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Oanda vs Trading 212: Comparison and Analysis

Trying to figure out whether to use Oanda or Trading 212? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of Oanda and Trading 212 side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
CFDs are not available to residents in the United States
Oanda review
Open Account
83% of retail investor accounts lose money
Trading 212 review

Overall Ratings


Rated
80
Rated
79

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • Oanda
  • Trading 212

Security 94
Security 94

Cost 73
Cost 79

Trading 71
Trading 71

Education 80
Education 58

Company Info


Foundation
1996
2004
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, de, es, fr, ru, it, chi
en, ar, de, es, fr, ne, pol, rom, ru, it, chi

Leverage


Non-EU Leverage ?
50:1
300:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
50:1
0
Canadian Leverage ?
50:1
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
10515
96563
SimilarWeb - Total Visits
8370000
812640
Facebook Likes
66508
97155
Twitter Likes
18400
3173
Instagram Likes
562
2362

Deposit and Withdrawal


Minimum Deposit ?
1 USD
Minimum Withdraw ?
1
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Giropay, iDeal, Dotpay, Gpay, Apple Pay, Maestro, Carte Bleue
Deposit Waiting Time ?
1-2 business days
10 minutes
Withdraw Waiting Time ?
1-2 business days
2 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
USD
EUR, GBP, USD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
3.0
0.05
Natural Gas ?
0.6
0.03
Silver ?
277.0
0.035
Platinum ?
833.4
0.9
Copper ?
0.0029
Soybeans ?
1.0
Corn ?
2.0
Gold ?
205.6
0.25

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.1
0.8
USD/JPY Average Spread
0.2
0.8
USD/CHF Average Spread
0.2
1.2
GBP/USD Average Spread
0.2
0.8
USD/CAD Average Spread
0.2
1.8
AUD/USD Average Spread
0.2
0.8
NZD/USD Average Spread
0.2
1.3
EUR/GBP Average Spread
0.2
1.2

Fees on Stocks


Apple
0.00
Facebook
0.00
Alphabet
0.00
Snapchat
0.00
BP
0.00
Tesco
0.00
Barclays
0.00
Lloyds
0.00

Fees on Indices


FTSE100
0.8
1.00
S&P500
0.3
0.50
Dow Jones
Nasdaq
0.5
1.0
CAC40
1.2
3.0
DAX30
0.9
4.0
Nikkei 225
15.0
Euro Stoxx 50
0.9
2.5

Fees on Cryptocurrencies


Bitcoin
0
0
Ethereum
0
0
Ripple
0
0
Litecoin
0
0
Bitcoin Cash
0
0
Dash
0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, ru, ko, chi
en, ar, de, es, fr, ne, pol, rom, ru, it, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
55
200
Crypto ?
55
Commodities ?
31
23
Stocks ?
3000
Indices ?
16
1595
ETF ?
400
Futures ?
80
Options ?
Bonds ?
6
64
Metal ?
5
6
Agricultural ?
4
10
Energies ?
3
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
ETF, IPO, Penny Stocks, Stocks

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.00001 lots
0.001 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
41
Number Chart Drawing Tools ?
31
20
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, de, es, ru, chi
en, ar, de, es, fr, ne, pol, rom, ru, it, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

Oanda vs Trading 212: A Comprehensive Comparison

When it comes to choosing a broker, traders have to consider multiple factors such as security, fees, available markets, account types, and platforms. In this comparison, we will take a closer look at two popular brokers: Oanda and Trading 212.

Security

Both brokers have a high security rating of 94. However, Oanda has more regulatory bodies overseeing its operations, including ASIC, MAS, FSA, FCA, NFA, IIROC, and BVI. Oanda’s regulation by the NFA also makes it eligible for US traders.

Demo Account

Both brokers offer unlimited demo accounts with virtual funds. However, Oanda provides a higher amount of virtual funds at $100,000 compared to Trading 212’s $50,000. Moreover, Oanda allows for the restoration of virtual funds by contacting customer support.

Account Opening

Oanda has no minimum deposit requirement, making it accessible to all types of traders. It offers multiple account types, including Standard, Premium, Core, Spread Betting, and Professional accounts. Traders can also choose from a variety of payment methods, including wire transfers, credit/debit cards, and eWallets. Trading 212, on the other hand, requires a minimum deposit of $1 for the Invest account and $10 for the CFD account. It offers different account types, including CFD, Invest, ISA, and Professional accounts, and accepts wire transfers, credit/debit cards, and eWallets as payment methods.

Social-Copy Trading

Both brokers allow traders to engage in copy-social trading. Oanda offers third-party platforms like TradingView, while traders can use the EAs on the MT4 and MT5 platform for copy trading. Trading 212, on the other hand, offers the Autoinvest feature where traders can copy each other’s stock investing strategies.

Markets

Oanda offers 68 forex pairs, 31 commodities, 18 indices, 18 crypto assets, over 1600 stocks, 40 ETFs, and six bonds. Trading 212, on the other hand, offers 200 forex pairs, 23 commodities, over 1500 indices, 0 crypto assets, over 3000 stocks, 400+ ETFs, and 80+ futures and options. Trading 212 offers stocks and ETFs as both CFDs and real assets, making it a good option for long-term stock investing.

Trading Fees

Oanda’s spreads start from 1.2 pips on forex, which is slightly above the market average. It offers zero commission on EUR accounts for stocks. On the other hand, Trading 212’s spreads start from 1 pip, and Invest account holders pay zero commission for stocks.

Platforms

Both brokers offer proprietary platforms that are available via desktop, web, and mobile devices. Oanda offers its Oanda Trade Platform, as well as MT4 and MT5 platforms. MT5 is only available in the European Union. Trading 212 offers its proprietary platform, available via web and mobile devices.

Education/Customer Care

Oanda offers a range of technical and fundamental analysis tutorials, webinars, and events. Customer care is easy to contact via phone, email, and live chat. Trading 212 offers a basic academy section with standard information that is useful mainly to less experienced traders. Customer care is easy to contact via email and live chat. Trading 212 also offers an automated translator that allows traders to contact them in any language.

Conclusion

Both Oanda and Trading 212 are reputable brokers that offer a wide range of markets and account types. Oanda is a better option for forex traders, while Trading 212 is more suitable for long-term stock investors. Oanda offers a higher amount of virtual funds and provides more regulatory oversight, making it more secure. On the other hand, Trading 212 has a lower minimum deposit requirement and offers zero commissions for stocks on its Invest account. Ultimately, the choice between Oanda and Trading 212 will depend on the individual trader’s preferences and trading goals.