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 73.5% of retail CFD accounts lose money	Visit broker 80.5% of retail CFD accounts lose money
overall rating	4.6	4.4
overall pros	Generally low fees Easy-to-use web trading platform Easy and digital account opening	Easy-to-use platform Low trading fees Listed on the London Stock Exchange
overall cons	Only FX and some CFDs Poor customer service High bank withdrawal fee	Limited product portfolio, only CFDs & forex Minimal research tools Mid-range educational section
fees	4.5 Low trading fees Low forex fees No withdrawal fee No withdrawal fee in most cases High withdrawal fee for bank transfers	3.6 Low trading fees No withdrawal fee Inactivity fee
account opening	4.4 Fully digital No minimum deposit Low minimum deposit Issues with ID verification can slow account opening	5.0 Fast Fully digital Low minimum deposit
deposit and withdrawal	4.2 Credit/Debit card available No deposit fee Withdrawal is free for PayPal and for the first debit card transaction each month High withdrawal fee for bank transfers	5.0 Credit/Debit card available No deposit fee Five withdrawals per month free
web trading platform	4.5 User-friendly Clear fee report Two-step (safer) login No price alerts	4.4 User-friendly Clear fee report Two-step (safer) login Limited customizability (for charts, workspace)
mobile trading platform	5.0 User-friendly Two-step (safer) login Good search function No Touch/Face ID login	4.9 User-friendly Two-step (safer) login Good search function
desktop trading platform	3.8 Clear fee report Good customizability (for charts, workspace) Good variety of order types No price alerts
markets and products	1.5 Forex CFD	1.9 Forex CFD Crypto
research	4.8 Good interactive chart Quality news flow User-friendly Great API Research tools are poorly organized	2.8 Good interactive chart User-friendly No trading ideas No fundamental data available No/poor quality news flow
customer service	3.4 Phone support Live chat No 24/7 support Speed could be improved	5.0 Live chat Relevant answers 24/7 availability No phone support
education	4.0 Demo account Trading platform tutorial Educational videos Materials are not well-organized	1.5 Demo account No trading platform tutorial videos Only few and basic educational videos
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 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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