OANDA vs Interactive Brokers

OANDA is a regulated forex broker with no minimum deposit . How does it compare to Interactive Brokers? Read our comparison chart below.

	OANDA	Interactive Brokers
	SPECIAL OFFER Earn Cash Rebates of up to $17 per Million - Learn More Read OANDA Review	SPECIAL OFFER Referral Program - $200 Bonus - Learn More Read Interactive Brokers Review
	Benefits and Features
Stock Trading	No	IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value). IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)
Options Trading	No	$0.15-$0.65 per contract ($1 minimum per order)
Cryptocurrency Trading	Yes (0.25% fee, minimum fee of US$0.01)
Minimum Deposit	$0	$0
Mutual Fund Trading	No	$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less, for transaction-fee funds
Commission Free ETFs	Not available	150+
Live Chat Support	Yes
Penny Stocks	Not available
Broker Assisted Trades	Not available	$30
Inactivity Fee	$10/month	$0
Maintenance Fee	None	$0
Online Platform	Yes
Banking	No	No
Mobile App	Yes	Yes
Desktop App	Yes (fxTrade)	Yes
Forex Trading	Yes	Available for qualified customers
Futures Trading	No	Yes
Bond Trading	No
CFD Trading	Yes
Currency Trading	Yes
Customer Service	Local number +1 212 858 7690; Toll-free number 1 877 OANDA FX (1 877 626 3239) Sunday 4PM ET to Friday 6PM ET	United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Locations	Online only	No
Online Community	Yes	Yes
Seminars	Yes	Yes
Trading Platform	OANDA Web, OANDA Mobile, TradingVIew, MetaTrader4
Virtual Trading	Yes	Yes
	CreditDonkey® Reviews
Spread
Mobile App
Customer Service
Ease of Use
Education
Forex Trading
Trading Platform
Trustworthy
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Commissions and Fees
Research
Pros & Cons	Pros: $0 minimum Exceptional customer service User-friendly platform Cons: Only 1:50 leverage Slow withdrawal processing Incomprehensive educational videos	Pros: Large number of investments, including options, futures, and forex Customize trading platform Tools and opportunities for research Cons: Platform can be too much for a beginner to understand Complicated pricing structure
Bottom Line	Regulated forex broker with no minimum deposit... Read full review	Good discount broker for experienced, high volume traders... Read full review
	Earn Cash Rebates of up to $17 per Million	Referral Program - $200 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. OANDA: Information sourced from the published website as of 04/22/2024. Interactive Brokers: Pricing information from published websites as of 10/17/2023.

Which is Better: OANDA or Interactive Brokers?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing OANDA or Robinhood.

In short: OANDA's ease of use is worth mentioning. Interactive Brokers' mobile app is outstanding.

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