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Head to head

IFC Markets vs OANDA

IFC Markets is licensed by Labuan FSA in Labuan, Malaysia, and also has an offshore registration. OANDA is licensed by CFTC / NFA in the United States, FCA in the United Kingdom, KNF in the European Union, CIRO in Canada, ASIC in Australia, MAS in Singapore and JFSA in Japan, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $15 at IFC Markets (the Classic Standard (fixed spread) account needs $1,000) and $0 at OANDA. Both offer negative balance protection. Only OANDA offers segregated client money.

Facts last checked: IFC Markets on 20 October 2026, OANDA on 20 October 2026.

IFC Markets profileOANDA profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
IFC MarketsOffshore registration onlyRead the profile
OANDAStrictly regulatedRead the profile
Comparing
IFC MarketsClassic Standard (fixed spread) account · British Virgin Islands
OANDAUnited States

Overview

Founded
2006
Not yet checked
Headquarters
Not yet checked
Not yet checked
Official websites
  • ifcmarkets.com
  • ifcmarkets.co.in
  • ifcmarkets.ae
  • ifcmarkets.hk
  • oanda.com
  • oanda.sg
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
IFCMARKETS. CORP.
OANDA Corporation
Regulator
BVI FSC
British Virgin Islands
CFTC / NFA
United States
Regulation level
Offshore registration only
Strictly regulated
Licence number
SIBA/L/14/1073
Check the register
NFA ID 0325821
Check the register
Clients this company serves
International clients (not residents of the US, Russia or the BVI)
US residents (retail forex; registered futures commission merchant and retail foreign exchange dealer)
All licences held
  • BVI FSC (British Virgin Islands)
  • Labuan FSA (Labuan, Malaysia)
  • CFTC / NFA (United States)
  • FCA (United Kingdom)
  • KNF (European Union)
  • CIRO (Canada)
  • ASIC (Australia)
  • MAS (Singapore)
  • JFSA (Japan)
  • FSC (BVI) (British Virgin Islands)
Segregated client money
No
Yes
Negative balance protection
Yes
Yes
Compensation scheme
None
FSCS (UK, OANDA Europe Limited clients); CIPF (Canada); other countries have their own schemes or none

Costs

Your monthly cost
$180$18 per lot × 10 lots
No accounts listed
Cost per lot (EUR/USD)
$18
No accounts listed
Spread from
1.8 pips
No accounts listed
Typical EUR/USD spread
1.8 pips
No accounts listed
Commission per lot (round turn)
None
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Not yet checked

Leverage and margin

Maximum retail leverage
1:400 on Micro and Nano accounts; 1:200 on Standard accounts
1:30 on major currency pairs (UK and EU retail clients); other companies set their own limits
Retail leverage by asset class
  • All instruments, Standard accounts: Up to 1:200
  • All instruments, Micro and Nano accounts: Up to 1:400
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs: 1:5
Margin call level
Not yet checked
Not yet checked
Stop-out level
10%
Not yet checked

Account

Minimum deposit (this account)
$1,000
No accounts listed
Base currencies
USD, EUR, JPY
No accounts listed
Execution
Instant execution, fixed spread, no commission (MT4 and NetTradeX)
No accounts listed

Platforms and features

Platforms
  • NetTradeX
  • MetaTrader 4
  • MetaTrader 5
  • Web terminal
  • Mobile apps
  • OANDA Trade web
  • OANDA Trade mobile app
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
Markets
650+ CFDs on forex, metals, indices, stocks, commodities, ETFs and cryptocurrencies, plus self-built synthetic instruments
Currency pairs, indices, commodities, metals, bonds, shares and ETFs as CFDs and spread bets (UK)
Demo account
Yes
Not yet checked
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Yes

Deposits and withdrawals

Deposit methods
  • Bank transfer
  • Bank card
  • Cryptocurrency
  • Open Banking
  • Local bank (Africa)
  • Mobile money
  • WebMoney
  • Debit or credit card
  • Bank transfer
Withdrawal fee
Bank wire at your bank's fee; card, crypto and e-wallet withdrawals carry fees that vary by method (for example 3% for Open Banking)
No deposit or withdrawal fees from OANDA (UK); your bank may charge
Inactivity fee
Up to $10 a month after 12 months without trading, only while the balance is positive
Monthly fee after 12 months without trading, capped at £20 a month per client (UK)

Support

Customer support
24/7 online support
Not yet checked

Our notes

Strengths
  • Fixed 1.8-pip EUR/USD spread on Classic accounts, so costs are known in advance
  • Micro and Nano accounts from $15
  • Choice of NetTradeX, MT4 and MT5, with hedging or netting on MT5 and NetTradeX
  • Licensed by strict regulators in the US, UK, EU, Canada, Australia, Singapore and Japan
  • No minimum account balance and no deposit or withdrawal fees on the UK site
  • Guaranteed stop-loss orders available in the UK (for a fee)
Watch out for
  • Licensed only in the BVI (offshore) and Labuan; no FCA, ASIC, CySEC or similar licence
  • Stop-out level of only 10%, so positions are closed late and losses can run far
  • Monthly inactivity fee of up to $10 after 12 months without trading
  • Standard accounts need a $1,000 first deposit
  • Clients outside the countries with a local OANDA company may be placed with OANDA Global Markets Ltd, which holds only an offshore licence from the BVI FSC
  • UK inactivity fee after 12 months without trading, up to £20 a month
  • The NFA's BASIC record for OANDA Corporation lists past NFA and CFTC regulatory actions; read them there before you open a US account

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • IFC Markets: Your capital is at risk. Leveraged products may not be suitable for everyone.
  • OANDA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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