OANDAvs
Plus500Forex Broker Comparison
Two brokers, OANDA and Plus500, square off on regulation, pricing, and platforms, highlighting a tension between breadth of tools and instrument variety.
Our Verdict
OANDA winsClear Winner
Both are regulated and keep client funds in segregated accounts. OANDA provides MT4/MT5 and advanced research, while Plus500 offers more instruments via its proprietary platform.
OANDA
4.6/5
Plus500
4.0/5
Key Differences
- 1OANDA supports MT4 and MT5; Plus500 uses only a proprietary platform.
- 2OANDA offers 70 instruments; Plus500 offers 2000.
- 3Max leverage 50:1 at OANDA vs 30:1 at Plus500.
Who should choose OANDA vs Plus500?
Find out which broker best suits your trader profile.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Plus500 offers tighter spreads from 0.60 pips vs 1.00 pips for OANDA, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
OANDA vs Plus500: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.6/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.8 / 5▲ | 4.2 / 5 |
OANDA vs Plus500 Forex Broker Pros & Cons
Pros
Available to US residents (NFA-registered)
Best-in-class research and economic data
No minimum deposit
MT4, MT5 and proprietary platforms
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
OANDA vs Plus500: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
OANDA
criteria wins
0
Plus500
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | OANDA | Plus500 |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
OANDA vs Plus500: Frequently Asked Questions
OANDA rates 4.6/5 versus 4/5 for Plus500. OANDA edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Plus500 starts from 0.6 pips, tighter than OANDA's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
OANDA has no minimum deposit, while Plus500 requires at least $100. This makes OANDA more accessible for traders with limited starting capital.
Both OANDA and Plus500 hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: OANDA has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
OANDA lists maximum leverage of 50:1, while Plus500 lists up to 30:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
OANDA supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4, while Plus500 supports Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. OANDA has exclusive access to MetaTrader 5 and TradingView and MetaTrader 4.
