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OANDA vs Trading 212 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of OANDA vs Trading 212, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 93
  • Tradeable Symbols (Total): 3928 info
Trading 212
4/5 Stars Overall
  • Minimum Deposit: €10
  • Trust Score: 79
  • Tradeable Symbols (Total): 8025

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

OANDA and Trading 212 are both reputable online brokers, founded in 1996 and 2004 respectively. Neither company is publicly traded or operates as a bank. OANDA boasts a solid regulatory standing with an impressive seven Tier-1 licenses, which contributes to its high Trust Score rating of 93, indicating it is highly trusted according to ForexBrokers.com. In contrast, Trading 212 holds two Tier-1 licenses, giving it a Trust Score of 79, marking it as having an average risk level.

For individuals looking for a reliable online broker, OANDA's extensive regulatory approvals and top-tier trust rating make it a standout choice. Meanwhile, Trading 212, while still credible, carries a slightly higher risk profile reflected in its trust score. Both brokers are well-regarded in the financial industry, but potential clients may weigh these trust indicators along with their own trading needs and experiences before making a decision.

Feature OANDA logoOANDA
Trading 212 logoTrading 212
Year Founded info 1996 2004
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

When comparing OANDA and Trading 212 in terms of commissions and fees, both brokers have their unique structures and benefits. OANDA is noted for having relatively high forex trading costs, with spreads that may be more substantial than the top brokers. In contrast, Trading 212 markets zero-commission trading for its CFD account, although this comes with the necessity of covering the spread costs when trading CFDs and forex. For January 2024, Trading 212 reported an average spread of 1.9 pips on the EUR/USD pair, which stands above the industry average.

OANDA offers two pricing models: default and core. The core pricing model, which necessitates a $10,000 minimum deposit, features lower spreads but comes with a per-side commission. For EUR/USD trades, OANDA's core pricing results in a combined cost of about 1.4 pips when all factors are considered, which is marginally better than its commission-free pricing. Trading 212, meanwhile, provides a minimum deposit of as low as 1 euro for the Invest account and 10 euros for the CFD account, making it more accessible price-wise for new traders. However, its EUR/USD spread of 1.9 pips still places it at a disadvantage compared to top brokers.

Both brokers have received a 4-star rating for commissions and fees. In the ForexBrokers.com ranking, OANDA holds the #34 position out of 62 brokers, while Trading 212 is ranked at #43. Despite OANDA's slightly higher standing, both platforms offer diverse trading features that can cater to different trader needs, with their unique advantages and limitations in trading costs and pricing transparency.

Feature OANDA logoOANDA
Trading 212 logoTrading 212
Minimum Deposit info $0 €10
Average Spread EUR/USD - Standard info 1.61 info 1.9 info
All-in Cost EUR/USD - Active info 1.61 info 1.9 info
Active Trader or VIP Discounts info Yes info No
ACH or SEPA Transfers info Yes info Yes
PayPal (Deposit/Withdraw) info Yes info Yes
Skrill (Deposit/Withdraw) info Yes info No
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investments offered by OANDA and Trading 212, both platforms provide access to forex trading through CFDs or spot contracts. However, Trading 212 surpasses OANDA with an extensive selection of 8,025 tradeable symbols, nearly doubling OANDA's offering of 3,928. In terms of forex pairs, Trading 212 again leads with 146 pairs compared to OANDA's 68. Furthermore, Trading 212 allows clients to buy exchange-traded securities on U.S. and international exchanges, such as shares in Apple and Vodafone, which is not an option with OANDA. However, OANDA stands out by providing the ability to buy actual cryptocurrencies, whereas Trading 212 limits its crypto offerings to derivatives.

In contrast, OANDA has the distinct advantage of supporting copy trading, which Trading 212 does not offer. Despite the differences, both brokers offer the option to trade cryptocurrency derivatives. Considering these factors, Trading 212 is rated higher with 5 stars for its range of investments compared to OANDA's 4 stars. ForexBrokers.com ranks Trading 212 at #15 out of 62 brokers, highlighting its broader range, while OANDA ranks at #27. Both platforms cater to different types of investors, depending on whether one prioritizes a variety of traditional securities or the flexibility of direct cryptocurrency ownership and copy trading capabilities.

Feature OANDA logoOANDA
Trading 212 logoTrading 212
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 3928 info 8025
Forex Pairs (Total) info 68 146
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes info No
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

OANDA and Trading 212 both cater to traders with their simulated trading options, allowing users to try out the platforms with free virtual demo accounts. Both brokers have developed proprietary platforms, but when it comes to a Windows-based desktop download platform, OANDA takes the lead while Trading 212 does not offer this option. However, both provide web-based trading platforms accessible through a browser. For users interested in copy trading, OANDA delivers, whereas Trading 212 does not support this feature. Additionally, OANDA offers integration with popular platforms such as MetaTrader 4 and MetaTrader 5, setting it apart from Trading 212, which does not support these options.

OANDA provides a more extensive range of charting tools with 431 drawing tools compared to Trading 212's 20, thus appealing to those who require detailed market analysis. Both platforms allow trading directly from stock charts, enhancing user convenience. For organizing watch lists, OANDA offers slightly more flexibility with six fields compared to Trading 212's five. Despite these differences, both platforms have earned a four-star rating for their trading platforms and tools. However, in a ranking by ForexBrokers.com, OANDA is positioned slightly higher at #16 out of 62 brokers, while Trading 212 is ranked #21, reflecting minor differences in their offerings.

