Plus500 vs Oanda

Plus500 vs OANDA Comparison Table 2023
Plus500 Review 2023	OANDA Review 2023
Review 4.1	Review 4.3
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
Plus500 is a leading global broker with millions of registered traders and multiple awards. The company specializes in CFDs on its intuitive, proprietary platform and app. The broker holds multiple licenses from reputable regulators, including in the UK, Europe and Australia.	OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.
82% of retail CFD accounts lose money.
Comment by Reviewer
"Plus500 is a great option for CFD traders seeking a trustworthy broker with extensive market access, low fees and a reliable trading platform."	"OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best in class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget."
Pros
No commissions and tight spreads on over 2,800 instruments across forex, shares, indices, commodities, options and ETFs Premium service for professional traders with added benefits including external webinars, expert analysis and a dedicated client manager ESG investing opportunities through a range of equities and indices, including the Global Warming Reduction Index Unique +Insights feature offering real-time trading analysis to uncover trends and market sentiment Excellent reputation with 24 million clients worldwide and licensed in multiple jurisdictions Reliable 24/7 customer support via email, telephone, live chat and WhatsApp Excellent risk management tools including guaranteed stop loss orders Authorized by tier-one regulators including the FCA	Oversight from tier-one regulators make the broker a reliable and trustworthy broker The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives We found the OANDA web platform easy to learn and rated the sophisticated charting tools The brand has an excellent reputation and 25 years experience with a string of awards No restrictions on trading strategies with scalping, hedging and netting permitted The $0 minimum deposit will appeal to newer traders With 68 forex pairs the broker will serve active forex traders Spreads are tight and there are zero hidden fees
Cons
No MetaTrader 4 integration $10 monthly inactivity fee No copy trading	There is a narrow range of payment methods with no PayPal High-volume traders get limited fee rebates or perks Weekend customer support isn't available Social and copy trading tools aren't supported
Awards
Best Overall Broker 2021 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Overall Broker 2019 - DayTrading.com	Best Trading Tools winner 2021 - Online Personal Wealth Awards Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex Voted Most Popular Broker 2021 - TradingView Broker Awards Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options	Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$100	$0
Trading Platforms
Own	MT4 MT5 TradingView AutoChartist
Payment Methods
Apple Pay Credit Card Debit Card Google Wallet Mastercard PayPal POLi Skrill Swift Trustly Visa Wire Transfer	Credit Card Debit Card Mastercard Neteller Skrill Trustly Visa Wire Transfer
Minimum Trade
Variable	$0
Regulator
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA	FCA, ASIC, MFSA, MAS, CIRO, FFAJ, BVI
Margin Trading
Yes	Yes
Margin Rate
	2%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS, Android and Windows	OANDA Trade, MT4
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	Yes
Inactivity Fee
$10	$0
Islamic Account
No	No
Account Currencies
USD EUR GBP AUD ZAR CZK	USD EUR GBP CAD AUD JPY CHF HKD SGD
Stock Exchanges
Australian Securities Exchange Borsa Italiana Deutsche Boerse Euronext London Stock Exchange SIX Swiss Exchange	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng London Stock Exchange Nasdaq Russell 2000 S&P 500
Commodities
Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Lithium Livestock Oil Platinum Silver Soybeans Steel Sugar	Copper Corn Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
Commission-free CFDs span an excellent range of markets. Traders can go long or short on popular assets with variable leverage and competitive spreads.	Speculate on popular financial assets covering forex, commodities, indices, metals and bonds. Clients can trade CFDs on the award-winning MT4 platform or the firm's beginner-friendly web trader.
Leverage
1:30	1:30
FTSE Spread
1.8	1.0
GBPUSD Spread
1.1	1.4
Oil Spread
0.04	3.0
Stocks Spread
0.08	Variable
Forex Trading
Plus500 offers forex trading via CFDs with tight, variable spreads and an impressive range of over 70 currency pairs.	OANDA offers 68 currency pairs, more than most forex brokers, covering majors, minors and exotics. The OANDA Trade platform also offers powerful technical analysis tools while average execution speeds are fast at 12 ms.
Forex App
Plus500 have developed their mobile apps to match the WebTrader online platform . Secure, reliable and uncomplicated, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
GBPUSD Spread
1.1	1.4
EURUSD Spread
0.6	0.8
EURGBP Spread
1.4	0.9
Assets
70+	68
Cryptocurrency
Crypto trading not offered	OANDA offers trading on leading cryptocurrencies, including Bitcoin. We rate the low fees which start at 0.25% and that you can place trades in the app hassle-free.
Spread
Variable	$100
Coins
BCH BTC ETH LTC XRP IOTA NEO EOS XMR	BTC ETH LTC BCH PAXG LINK UNI AAVE
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
82% of retail CFD accounts lose money.
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