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OANDA vs Trading 212 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between OANDA and Trading 212? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, OANDA ranks more highly than Trading 212.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
Select Brokersexpand_moreclose
Overall Rating expand_moreexpand_less OANDA Trading 212 XTB
Overall Rating 8 / 10 7.4 / 10 8.7 / 10
Account Type expand_moreexpand_less OANDA Trading 212 XTB
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account Yes No Yes
Copy Trading expand_moreexpand_less OANDA Trading 212 XTB
Social Trading / Copy Trading Yes No Yes
DupliTrade No No No
ZuluTrade Yes No No
Cryptocurrency expand_moreexpand_less OANDA Trading 212 XTB
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes No Yes
Bitcoin Yes No Yes
ethereum Yes No Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less OANDA Trading 212 XTB
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less OANDA Trading 212 XTB
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less OANDA Trading 212 XTB
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting Yes No No
Social Trading / Copy Trading Yes No Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes Yes Yes
ETF No Yes No
U.S. Stocks (CFD) No Yes Yes
Trading Platforms expand_moreexpand_less OANDA Trading 212 XTB
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) Yes No Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes No Yes
MetaTrader 5 (MT5) Yes No No
Regulatory Licenses expand_moreexpand_less OANDA Trading 212 XTB
Tier-1 Licenses 6 1 1
ASIC Authorised (Australia) Yes No No
IIROC Authorised (Canada) Yes No No
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) Yes No No
FINMA Authorised (Switzerland) No No No
CFTC Registered (USA) Yes No No
Tier-2 Licenses 0 1 3
Tier-3 Licenses 1 0 1
Research, Education expand_moreexpand_less OANDA Trading 212 XTB
Trading Central (Recognia) No No No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist Yes No No
Investor Dictionary (Glossary) Yes Yes No
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes No Yes
Trading Costs expand_moreexpand_less OANDA Trading 212 XTB
Minimum Initial Deposit $0 EUR 10 $0
Average Spread EUR/USD - Standard 1.26 (5/22-5/27/22) N/A 0.9 (Q3 2021)
All-in Cost EUR/USD - Active 1.26 (5/22-5/27/22) N/A 0.9 (Q3 2021)
Active Trader or VIP Discounts Yes No Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) Yes Yes Yes
Trading Tools expand_moreexpand_less OANDA Trading 212 XTB
Watchlists - Total Fields 6 5 8
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 81 45 39
Mobile Charting - Indicators / Studies 33 45 39
Trust Factors expand_moreexpand_less OANDA Trading 212 XTB
Year Founded 1996 2004 2002
Publicly Traded (Listed) No No Yes
Bank No No No
Authorised in European Union Yes Yes Yes
Trust Score 92 77 95
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OANDA vs Trading 212 Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare OANDA vs Trading 212.

Can I trust OANDA?

OANDA has a trust score of 92, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Trading 212?

Trading 212 has a trust score of 77, giving it a "Average Risk" trust label.

Is OANDA a good broker?

OANDA is a long-standing broker that is highly regulated and trusted across the world by forex and CFD traders. OANDA has strong market research, and offers connectivity to numerous platforms and third-party plugins (including integrated charts from TradingView). The only downside with using OANDA is its comparatively small range of markets and industry-average spreads.

Is Trading 212 a good broker?

Trading 212's innovative app for web and mobile is great for beginners and less demanding traders who are looking to trade CFDs or invest in shares. That said, Trading 212's lack of advanced features and trading tools may leave experienced forex traders wanting more.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. OANDA is ASIC Authorised (Australia), IIROC Authorised (Canada), FSA Authorised (Japan), MAS Authorised (Singapore), FCA Authorised (U.K.) and CFTC Registered (USA), while Trading 212 is FCA Authorised (U.K.)., neither have SFC Authorised (Hong Kong), CBI Authorised (Ireland), FMA Authorised (New Zealand) and FINMA Authorised (Switzerland)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, OANDA is none, while Trading 212 is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses OANDA is FSC Authorised (British Virgin Islands), while Trading 212 is none., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms OANDA supports a Proprietary Platform, Desktop Platform (Windows) and ZuluTrade, whereas Trading 212 supports a Proprietary Platform., neither have cTrader and DupliTrade

Does OANDA offer MetaTrader? Does Trading 212 offer MetaTrader?

For MetaTrader OANDA provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Trading 212 provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do OANDA and Trading 212 differ in terms of minimum deposit? What about average spreads and funding options?

OANDA requires a minimum deposit of $0, while Trading 212 requires a minimum deposit of EUR 10. From our testing we found OANDA offers spreads of 1.26 (5/22-5/27/22), while Trading 212 offers spreads of N/A. Both OANDA and Trading 212 offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits.

Which brokers offers more tradeable asset classes, OANDA or Trading 212?

OANDA offers a more diverse selection of investment options than Trading 212 allowing you to trade Forex Trading, Trading - Forex or CFDs, Spread Betting, Social Trading / Copy Trading, Metals, Energies and Agriculturals. Looking at total tradeable symbols, OANDA has 124, compared to 1785 from Trading 212.

Can I trade cryptocurrency with OANDA or Trading 212?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither OANDA nor Trading 212 allow you to trade physical cryptocurrencies.

Who offers more research tools, OANDA or Trading 212?

In terms of research and research tools OANDA gives traders the following tools: Autochartist, Daily Market Commentary, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison Trading 212 has the tools listed here: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources)., neither have Trading Central (Recognia)




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