar. IUX, by comparison, does not provide daily commentary, top-tier news, Autochartist, Trading Central, sentiment tools, TipRanks, or Acuity Trading, though it does include an economic calendar.
This difference is reflected in third-party ratings and rankings: OANDA earns 5 out of 5 stars for research and ranks #4 out of 36 brokers at ForexBrokers.com, while IUX scores 3 out of 5 stars and ranks #35. For traders who want more market insight and research support, OANDA has a clear edge.
| 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 comes out ahead. OANDA offers forex and CFD education with at least 10 learning pieces, monthly educational webinars, and more than 10 beginner videos, plus advanced videos for traders who want to go further. That makes it a stronger choice for new traders who want steady support and a wider range of learning content. OANDA is also rated 5 stars for Education and is ranked #18 out of 36 brokers by ForexBrokers.com.
IUX also provides at least 10 beginner videos and forex or CFD education, so beginners still have some useful material to start with. However, it does not offer monthly educational webinars and does not have at least 10 advanced educational videos, which limits its learning path for traders who want to keep building skills. IUX is rated 3 stars for Education and is ranked #35 out of 36 brokers, so overall OANDA offers a better educational experience for beginners.
| 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
|
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