Compare Oanda vs Plus500


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

Oanda vs Plus500
overall rating
4.6
4.5
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
4.2
  • Low forex fees
  • First credit/debit card withdrawal per month is free
  • Average CFD fees
3.2
  • 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
  • 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
  • Negative balance protection
  • 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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