Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
Oanda
Regulated in your country Oanda is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Plus500
Regulated in your country Plus500 is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders Oanda and Plus500 are best suited to, based on what each one actually offers in Australia.Oanda is better than Plus500 for long-term investors, professional traders and scalpers. Swing traders, news traders and CFD stock traders can choose either Oanda or Plus500.
| Overall score | Oanda 81 Best 74 | Plus500 75 -6 not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise Oanda and the ones that supervise Plus500.Oanda and Plus500 are both regulated in Australia, by ASIC.
| Section score | Oanda 100 100 | Plus500 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that Oanda and Plus500 have in place to protect your money in Australia.Both Oanda and Plus500 offer segregated client funds and two-factor authentication.
| Section score | Oanda 66 -6 66 | Plus500 72 Best not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1996 | 2008 |
| Parent company i | OANDA Group | Plus500 Ltd |
| CEO i | Gavin Bambury | David Zruia |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | mBank | N/A |
| Brand power | ||
| Number of customers worldwide i | 33,000,000 | |
| Annual revenue i | US$16,900,000 | US$768,300,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with Oanda and with Plus500 in Australia, both on each trade and on holding the account.Oanda and Plus500 are equally good for CFD/FX costs, since Oanda is cheaper on EUR/USD, at US$7.35 per lot (against Plus500's US$8), and has tighter S&P 500 CFD spreads, at 0.39 points (against Plus500's 0.7 points). On the other hand, Plus500 does not charge forex commissions (against Oanda's US$3 per lot), and has tighter EUR/USD standard spreads, at 0.8 pips (against Oanda's 1.07 pips). Neither Oanda nor Plus500 charges account maintenance fees or deposit fees.
Oanda and Plus500 cannot be set side by side for real stock costs, as Plus500 is a CFD broker and does not offer real stocks, unlike Oanda.
| Section score | Oanda 66 29 | Plus500 64 -2 not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$3 | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$7.35 | US$8 |
| S&P 500 fees (CFD) i | 0.39 points | 0.7 points |
| Gold fees (CFD) i | 0.52 points | 0.75 points |
| Bitcoin fees (CFD) i | US$43.85 | US$118.34 |
| US stocks fees (CFD) i | US$0.06 | Free |
| Fees on stocks | ||
| Stock fee type i | Percentage | Spread |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with Oanda and with Plus500 in Australia, and of how many instruments each one gives access to.Oanda is better than Plus500 for CFD/FX markets, given that Oanda lets you own stocks and ETFs outright, which Plus500 does not, and offers futures on crypto and forex, which Plus500 does not. Both Oanda and Plus500 offer CFDs on commodities, crypto, forex, indices and stocks.
There is no like-for-like comparison for real stock markets, as Plus500 is a CFD broker and does not offer real stocks.
| Section score | Oanda 100 Best 60 | Plus500 75 -25 not offered |
|---|---|---|
| Total tradable symbols i | 1,400 | 2,800 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i | Stocks, ETF |
Platform
What we compare A comparison of the trading platforms that Oanda and Plus500 make available to their clients in Australia.Oanda is better than Plus500 for platforms, since Oanda offers MetaTrader 5, MetaTrader 4 and TradingView, which Plus500 does not. Both Oanda and Plus500 offer a proprietary platform and one-click trading.
Plus500 does not offer real stocks, being a CFD broker, so Oanda and Plus500 cannot be compared for platforms.
| Section score | Oanda 91 Best 91 | Plus500 72 -19 not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of Oanda and Plus500 in Australia, and of what each one lets you do from your phone.Oanda is better than Plus500 for mobile trading, as Oanda offers the MetaTrader 5 app, the MetaTrader 4 app and mobile trading signals, which Plus500 does not. Oanda and Plus500 both offer a proprietary mobile app and mobile price alerts.
There is no like-for-like comparison for mobile trading, as Plus500 is a CFD broker and does not offer real stocks.
| Section score | Oanda 93 Best 93 | Plus500 74 -19 not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that Oanda and Plus500 allow on their platforms in Australia.Oanda is better than Plus500 for CFD/FX trading features, as Oanda offers tier-1 liquidity providers, which Plus500 does not, and allows for scalping and automated trading. Both Oanda and Plus500 offer negative balance protection and trailing stops.
Oanda and Plus500 cannot be compared for real stock trading features, because Oanda is a broker offering both CFDs and stocks while Plus500 is a CFD broker.
| Section score | Oanda 96 Best 92 | Plus500 67 -29 not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$0 | US$1 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at Oanda and at Plus500 in Australia, and of who each one is meant for.Oanda is better than Plus500 for CFD/FX account types, since Oanda offers a corporate account and a raw spread account, which Plus500 does not. Oanda and Plus500 both offer a demo account and a professional traders account.
Plus500 does not offer real stocks, being a CFD broker, so Oanda and Plus500 cannot be compared for real stock account types.
| Section score | Oanda 46 Best 34 | Plus500 38 -8 not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with Oanda and with Plus500 in Australia.Oanda is better than Plus500 for account opening, since Oanda does not require a minimum deposit (against Plus500's US$70), offers 9 account base currencies (against Plus500's 1), and has no minimum withdrawal (against Plus500's US$100). Oanda and Plus500 both offer credit cards and debit cards.
Oanda and Plus500 cannot be set side by side for account opening, as Plus500 is a CFD broker and does not offer real stocks, unlike Oanda.
| Section score | Oanda 75 Best 75 | Plus500 69 -6 not offered |
|---|---|---|
| Minimum deposit i | US$0 | US$70 |
| Minimum withdrawal i | US$0 | US$100 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Skrill | |
| Local payment methods i | ||
| Account base currencies i | AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD | AUD |
| Deposit waiting time i | up to 1 business days | Instant |
| Withdrawal waiting time i | up to 3 business days | up to 3 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Oanda and Plus500 in Australia, in how it can be reached and how fast it answers.Plus500 is better than Oanda for customer care, as Plus500 has a website in 29 languages (against Oanda's 7), and offers a dedicated account manager and priority support, which Oanda does not. Oanda and Plus500 both offer live chat and email support.
There is no like-for-like comparison for customer care, as Plus500 is a CFD broker and does not offer real stocks.
| Section score | Oanda 51 -20 51 | Plus500 71 Best not offered |
|---|---|---|
| Number of languages supported i | 7 | 29 |
| Website languages i | German, English, French, Italian, Russian, Spanish, Chinese | Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, Russian, Spanish, Chinese | English |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that Oanda and Plus500 provide to their clients in Australia.Oanda and Plus500 are equally good for learning, as both offer education for advanced traders and webinars.
There is no like-for-like comparison for learning, as Plus500 is a CFD broker and does not offer real stocks.
| Section score | Oanda 80 80 | Plus500 80 not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
Oanda vs Plus500: which one should you choose?
Oanda
CFD/FX Choose Oanda if you want an online CFD broker for scalping, with no minimum deposit and a choice of trading platforms.
Stocks Choose Oanda if you want a stockbroker with retirement accounts.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Plus500
CFD/FX Choose Plus500 if you want a CFD and forex broker with a wide choice of markets, guaranteed stop-loss orders and conditions for high-volume trading.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include Oanda or Plus500, each scored with the same data and method as this page.
