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OANDA vs Plus500 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of OANDA vs Plus500, 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): 4172 info
Plus500
4.5/5 Stars Overall
  • Minimum Deposit: €50 info
  • Trust Score: 99
  • Tradeable Symbols (Total): 5500 info

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

When comparing online trading platforms OANDA and Plus500, it's clear that both companies offer strong regulatory frameworks, but with some distinctions. Founded in 1996, OANDA is a well-established entity but is not publicly traded. It holds seven Tier-1 licenses and has a ForexBrokers.com Trust Score of 93, signifying a high level of trust. On the other hand, Plus500 entered the market in 2008, is publicly traded, and possesses six Tier-1 licenses alongside three Tier-2 licenses, earning it an impressive Trust Score of 99 from ForexBrokers.com, indicating one of the highest levels of trust according to their standards.

Neither OANDA nor Plus500 operates as a bank, but both have built reputations as reliable brokers. OANDA's regulatory structure is limited to Tier-1 licenses, while Plus500 extends beyond Tier-1, incorporating a handful of Tier-2 licenses as well. This expanded regulatory coverage contributes to Plus500's slightly higher trust rating. While both brokers are generally viewed as safe and reputable options for trading, Plus500's status as a publicly listed company might give it added credibility in the eyes of some investors.

Feature OANDA logoOANDA
Plus500 logoPlus500
Year Founded info 1996 2008
Publicly Traded (Listed) info No Yes
Bank info No No
Tier-1 Licenses info 7 6
Tier-2 Licenses info 0 3
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

OANDA and Plus500 both earn 4/5 stars for commissions and fees. By ForexBrokers.com’s rankings, OANDA is #30 of 63 while Plus500 is #24 of 63. In practice, both sit above the lowest-cost brokers: Plus500’s EUR/USD spread averaged 1.5 pips in April 2024, and OANDA’s standard (non-core) pricing averaged 1.61 pips on EUR/USD in July 2024. If you qualify for OANDA’s Core pricing, the all-in cost on EUR/USD can drop to about 1.4 pips (0.4-pip spread plus ~1.0 pip in commission-equivalent), which edges under its default pricing.

OANDA isn’t a discount broker and its effective spreads can be high, but it offers automated execution across accounts and spreads that are comparable to FOREX.com and FxPro. Core pricing adds a per-side commission of $5 per $100,000 traded (about $10 per round turn) and requires a $10,000 minimum deposit. OANDA also stands out for very small trade sizes (down to 1 unit, or 0.001 micro lot) and an Elite Trader program in select regions with volume-based rebates of $5–$17 per million, plus potential TradingView subscription reimbursements. For transparency, OANDA publishes trailing average spreads, though it doesn’t provide a fixed-period average, which can make exact comparisons harder.

Plus500’s pricing is slightly above the industry average and lags the best brokers for active trader pricing. It doesn’t offer retail discounts, though cash rebates may be available if you qualify as a Professional client. Bottom line: Plus500’s typical spread on EUR/USD (1.5 pips) is close to OANDA’s standard 1.61 pips, while OANDA’s Core pricing can be cheaper if you meet the deposit requirement. Ratings: OANDA 4/5 stars (ranked #30/63); Plus500 4/5 stars (ranked #24/63).

Feature OANDA logoOANDA
Plus500 logoPlus500
Minimum Deposit info $0 €50 info
Average spread (EUR/USD) - Standard account info 1.68 info 1.3 info
All-in Cost EUR/USD - Active info 1.69 info 1.3 info
Non-wire bank transfer info Yes info No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing OANDA vs Plus500 for range of investments, Plus500 lists more total instruments (about 5,500) than OANDA (4,172). That said, OANDA offers slightly more forex pairs (69 vs 65). Both brokers let you trade forex as CFDs or spot, and both allow buying real, exchange-traded shares on U.S. and international markets.

Key differences show up in crypto and social features: OANDA lets you buy actual cryptocurrencies as well as crypto CFDs and supports copy trading, while Plus500 offers crypto only via CFDs and does not offer copy trading. For Range of Investments, Plus500 is rated 4.5 stars and ranks #17 out of 63 brokers, while OANDA earns 4 stars and ranks #20. Choose Plus500 for the widest overall symbol list, or OANDA if you want more forex pairs, copy trading, or access to real crypto.

Feature OANDA logoOANDA
Plus500 logoPlus500
Forex Trading (Spot or CFDs) info Yes info Yes info
Tradeable Symbols (Total) info 4172 info 5500 info
Forex Pairs (Total) info 69 65
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes info No
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info Yes info
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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account.

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

OANDA and Plus500 both provide free demo accounts and their own in-house trading platforms, along with easy-to-use web platforms. A key difference is access: OANDA also offers a Windows desktop app and supports MetaTrader 4 and MetaTrader 5, while Plus500 does not provide a desktop download or MetaTrader support.

For tools, OANDA lets you place trades directly from charts and supports copy trading; Plus500 does not offer these features. According to ForexBrokers.com, OANDA earns 4 out of 5 stars and ranks #16 for Trading Platforms and Tools, while Plus500 scores 4.5 out of 5 stars and ranks #14.

