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.
Trading 212
Regulated in your country Trading 212 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 Trading 212 are best suited to, based on what each one actually offers in Australia.Oanda is better than Trading 212 for professional traders, scalpers and algo traders. Both are a good fit for long-term investors, swing traders and news traders.
| Overall score | Oanda 81 Best 74 Best | Trading 212 66 -15 70 -4 |
|---|---|---|
| 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 Trading 212.Oanda and Trading 212 are both regulated in Australia, by ASIC.
| Section score | Oanda 100 100 | Trading 212 100 100 |
|---|---|---|
| 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 Trading 212 have in place to protect your money in Australia.Both Oanda and Trading 212 offer segregated client funds and two-factor authentication.
| Section score | Oanda 66 66 | Trading 212 66 66 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1996 | 2004 |
| Parent company i | OANDA Group | Trading 212 Group Limited |
| CEO i | Gavin Bambury | Michael Byrne |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | mBank | JPMorgan Chase Bank N.A. |
| Brand power | ||
| Number of customers worldwide i | 4,500,000 | |
| Annual revenue i | US$16,900,000 | US$299,000,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with Oanda and with Trading 212 in Australia, both on each trade and on holding the account.Oanda is better than Trading 212 for CFD/FX costs, since Oanda is cheaper on EUR/USD, at US$7.35 per lot (against Trading 212's US$13), has tighter S&P 500 CFD spreads, at 0.39 points (against Trading 212's 0.42 points), and has tighter gold CFD spreads, at 0.52 points (against Trading 212's 0.89 points). Neither Oanda nor Trading 212 charges account maintenance fees or deposit fees.
Trading 212 is better than Oanda for real stock costs, as Trading 212 does not charge inactivity fees, unlike Oanda. Neither Oanda nor Trading 212 charges account maintenance fees or deposit fees.
| Section score | Oanda 66 Best 29 -59 | Trading 212 42 -24 88 Best |
|---|---|---|
| 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$13 |
| S&P 500 fees (CFD) i | 0.39 points | 0.42 points |
| Gold fees (CFD) i | 0.52 points | 0.89 points |
| Bitcoin fees (CFD) i | US$43.85 | US$70.17 |
| US stocks fees (CFD) i | US$0.06 | Free |
| Fees on stocks | ||
| Stock fee type i | Percentage | Free, Spread |
| US stocks fees (real) i | Free | |
| ETF fees (real) i | Free | |
| 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 Trading 212 in Australia, and of how many instruments each one gives access to.Oanda is better than Trading 212 for CFD/FX markets, since Oanda offers futures on crypto and forex, which Trading 212 does not. Both Oanda and Trading 212 offer CFDs on commodities, crypto, forex, indices and stocks, and let you own stocks and ETFs outright.
Oanda is better than Trading 212 for real stock markets, given that Oanda offers futures on crypto and forex, which Trading 212 does not. Both Oanda and Trading 212 let you own stocks and ETFs outright, and offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | Oanda 100 Best 60 Best | Trading 212 75 -25 30 -30 |
|---|---|---|
| Total tradable symbols i | 1,400 | 10,000 |
| 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 | ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that Oanda and Trading 212 make available to their clients in Australia.Oanda is better than Trading 212 for platforms, as Oanda offers MetaTrader 5, MetaTrader 4 and TradingView, which Trading 212 does not. Oanda and Trading 212 both offer a proprietary platform and one-click trading.
| Section score | Oanda 91 Best 91 Best | Trading 212 81 -10 81 -10 |
|---|---|---|
| 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 Trading 212 in Australia, and of what each one lets you do from your phone.Oanda is better than Trading 212 for mobile trading, because Oanda offers the MetaTrader 5 app, the MetaTrader 4 app and mobile trading signals, which Trading 212 does not. Oanda and Trading 212 both offer a proprietary mobile app and mobile price alerts.
| Section score | Oanda 93 Best 93 Best | Trading 212 65 -28 65 -28 |
|---|---|---|
| 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 Trading 212 allow on their platforms in Australia.Oanda is better than Trading 212 for CFD/FX trading features, given that Oanda offers guaranteed stop losses and tier-1 liquidity providers, which Trading 212 does not, and allows for scalping. Oanda and Trading 212 both offer negative balance protection and trailing stops.
Oanda is better than Trading 212 for real stock trading features, since Oanda has no minimum trade size on stocks (against Trading 212's US$1), offers tier-1 liquidity providers, which Trading 212 does not, and allows for automated trading. Oanda and Trading 212 both offer trailing stops and API access.
| Section score | Oanda 96 Best 92 Best | Trading 212 67 -29 82 -10 |
|---|---|---|
| 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 Trading 212 in Australia, and of who each one is meant for.Oanda is better than Trading 212 for CFD/FX account types, as Oanda offers a professional traders account, a corporate account and a raw spread account, which Trading 212 does not. Both Oanda and Trading 212 offer a demo account and a standard account.
Trading 212 is better than Oanda for real stock account types, since Trading 212 offers a stock investing account, a margin investing account and an unlimited demo account, which Oanda does not. Oanda and Trading 212 both offer a demo account and a standard account.
| Section score | Oanda 46 Best 34 -35 | Trading 212 27 -19 69 Best |
|---|---|---|
| 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 Trading 212 in Australia.Oanda is better than Trading 212 for account opening, as Oanda does not require a minimum deposit (against Trading 212's US$1), offers 9 account base currencies (against Trading 212's 4), and has no minimum withdrawal (against Trading 212's US$1). Both Oanda and Trading 212 offer credit cards and debit cards.
| Section score | Oanda 75 Best 75 Best | Trading 212 65 -10 65 -10 |
|---|---|---|
| Minimum deposit i | US$0 | US$1 |
| Minimum withdrawal i | US$0 | US$1 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD | AUD, EUR, USD, GBP |
| Deposit waiting time i | up to 1 business days | up to 3 business days |
| Withdrawal waiting time i | up to 3 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Oanda and Trading 212 in Australia, in how it can be reached and how fast it answers.Trading 212 is better than Oanda for customer care, as Trading 212 has a website in 11 languages (against Oanda's 7), and offers tax assistance, which Oanda does not. Both Oanda and Trading 212 offer live chat and email support.
| Section score | Oanda 51 -3 51 -3 | Trading 212 54 Best 54 Best |
|---|---|---|
| Number of languages supported i | 7 | 11 |
| Website languages i | German, English, French, Italian, Russian, Spanish, Chinese | Arabic, German, English, French, Italian, Dutch, Polish, Romanian, Russian, Spanish, 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 Trading 212 provide to their clients in Australia.Oanda is better than Trading 212 for learning, as Oanda offers education for advanced traders, webinars and daily trading ideas, which Trading 212 does not. Oanda and Trading 212 both offer education for beginners and an education center.
| Section score | Oanda 80 Best 80 Best | Trading 212 43 -37 43 -37 |
|---|---|---|
| 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 Trading 212: which one should you choose?
Oanda
CFD/FX Choose Oanda if you want a CFD and forex broker for scalping and automated trading, with a choice of trading platforms.
Stocks Choose Oanda if you want a stockbroker with a choice of trading platforms and retirement accounts.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Trading 212
CFD/FX Choose Trading 212 if you want an online CFD broker with a wide choice of markets.
Stocks Choose Trading 212 if you want a share dealing service with commission-free US stocks.
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 Trading 212, each scored with the same data and method as this page.
