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Interactive Brokers vs Oanda : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Interactive Brokers
Oanda
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
Market maker
Years of Existence / Established Year
1993
1996
Customer Base / Number of Accounts
3.12M
50M
Regulation & Security
Regulations (governing bodies)
SEC, FINRA, NYSE, FCA, FINMA, CFTC, MAS, SFC, CBI, IIROC, JFSA, MiFiD
CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI
Awards Won (count for the last 2 years)
Best Online Broker for Advanced Traders in 2024, Professional Trading 2024, #1 Best Online Broker in 2023, Best for Advanced Traders, Best Online Broker in 2024, Best Stock Broker for International Trading
Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022
Security Measures
SIPC
SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
150 Markets including Forecast and event contracts, Spot currencies,US spot Gold, Hedge funds
68+ major currency pairs
Currency Pairs
Yes
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
Yes
Yes
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
Yes
Bonds
Yes
Yes
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
Yes
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
IBKR global Trader, Client Portal, Desktop, Mobile, Trader workstation, APIs, Forecast Trader, IMPACT
Oanda Mobile and Tablet apps
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual, Joint, Trust, IRA and UGMA/UTMA Accounts, Non-Professional Advisor Accounts, Family Office Accounts, Small Business Accounts, Advisor Accounts, Money Manager Accounts, Broker & FCM Accounts, Proprietary Trading Group Accounts, Hedge Fund & Mutual Fund Accounts, Compliance Officers, Administrators, Institutional Hedge Fund Investors
Standard account Corporate account Professional trading account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
Yes
Minimum Deposit
$0
$0
Leverage Available
10:1 to 50:1
50:1
Trade Limit (maximum per trade)
EUR 5,000,000
Varies by instrument
Commission (per account type)
$0
Standard - $50/M Premium - $50/M Premium Plus - $40/M
Best Suited For (e.g., beginners, experienced traders)
Beginner to advanced traders
Only experienced
Deposit & Withdrawal Options
Deposit Methods
ACH transfer, Link a new bank account, Bank wire, Transfer from wise balance, Scan a check , Mail a check, SEPA
Bank Wire Transfer ACH Debit card
Withdrawal Methods
ACH, Check, Direct debit, Transfer to wise balance, Canadian ETF transfer, SEPA
Debit card Bank Wire transfer
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Traders' Academy (Online Courses), IBKR Webinars, Market Insights and Analysis, Trader's University (Video Tutorials), IBKR Quant Blog (Quantitative Trading), Customer Education (Trading Guides)
Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators
Fees & Commissions
Trading-Related Fees
IBKR Lite: Commission-free U.S. stocks, ETFs, and specific mutual funds, IBKR Pro: $0.005 per share, minimum $1 per trade
Spread starts from 0.0, commission- $30 per 1M
Spread (typical, fixed, variable)
Fixed spread
Typical
Per Lot Fees
NA
NA
Options Contract Fees
$0.65/contract
NA
Futures Contract Fees
$0.85
NA
Markup Fees on Spread
$1.50
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
50:1
50:1
Non-Trading Fees
Dormant Fees
$0
10 units of the currency for inactivity atleast 12 months.
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
It depends up on the account type
$0
Swap Fees (Overnight Financing)
over $10 million free
Vary on instruments and change on a daily basis
Statement or Document Fee
NA
$0
Account Opening Fee
$0
$0
Account Maintenance Fee
$0
$0
Deposit Fee
$0
$0
Currency Conversion Fee
$0.03
0.50%
Withdrawal Fee
$10 outgoing wire transfer fee
USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No fee
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
9:30 AM - 4:00 PM ET, Monday through Friday Overnight trading hours: 8:00 PM ET - 3:50 AM ET, Sunday through Friday
All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24x5
Customer Support Methods (phone, email, live chat)
Phone: 1 (888) 919-0022, E-mail: [email protected], Live chat
Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607
Support Languages
33
4
Additional Information
Headquarters Location
Greenwich, Connecticut
Dashwood House 64, Old Broad Street London EC2M 1QS
Complaints (for crypto brokers)
No
No
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