07 February 2019

Which is the better broker? (IG vs Oanda)

I used to use Oanda for 3 years before I switched to IG. There is a long story behind, but moving forward, I am quite pleased with IG so far.

I did some rudimentary comparison, compiled for my own convenience and your reference.

I have not tried other brokers yet, so I will just comment on these 2 brokers.

Let me know what you think.



Conclusion:

IG is preferred over Oanda because:

  1. There are more products available.
  2. IG fees are lower.
  3. IG does not have withdrawal fees.
  4. Both trading platforms are smooth.
  5. IG has local staffs to assist.







Details:

IG
http://www.ig.com/sg/trade-cfds-with-ig-referral?QPID=2887241907&QPPID=1


Overall Pros

Oanda






  1. Easy to use web trading platform
  2. Helpful and reliable customer service
  3. Great deposit and withdrawal tools


    Overall Cons

  1. Easy-to-use web trading platform
  2. Nice and digital account opening
  3. Powerful research tools






  1. Limited product portfolio
  2. Limited research tools

  1. Only FX, and some index CFDs
  2. Pricey withdrawal


Fees (Screenshots from websites)







and others








and others




Web Trading Platform



  1. Two-step (safe) login
  2. Excellent search function
  3. Good customizability 
  4. User-friendly

  1. Excellent search function
  2. Good customizability 
  3. User-friendly



Available products




  1. FX, 
  2. Commodities
  3. Indices
  4. Shares
  5. cryptocurrencies

  1. FX, 
  2. Commodities 
  3. Indices


Customer service




Available, local staffs
Available, overseas staffs



Research




https://www.ig.com/sg/news-and-trade-ideas
https://www.oanda.com/forex-trading/analysis/







//amazon