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 | 1.69 | 2.7 |
| All-in Cost EUR/USD - Active | 1.69 | 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.
If your priority is sheer choice, Trading 212 offers more to pick from than OANDA. Trading 212 lists 7,868 tradeable symbols and 146 forex pairs, versus OANDA’s 4,172 symbols and 69 pairs. Both let you trade forex as CFDs or spot, and both provide access to exchange-traded U.S. and international stocks (not just CFDs).
OANDA stands out for extras: it supports copy trading and lets you buy actual cryptocurrency, while Trading 212 does not; both offer crypto derivatives. According to ForexBrokers.com, Trading 212 earns 5 stars and ranks 16th out of 63 brokers for Range of Investments, while OANDA earns 4 stars and ranks 28th. Choose Trading 212 for the widest market selection, or OANDA if you value copy trading and direct crypto alongside a large lineup.
| Feature |
OANDA
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 7868 |
| Forex Pairs (Total) | 69 | 146 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | 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 of OANDA and Trading 212, both brokers offer appealing features for traders, though they cater to different preferences. OANDA provides a variety of options to suit diverse trading needs. It offers a proprietary platform developed in-house, alongside popular choices like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Desktop users will appreciate OANDA's availability of a Windows-based platform, whereas both brokers support web-based trading platforms for flexibility. Simulated trading is accessible with free virtual demo accounts from both brokers, allowing users to practice without financial risk. Additionally, OANDA includes unique copy trading capabilities, giving traders more options to diversify strategies, whereas Trading 212 does not offer this feature.
For charting tools, OANDA provides 74 drawing tools compared to Trading 212's 20, offering more variety for technical analysis enthusiasts. Both brokers enable trading directly from stock charts, enhancing user efficiency. Users of OANDA can customize watch lists with up to six columns, slightly more than Trading 212's five-column offering. Despite these differences, both brokers receive an equal rating of four out of five stars for their trading platforms and tools. However, OANDA holds a higher position, ranked #15 by ForexBrokers.com, compared to Trading 212's rank of #20 among 63 brokers. This indicates a slight preference for OANDA in terms of platforms and tools provided.
| 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) | 89 | 54 |
| Charting - Drawing Tools (Total) | 74 | 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.
OANDA vs Trading 212 for market research: OANDA stands out thanks to daily market commentary (Trading 212 doesn’t publish it) and extra tools such as Autochartist for spotting chart patterns. Both brokers stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, offer sentiment tools that show long/short positioning, and include an economic calendar. Neither provides Trading Central, TipRanks, or Acuity Trading research.
Ratings back up the gap in features: OANDA earns 5 stars for Research and ranks #5 out of 63 brokers on ForexBrokers.com, while Trading 212 scores 3.5 stars and ranks #45. If you want frequent insights and pattern-finding tools alongside quality news, OANDA is the stronger pick; if you mainly need headlines, sentiment data, and a calendar, Trading 212 covers the basics.
| 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.
In the OANDA vs Trading 212 education comparison for beginners, both provide at least 10 forex and CFD lessons across articles, videos, and previously recorded webinars. Each broker also offers a searchable archive of past webinars, a catalog of 10+ beginner video lessons, 10+ advanced videos for when you’re ready to go deeper, and an investor dictionary with 50 or more terms to explain trading jargon.
Where they differ is live instruction: OANDA runs client education webinars at least once a month, while Trading 212 does not. According to ForexBrokers.com, OANDA earns a 5-star education rating and ranks 19th out of 63 brokers, compared with Trading 212’s 3.5-star rating and 21st-place ranking. If live webinars and guided learning matter to you, OANDA has the edge; if you prefer self-paced study through videos and archives, both are good options for beginners.
| 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) | |||
| 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/Central Bank 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. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | 1.69 | 2.7 | |
| All-in Cost EUR/USD - Active | 1.69 | 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) | 89 | 54 | |
| Charting - Drawing Tools (Total) | 74 | 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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