OANDA vs Interactive Investor, Updated for 2024
OANDA Rating
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Interactive Investor Rating
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Losses can exceed deposits |
Losses can exceed deposits |
OANDA vs Interactive Investor Guide |
Read our In-Depth OANDA vs Interactive Investor Review - Updated for 2024
Our comprehensive analysis of OANDA and Interactive Investor has been revised to reflect any changes for 2024 by industry experts boasting extensive expertise in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of OANDA vs Interactive Investor does not apply to all countries as follows:
OANDA Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Interactive Investor Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare OANDA vs Interactive Investor
Each platforms for online trading has certain ups and downs, so a complete OANDA and Interactive Investor review should not be complete without embracing an objective perspective.
Assess Interactive Investor and OANDA to get a better understanding of just how these platforms stack up with one another before you decide to open an account. Conducting a comprehensive comparison helps to place factors in perspective in order that you remain cognizant of what you should anticipate.
So you are looking for a professional broker and are choosing between OANDA or Interactive Investor. Who should you choose?
Our OANDA vs Interactive Investor comparison contains the most recent information so you can easily compare Interactive Investor against OANDA.
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will get proficient at all of the concepts of broker as you continue trading. For starters, you need to select the ideal agent who will be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. OANDA and Interactive Investor are just two such trading platforms that will take you along with your investment into great heights. It's crucial to compare OANDA vs Interactive Investor until you trust them with your cash.
Our OANDA vs Interactive Investor comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust OANDA and Interactive Investor side by side.
Our entire OANDA vs Interactive Investor Review covers everything you need to know about trading using either OANDA or Interactive Investor. A fantastic broker can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you select them. It's a common misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
OANDA and Interactive Investor are both brokers that have found their way successfully into the brokerage world. Within this review, we've attempted to collate a number of the vital facets of both OANDA and Interactive Investor. This review can allow you to know whether either Interactive Investor or OANDA is a fantastic fit for your investments or not. We've tried to breakdown all of the qualities and fees for your convenience.
Benefits of OANDA and Interactive Investor Compared
OANDA offers a minimum deposit of $1 while Interactive Investor offers a $1 minimum deposit.
Why smaller minimum deposits are good and how OANDA and Interactive Investor compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
OANDA allows you to trade around 100 financial instruments whilst Interactive Investor allows you to trade around 100 financial instruments on their platform.
The more instruments you can trade on the OANDA and Interactive Investor platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of OANDA or Interactive Investor.
OANDA and Interactive Investor Contact Details
Being able to contact an online trading platform easily is vital. OANDA and Interactive Investor have the following contact details and social medias that you can use.
Broker | OANDA | Interactive Investor |
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OANDA Instagram Account | Interactive Investor Instagram Account | |
OANDA LinkedIn Page | Interactive Investor LinkedIn Page | |
YouTube | OANDA YouTube Channel | Interactive Investor YouTube Channel |
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Interactive Investor and OANDA Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of OANDA and Interactive Investor we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
OANDA vs Interactive Investor - Awards
OANDA vs Interactive Investor - Frequently Asked Questions
OANDA vs Interactive Investor - Headquarters And Year Of Founding
OANDA was founded in 1996 and has its headquaters in United States, Canada.
Interactive Investor was founded in 1995 and has its head office in UK.
What is the minimum deposit for Interactive Investor or OANDA
The minimum deposit for OANDA is $1.
The minimum deposit for Interactive Investor is $1.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both OANDA and Interactive Investor are a good choice.
OANDA vs Interactive Investor - Regulation And Licencing In More Detail
OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
Interactive Investor is regulated by Financial Conduct Authority (FCA).
Both OANDA and Interactive Investor have a powerful set of rules for ensuring fair trading onto their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their privacy policies, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare OANDA vs Interactive Investor Commission And Fees
OANDA and Interactive Investor are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. In other words, an online broker is not necessarily influenced by the amount of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 types of fees for this objective.
The first kind of fees to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these instances, you're spending a spread, funding speed, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight prices are people who are charged when you maintain a leveraged position for more than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They're billed for surgeries like depositing cash, not investing for long periods, or withdrawals.
Generally, neither OANDA or Interactive Investor charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often exchange, for example daily or weekly trading.
But, non-trading fees charged by OANDA and Interactive Investor are comparatively greater. As a result, you are billed more for non-trading actions in your trading accounts, such as withdrawal and deposits. These aren't about the purchase and sale of assets.
This OANDA vs Interactive Investor review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For OANDA And Interactive Investor
What Languages Do OANDA And Interactive Investor Support?
Being able to chat completely with your trading broker is a key way of comparing brokers to find the best broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key factor to success when trading online.
Below you can find all the languages that both OANDA and Interactive Investor support.
Broker | OANDA | Interactive Investor |
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Languages Supported | English, and Chinese | English, and Chinese |
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How Many Clients Do OANDA and Interactive Investor Have?
Both OANDA and Interactive Investor are well known and trusted. It is really important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many users OANDA and Interactive Investor are active on their platform
Broker | OANDA | Interactive Investor |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do OANDA and Interactive Investor Accept?
OANDA and Interactive Investor both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at OANDA and Interactive Investor
What Can You Trade With OANDA and Interactive Investor?
OANDA offers 100 trading instruments whilst Interactive Investor offers 100.
Below you will find a full breakdown of what both OANDA and Interactive Investor offer.
OANDA Review
OANDA vs Interactive Investor:
Table Of Contents
- Compare OANDA vs Interactive Investor
- Benefits of OANDA and Interactive Investor Compared
- Interactive Investor and OANDA Mobile App Comparison
- OANDA vs Interactive Investor - Awards
- OANDA vs Interactive Investor - Frequently Asked Questions
- What is the minimum deposit for Interactive Investor or OANDA
- OANDA vs Interactive Investor - Regulation And Licencing In More Detail
- Compare Broker Fees For OANDA And Interactive Investor
- What Languages Do OANDA And Interactive Investor Support?
- How Many Clients Do OANDA and Interactive Investor Have?
- What Payment Methods Do OANDA and Interactive Investor Accept?
- What Can You Trade With OANDA and Interactive Investor?