Oanda
Regulated in your country Oanda holds a licence from the regulator of the country this site is for, so local investor protections apply.
76.6% of retail investor accounts lose money when trading CFDs with this provider.
Plus500
Regulated in your country Plus500 holds a licence from the regulator of the country this site is for, so local investor protections apply.
CFD service. 82% of retail investor accounts lose money
Best for
What we compare A comparison of the kinds of traders Oanda and Plus500 are best suited to, based on what each one actually offers in United Kingdom.Oanda is better than Plus500 for scalpers, news traders and algo traders, while Plus500 is better for high-volume traders. Professional traders, swing traders and CFD stock traders can choose either Oanda or Plus500.
| Overall score | Oanda 82 Best | Plus500 78 -4 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise Oanda and the ones that supervise Plus500.Oanda and Plus500 are both regulated in the UK, by the FCA.
| Section score | Oanda 100 | Plus500 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that Oanda and Plus500 have in place to protect your money in United Kingdom.Both Oanda and Plus500 offer segregated client funds and an investor compensation scheme.
| Section score | Oanda 79 -6 | Plus500 85 Best |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1996 | 2008 |
| Parent company i | OANDA Group | Plus500 Ltd. |
| CEO i | Gavin Bambury | David Zruia |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | N/A |
| Brand power | ||
| Number of customers worldwide i | 30,000,000 | |
| Annual revenue i | USD 16,900,000 | USD 768,300,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with Oanda and with Plus500 in United Kingdom, both on each trade and on holding the account.Oanda is better than Plus500 for costs, because Oanda is cheaper on EUR/USD, at 4.75 USD per lot (against Plus500's 8 USD), has tighter S&P 500 CFD spreads, at 0.49 points (against Plus500's 0.7 points), and has tighter gold CFD spreads, at 0.57 points (against Plus500's 0.75 points). Neither Oanda nor Plus500 charges account maintenance fees or deposit fees.
| Section score | Oanda 75 Best | Plus500 69 -6 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 4.75 | USD 8 |
| S&P 500 fees (CFD) i | 0.49 points | 0.7 points |
| Gold fees (CFD) i | 0.57 points | 0.75 points |
| Bitcoin fees (CFD) i | ||
| US stocks fees (CFD) i | USD 0.06 | Free |
| Fees on stocks | ||
| Stock fee type i | Percentage | Spread |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with Oanda and with Plus500 in United Kingdom, and of how many instruments each one gives access to.Oanda is better than Plus500 for available markets, given that Oanda offers futures on crypto and forex, which Plus500 does not. Both Oanda and Plus500 offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | Oanda 100 Best | Plus500 75 -25 |
|---|---|---|
| Total tradable symbols i | 1,500 | 2,800 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that Oanda and Plus500 make available to their clients in United Kingdom.Oanda is better than Plus500 for platforms, since Oanda offers MetaTrader 5, MetaTrader 4 and TradingView, which Plus500 does not. Both Oanda and Plus500 offer a proprietary platform and one-click trading.
| Section score | Oanda 91 Best | Plus500 72 -19 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of Oanda and Plus500 in United Kingdom, and of what each one lets you do from your phone.Oanda is better than Plus500 for mobile trading, as Oanda offers the MetaTrader 5 app and the MetaTrader 4 app, which Plus500 does not. Oanda and Plus500 both offer a proprietary mobile app and mobile price alerts.
| Section score | Oanda 86 Best | Plus500 80 -6 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that Oanda and Plus500 allow on their platforms in United Kingdom.Oanda is better than Plus500 for trading features, as Oanda offers tier-1 liquidity providers, which Plus500 does not, and allows for scalping and automated trading. Both Oanda and Plus500 offer negative balance protection and trailing stops.
| Section score | Oanda 83 Best | Plus500 72 -11 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | ||
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at Oanda and at Plus500 in United Kingdom, and of who each one is meant for.Oanda and Plus500 are equally good for account types, since Oanda offers a corporate account and a raw spread account while Plus500 offers an Islamic account and a swap-free account. Both Oanda and Plus500 offer a demo account and a professional traders account.
| Section score | Oanda 53 | Plus500 51 -2 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with Oanda and with Plus500 in United Kingdom.Plus500 is better than Oanda for account opening, since Plus500 offers 3 account base currencies (against Oanda's 1), supports e-wallets, which Oanda does not, and credits deposits faster, within 1 day (against Oanda's 2 days). That said, Oanda asks for no minimum deposit at all (against Plus500's 100 USD).
| Section score | Oanda 65 -7 | Plus500 72 Best |
|---|---|---|
| Minimum deposit i | USD 0 | USD 100 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Skrill | |
| Local payment methods i | ||
| Account base currencies i | USD | AUD, EUR, USD |
| Deposit waiting time i | up to 2 business days | up to 1 business days |
| Withdrawal waiting time i | up to 2 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Oanda and Plus500 in United Kingdom, in how it can be reached and how fast it answers.Plus500 is better than Oanda for customer care, as Plus500 offers customer support in 29 languages (against Oanda's 5), and has a website in 29 languages (against Oanda's 7). Oanda and Plus500 both offer live chat and email support.
| Section score | Oanda 46 -12 | Plus500 58 Best |
|---|---|---|
| Number of languages supported i | 7 | 29 |
| Website languages i | German, English, French, Italian, Russian, Spanish, Chinese | Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, Russian, Spanish, Chinese | Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that Oanda and Plus500 provide to their clients in United Kingdom.Oanda is better than Plus500 for learning, since Oanda offers an economic calendar, which Plus500 does not. Oanda and Plus500 both offer education for advanced traders and webinars.
| Section score | Oanda 80 Best | Plus500 75 -5 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
Oanda vs Plus500: which one should you choose?
Oanda
CFD Choose Oanda if you want a CFD and forex broker with low trading costs, no minimum deposit and several trading platforms.
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.
Plus500
CFD Choose Plus500 if you want an online CFD broker with fast withdrawals and a guaranteed stop loss.
Open Account CFD service. 82% of retail investor accounts lose moneyOther popular comparisons
Below are other head-to-head comparisons that include Oanda or Plus500, each scored with the same data and method as this page.
