Compare OANDA Vs Plus500: Which is the Better Forex Broker in 2024?
OANDA Vs Plus500, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between OANDA Vs Plus500, here is the direct comparison:
Feature | OANDA | Plus500 |
General Rating |
3.11/5 |
1.00/5 |
|
Score | 77 | 57 | |
Trustpilot |
3.6/5 544 users |
3.5/5 1407 users |
|
💼 Regulation | |||
❗Info | |||
⌛ Established | 1996 | 2008 | |
💲 Min Deposit | $0 | $100 | |
⚖ Max Leverage | 1:20 | 1:300 | |
🔢 Spread | Fixed | Fixed | |
💸 Commissions | -$50/Mil commission for Core pricing | ||
💡 Min Position | 0.00001 lot | 0.005 lot |
💳 Payment | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller | PayPal, Skrill, Wire transfer, Credit/debit cards, BPAY, iDEAL, SOFORT, giropay and Przelewy24 | |
🏢 Office(s) |
|
|
🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
🗣 Website Languages | English | Arabic, Bulgarian, Czech, Danish, German, Greek, English, Spanish, Estonian, Finnish, French, Croatian, Hungarian, Icelandic, Italian, Hebrew, Japanese, Korean, Lithuanian, Latvian/Lettish, Malay, Mal |
🚪 Trade Now | Open OANDA | Open Plus500 |
Testimonials
-
OANDA: Les risk
-
OANDA: OANDA is the best broker I've ever know.
-
OANDA: My EA doesn't work very well after some time. So...
-
OANDA: My friend recommend me to trade with OANDA. But it...
-
OANDA: I realize half on these commentaries are only half reliable....
-
OANDA: Les risk
-
OANDA: OANDA is the best broker I've ever know.
-
OANDA: My EA doesn't work very well after some time. So...
-
OANDA: My friend recommend me to trade with OANDA. But it...
-
OANDA: I realize half on these commentaries are only half reliable....
-
Plus500: There's no problem actually with their deposit process, but need...
-
Plus500: They have a simple program. As a newbie in the...
-
Plus500: For my 1st experience with broker, Plus500 have a very...
-
Plus500: Plus500 don't like it if their trader makes a lot...
-
Plus500: For almost 4 weeks they prevent me to withdraw my...
-
OANDA: Les risk
-
See More OANDA Testimonials
-
See More Plus500 Testimonials
News
-
Plus500 Q1 Revenue Up 4%, But EBITDA Margin Declines
-
Plus500 Expands in Israel: Bigger HQ and More Jobs
-
Plus500 Boosts Shareholder Value with $100 Million Share Buyback
-
Forex Broker Plus500 Surpasses Expectations with $725M in Revenues
-
Plus500 Expands to US Futures Market with FIA Membership
-
Plus500's Efforts to Maintain The Title of Best Broker
-
Plus500's Anne Grim Steps Down From Her Position
-
Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
-
OANDA Acquired Crypto Exchange Coinpass
-
CySEC Exposed OANDA TMS Clone Website
Articles
-
Guide to Choose the Best OANDA Platform
-
Standard Account Comparison: IC Markets or OANDA?
-
Forex Brokers in 2022: How OANDA Performed
-
How to Open Account in OANDA
-
All You Need to Know about OANDA Swap Free Account
-
Forex.com or OANDA, Which is Better?
-
Is OANDA a Good Broker for Beginners?
-
Breaking Down OANDA's Tight Spreads
-
What is OANDA Currency Converter and How to Use It
-
How to Deposit and Withdraw Your Funds from OANDA Global
Bonus
More Comparisons
- MTrading vs ThinkMarkets
- JustMarkets vs FP Markets
- FirewoodFX vs Tickmill
- easyMarkets vs AvaTrade
- OANDA vs Vantage Markets
- Blueberry Markets vs LiteFinance
- Axi vs Octa
- InstaForex vs Dukascopy
- HF Markets vs eToro
- RoboForex vs IC Markets
- Pepperstone vs Interactive Brokers
- FXOpen vs FBS
- Admirals vs FXTM
- XM vs Exness
- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, OANDA provides their pricing with Fixed spread while Plus500 offers Fixed spread.
OANDA vs Plus500: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. The offer is supported with . In comparison, Plus500 provides trading with Plus500 Windows Trader, Plus500 WebTrader with the support of Trailing stop, Pending orders.
Is OANDA or Plus500 better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, OANDA supports trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf, while Plus500 presents the ability of trading with Forex, Gold & silver, CFD, Oil, Stocks, Options, Indexes, Metals, Energies, ETF, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to OANDA and Plus500:
- Compare OANDA vs Array
- Compare OANDA vs Array
- Compare OANDA vs Array
- Compare Plus500 vs Array
- Compare Plus500 vs Array
- Compare Plus500 vs Array
For more comparisons, visit this page.