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, 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
|
Trading 212
|
|---|---|---|
| Year Founded | 1996 | 2004 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
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
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $0 | €10 |
| Average Spread EUR/USD - Standard | 1.61 | 1.9 |
| All-in Cost EUR/USD - Active | 1.61 | 1.9 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 8025 |
| Forex Pairs (Total) | 68 | 146 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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.
When comparing OANDA and Trading 212, both brokers provide a free virtual demo account that lets traders practice without risk. Each broker has developed their own in-house trading platform, with OANDA offering the flexibility of a Windows-based desktop download, which Trading 212 does not. Both platforms, however, have web-based browser options, allowing users to trade from any device with internet access. Notably, OANDA stands out by supporting popular platforms MetaTrader 4 and MetaTrader 5, giving traders a wide range of tools and customizability. While Trading 212 lacks these options, it still offers a user-friendly experience on its proprietary platform, although without the option for copy trading, unlike OANDA.
Charting tools are a crucial aspect of any trading platform. Here, OANDA provides a more extensive selection with 431 drawing tools compared to Trading 212’s 20, giving traders a broader set of options for technical analysis. Both platforms allow trading directly from stock charts, enhancing convenience for users. In terms of organizing market data, OANDA offers watch lists with up to 6 fields, while Trading 212 provides 5 columns. Despite these differences, both brokers receive a solid 4-star rating for their trading platforms and tools, with OANDA ranking slightly higher at #15 compared to Trading 212's #20 in ForexBrokers.com’s industry review.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 54 |
| Charting - Drawing Tools (Total) | 431 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
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
|
Trading 212
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 104 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
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
|
Trading 212
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
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
|
Trading 212
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
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
|
Trading 212
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 79 |
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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.
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.
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 | 79 | |
| 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 | 79 | |
| 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 | 2 | |
| 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 (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | Trading 212 | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 8025 | |
| Forex Pairs (Total) | 68 | 146 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | 1.61 | 1.9 | |
| All-in Cost EUR/USD - Active | 1.61 | 1.9 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Trading 212 | |
|---|---|---|---|
| Minimum Deposit | $0 | €10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | OANDA | Trading 212 | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | Trading 212 | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 5 | |
| Charting - Indicators / Studies (Total) | 81 | 54 | |
| Charting - Drawing Tools (Total) | 431 | 20 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 104 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | Trading 212 | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Trading 212 | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | Trading 212 | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | OANDA Review | Trading 212 Review |
| Overall | OANDA | Trading 212 | |
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| Trust Score | 93 | 79 | |
| Winner | check_circle | ||
| Review | OANDA Review | Trading 212 Review |
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