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 77% of retail CFD accounts lose money	Visit broker 76.4% of retail CFD accounts lose money
overall rating	4.2 / 5.0	4.4 / 5.0
overall pros	Easy-to-use web trading platform Easy and digital account opening Powerful research tools	Easy to use platform Low spreads Listed on AIM section of the London Stock Exchange
overall cons	Only FX, and some CFDs Poor customer service Pricey withdrawal	Limited product portfolio, only CFDs High financing rates Minimal research tools
fees	3 stars Low trading fees Withdrawal fee High financing rate Financing rate calculation is non-transparent	4 stars Low trading fees No withdrawal fee Inactivity fee High financing rate Financing rate calculation is non-transparent
account opening	4 stars Fast account opening Fully digital account opening No minimum account balance Sales team pushy It can take up to 3 business days	5 stars Fast account opening Fully digital account opening User-friendly
deposit and withdrawal	4 stars Several account base currencies User-friendly First withdrawal is free for credit/debit cards and electronic wallets High withdrawal fee Slow funding and withdrawal - over 3 days	5 stars Credit/Debit card deposit and withdrawal No deposit fee User-friendly Five withdrawal per month is free
web trading platform	5 stars User-friendly Good search function Good customizability (for charts, workspace) No price alerts	4 stars User-friendly Two-step (safe) login Good search function Available in several languages Limited customizability (for charts, workspace)
mobile trading platform	4 stars Two-step (safe) login Price alerts Does not look nice	5 stars User-friendly Two-step (safe) login Good search function
desktop trading platform	3 stars User-friendly Good customizability (for charts, workspace) Two-step (safe) login Not user-friendly Poor search function	-
markets and products	1 stars Forex CFD	2 stars Forex CFD Crypto
research	4 stars Good interactive chart Good set of analytical tools Great API offer No analyst recommendations for stocks, bonds, etc. No fundamental data available Research tool are not at one place	1 stars Good interactive chart No analyst recommendations for stocks, bonds, etc. No fundamental data available No/Poor quality news flow
customer service	3 stars Live chat Available from Sunday to Friday Slow support Irrelevant answers	5 stars Live chat Fast response time Relevant answers 24/7 availability No phone support
education	4 stars Demo account Trading platform tutorial videos Educational videos Videos can be better organized	2 stars Demo account No trading platform tutorial videos No educational videos
safety	Regulated by top tier financial authority High level of investor protection Negative balance protection Not listed on stock exchange Financial information is not publicly available	Regulated by top tier financial authority Listed on stock exchange Financial information is publicly available
recommended for	Forex traders that prefer a user-friendly platform and great research tools	Experienced traders looking for an easy-to-use platform, with great user experience.

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