IG Markets vs OANDA

In the table above we compare FX Broker IG Markets vs FX BrokerOANDA .This is a very important step before starting to trade on the currency markets as by choosing the wrong broker could get you stuck or even put of trading in the currency markets.
Five major things to look out for are:

1. Compare Regulations: IG Markets vs OANDA
Is Broker OANDA regulated or is Broker OANDA regulated?
Compare IG Markets vs OANDA and find out who is regulated and where.
In the event IG Markets or OANDA goes bankrupt, the different regulators can help you recover sums up to 100,000 USD. Obviously this depends on who regulates IG Markets, and who regulates OANDA

2. Compare Account types: IG Markets vs OANDA
Every body has different needs, who is looking for an ECN forex account and who is simply looking for a market maker. Compare IG Markets vs OANDA in the table above and find out what type of accounts do they offer (DMA-STP, ECN-STP, STP, Market maker), what leverage they offer(between 1:100 and 1:2000), do your forex strategies require a Metatrader 4(MT4), do you need a demo account, have you downloaded an EA and would like to test it on IG Markets’s demo account or OANDA ‘s demo account? Do you neem direct market access or need to access IG Markets’s API or OANDA’s API?
What initial deposit is IG Markets asking for and what initial deposit is OANDA asking for?

3. Currency Pairs Offered
Do you trade the usual currency pairs or do you need a greater number of exotic currencies, compare IG Markets vs OANDA and see who offer more or less currency pairs.

4. Customer Service
One of the most important aspects is IG Markets’s customer service vs OANDA’s customer service. As if you have an issue you would like to speak or chat to someone immediately.

5. Trading Platform
The trading platform is also extremely important as you will spend a lot of time on IG Markets’s FX trading platform or OANDA’s currency trading platform. try different platforms top see which one you like, the most popular on the forex market is MT4 or Metatrader 4, but there are many other platforms like Metatrader4 ECN, MT5 or Currenex. Compare IG Markets vs OANDA and see who offers 4 digits or 5 digits pricing, which of the two allows experts advisors on the MT4.
Not to forget to compare IG Markets’s fees vs OANDA ‘s fees.
For those that a different style of trading, compare IG Markets vs OANDA to see who offers, Mirror Trader, ZuluTrade, or Signal Trader

If you would like to trade with your IOs or windows mobile platform compare IG Markets vs OANDA and see who offers a platform for your apple, android or tablet and where to download the app to FX trade with either IG Markets or OANDA

For any further questions feel free to comment below. If you would like to leave a review of IG Markets or review OANDA, feel free to do so too.