Written by ForexBrokers.com
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.
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.
OANDA and Trading 212 are both reputable online brokers, with OANDA dating back to 1996 and Trading 212 being founded in 2004. Neither company is publicly traded or functions as a bank. In terms of regulatory safety, OANDA stands out with 7 Tier-1 licenses, considered the most reliable by ForexBrokers.com, while Trading 212 has 3 Tier-1 licenses. Both brokers do not hold any Tier-2 licenses.
Trust scores further accentuate their regulatory standings: OANDA has an impressive Trust Score of 93, putting it in the highly trusted category, while Trading 212 holds a Trust Score of 80, marking it as a trusted broker. For those prioritizing security in online brokerage, OANDA's higher number of Tier-1 licenses and superior Trust Score make it a particularly appealing choice.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Year Founded | 1996 | 2004 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
OANDA and Trading 212 both earn 4 out of 5 stars for commissions and fees, but they differ in how costs show up. OANDA ranks #30 of 63, while Trading 212 ranks #27. OANDA isn’t a discount broker, yet its core pricing can beat its default pricing and, in some cases, undercut Trading 212 on major forex pairs. By contrast, Trading 212 advertises zero commission on CFDs and forex, but your cost is the spread. In April 2025, Trading 212’s average EUR/USD spread was 2.7 pips, which is higher than the industry average.
At OANDA, average non-core pricing on EUR/USD was 1.61 pips (July 2024). Its core pricing lowers the spread but adds a commission of $5 per side per $100,000 traded (about $10 per round turn). Using the example provided, a 0.4‑pip core spread plus a 1‑pip commission equivalent results in a 1.4‑pip all‑in cost—slightly cheaper than OANDA’s 1.6‑pip default. Core pricing requires a $10,000 minimum deposit. OANDA also allows very small trade sizes (down to 1 unit) and offers volume rebates of $5–$17 per million for active traders. It publishes trailing average spreads for added transparency, though not fixed‑period averages.
Trading 212 offers Invest and CFD accounts (minimum deposits: €1 for Invest, €10 for CFD). While it promotes zero commission, the spread is the main cost, and its published average spread for EUR/USD (2.7 pips in April 2025) is higher than many competitors. Bottom line: if you can meet OANDA’s core-pricing requirements, its all‑in costs on major forex pairs may be lower than Trading 212’s. If you prefer a small minimum deposit and a simple, commission‑free structure, Trading 212 is convenient—but expect wider spreads. OANDA commissions and fees: 4 stars, rank #30/63. Trading 212 commissions and fees: 4 stars, rank #27/63.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $0 | €1 |
| Average spread (EUR/USD) - Standard account | 1.68 | 2.7 |
| All-in Cost EUR/USD - Active | 1.69 | 2.7 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA vs Trading 212: both let you trade forex as either CFDs or spot contracts and both provide exchange-traded stocks on U.S. and international exchanges. Trading 212 offers a larger catalog overall with 7,868 tradeable symbols and 146 forex pairs, while OANDA lists 4,172 symbols and 69 forex pairs. In independent ratings for Range of Investments, Trading 212 scores 5 out of 5 stars and ranks 15th out of 63 brokers; OANDA earns 4 out of 5 stars and ranks 20th.
Feature-wise, OANDA supports copy trading and gives access to both actual cryptocurrency purchases and crypto CFDs. Trading 212 does not offer copy trading and supports crypto only via CFDs, not delivered coins. If your priority is the widest selection of markets and currency pairs, Trading 212 has the edge. If you want copy trading or the ability to buy real crypto alongside crypto CFDs, OANDA may fit better.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 7868 |
| Forex Pairs (Total) | 69 | 146 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | 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.
OANDA vs Trading 212: both brokers offer free paper trading with a demo account, proprietary platforms, and user-friendly web platforms. OANDA adds a Windows desktop platform, while Trading 212 is browser-based. If you rely on MetaTrader, note that OANDA supports MT4 and MT5, and Trading 212 does not. OANDA also supports copy trading, which isn’t available on Trading 212. Both let you place orders directly from charts, helping streamline trade execution.
