Plus500 vs Oanda : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Plus500

Oanda

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

Years of Existence / Established Year

2008

1996

Customer Base / Number of Accounts

20 Million

50M

Regulation & Security

Regulations (governing bodies)

FCA, CYSEC, ASIC, FMA, FSCA, FSP, ISA, FSA, MAS, DFSA, FSA, SCB

CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI

Awards Won (count for the last 2 years)

Best in Class for Trust Score 2024, GLOBAL TRADING ADVFN International Financial Awards

Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022

Security Measures

Anti-Money Laundering

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

2800+

68+ major currency pairs

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

cTrader

Social Trading

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Mobile and web trading platform

Oanda Mobile and Tablet apps

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Retail Account & Demo Account

Standard account Corporate account Professional trading account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$100

Leverage Available

1:30

50:1

Trade Limit (maximum per trade)

Depends on the asset type

Varies by instrument

Commission (per account type)

Standard - $50/M Premium - $50/M Premium Plus - $40/M

Best Suited For (e.g., beginners, experienced traders)

Experienced traders

Only experienced

Deposit & Withdrawal Options

Deposit Methods

Credit, Debit, Master card, Bank transfer, e-wallets

Bank Wire Transfer ACH Debit card

Withdrawal Methods

Credit, Debit, Master card, Bank transfer, e-wallets

Debit card Bank Wire transfer

Other E-Wallets Supported

PayPal, Skrill

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Trading Academy Online Courses, Market News and Analysis, Webinars, Trading Guides and eBooks, Video Tutorials, Trader's Guide Beginner's Guide

Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators

Fees & Commissions

Trading-Related Fees

Commission-$0

Spread starts from 0.0, commission- $30 per 1M

Spread (typical, fixed, variable)

Variable

Typical

Per Lot Fees

Options Contract Fees

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:30

50:1

Non-Trading Fees

Dormant Fees

$10 per month inactive for three months

10 units of the currency for inactivity atleast 12 months.

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Vary on instruments and change on a daily basis

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Currency Conversion Fee

0.70%

0.50%

Withdrawal Fee

USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No fee

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Depends on the instrument offer

All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/7

24x5

Customer Support Methods (phone, email, live chat)

Call +65 6320 1111 or +65 6320 1119, Email to Plus500's customer support, Live chat

Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607

Support Languages

32+

Additional Information

Headquarters Location

Menachem Begin 125 Tel Aviv, Israel.

Dashwood House 64, Old Broad Street London EC2M 1QS

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Plus500 stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, Oanda offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

Creating an account with Plus500 is generally faster and more user-friendly, often taking just a few minutes, while Oanda requires more detailed steps and identity verification, which may suit more cautious investors.

Plus500 excels in real-time trade execution with minimal latency, whereas Oanda complements its execution with strong analytical modules and educational support within the platform.

Plus500 strength lies in high-performance trading, while Oanda provides a more accessible route for everyday investors.

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