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 | N/A | 2.7 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA and Trading 212 both give investors access to forex trading, whether through CFDs or spot contracts, and both also let clients buy exchange-traded shares on U.S. and international exchanges. Each platform supports actual cryptocurrency purchases as well as cryptocurrency CFDs, so traders can choose between owning the asset or speculating on price moves. OANDA also offers copy trading, which Trading 212 does not.
When it comes to the number of markets available, Trading 212 has the wider range, with about 13,000 tradable symbols and 180 forex pairs, compared with OANDA’s 4,172 symbols and 68 forex pairs. That broader selection helps explain why Trading 212 scores higher for range of investments, with 5 out of 5 stars and a ForexBrokers.com ranking of 14th out of 36 brokers, while OANDA is rated 4.5 out of 5 stars and ranks 20th.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 13000 |
| Forex Pairs (Total) | 68 | 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) | 82 | 102 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Trading 212 both offer mobile trading apps for iPhone and Android, and each includes stock or forex price alerts, trendline drawing, and auto-saving for chart drawings. Where Trading 212 stands out is watchlist syncing, which lets changes made in the app stay linked with the client’s online account. OANDA does not offer this feature, so watchlists do not sync between mobile and web. For charting tools, OANDA includes 33 technical studies in its mobile app, while Trading 212 offers 104, giving Trading 212 a wider range of chart analysis options.
When it comes to overall mobile trading app ratings, OANDA comes out ahead with 5 out of 5 stars, compared with Trading 212’s 4 out of 5 stars. ForexBrokers.com also ranks OANDA higher in the mobile trading apps category, placing it #7 out of 36 brokers, while Trading 212 is ranked #17. If you want a broker with strong mobile app features and a higher expert rating, OANDA is a solid choice; if synced watchlists and more chart studies matter most, Trading 212 may be the better fit.
| 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 | 33 | 104 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, OANDA has a clear edge over Trading 212. OANDA offers daily market commentary, Autochartist tools, Acuity Trading research, sentiment data, and an economic calendar, giving traders more ways to track market moves and spot possible opportunities. Trading 212 also includes forex news from top sources, sentiment data, and an economic calendar, but it does not provide daily market commentary, Autochartist, or Acuity Trading tools.
Overall, OANDA is the stronger choice for research, with a 5-star rating and a #4 ranking out of 36 brokers for the Research category from ForexBrokers.com. Trading 212 earns 3.5 stars and ranks #31, which suggests it offers the basics most traders need, but fewer built-in research features than OANDA.
| 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 | Yes | 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.
OANDA offers ACH/SEPA transfers, Skrill, and bank wires for depositing or withdrawing funds, while Trading 212 supports bank wires but does not offer PayPal or Skrill, making OANDA the more flexible choice for payment methods.
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) | 68 | 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 | N/A | 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) | No | 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) | 82 | 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 | 33 | 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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