Feature OANDA logoOANDA
Plus500 logoPlus500
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info Yes info No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes info No
Charting - Indicators / Studies (Total) info 89 115
Charting - Trade From Chart info Yes No

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

Forex trading apps

Both OANDA and Plus500 offer mobile trading apps for iPhone and Android, and each supports price alerts to help you track markets on the go. A key difference is watchlist syncing: Plus500 syncs your watchlist between the mobile app and your online account, while OANDA does not.

For charting, Plus500 includes 115 technical studies compared with 30 on OANDA. Both apps let you draw trendlines, but only OANDA auto-saves your drawings. In independent ratings from ForexBrokers.com, OANDA’s mobile app earns 5 stars and ranks 7th out of 63 brokers, while Plus500’s app scores 4.5 stars and ranks 14th.

Feature OANDA logoOANDA
Plus500 logoPlus500
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 115
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

OANDA vs Plus500: Both brokers cover the basics for market research with daily market commentary, a sentiment tool showing long and short positioning, and an economic calendar for upcoming events. The key differences are in extras. OANDA streams forex news from top-tier sources like Bloomberg or Reuters and includes Autochartist for technical ideas, while Plus500 does not. In contrast, Plus500 offers Trading Central tools, which OANDA lacks. Neither broker integrates TipRanks or Acuity Trading.

Independent ratings back up these distinctions. OANDA earns 5 stars for Research and ranks #4 out of 63 brokers at ForexBrokers.com. Plus500 holds a 4.0-star Research rating and ranks #17. If you want integrated premium news and Autochartist, OANDA is the stronger pick. If Trading Central is your priority, Plus500 edges ahead.

Feature OANDA logoOANDA
Plus500 logoPlus500
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central info No Yes
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing OANDA vs Plus500 for beginner education: both brokers deliver a sizable library of forex and CFD learning materials, easily clearing the bar of at least 10 educational pieces. Each runs online client webinars at least once a month and offers plentiful videos for every stage—at least 10 aimed at beginners and at least 10 for more experienced traders. If you’re just getting started, either platform can help you learn the basics and grow your skills with structured, on-demand content and regular live sessions.

Where they differ is in overall quality scores. OANDA earns a 5-star education rating and ranks #18 out of 63 brokers in the Education category at ForexBrokers.com, while Plus500 holds a 4.0-star rating and ranks #26. For learners who value the strongest educational track, OANDA has a slight edge, though Plus500 still provides a solid, beginner-friendly path to understanding forex and CFDs.

Feature OANDA logoOANDA
Plus500 logoPlus500
Webinars info Yes Yes info
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than Plus500. OANDA finished with an overall rank of #13, while Plus500 finished with an overall rank of #14.

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
Plus500 logoPlus500
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 93 99
Range of Investments 4/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.0/5 Stars
Trading Platforms 4/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.0/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Education 4/5 Stars 4.0/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or Plus500?

In the OANDA vs Plus500 comparison, OANDA lets you buy real, delivered cryptocurrencies and trade cryptocurrency CFDs, while Plus500 supports only cryptocurrency CFDs and does not offer the ability to purchase actual crypto.

What funding options does each broker offer?

OANDA vs Plus500: OANDA supports ACH/SEPA deposits and withdrawals while Plus500 does not; both brokers offer PayPal, Skrill, and bank wire options, and Visa/Mastercard availability is not specified for either.

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Overall Rating OANDA Plus500
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.0/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.0/5 Stars
Education 4/5 Stars 4.0/5 Stars
Trust Score info 93 99
Winner check_circle
Review OANDA Review Plus500 Review
Broker Screenshots OANDA Plus500
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
Plus500 mobile app charts. Plus500 trading platform EURUSD Plus500 web platform market news analysis articles. Plus500 webinars with Corellian Academy YouTube video playlist
Regulation OANDA Plus500
Trust Score info 93 99
Year Founded info 1996 2008
Publicly Traded (Listed) info No Yes
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 6
Tier-2 Licenses info 0 3
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) OANDA Plus500
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info Yes Yes
Singapore (MAS Authorised) info Yes Yes
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) OANDA Plus500
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No Yes
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or SCA Authorised) info No Yes info
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA Plus500
Forex Trading (Spot or CFDs) info Yes info Yes info
Tradeable Symbols (Total) info 4172 info 5500 info
Forex Pairs (Total) info 69 65
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes info No
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info Yes info
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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account.
Cost OANDA Plus500
Average spread (EUR/USD) - Standard account info 1.68 info 1.3 info
All-in Cost EUR/USD - Active info 1.69 info 1.3 info
Inactivity Fee info Yes Yes
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding OANDA Plus500
Minimum Deposit info $0 €50 info
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes info No
Trading Platforms OANDA Plus500
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info Yes info No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes info No
cTrader info No No
Trading Tools OANDA Plus500
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 89 115
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading OANDA Plus500
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 115
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes Yes
Research OANDA Plus500
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central info No Yes
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education OANDA Plus500
Webinars info Yes Yes info
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs OANDA Plus500
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes info
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review OANDA Review Plus500 Review
Overall OANDA Plus500
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.0/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.0/5 Stars
Education 4/5 Stars 4.0/5 Stars
Trust Score info 93 99
Winner check_circle
Review OANDA Review Plus500 Review
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