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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
4.2 / 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
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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
  • 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.