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 OANDA vs. Trading 212 for commissions and fees, both brokers earn 4 out of 5 stars, but they take different approaches to pricing. OANDA ranks #30 out of 36 for commissions and fees, while Trading 212 ranks #27 out of 36. In plain terms, Trading 212 edges ahead in the ranking, but neither broker is among the cheapest choices overall.
OANDA tends to have higher trading costs, especially on forex, with an average EUR/USD spread of 1.61 pips on its standard pricing in July 2024. It also offers a core pricing model with lower spreads plus a commission of $5 per $100,000 traded per side, which works out to about $10 per round turn for a standard lot, and requires a $10,000 minimum deposit. OANDA does stand out for very small trade sizes, allowing trading from just 1 unit, and active traders may qualify for rebates through its Elite Trader program.
Trading 212 advertises zero commission, but CFD and forex traders still pay through the spread. Its published average EUR/USD spread was 2.7 pips in April 2025, which is relatively high and can make trading more expensive than it first appears. Trading 212 is transparent about average spreads, but for traders focused on low costs, both brokers may feel pricier than the best options in the market.
| 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 | 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 traders access to forex as CFDs or spot contracts, plus exchange traded shares on both U.S. and international markets. They also let clients buy actual cryptocurrency and trade crypto CFDs. One key difference is copy trading: OANDA offers it, while Trading 212 does not. For traders who want a wider list of markets and instruments, Trading 212 stands out with about 13,000 tradeable symbols and 180 forex pairs, compared with OANDA’s 4,172 symbols and 69 forex pairs.
In overall range of investments, Trading 212 has the edge on paper, earning 5 out of 5 stars and ranking #15 out of 36 brokers with ForexBrokers.com. OANDA is also strong, with a 4.5-star rating and a #20 ranking. In short, both brokers cover the main bases well, but Trading 212 offers a larger selection, while OANDA may appeal to traders who want copy trading alongside a broad mix of asset types.
| 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 it comes to market research, OANDA has a clear edge over Trading 212. OANDA offers daily market commentary, news from top sources like Bloomberg and Reuters, Autochartist tools, a sentiment indicator, and an economic calendar, giving traders more ways to follow the markets and spot possible opportunities. Trading 212 also provides top-tier forex news, a sentiment tool, and an economic calendar, but it does not offer daily market commentary or Autochartist, which leaves its research offering a bit lighter overall.
This difference shows up in expert ratings and rankings as well. OANDA is rated 5 stars for research and ranks #4 out of 36 brokers in the ForexBrokers.com research category, while Trading 212 is rated 3.5 stars and ranks #32. For traders who want stronger market research tools and more frequent market updates, OANDA is the better choice between the two.
| 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 to learn forex or CFDs, OANDA and Trading 212 both offer a good range of educational content, including at least 10 beginner videos and at least 10 advanced videos for more experienced traders. That said, OANDA stands out for extra learning support, including monthly client webinars and a full set of forex or CFDs education materials that meet the minimum 10-piece standard. Trading 212 also provides useful learning content, but it does not offer monthly educational webinars.
When comparing overall education quality, OANDA has the edge with a 5-star Education rating and a ForexBrokers.com rank of #18 out of 36 brokers, while Trading 212 holds a 3.5-star Education rating and ranks #20. If you want more ways to learn as a beginner, OANDA appears to give traders a slightly stronger educational experience.
| 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
|
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 vs Trading 212: both brokers support ACH/SEPA and bank wire transfers for deposits and withdrawals, while only OANDA additionally accepts PayPal and Skrill, offering broader payment method flexibility.
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) - 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 | No | |
| 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 | 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 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 | 92 | 82 | |
| Winner | check_circle | ||
| Review | OANDA Review | Trading 212 Review |
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