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 |
OANDA and Trading 212 both earn 4 out of 5 stars for commissions and fees, but they land in different places in ForexBrokers.com’s rankings: OANDA is #35 of 63, while Trading 212 is #50 of 63. Both brokers rely mainly on spreads as the cost to trade. Trading 212 advertises zero-commission trading, yet its average spreads can be higher; in April 2025, its EUR/USD average was 2.7 pips. By comparison, OANDA’s non-core average on EUR/USD in July 2024 was 1.61 pips, and its core pricing example can bring the all-in cost to about 1.4 pips—lower than Trading 212’s cited average.
OANDA isn’t a discount broker, but it offers two ways to pay. The default (commission-free) plan had an average EUR/USD spread of 1.61 pips in July 2024. Its core pricing cuts the spread but adds a $5 per side commission per $100,000 traded ($10 per round turn), requires a $10,000 minimum deposit, and can reduce the all-in cost (e.g., 0.4-pip spread + 1.0-pip commission equivalent ≈ 1.4 pips). OANDA also allows ultra-small trade sizes (down to 1 unit) and offers volume rebates of $5–$17 per million to eligible active traders. It publishes trailing average spreads for added transparency, though not fixed-period averages.
Trading 212 offers Invest and CFD accounts (minimum deposits: 1 euro for Invest, 10 euros for CFD). While commission-free, you still pay the spread when trading CFDs and forex. Trading 212 has begun sharing average spreads, and its April 2025 EUR/USD figure of 2.7 pips is higher than the industry average and above OANDA’s examples. Bottom line: both brokers score 4 stars, but if you’re spread-sensitive—especially on EUR/USD—OANDA’s core pricing can be the cheaper route, while Trading 212’s draw is its low entry deposit and simple, commission-free structure.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $0 | €1 |
| Average spread (EUR/USD) - Standard account | 1.69 | 2.7 |
| All-in Cost EUR/USD - Active | 1.69 | 2.7 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
In the OANDA vs Trading 212 matchup for range of investments, Trading 212 offers more overall choice, with 7,868 tradeable symbols and 146 forex pairs, compared to OANDA’s 4,172 symbols and 69 forex pairs. Both brokers support forex trading via CFDs and/or spot contracts, and both let you buy exchange‑traded securities on U.S. and international markets (think Apple on NASDAQ or Vodafone in London). Independent ratings reflect this breadth: Trading 212 earns 5 stars and ranks 16th out of 63 brokers for Range of Investments, while OANDA holds 4 stars and ranks 28th.
Feature-wise, OANDA stands out if you want copy trading and the ability to buy actual cryptocurrency, while Trading 212 does not support those two options. Both brokers, however, offer cryptocurrency trading via CFDs. In short, choose Trading 212 if you want the widest list of symbols and forex pairs, or pick OANDA if copy trading and direct crypto ownership matter more to you.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 7868 |
| Forex Pairs (Total) | 69 | 146 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| 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 make it easy to get started with a free demo (paper trading) account and provide proprietary, in-house trading platforms. Each broker offers a web-based platform and lets you place orders directly from charts. For trading platforms and tools, both earn 4 out of 5 stars, with OANDA ranked #15 out of 63 brokers by ForexBrokers.com and Trading 212 ranked #20.
The main differences are platform choice and extra features. OANDA offers a Windows desktop platform, supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and includes copy trading—handy if you want third-party or automated strategies. Trading 212 does not provide a Windows download, MT4/MT5, or copy trading, focusing instead on its proprietary web platform. If you need desktop and MetaTrader support, OANDA is the stronger fit; if you prefer a straightforward, browser-based setup, Trading 212 may suit you.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| 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 | 54 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing OANDA vs Trading 212 for mobile trading apps: both offer iPhone and Android apps, support price alerts, let you draw trendlines, and auto-save your chart drawings. The biggest difference is watchlists—Trading 212 syncs watchlist symbols between mobile and web, while OANDA does not. For charting indicators, OANDA includes 30 technical studies, whereas Trading 212 offers a larger set with 104.
When it comes to accolades, OANDA is rated 5 out of 5 stars for Mobile Trading Apps and ranks #7 out of 63 brokers at ForexBrokers.com. Trading 212 earns 4 out of 5 stars and ranks #17 out of 63. Choose OANDA if you want a top-rated mobile experience; pick Trading 212 if you prioritize a bigger indicator library and watchlist syncing across devices.
| 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.
Comparing market research, OANDA delivers more depth than Trading 212. OANDA provides daily market commentary and includes Autochartist-powered technical tools, while Trading 212 does not offer daily commentary or Autochartist. Both brokers stream forex news from top-tier sources (e.g., Bloomberg, Reuters, Dow Jones), offer a sentiment tool that shows the ratio of long vs. short positions, and include an economic calendar. Neither broker integrates Trading Central, TipRanks, or Acuity Trading tools.
Independent ratings reflect these differences: OANDA earns 5 stars for Research and ranks #4 out of 63 brokers at ForexBrokers.com, while Trading 212 earns 3.5 stars and ranks #45. If you want daily insights and Autochartist screenings on top of news, sentiment, and an economic calendar, OANDA is the stronger choice; if basic research features are enough, Trading 212 covers the essentials.
| 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 comparing OANDA vs Trading 212 on education, both brokers offer plenty of on‑demand lessons, including at least 10 beginner videos and at least 10 advanced videos to help you progress. OANDA stands out by running monthly client webinars, giving newcomers a chance to ask questions in real time, while Trading 212 does not offer monthly webinars. Reflecting this edge, OANDA is rated 5 stars for Education, compared with Trading 212’s 3.5 stars.
Independent rankings also lean toward OANDA: it places 19th out of 63 brokers for Education, ahead of Trading 212 at 21st. If live webinars and a clearer learning path matter to you as a beginner, OANDA is the stronger choice; if you prefer self-paced video lessons, both platforms provide accessible content to get started.
| 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 #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
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Trading 212
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 80 |
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Compared with Trading 212, OANDA allows investors to buy actual delivered cryptocurrencies and trade crypto CFDs, whereas Trading 212 offers cryptocurrency CFDs only and does not support purchasing real coins.
OANDA vs Trading 212: both online brokers support ACH/SEPA, PayPal, and bank wire deposits and withdrawals, only OANDA supports Skrill, and Visa/Mastercard availability is not specified for either.
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) | |||
| 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 SCA 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 | 7868 | |
| Forex Pairs (Total) | 69 | 146 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| 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 | 1.69 | 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 | Yes | |
| 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 | Yes | |
| 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 | 54 | |
| 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 | 93 | 80 | |
| Winner | check_circle | ||
| Review | OANDA Review | Trading 212 Review |
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