| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Oanda | $0 Minimum Deposit | MT4, MT5 Trading Platforms | 800+ Markets To Trade | Oanda is an MT4 and MT5 broker and provides a wide range of tools for different types of trading About |
| Trading 212 | $1 Minimum Deposit | Web Trader & Apps Trading Platforms | 10,000+ Markets To Trade | Trading 212 has 10,000+ real Stocks and ETFs from $1 and offers CFD trading in 2,500+ markets About |
Trading 212 vs Oanda Comparison
This is a comparison of Oanda Global Markets Ltd based and regulated in the British Virgin Islands vs Trading 212. Trading 212 was founded in the last decade to provide a fintech approach to trading. Oanda is a long established MetaTrader broker and was founded in 1996 in Toronto, Canada.
Oanda offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and supports automated traders and traders who make their own trading decisions. It offer a wide range of features from analysis to MT4 and MT5 plug-in tools.
Trading 212 provides a wide range of Stocks and ETFs to buy to own (and sell), at 10,000+. It also offers 2,500 CFD to trade.
Quick comparison
Oanda is a long established MetaTrader broker. Trading 212 is more recent but offers a wide range of markets on a user friendly web trader.
Minimum deposit and account types
The minimum deposit for Trading 212 is $100. There is no minimum deposit requirement for Oanda.
- Trading 212 has a CFD and an Invest account. Trading 212 provides Videos, News, Analysis and an Economic Calendar on the trading platform and its website. Trading 212 offers AutoInvest & Pies, for maanging investments.
- Oanda offers the following trading account types: Standard, Core, Swap-free, Premium and Premium Core. The Standard is described as suitable for all traders and has no minimum deposit requirement. The Core is described as suitable for EAs and scalpers. The Swap-free account is for traders who do not want to pay or receive interest on their account. All three of these accounts offer the Signal Center by Acuity. The Premium and Premium Core accounts are for high volume traders and require the trader to maintain a $20,000 minimum balance and trade more than $10 million notional or equivalent per month. These two accounts come with an Account Manager, Zero Deposit Fees (and reimburse bank fees), Free withdrawals, Priority support and a Free VPN.
- The Standard account has spreads from 1.1, the Core account has spreads from 0.2 and the Swap-free account offers spreads from 1.6 pips. The Premium account has spreads from 0.8 and the Premium Core account has spreads from 0.2. The Core and Premium Core accounts charges commissions, the Standard, Premium and Swap-free accounts do not. At Oanda Global, verification documents are not needed for gross account deposits below $9000. Tools include MarketPulse, with a range of analysis and market news, technical analysis powered by AutoChartist, an Economic Calendar and MetaTrader plug-in tools. The minimum trade size is 0.01 lots.
Markets
- Trading 212 offers CFD trading in Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Stocks, ETFs, Metals and Soft Commodities, with 2,500+ available. Trading 212 on the Invest account offers real Stocks and ETFs, with 10,000+ available.
- Oanda offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 800+ available.
Cryptocurrency CFDs
- Oanda offers Bitcoin, Ethereum, Litecoin, EOS, Bitcoin Cash, Dogecoin, Binance Coin, Tezos, Uniswap, Cardano, Stellar, Chainlink and Polkadot.
- Trading 212 offers Bitcoin, Ethereum, Litecoin, EOS, Ripple, Dash, NEO and Monero CFDs.
| Broker | Trading Platforms | Description |
|---|---|---|
| Oanda Global Broker | MT4, MT5 Trading Platforms | Oanda provides a wide range of tools for a wide range of trading styles, on MT4 and MT5 Description |
| Trading 212 Broker | Web Trader & Apps Trading Platforms | Trading 212 offers 10,000+ real Stocks and ETFs from $1 and 2,500+ CFDs to trade Description |
Leverage
Maximum leverage for Trading 212 is . Maximum leverage for Oanda (FSC regulated) is 200:1.
Commissions
- Trading 212 does not charge commissions.
- Oanda has a commission charge on its Core account of $4 per lot and $3.5 per lot on its Premium Core account.
Online trading platforms
Oanda offers MT4 and MT5. Trading 212 offers a user friendly platform.
Foundation
Oanda was founded in 1996, while Trading 212 was founded in the last decade.
Payment methods
Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller. Trading 212 additionally supports PayPal.
Why Oanda or Trading 212 ?
Traders who want to trade on MT4 and MT5 and make full use of its features from automated trading to scalping may want to consider Oanda. Traders who want to buy real Stocks and ETFs and trade CFDs on a user friendly platform may want to consider Trading 212.
Comparison summary
- Both offer CFD trading
- Trading 212 additionally provides real Stocks and ETFs to own
- Oanda offers MT4 and MT5
- Trading 212 provides a user friendly platform
- Oanda allows EA trading robots
- Trading 212 offers an investing tool
- Oanda offer a range of MT4 and MT5 plug-in tools
