Compare Oanda vs Plus500

Online brokers compared for fees, trading platforms, safety and more. See how Oanda stacks up against Plus500!

Oanda vs Plus500
open account	Visit broker 74-89% of retail CFD accounts lose money	Visit broker 72% of retail CFD accounts lose money
overall rating	4.6	4.4
overall pros	Great trading platforms Outstanding research tools Fast and user-friendly account opening	Easy-to-use platform Great account opening Quick and helpful customer support
overall cons	Only FX and CFD available No stock exchange listing and banking background Customer support is not 24/7	Limited product range, only CFDs Mediocre research tools Average CFD fees
fees	4.1 Low forex fees First credit/debit card withdrawal per month is free Average CFD fees	3.0 Free withdrawal Inactivity fee charged only if you don't log into the platform Average CFD fees
account opening	4.4 Fully digital No minimum deposit	5.0 Fast Fully digital Low minimum deposit
deposit and withdrawal	4.2 Credit/Debit card available Free withdrawal No deposit fee High withdrawal fee for bank transfers and PayPal	5.0 Credit/Debit card available Free withdrawal No deposit fee
web trading platform	4.5 User-friendly Clear fee report Two-step (safer) login No price alerts	4.5 User-friendly Clear fee report Two-step (safer) login Limited customizability for workspace
mobile trading platform	5.0 User-friendly Two-step (safer) login Good search function No Touch/Face ID login	5.0 User-friendly Two-step (safer) login Good search function
desktop trading platform	4.5 User-friendly Clear fee report Good customizability (for charts, workspace) No price alerts
markets and products	1.6 Forex CFD	1.9 CFD
research	4.5 Good interactive chart Data on asset fundamentals Quality news flow Great API No trading ideas Research tools are poorly organized	3.3 Good interactive chart User-friendly Market analysis No trading ideas No fundamental data available No/poor quality news flow
customer service	4.5 Phone support Live chat Fast response time No 24/7 support	5.0 Live chat Relevant answers 24/7 availability No phone support
education	4.5 Demo account Trading platform tutorial Educational videos Materials are not well-organized	3.5 Demo account Educational videos Educational articles No webinars Materials are not well-structured
safety	Majority of clients belong to a top-tier financial authority Negative balance protection Financial information is publicly available Does not hold a banking license Not listed on stock exchange	Listed on stock exchange Financial information is publicly available Does not hold a banking license
recommended for	Forex traders who value a user-friendly platform and great research tools	Experienced traders looking for an easy-to-use platform and a great user experience

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