Oanda
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74-89% of retail CFD accounts lose money

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Trading 212
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74-89% of retail CFD accounts lose money.

Oanda Vs. Trading 212 - Compare and Choose the Right One

Updated Nov 25 2021

Visit

74-89% of retail CFD accounts lose money

Visit

74-89% of retail CFD accounts lose money.

Overview

Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.

Trading212 is an international broker headquartered in the U.K that specialised in real stocks and ETFs investing or CFD trading.

Best For
  • Forex traders of all levels (from beginner to advanced)
  • Passive investors looking to buy stocks or ETFs with their investing account
  • Traders of all levels of experience looking to trade CFDs on shares
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The Good
  • High trustworthiness, regulated by the best regulators in the world
  • Fast, simple and professional trading platforms
  • Competitive spreads in their currency pairs
  • Broad asset offering in their investing account (more than 10,000 assets)
  • Friendly, smooth and simple proprietary platforms (both web and mobile)
  • Great spreads on stocks and no commissions on investing accounts
The Bad
  • Extremely limited offering of assets (104)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • Despite both platforms being beautiful, they are gamified for engagement. Clicking on the buy button on mobile platform will trigger a random order without asking for confirmation
  • No trailing stops
  • Asides from stocks, their asset offering lacks variety
  • Very high forex spreads (1.4 Pips on EUR/USD)
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day minimum (may take longer) 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

*There is no document verification needed for gross account deposits below US$9,000.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
Financial Conduct Authority
Australian Securities and Investments Commission
Monetary Authority of Singapore
Investment Industry Regulatory Organization of Canada
Financial Futures Association of Japan
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Financial Supervision Commission (Bulgaria)
📍 Year Founded
1996 2004
💳 Minimum Deposit
$, €, £, - 0. 1 to 10 €, £
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Paypal
Visa
Mastercard
Bank Transfer
Neteller
Paypal
Apple Pay
Skrill
iDeal
💵 Account Base Currencies
9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD. 9 - USD, EUR, GBP, RON, PLN, CHF, SEK, NOK, CZK.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW. US, CA.
📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
No No
Assets
📚 Available Assets
Currencies
Commodities
Indices
Cryptos
CFDs
Stocks
Currencies
Commodities
ETFs
Indices
CFDs
📙 Stocks
N/A 10,000+ Real stocks / 1526 CFDs
📘 Currency Pairs
68 179
📗 Commodities
13 25
📕 Indices
16 35
📔 ETFs
N/A 1800 Real ETFs / 50 CFDs
💸 Cryptocurrencies
4 N/A
📒 Bonds
6 N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

All Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc.

Trading212 provides 2 types of accounts: Stock investing where users can buy real stocks and ETFs and CFDs accounts.

Trading Experience
📈 Minimum Stock Trade Size
N/A Fractional Share trading - 0.1 Units of a share
📉 Minimum ETFs Trade Size
N/A Fractional ETF trading - 0.1 Units of an ETF
📈 Minimum Crypto Trade Size
Varies by crypto (Eg: 0.01 BTC) N/A
📉 Minimum FX Trade Size
1 unit of any currency pair (Eg: 1 Euro, 1 Usd, 1 GBP, etc) $500
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
1 unit of any Bond contract N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:100 Up to 1:500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No Yes (Investing Account)
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
Yes, $10 after 1 year of inactivity No
💰 Deposit Fees
No No
💰 Withdrawal Fees

Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.

No
💰 Commissions

No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee.

No
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips From 1.4 Pips
📉 SP500
Dynamic - From 30 Pips From 166 Pips
📈 GOLD
Dynamic - From 26 Pips From 30 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - From $0.6
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From $100 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No

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