For Trading Platforms and Tools, each broker earns 4 out of 5 stars. However, in ForexBrokers.com’s rankings out of 63 brokers, OANDA places #16 and Trading 212 places #19. Choose OANDA if you want MetaTrader, copy trading, or a Windows desktop download; choose Trading 212 if a clean, web-based proprietary platform covers your needs.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 89 | 54 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing OANDA vs Trading 212 for mobile trading apps: both offer iPhone and Android apps, support price alerts, let you draw trendlines, and auto-save your chart drawings. The biggest difference is watchlists—Trading 212 syncs watchlist symbols between mobile and web, while OANDA does not. For charting indicators, OANDA includes 30 technical studies, whereas Trading 212 offers a larger set with 104.
When it comes to accolades, OANDA is rated 5 out of 5 stars for Mobile Trading Apps and ranks #7 out of 63 brokers at ForexBrokers.com. Trading 212 earns 4 out of 5 stars and ranks #17 out of 63. Choose OANDA if you want a top-rated mobile experience; pick Trading 212 if you prioritize a bigger indicator library and watchlist syncing across devices.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 104 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research at OANDA versus Trading 212, OANDA clearly offers more. OANDA provides daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or Dow Jones), Autochartist-powered technical tools, a sentiment indicator showing long/short positioning, and an economic calendar. Trading 212 matches OANDA on forex news, sentiment data, and an economic calendar, but it does not publish daily market commentary and does not include Autochartist. Neither broker offers Trading Central, TipRanks, or Acuity Trading tools.
These differences show up in independent ratings: OANDA earns 5 stars for Research and ranks #4 out of 63 brokers on ForexBrokers.com, while Trading 212 scores 3.5 stars and ranks #32. If research features are a priority—especially daily commentary and Autochartist—OANDA is the stronger choice, while Trading 212 covers the basics with news, sentiment, and a calendar.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing OANDA and Trading 212 for beginner education: both brokers offer sizable video libraries, including at least 10 beginner-friendly lessons and at least 10 advanced videos to help you grow from the basics to more complex trading topics. A key difference is live learning. OANDA hosts client webinars at least once a month, giving you a chance to interact and ask questions in real time, while Trading 212 does not offer monthly educational webinars.
Independent reviews reflect this gap. OANDA earns 5 stars for Education and ranks #18 out of 63 brokers on ForexBrokers.com, whereas Trading 212 scores 3.5 stars and ranks #20. If you prefer live sessions alongside on-demand videos as you learn trading (including forex and CFDs), OANDA has the edge; if you’re content with self-paced video lessons only, Trading 212 still covers the essentials.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 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 #13, while Trading 212 finished with an overall rank of #25.
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
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Trading 212
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 80 |
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Compared with Trading 212, OANDA allows investors to buy actual delivered cryptocurrencies and trade crypto CFDs, whereas Trading 212 offers cryptocurrency CFDs only and does not support purchasing real coins.
OANDA vs Trading 212: both online brokers support ACH/SEPA, PayPal, and bank wire deposits and withdrawals, only OANDA supports Skrill, and Visa/Mastercard availability is not specified for either.
Please 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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0 of 5| Overall Rating | OANDA | Trading 212 | |
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| Trust Score | 93 | 80 | |
| Winner | check_circle | ||
| Review | OANDA Review | Trading 212 Review |
| Broker Screenshots | OANDA | Trading 212 | |
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| Regulation | OANDA | Trading 212 | |
|---|---|---|---|
| Trust Score | 93 | 80 | |
| Year Founded | 1996 | 2004 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Trading 212 | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | Trading 212 | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | Trading 212 | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 7868 | |
| Forex Pairs (Total) | 69 | 146 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | 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 account | 1.68 | 2.7 | |
| All-in Cost EUR/USD - Active | 1.69 | 2.7 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Trading 212 | |
|---|---|---|---|
| Minimum Deposit | $0 | €1 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | OANDA | Trading 212 | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | OANDA | Trading 212 | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 54 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Trading 212 | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 104 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | Trading 212 | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Trading 212 | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | OANDA | Trading 212 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review | Trading 212 Review |
| Overall | OANDA | Trading 212 | |
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| Trust Score | 93 | 80 | |
| Winner | check_circle | ||
| Review | OANDA Review | Trading 212 Review |
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