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 |
When comparing OANDA and Trading 212 in terms of commissions and fees, each broker offers distinct advantages and challenges for traders. OANDA is recognized for its automated execution and transparency in pricing but is not considered a discount broker due to its relatively high forex trading costs. Standard bid/ask spreads at OANDA are comparable to those at brokers like FOREX.com and FxPro, though they may be slightly higher. Through its core pricing, OANDA offers reduced spreads with a commission of $5 per $100,000 traded, leading to a total cost that's slightly more competitive than its default pricing. Additionally, OANDA allows trading in micro units as small as 1 unit or 0.001 micro lot, providing flexibility for traders.
On the other hand, Trading 212 offers a structure that includes two main accounts: Invest and CFD, with a focus here on its CFD account. Trading 212 promotes zero-commission trading, but traders still incur costs through spreads. As of April 2025, Trading 212's average spread for the EUR/USD pair was 2.7 pips, which is significantly above the industry average, placing it at a disadvantage against top brokers in this space. However, its low minimum deposit requirement, only 10 euros for the CFD account, can be appealing for entry-level traders.
Both brokers receive a four-star rating for their commissions and fees. OANDA is ranked 34th out of 63 brokers by ForexBrokers.com, slightly ahead of Trading 212, which holds a 49th place. These rankings reflect the nuanced differences in cost structures and opportunities each broker provides to its clients.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $0 | €1 |
| Average Spread EUR/USD - Standard | 1.61 | 2.7 |
| All-in Cost EUR/USD - Active | 1.61 | 2.7 |
| 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.
OANDA and Trading 212 offer a variety of investment options suitable for different types of traders. While both platforms provide the ability to trade forex as either a CFD or spot contract, Trading 212 boasts a larger selection with 7,868 tradeable symbols compared to OANDA's 3,928. When it comes to forex pairs, Trading 212 again provides more options with 146 compared to OANDA's 68. Traders keen on equities might find Trading 212 more appealing as it offers direct investment in exchange-traded securities on both U.S. and international exchanges, whereas OANDA does not present these options.
Cryptocurrency enthusiasts might prefer OANDA as it allows the purchase of actual cryptocurrencies, something Trading 212 does not offer. Both platforms do, however, provide the opportunity to trade cryptocurrency derivatives. For those interested in copying successful trading strategies, OANDA offers copy trading, unlike Trading 212. With a rating of 4 stars, OANDA ranks 27th for its range of investments according to ForexBrokers.com, while Trading 212 is rated 5 stars and ranks 15th, reflecting its broader selection for investors and traders alike.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 7868 |
| 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 the trading platforms and tools offered by OANDA and Trading 212, both brokers provide their own proprietary platforms along with free virtual demo accounts for users to experience simulated trading. OANDA distinguishes itself by offering a Windows-based desktop download platform, while Trading 212 is limited to a web-based platform. Both brokers support trading directly from charts, but OANDA users have access to more drawing tools, offering 431 compared to Trading 212's 20. OANDA also provides access to well-known platforms like MetaTrader 4 and MetaTrader 5, which are not available through Trading 212. However, neither broker offers third-party services like DupliTrade or ZuluTrade.
For those keeping a keen eye on their investments, OANDA allows users to customize their watch lists with six columns compared to Trading 212's five. Although both platforms have received a rating of four stars for their trading tools and platforms, OANDA's comprehensive offerings have earned it a higher ForexBrokers.com ranking, placing at 15 out of 63 brokers, whereas Trading 212 is ranked 20. The choice between the two will depend largely on whether a trader values an extensive array of tools and external platform support, as found with OANDA, or prefers Trading 212's straightforward web-based experience.
| 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.
When it comes to mobile trading apps, both OANDA and Trading 212 offer a range of features designed to cater to traders on the go. Each platform provides apps for iPhone and Android devices, ensuring a broad accessibility for users. Both brokers support stock and forex price alerts and allow traders to draw trendlines, view multiple time frames, and auto-save drawings directly within the app. Furthermore, users can create watchlists with real-time quotes on both apps. However, Trading 212 takes the lead with its ability to sync watchlist symbols with the desktop version, a feature not available with OANDA.
Charting capabilities also differ significantly between the two. Trading 212 offers a comprehensive 104 technical studies for charting, compared to OANDA's 30. Despite these differences, OANDA's mobile app has earned a higher rating of 5 stars for mobile trading, compared to Trading 212's 4 stars. In the Mobile Trading Apps category of ForexBrokers.com, OANDA secures the 7th position, while Trading 212 holds the 17th spot, reflecting the subtle contrasts in user experience and app functionality.
| 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 it comes to market research, OANDA offers an impressive range of resources to its users. OANDA provides daily market commentary and delivers forex news from major sources like Bloomberg and Reuters, ensuring traders stay updated with the latest financial developments. The platform also includes technical analysis tools from Autochartist, adding value for traders interested in detailed market insights. Furthermore, OANDA offers a sentiment-based trading tool, allowing users to view the ratio of long or short positions across different instruments. Coupled with an economic calendar to track global news events, these features contribute to OANDA receiving a top-tier research rating of 5 stars and a notable ranking of 5 out of 63 brokers by ForexBrokers.com.
In comparison, Trading 212 provides a more limited set of research tools. While it does offer forex news from leading sources, it lacks a daily market commentary feature. There are no Autochartist tools available, which might be a drawback for traders seeking extensive technical analysis. However, Trading 212 does include a sentiment-based trading tool and an economic calendar, which can be useful for assessing market trends and planning trades. Despite these offerings, Trading 212 is rated 3.5 stars for research and ranked 44 out of 63 brokers by ForexBrokers.com, indicating room for enhancement in the research tools ecosystem.
| 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 the educational resources available to beginners from OANDA and Trading 212, both online brokers provide a solid foundation for learning forex and CFDs. Each platform offers more than 10 educational pieces, including articles, videos, and archived webinars. This makes both brokers appealing choices for traders looking to expand their knowledge about these financial instruments. Additionally, each broker provides a comprehensive set of beginner and advanced educational videos, ensuring that both new and experienced traders have access to a wealth of information. Furthermore, both brokers offer an investor dictionary with definitions of over 50 investing terms, which can significantly aid in understanding trading concepts.
However, distinct differences exist when it comes to online educational webinars. OANDA holds a clear advantage, offering monthly online educational webinars as well as a searchable archive of previous sessions. Trading 212, while providing an archive, does not offer monthly webinars. These differences are reflected in user ratings and rankings, where OANDA garners a higher education rating of 5 stars compared to Trading 212’s 3.5 stars. Interestingly, despite OANDA's higher user rating, Trading 212 ranks slightly higher at #20 in the Education category, compared to OANDA at #22, according to ForexBrokers.com. For beginners focusing on live educational webinars, OANDA might offer a more engaging learning experience.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| 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 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 #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 | 80 |
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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 | 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 (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 | 7868 | |
| 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 | 2.7 | |
| All-in Cost EUR/USD - Active | 1.61 | 2.7 | |
| 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 | €1 | |
| 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 | No | |
| 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 | 80 | |
| Winner | check_circle | ||
| Review | OANDA Review | Trading 212 Review |
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