Home Brokers comparison Plus500 vs. OANDA 2021

Plus500 vs. OANDA 2021

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Plus500 and Oanda are leading online brokers in 2021 with premium trading experiences. Plus500 offers a transparent funding process and fee policy. It is highly regulated with licenses from the MAS, FCA, and ASIC. We recommend it for professional traders, as it doesn’t offer educational materials. 

Broker NamePlus500Oanda
Year Founded20081996
Tradable AssetsForex, Commodities, Individual shares, ETFs, Options, Cryptocurrencies.Forex, Bonds, Precious Metals, Indices, Commodities
Min Deposit$100$0 (Standard); $20,000 (Premium)
Min Trade$0$0
PlatformsWeb, MobileFxTrade, Desktop, Web, MT4
DepositFree of charge$0 (Standard); $20,000 (Premium)
WithdrawalsFree of charge$0 (Standard); $20,000 (Premium)

Oanda is a leading U.S. forex broker with user-friendly platforms and excellent research tools. It has top-tier licenses from the CFTC and FCA. We recommend it for beginner investors as it has easy-to-learn trading platforms. 

This article discusses the strengths and weaknesses of Plus500 and Oanda. 

Top findings from the Plus500 vs. Oanda review: 

  1. Plus500 is a trustworthy broker with an impressive trading experience for professional traders. 
  1. Oanda is a leading U.S. forex broker with impressive research tools, a great API, and a learning center. 
  1. Both brokers offer a demo account for traders to test the platform. 

Plus500 is a good choice for professional traders, as it has limited educational materials. We recommend Oanda for both beginner and experienced investors because of its powerful research and educational tools. 

Level of experience  

Plus500 offers an impressive online trading experience. It is a top choice for professional traders as it has premium platforms, tools, and analyses. Plus500 does not offer access to educational materials, making it challenging for new traders to use its services. Plus500 offers a demo account for new traders to test the platform. 

Oanda provides reliable and easy-to-use trading platforms. Its research tools are impressive, with many technical indicators and a useful API. Oanda is a good choice for beginner traders as it offers an excellent trading experience and learning center. 


Plus500 has an initial deposit fee of €100, while Oanda does not have a fee for creating an account. The average EUR/USD spread at Plus500 is 0.6, while at Oanda is 1.4. Both brokers have a transparent fee structure. 


Both brokers offer access to major currency pairs, including EUR/USD. Oanda offers a premium forex experience with 70 currency pairs and 55 CFDs. Plus500 has 50 available pairs and 2033 CFDs. 

Trading platform  

Plus500 has a proprietary platform with desktop and web versions. It offers limited research and educational tools. Plus500 provides an excellent trading experience with access to standard charting tools. Its platforms are a good fit for professional traders. 

Oanda has a proprietary platform, a mobile app, and access to MetaTrader4. Each platform is well-designed and user-friendly. Oanda offers access to many learning tools, including pre-recorded webinars and tutorials. It is a good choice for inexperienced traders, as it offers a wide range of educational and research tools. 

Banking services  

Banking services are important benefits for a good online trading experience. Plus500 offers bank transfers, credit/debit cards, PayPal, and Skrill. Oanda has bank transfers, credit/debit cards, and PayPal funding options. 

Final verdict  

Plus500 and Oanda are leading online brokers in 2021. Both have advantages and disadvantages depending on your trading experience and preferences. Professional traders choose Plus500, as it has useful premium tools. We recommend Oanda for traders of all levels of experience as it has user-friendly platforms and many learning materials. 


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