iFOREX vs OANDA: licences compared
Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.
| Attribute | iFOREX | OANDA |
|---|---|---|
| Licence Score | 22Very weak | 82Very strong |
| Strongest licence | 4 Tier 4 | 1 Tier 1 |
| Licences on record | 1 | 8 |
| 1 FCA United Kingdom | — | Licensed |
| 1 ASIC Australia | — | Licensed |
| 1 JFSA Japan | — | Licensed |
| 1 CFTC / NFA United States | — | Licensed |
| 1 MAS Singapore | — | Licensed |
| 1 CIRO Canada | — | Licensed |
| 2 MFSA Malta | — | Licensed |
| 4 BVI FSC British Virgin Islands | Licensed | Licensed |
| Founded | 1996 | 1996 |
| Headquarters | British Virgin Islands | United States |
| Type | Forex & CFD broker | Forex & CFD broker |
| Publicly listed | No | No |
| Platforms | Proprietary | Proprietary, MT4, MT5, TradingView |
| Minimum deposit | US$100 | No minimum |
| Visit | Visit site | Visit site |
Frequently asked questions
Is iFOREX or OANDA better regulated?
OANDA has the higher Licence Score (82 vs 22), based on the number and tier of licences, operating history and public listing.
Which regulators license both iFOREX and OANDA?
Both are matched to licences from BVI FSC.