OANDA vs Trading 212 Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - OANDA or Trading 212?
Our pick: OANDA
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - OANDA looks preferable to Trading 212.
OANDA scored 4.3/5 and ranks 32 in our all Forex brokers list, whereas Trading 212 has 4.3/5 and ranks 34.
This is not financial advice. See the full comparison below.
Who is OANDA suitable for?
Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.
Who is Trading 212 suitable for?
Trading 212 is suitable for beginners thanks to educational materials and a low minimum deposit, and for experienced traders looking for affordability and simplicity
Comparison Table of OANDA and Trading 212
| Broker | OANDA | Trading 212 |
|---|---|---|
| Rating | 4.3/5 | 4.3/5 |
| Foundation Year | 2001 | 2003 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | United Kingdom, Bulgaria, Cyprus, Australia, Germany |
| Minimum Deposit |
|
|
| Spread | from 0.5 points | from 0 points |
| Max Leverage | 1:200 | 1:30 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | OANDA Review | Trading 212 Review |
OANDA Review
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of OANDA
Pros
- Tight spreads.
- Diverse markets and products.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
OANDA is in the top 10 of the following ratings:
Trading 212 Review
Trading 212 is a convenient and modern broker primarily aimed at retail investors and beginner traders. The platform combines ease of use, a low entry threshold, and zero commissions on stocks and ETFs, making it attractive for long-term investing and gradual portfolio building.
The broker is best suited for:
- beginner investors
- users with limited capital
- those who invest in stocks and ETFs
- traders who value a simple interface
Trading 212 is less suitable for active traders and professionals who need tight spreads, advanced platforms (MetaTrader, cTrader), and a wider selection of derivatives.
Pros and Cons of Trading 212
Pros
- Zero commissions on stocks and ETFs.
- Low minimum deposit.
- Convenient and easy-to-use platform.
- Fractional shares.
- No deposit and withdrawal fees.
- Regulation in leading financial jurisdictions.
Cons
- Wide spreads on CFDs.
- No MetaTrader or cTrader.
- Limited analytics.
- No live chat or phone support.
- Currency conversion fee.
Reliability
| Broker | OANDA | Trading 212 |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2001 | 2003 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | United Kingdom, Bulgaria, Cyprus, Australia, Germany |
| Regulators |
OANDA
Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.
Trading 212
Trading 212 demonstrates a high level of reliability thanks to regulation in the EU, Australia, and the UK, as well as participation in an investor compensation scheme.
Pros
- Regulated by FCA, ASIC, BaFin, CySEC
- Participation in the FSCS compensation scheme
- Transparent terms and oversight by regulators
Account Opening
| Broker | OANDA | Trading 212 |
|---|---|---|
| Account Opening | 4.5/5 | 4.8/5 |
| Minimum Deposit |
|
|
OANDA
Oanda offers a straightforward and structured registration process, ensuring convenience for clients.
Pros
- Clearly structured registration process.
- No minimum deposit, offering flexibility for traders.
Cons
- Additional documents may be required in some cases.
- Document verification can take from 1 to 2 working days.
Trading 212
Opening an account with Trading 212 is a quick and simple process: registration is fully online, verification takes up to 1 day, and the low minimum deposit makes getting started highly accessible.
Pros
- Fully online registration
- Fast verification
- Low minimum deposit
Cons
- Mandatory KYC verification
- Verification delays are possible
Account Types
| Broker | OANDA | Trading 212 |
|---|---|---|
| Account Types | 3/5 | 4/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0.5 points | from 0 points |
| Max Leverage | 1:200 | 1:30 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Demo Account | ||
| Swap-free Account |
OANDA
Oanda provides various trading accounts, but some specialized types are missing.
Pros
- Standard accounts are available.
- Demo accounts are offered.
- Swap Free accounts are available for traders following Islamic principles.
Cons
- Cent accounts are missing.
- No fixed spread accounts.
- No investment accounts are available.
Trading 212
Trading 212 account types cover the main use cases—trading and investing. The lineup is simple and convenient, but it lags behind competitors in flexibility and lacks specialized accounts.
Pros
- CFD and Invest accounts are available
- Suitable for beginners and investors
- Demo account available
Cons
- Limited account variety
- ISA is available only in the UK
Commissions
| Broker | OANDA | Trading 212 |
|---|---|---|
| Commissions | 3.5/5 | 4/5 |
| Spread | from 0.5 points | from 0 points |
| Average Spread (EURUSD) | 0.8 | 1.2 |
| Commission per Lot |
OANDA
Oanda's fees are moderate, making this broker competitive.
Pros
- No fees for deposits and withdrawals.
- Low spreads on major currency pairs.
Cons
- Inactivity fee is charged.
- Swaps may be high for some currency pairs.
Trading 212
Trading 212's fees are below average thanks to zero commissions on Invest, but spreads and currency conversion reduce the overall attractiveness, especially for active CFD trading.
Pros
- Zero commissions on Invest/ISA
- No deposit/withdrawal fees
- Transparent fee structure
Cons
- CFD spreads are above average
- Currency conversion fee
Deposit and Withdrawal
| Broker | OANDA | Trading 212 |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Account Funding Methods |
|
|
OANDA
Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.
