Online brokers compared for fees, trading platforms, safety and more. See how Oanda stacks up against Plus500!
Last update of data—Dec 2022
Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Plus500 is a global CFD broker, listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK FCA and CySEC of Cyprus.
Recommended for forex traders who value a user-friendly platform and great research tools.
Recommended for experienced traders looking for an easy-to-use platform and a great user experience.
Oanda
Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Recommended for forex traders who value a user-friendly platform and great research tools.
Plus500
Plus500 is a global CFD broker, listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK FCA and CySEC of Cyprus.
Recommended for experienced traders looking for an easy-to-use platform and a great user experience.
Oanda's service is on par with Plus500's and a comparison of their fees shows that Oanda's fees are similar to Plus500's.
Account opening takes somewhat more effort at Oanda compared to Plus500, deposit and withdrawal processes are somewhat more complicated at Oanda, while customer service quality is similar to Plus500's.
Our experts rated the trading platform of Oanda as being of the same quality as the platform of Plus500, found that clients have access to less markets and products with Oanda, while Plus500 provides less useful research and education.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
Brokers displayed might not be available in United States.