IronFX vs. OANDA Comparison

This contrast guide helps users that battle to select between IronFX and OANDA to find the very best online broker for their trading and financial investment requirements. It examines the main features of the two brokers alongside to help users contrast their service and make an informed choice.

To aid individuals pick the ideal broker between IronFX and OANDA to discover the best-suited system, below is a listing of broker’s benefits and drawbacks, complied with by a comparison of their major trading features, including trading platforms & tools, charges, mobile trading, down payment & withdrawal, properties, law, and customer assistance.

IronFX vs. OANDA: Summary

Iron-fx-logo

IronFX is a forex and CFD broker founded in 2010. Therefore, it is regulated by two tier-one financial authorities (CySec and ASIC) and is considered safe. The broker provides users access to 80 forex pairs and over 300 CFDs on forex, spot metals, and futures. The broker allows trading with up to 1:300 leverage and offers a free demo account for beginner traders.

IronFX fees are below average compared to similar brokers from the industry. They charge low spreads from 0.1 pips (EUR/USD). Additionally, the broker charges 3% inactivity fees after 90 consecutive days of inactivity on any account.

IronFX’s customer support is available through email (support@IronFX.com) and live chat in English and Arabic.

oanda-logo

OANDA is a reputable forex and CFD broker founded in 1996. It is regulated by seven tier-one regulators. [Note: This comparison is based on OANDA Corporation (US division), regulated by the CFTC and NFA. OANDA has multiple divisions with different regulatory bodies and conditions. Please refer to OANDA’s official resources for division-specific details at OANDA Divisions.] Their users have access to approximately 76 tradable instruments, including 68 forex pairs and 8 cryptos via Paxos. [Note: Instrument availability may vary by division.] Traders can choose between a proprietary platform (web and desktop version), MT4. Their trading platform has an intuitive design, offers automated trade execution, and multiple features for algorithmic trading. Market research features are powered by TradingView.

OANDA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of approximately 1.4 pips on EUR/USD for their standard account in OANDA Corporation (US division). [Note: Spreads may vary depending on market conditions, division, and account type, including different spreads for standard and premium accounts like Core Spread accounts.]

OANDA’s customer service in OANDA Corporation (US division) is available by email, live chat (chatbot), and phone, with initial filtering by a chatbot before connecting to an agent. [Note: Customer service availability and processes may vary by division.]

Pros

  • Low minimum deposit ($100)
  • Competitive forex spreads from 0.8 pips (EUR/USD)
  • Wide range of platforms and plugins (MetaTrader 4, AutoChartist, and Trading Central)
  • Great research and education materials
  • 7 Different account types

Cons

  • Algorithmic trading is only available through MetaTrader 4
  • High inactivity fees (3% of account balance after 90 days)

Pros

  • Regulated by six top-tier authorities globally, ensuring high compliance standards.
  • Offers 68 forex pairs and 8 cryptos in OANDA Corporation (US division).
  • No minimum deposit required, accessible for all traders.
  • Provides robust research tools with daily market updates.
  • Supports automated trading via APIs and MetaTrader 4.
    [Note: Offerings and benefits may vary by division.]

Cons

  • Standard account spreads (e.g., 1.4 pips EUR/USD) are above industry average.
  • Customer service response times can be slower than expected.
  • Limited product range beyond forex and cryptos in OANDA Corporation (US division).
  • Withdrawal fees apply for bank transfers (e.g., $20 in US division).
  • No MetaTrader 5 access in OANDA Corporation (US division).
    [Note: Drawbacks may vary by division.]

Key features

  • Access to over 80 forex pairs and 300 CFDs
  • Compatible with MT4 and Trading Central
  • Excellent Copy Trading features
  • Advanced charting and analysis tools
  • Welcome bonuses for new users
  • Commission-free CFD trading and low floating spreads from 0,0 pips

Key features

  • OANDA Trade platform with TradingView charts for advanced analysis.
  • Mobile app supports trading with real-time data and alerts.
  • Educational resources include webinars, tutorials, and articles.
  • Negative balance protection offered in certain divisions (e.g., EU).
  • Core Pricing accounts (minimum $10,000) offer lower spreads with commission.
    [Note: Features and availability differ by region.]

IronFX vs. OANDA Comparison

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oanda-logo

OANDA

Open account Read review

74-89% of retail CFD accounts lose money

BROKER COMPARISON

Iron-fx-logo
oanda-logo

Overall rating

3,7/5

3,8/5

Overall rating

3,7/5

3,8/5

Trading Platform & Tools

3.5

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1000:1 1:50
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.6

3.1

See details
Withdrawal Fee 0 $20 + Fee
Deposit Fee 0 0
Inactivity Fee 3% on withdrawal if you have not entered a trade after deposit $10 a month after 12 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.7 1.3
Stocks & ETF 0 0
CFD (Gold) 0.6 31
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.9

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.5

3.8

See details
Minimum deposit (in UAE) $100.00 $0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.7

1.8

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 27 0
Bonds 0 0
Forex Instruments 84 68
CFD Indices & Funds 21 12
CFD Stocks 150 0
CFD Commodities 16 35
CFD Crypto 0 0
CFD Bonds 0 3
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

2.8

3.6

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.3

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

IronFX vs. OANDA Comparison Conclusion

The results of our comparison of IronFX vs. OANDA are involved the table listed below.

Broker:Best For:
IronFXForex and CFD Trading & Social Copy Trading
OANDAForex and CFDs

Choosing the right selection in between IronFX and OANDA can be hard. Both on-line brokers have similarities but vary regarding trading instruments, systems & applications, law, deposit & withdrawals, and research and education and learning. Picking the very best broker depends on users’ trading & financial investment goals, individual choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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