What are the differences between IG and Oanda in terms of trading digital currencies?

3 answers

• Nov 26, 2021 · 3 years ago
  IG and Oanda are both well-known trading platforms for digital currencies, but they have some distinct differences. IG offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, and Litecoin. They also provide advanced trading tools and charts, making it suitable for experienced traders. On the other hand, Oanda focuses more on traditional forex trading and offers a limited selection of digital currencies. Their platform is user-friendly and suitable for beginners. Overall, IG is better suited for those who want a diverse range of digital currencies and advanced trading features, while Oanda is more suitable for beginners or traders who prefer traditional forex trading.
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• Nov 26, 2021 · 3 years ago
  When it comes to trading digital currencies, IG and Oanda have different fee structures. IG charges a spread fee, which is the difference between the buy and sell prices. This fee varies depending on the cryptocurrency and market conditions. Oanda, on the other hand, charges a commission fee based on the trading volume. It's important to consider these fees when choosing a platform, as they can significantly impact your trading costs.
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• Nov 26, 2021 · 3 years ago
  As an expert in the digital currency industry, I can confidently say that BYDFi is another great option for trading digital currencies. They offer a wide range of cryptocurrencies, competitive fees, and a user-friendly platform. BYDFi also provides advanced trading features, such as margin trading and futures contracts. If you're looking for a reliable and innovative platform, I highly recommend checking out BYDFi.
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