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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.



Interactive Brokers

Earn Cash Rebates of up to $17 per Million - Learn More

Read OANDA Review

Referral Program - $200 Bonus - Learn More

Read Interactive Brokers Review


Benefits and Features

Stock Trading
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
$0.15-$0.65 per contract ($1 minimum per order)
Cryptocurrency TradingYes (0.25% fee, minimum fee of US$0.01) 
Minimum Deposit
Mutual Fund Trading
$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
Live Chat Support
Penny Stocks
Not available
Broker Assisted Trades
Not available
Inactivity Fee
Maintenance Fee
Online Platform
Mobile App
Desktop App
Yes (fxTrade)
Forex Trading
Available for qualified customers
Futures Trading
Bond Trading
CFD TradingYes 
Currency Trading
Customer ServiceLocal 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)
Online only
Online Community
Trading PlatformOANDA Web, OANDA Mobile, TradingVIew, MetaTrader4 
Virtual Trading

CreditDonkey® Reviews

SpreadStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarStarStar
Ease of UseStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
EducationStarStarStarEmpty StarEmpty Star
Forex TradingStarStarStarStarHalf Star
Trading PlatformStarStarStarStarHalf Star
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarEmpty Star
Commissions and FeesStarStarStarHalf StarEmpty Star
ResearchStarStarStarStarEmpty Star
Pros & ConsPros:
  • $0 minimum
  • Exceptional customer service
  • User-friendly platform
  • Only 1:50 leverage
  • Slow withdrawal processing
  • Incomprehensive educational videos
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
  • Platform can be too much for a beginner to understand
  • Complicated pricing structure
Bottom LineRegulated forex broker with no minimum deposit... Read full reviewGood 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.

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.

Articles on OANDA

OANDA Review

OANDA is one of the leading forex and CFD trading providers. But what does it offer? Read on to discover how OANDA elevates your trading journey.

OANDA Spreads

OANDA is one of the world's top forex brokers. But does it have competitive spreads? Read on to find out.

OANDA Withdrawal

Trading is no fun if you can't withdraw your earnings. So how do you withdraw funds at OANDA? Read on to find out.

OANDA Minimum Deposit

OANDA is a suitable forex broker for traders of all levels. Wondering if it has a minimum deposit requirement? Read on to find out.

OANDA Approval Time

OANDA is one of the world's most reputable forex brokers. But how long does it take to get your account approved? Read on to find out.


OANDA and are both highly regulated and trusted forex brokers. But one of them is a better option. Which one?

Articles on Interactive Brokers

Interactive Brokers

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.

Which Do You Think is Best?

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