Feature OANDA logoOANDA
Trading 212 logoTrading 212
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes info No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 81 54
Charting - Drawing Tools (Total) info 431 20
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 6 5
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both OANDA and Trading 212 offer mobile apps for iPhone and Android users, accommodating traders on the go. Each app provides essential tools like price alerts and the ability to draw trendlines on charts, catering to those interested in stocks or forex. Where they differ, however, is in the synchronization of watchlists between mobile and online platforms; Trading 212 supports this feature, while OANDA does not. Moreover, Trading 212 boasts a more extensive selection of technical studies for in-depth chart analysis, with 104 options compared to OANDA's 30.

Despite Trading 212's wider array of technical features, OANDA receives higher accolades for its mobile app, earning a 5-star rating versus Trading 212's 4 stars. This is reflected in their rankings by ForexBrokers.com, where OANDA stands at #7 among 62 brokers, while Trading 212 is positioned at #17. Both platforms allow users to create watchlists with real-time quotes and support multiple time frames in chart viewing, ensuring comprehensive access to market data.

Feature OANDA logoOANDA
Trading 212 logoTrading 212
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 104
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing OANDA to Trading 212 in terms of market research offerings, OANDA comes out on top with comprehensive resources. It provides daily market commentary and sources forex news from high-quality outlets like Bloomberg and Reuters, which is crucial for traders who want timely and reliable information. Additionally, OANDA includes technical analysis tools from Autochartist and sentiment-based trading tools, like the long or short position ratios across different currency pairs, offering traders a variety of insightful data. An economic calendar is also available to keep users updated on global events. These features contribute to OANDA receiving an impressive 5-star rating for research and being ranked as the fifth among 62 brokers by ForexBrokers.com.

On the other hand, Trading 212, while offering forex news from reputable sources and a sentiment-based trading tool, lacks some of the other resources and features that OANDA provides, such as daily market commentary and tools from Autochartist. Both platforms supply an economic calendar, but Trading 212's overall research offerings earn it only a 3.5-star rating and a 46th-place rank in the research category according to ForexBrokers.com. For traders who prioritize robust research tools and insights to guide their trading decisions, OANDA appears to offer a more comprehensive suite of services.

Feature OANDA logoOANDA
Trading 212 logoTrading 212
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing OANDA and Trading 212 on the educational resources they provide for beginners, both platforms offer a wide range of learning materials. OANDA and Trading 212 each offer over 10 educational pieces focusing on forex or CFDs, including articles, videos, and archived webinars. Each platform hosts online educational webinars at least once a month, with both also maintaining searchable archives of these sessions for future reference. For novice traders, both brokers provide over 10 specialized beginner videos to help ease the learning curve, enhancing their understanding of trading fundamentals.

In addition to beginner resources, both OANDA and Trading 212 offer more than 10 advanced educational videos aimed at experienced traders, providing deeper insights into complex trading strategies. Each broker also maintains an investor dictionary with more than 50 investing terms to help users expand their financial vocabulary. Despite both offering comprehensive educational content, OANDA holds a higher education rating of 5 stars compared to Trading 212's 3.5 stars, though Trading 212 ranks slightly higher in ForexBrokers.com's education category at #20, while OANDA is ranked #22 out of 62 brokers. This comparison suggests that while both are strong contenders for educational resources, OANDA might offer more depth per resource according to ratings.

Feature OANDA logoOANDA
Trading 212 logoTrading 212
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that OANDA is better than Trading 212. OANDA finished with an overall rank of #12, while Trading 212 finished with an overall rank of #31.

A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.

Feature OANDA logoOANDA
Trading 212 logoTrading 212
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 93 79
Range of Investments 4/5 Stars 5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or Trading 212?

OANDA allows users to purchase actual (delivered) cryptocurrency and offers cryptocurrency derivatives, whereas Trading 212 does not support buying delivered cryptocurrency but provides the option for purchasing cryptocurrency derivatives.

What funding options does each broker offer?

Both OANDA and Trading 212 offer multiple options for depositing or withdrawing account funds, including ACH or SEPA transfers, PayPal, and Visa or Mastercard, with OANDA additionally supporting Skrill, while both brokers also provide the option of bank wires.




announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Compare

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Overall Rating OANDA Trading 212
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 93 79
Winner check_circle
Review OANDA Review Trading 212 Review
Broker Screenshots OANDA Trading 212
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation OANDA Trading 212
Trust Score info 93 79
Year Founded info 1996 2004
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) OANDA Trading 212
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) OANDA Trading 212
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments OANDA Trading 212
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 3928 info 8025
Forex Pairs (Total) info 68 146
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes info No
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost OANDA Trading 212
Average Spread EUR/USD - Standard info 1.61 info 1.9 info
All-in Cost EUR/USD - Active info 1.61 info 1.9 info
Active Trader or VIP Discounts info Yes info No
Inactivity Fee info Yes No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding OANDA Trading 212
Minimum Deposit info $0 €10
PayPal (Deposit/Withdraw) info Yes info Yes
Skrill (Deposit/Withdraw) info Yes info No
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes info Yes
Trading Platforms OANDA Trading 212
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes info No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools OANDA Trading 212
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 6 5
Charting - Indicators / Studies (Total) info 81 54
Charting - Drawing Tools (Total) info 431 20
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA Trading 212
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 104
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research OANDA Trading 212
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education OANDA Trading 212
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs OANDA Trading 212
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review OANDA Review Trading 212 Review
Overall OANDA Trading 212
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 93 79
Winner check_circle
Review OANDA Review Trading 212 Review
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