OandA vs. Plus500 Comparison

This comparison guide assists users that have a hard time to pick between OandA and Plus500 to locate the most effective online broker for their trading and investment needs. It examines the main features of both brokers side-by-side to assist customers contrast their solution and make an educated decision.

To help users select the ideal broker in between OandA and Plus500 to locate the best-suited platform, below is a listing of broker’s pros and cons, followed by a contrast of their main trading features, consisting of trading platforms & tools, fees, mobile trading, deposit & withdrawal, assets, guideline, and consumer assistance.

OandA vs. Plus500: Summary

Oanda logo

OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.

OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.

OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.

Plus 500 logo

Plus500 is a reputable CFD online broker licensed by the DFSA. They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).

Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.

Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, and live chat.

Pros

  • Low minimum deposit ($0)
  • Competitive average spread from 1.2 pips (EUR/USD)
  • MT4, MT5 and TradingView integration
  • Broad range of research and analysis tools
  • Feature rich mobile app

Cons

  • Limited assets
  • Only CFD and forex trading available
  • Customer support is only available during office hours
  • Inactivity fees

Pros

  • Low minimum deposit ($100)
  • Competitive spread of 0.8 pips EUR/USD
  • Multiple order types and technical indicators
  • Excellent customer service
  • Negative balance protection
  • Intuitive mobile trading app

Cons

  • Relatively high fees compared to other brokers
  • Limited markets
  • Limited charting tools and features

Key features

  • Access to 124 tradable symbols including 71 forex pairs
  • Low minimum deposit ($0)
  • Real-time currency conversion
  • MetaTrader 4 and 5 integration
  • Free VPS server
  • Trading fee and wire transfer discounts for professional traders

Key features

  • Access to 3,000 CFDs
  • Beginner-friendly trading platform and mobile app
  • Low, floating spreads from 0.8 pips EUR/USD
  • Advanced (conditional) order types available such as GSOs and TSOs
  • Free unlimited demo paper trading account
  • Fast account opening

OandA vs. Plus500 Comparison

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Oanda logo

Oanda

Open account Read review

74-89% of retail CFD accounts lose money

Plus 500 logo

Plus500

Open account Read review

CFD Service. Regulated by the DFSA. Trading carries risk.

BROKER COMPARISON

Oanda logo
Plus 500 logo

Overall rating

3,8/5

3,7/5

Overall rating

3,8/5

3,7/5

Trading Platform & Tools

3.9

3.3

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:50 1:30
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.1

3.5

See details
Withdrawal Fee $20 + Fee 0
Deposit Fee 0 0
Inactivity Fee $10 a month after 12 months $10
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.3 0.8 pips
Stocks & ETF 0 0
CFD (Gold) 31 7.2 pips
Crypto 0 0
Options 0 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

3.1

See details
Minimum deposit (in UAE) 0 $100
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.8

2.9

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 70 60
CFD Indices & Funds 12 430
CFD Stocks 0 1000
CFD Commodities 35 22
CFD Crypto 0 0
CFD Bonds 3 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

3.6

2.1

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

OandA vs. Plus500 Comparison Conclusion

The outcomes of our contrast of OandA vs. Plus500 are wrapped up in the table below.

Broker:Best For:
OandAForex and CFDs
Plus500CFD trading and investing

Picking the ideal choice between OandA and Plus500 can be tough. Both online brokers have resemblances however vary pertaining to trading instruments, systems & applications, regulation, deposit & withdrawals, and study and education and learning. Selecting the very best broker depends upon individuals’ trading & financial investment objectives, private choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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