Pros
- The broker does not charge a fee for deposits and withdrawals.
- A wide selection of payment systems is available.
- No restrictions on the amounts of deposits and withdrawals.
Cons
- High commission fees for certain methods by payment systems.
- Withdrawal request processing time may be long.
- Cryptocurrencies are not available as a payment method.
Trading 212
Deposits and withdrawals at Trading 212 are convenient and cost-effective: a wide range of methods with no fees and fast processing. A minor drawback is the lack of cryptocurrencies.
Pros
- No deposit/withdrawal fees
- Convenient methods (cards, PayPal, Apple Pay)
- Fast transactions
Cons
- No cryptocurrencies
- Bank transfers are slower
Markets and Products
| Broker | OANDA | Trading 212 |
|---|---|---|
| Markets and Products | 4.4/5 | 5/5 |
| Forex | 48 | 35 |
| Precious Metals | 3 | 3 |
| Energy Carriers | 3 | 2 |
| Soft Commodities | 4 | 3 |
| Indices | 18 | 8 |
| Stocks | 1607 | 51 |
| Cryptocurrency | 18 | 22 |
| ETF | - | 5 |
OANDA
Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.
Pros
- A wide range of currency pairs.
- A large selection of stocks and indices.
- Access to cryptocurrency trading.
Cons
- Maximum leverage is only up to 1:200.
Trading 212
Trading 212's markets and products cover key assets—stocks, ETFs, Forex, and CFDs. The offering is broad enough for most needs, but the lack of futures and options reduces versatility.
Pros
- Large selection of stocks and ETFs
- Access to international exchanges
- Suitable for investing and trading
Cons
- No futures or options
Trading Platforms
| Broker | OANDA | Trading 212 |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
|
|
OANDA
Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.
Pros
- Access to classic platforms MT4 and MT5.
- The fxTrade mobile app with integration with MT5.
- Integration with TradingView.
Cons
- No MetaTrader alternatives for desktop devices.
Trading 212
Trading 212's platforms are convenient and easy to understand, suitable for most users. The functionality is sufficient for trading, but the limited choice lowers the score.
Pros
- Simple and user-friendly interface
- Web and mobile versions available
- Suitable for beginners
Cons
- No MetaTrader/cTrader
- Limited features for professionals
Analytics
| Broker | OANDA | Trading 212 |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
OANDA
The Oanda broker's analytical section offers many tools that help traders make informed decisions.
Trading 212
Trading 212's analytics are suitable for self-directed analysis: there are charts and data. But the lack of news and signals makes this section limited.
Pros
- Convenient charts
- Fundamental data available
- Suitable for basic analysis
Cons
- No news feed
- No expert analysis
Education
| Broker | OANDA | Trading 212 |
|---|---|---|
| Rating | 4.5/5 | 3.7/5 |
OANDA
Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.
Pros
- Comprehensive coverage of fundamental and technical analysis.
- Variety of resources including webinars, workshops, and live market analysis.
- Free access to premium content for live account holders.
Cons
- Some advanced topics may not be covered in depth.
Trading 212
Trading 212's education is at a good level: plenty of videos and basic materials. It suits beginners, but it lacks depth and advanced content.
Pros
- Many educational videos
- FAQ and articles available
- Active forum
Cons
- No webinars
- Few advanced materials
Customer Support
| Broker | OANDA | Trading 212 |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
|
|
| Hotline Phones |
| — |
| Social Media |
Facebook
Twitter
LinkedIn
YouTube
InstagramOANDA
Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.
Trading 212
Trading 212 support works 24/7 and is generally effective, but the lack of live chat and a phone line reduces the speed of resolving urgent issues.
Pros
- 24/7 support
- High-quality answers
Cons
- No live chat
- No phone support
Comparisons of OANDA and Trading 212 with other brokers
Conclusion
OANDA stands out as the better overall pick, while Trading 212 trails on aggregate criteria.
OANDA scored 4.3/5 and ranks 32 in our rating; Trading 212 has 4.3/5 and ranks 34.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: OANDA or Trading 212?
OANDA comes out ahead by overall rank (score 4.3/5, position 32) versus Trading 212 (score 4.3/5, position 34).
Which broker is better for beginners: OANDA or Trading 212?
OANDA is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — OANDA or Trading 212?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with OANDA and Trading 212?
OANDA: MetaTrader 5, MetaTrader 4, TradingView, fxTrade. Trading 212: Trading 212. See the “Platforms” section for details and selection tips.
What markets can you trade with OANDA and Trading 212?
OANDA: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Trading 212: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by OANDA and Trading 212?
OANDA: Standard, Swap Free. Trading 212: INVEST, ISA, CFD. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by OANDA and Trading 212?
OANDA: Skrill, Neteller, Swift, Visa, Mastercard. Trading 212: Apple Pay, Google Pay, PayPal, Bank Transfer, Credit and Debit Cards, Giropay, Dotpay, iDeal. Check method-specific fees/settlement times.
Which broker is safer — OANDA or Trading 212 — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
