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 vs. Trading 212: OANDA was founded in 1996, while Trading 212 started in 2004. Neither broker is publicly traded or a bank. Based on ForexBrokers.com’s Trust Score (out of 99), OANDA scores 92—placing it in the “highly trusted” 90–99 range—while Trading 212 scores 82, which falls into the “trusted” 80–89 range.
On regulation, OANDA holds 7 Tier-1 licenses (considered highly trusted by ForexBrokers.com) and 0 Tier-2 licenses. Trading 212 holds 3 Tier-1 licenses and 0 Tier-2 licenses. In plain terms, both are overseen by top-tier regulators, with OANDA authorized across more top-tier jurisdictions.
| 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 |
When comparing commissions and fees, OANDA and Trading 212 both earn 4 out of 5 stars, but neither is especially cheap for forex and CFD trading. OANDA is ranked #32 out of 36 brokers for Commissions and Fees by ForexBrokers.com, while Trading 212 is ranked #29 out of 36. In simple terms, Trading 212 has the edge on ranking, but both brokers sit below the top names in this category.
OANDA’s trading costs are usually driven by spreads, which can be on the high side. For example, its average non-core EUR/USD spread was 1.61 pips in July 2024. OANDA also offers core pricing with lower spreads plus commission, but this requires a $10,000 minimum deposit and the final cost is only slightly better than its regular pricing. One plus is that OANDA allows very small trade sizes, down to 1 unit, and active traders may qualify for rebates through its Elite Trader program.
Trading 212 advertises zero-commission trading, but that does not mean cost-free trading, since spreads still apply on CFDs and forex. Its average EUR/USD spread was 2.7 pips in April 2025, which is higher than the industry average and higher than OANDA’s example above. Trading 212 has improved transparency by publishing average spread data, but for traders focused on low fees, both brokers are still more expensive than the best low-cost alternatives.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $0 | €1 |
| Average spread (EUR/USD) - Spread-only account | 1.68 | 2.7 |
| All-in Cost EUR/USD - Raw spread account | 1.69 | 2.7 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing OANDA and Trading 212 for range of investments, both brokers give you access to forex trading, U.S. exchange-traded shares, international stocks, and both real crypto and crypto CFDs. The key difference is that Trading 212 offers a much larger selection overall, with about 13,000 tradeable symbols and 180 forex pairs, compared with OANDA’s 4,172 symbols and 69 forex pairs. That means Trading 212 may suit traders who want a wider choice of markets and instruments, while OANDA still covers the main areas most investors look for.
OANDA does have one advantage: it offers copy trading, while Trading 212 does not. Still, Trading 212 comes out ahead on range of investments ratings, earning 5 out of 5 stars versus OANDA’s 4.5, and it ranks higher with ForexBrokers.com at #14 out of 36 brokers compared with OANDA’s #20. In simple terms, Trading 212 offers the broader menu of investments, but OANDA may appeal if copy trading matters to you.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 13000 |
| Forex Pairs (Total) | 69 | 180 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | Yes |
| 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 and Trading 212 both give traders a free demo account, so you can practice without risking real money. Each broker also offers a web-based trading platform and the ability to trade directly from charts. Both are rated 4 out of 5 stars for trading platforms and tools, but OANDA places higher in the ForexBrokers.com ranking for this category, coming in at #16 out of 36 brokers compared with Trading 212 at #19.
Where OANDA stands out is in its wider range of platform choices and tools. It offers its own proprietary platform, a Windows desktop download, copy trading, and support for both MetaTrader 4 and MetaTrader 5. Trading 212 does not offer a desktop platform, a proprietary platform, copy trading, MT4, or MT5, so it is the simpler option in this area. For traders who want more platform flexibility and extra features, OANDA has the edge, while Trading 212 focuses on a more streamlined setup.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| 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 | 102 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Trading 212 both offer iPhone and Android apps, along with price alerts for stocks or forex, trendline drawing, and automatic saving of chart drawings. Where they differ most is watchlist syncing and chart tools. Trading 212 lets you sync watchlists between its mobile app and online account, which makes it easier to keep changes updated across devices, while OANDA does not. Trading 212 also gives mobile users access to 104 technical studies, compared with 30 on OANDA, so it may appeal more to active chart users looking for a wider set of indicators.
In terms of mobile trading app quality, OANDA comes out ahead. It is rated 5 stars for Mobile Trading Apps and is ranked #7 out of 36 brokers by ForexBrokers.com in this category. Trading 212 is rated 4 stars and ranks #17 out of 36. If you want stronger mobile charting depth and watchlist syncing, Trading 212 has the edge, but if overall mobile app ratings matter most, OANDA is the better pick.
| 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.
When comparing OANDA vs Trading 212 for market research, OANDA has the edge overall. OANDA offers daily market commentary, news from top-tier sources like Bloomberg and Reuters, Autochartist tools, sentiment data showing long and short positions, and an economic calendar with global events. Trading 212 also provides news from major sources, sentiment data, and an economic calendar, but it does not offer daily market commentary or Autochartist tools, which gives OANDA a broader set of research features for traders who want more guidance and market insight.
This difference is reflected in third-party ratings and rankings as well. OANDA earns 5 stars for Research and is ranked #4 out of 36 brokers by ForexBrokers.com, while Trading 212 is rated 3.5 stars and ranked #31. For traders focused on market research, OANDA is the stronger choice, while Trading 212 still covers the basics well, especially with news, sentiment, and an economic 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.
For beginners looking for trading education, OANDA and Trading 212 both give access to a solid range of learning material, including at least 10 beginner videos and at least 10 advanced videos. Both brokers also offer forex or CFDs education with 10 or more learning pieces focused on those markets. That said, OANDA has the edge for hands-on learning because it also offers online client webinars at least once a month, while Trading 212 does not.
Overall, OANDA stands out as the stronger choice for education, earning 5 stars and ranking #18 out of 36 brokers for the Education category on ForexBrokers.com. Trading 212 still provides useful beginner content, but its education score is lower at 3.5 stars, and it ranks #23 out of 36. If you want more regular learning support and a broader educational experience, OANDA is the better pick.
| 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 #14, 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
|
Trading 212
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 82 |
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OANDA vs Trading 212 comparison: both brokers let you buy actual delivered cryptocurrency and also trade cryptocurrency CFDs, offering comprehensive crypto access on each platform.
When comparing OANDA vs Trading 212 for funding methods, OANDA offers ACH/SEPA transfers, PayPal, Skrill, and bank wires, while Trading 212 supports bank wires but does not offer PayPal or Skrill, making OANDA the more flexible choice for deposits and withdrawals.
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 | 92 | 82 | |
| Winner | check_circle | ||
| Review | OANDA Review | Trading 212 Review |
| Broker Screenshots | OANDA | Trading 212 | |
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| Regulation | OANDA | Trading 212 | |
|---|---|---|---|
| Trust Score | 92 | 82 | |
| 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 CMA 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 | 13000 | |
| Forex Pairs (Total) | 69 | 180 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | Yes | |
| 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) - Spread-only account | 1.68 | 2.7 | |
| All-in Cost EUR/USD - Raw spread account | 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 | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes |
| Trading Platforms | OANDA | Trading 212 | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| 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 | 102 | |
| 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 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | OANDA Review | Trading 212 Review |
| Overall | OANDA | Trading 212 | |
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| Trust Score | 92 | 82 | |
| Winner | check_circle | ||
| Review | OANDA Review | Trading 212 Review |
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