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Head to head

OANDA vs Plus500

OANDA is licensed by CFTC / NFA in the United States, FCA in the United Kingdom, KNF in the European Union, CIRO in Canada, ASIC in Australia, MAS in Singapore and JFSA in Japan, and also has an offshore registration. Plus500 is licensed by FCA in the United Kingdom, CySEC in the European Union, EFSA (Estonia) in the European Union, ASIC in Australia, FMA (New Zealand) in New Zealand, FSCA in South Africa, MAS in Singapore, JFSA in Japan, CFTC / NFA in the United States, DFSA in the United Arab Emirates (DIFC), CMA (UAE) in the United Arab Emirates and SCB in the Bahamas, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at OANDA and $0 at Plus500. Both offer negative balance protection and segregated client money.

Facts last checked: OANDA on 20 October 2026, Plus500 on 20 October 2026.

OANDA profilePlus500 profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
OANDAStrictly regulatedRead the profile
Plus500Strictly regulatedRead the profile
Comparing
OANDAUnited States
Plus500United Kingdom

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Not yet checked
Not yet checked
Official websites
  • oanda.com
  • oanda.sg
  • plus500.com
  • plus500.com.cy
  • plus500.com.sg
  • plus500.com.sc
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
OANDA Corporation
Plus500UK Ltd
Regulator
CFTC / NFA
United States
FCA
United Kingdom
Regulation level
Strictly regulated
Strictly regulated
Licence number
NFA ID 0325821
Check the register
509909
Check the register
Clients this company serves
US residents (retail forex; registered futures commission merchant and retail foreign exchange dealer)
UK residents
All licences held
  • CFTC / NFA (United States)
  • FCA (United Kingdom)
  • KNF (European Union)
  • CIRO (Canada)
  • ASIC (Australia)
  • MAS (Singapore)
  • JFSA (Japan)
  • FSC (BVI) (British Virgin Islands)
  • FCA (United Kingdom)
  • CySEC (European Union)
  • EFSA (Estonia) (European Union)
  • ASIC (Australia)
  • FMA (New Zealand) (New Zealand)
  • FSCA (South Africa)
  • MAS (Singapore)
  • JFSA (Japan)
  • CFTC / NFA (United States)
  • DFSA (United Arab Emirates (DIFC))
  • CMA (UAE) (United Arab Emirates)
  • SCB (Bahamas)
  • FSA Seychelles (Seychelles)
Segregated client money
Yes
Yes
Negative balance protection
Yes
Yes
Compensation scheme
FSCS (UK, OANDA Europe Limited clients); CIPF (Canada); other countries have their own schemes or none
FSCS (UK, Plus500UK Ltd clients); other countries differ

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Not yet checked
Not yet checked

Leverage and margin

Maximum retail leverage
1:30 on major currency pairs (UK and EU retail clients); other companies set their own limits
1:30 on major currency pairs (UK, EU and Australian retail clients)
Retail leverage by asset class
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs: 1:5
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs: 1:5
Margin call level
Not yet checked
Not yet checked
Stop-out level
Not yet checked
Not yet checked

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • OANDA Trade web
  • OANDA Trade mobile app
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
  • Plus500 web platform
  • Plus500 mobile app
Markets
Currency pairs, indices, commodities, metals, bonds, shares and ETFs as CFDs and spread bets (UK)
CFDs on currency pairs, indices, commodities, shares and ETFs; futures in the US
Demo account
Not yet checked
Yes
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Not yet checked
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Yes
Not yet checked

Deposits and withdrawals

Deposit methods
  • Debit or credit card
  • Bank transfer
Not yet checked
Withdrawal fee
No deposit or withdrawal fees from OANDA (UK); your bank may charge
No deposit or withdrawal fees from Plus500 (UK site)
Inactivity fee
Monthly fee after 12 months without trading, capped at £20 a month per client (UK)
Not yet checked

Support

Customer support
Not yet checked
Not yet checked

Our notes

Strengths
  • Licensed by strict regulators in the US, UK, EU, Canada, Australia, Singapore and Japan
  • No minimum account balance and no deposit or withdrawal fees on the UK site
  • Guaranteed stop-loss orders available in the UK (for a fee)
  • Licensed by strict regulators in the UK, EU, Australia, New Zealand, Singapore, Japan and the US
  • UK client money is held in segregated accounts under FCA client money rules
  • No deposit or withdrawal fees and no fees for opening or closing trades on the UK site; costs are in the spread
Watch out for
  • Clients outside the countries with a local OANDA company may be placed with OANDA Global Markets Ltd, which holds only an offshore licence from the BVI FSC
  • UK inactivity fee after 12 months without trading, up to £20 a month
  • The NFA's BASIC record for OANDA Corporation lists past NFA and CFTC regulatory actions; read them there before you open a US account
  • Plus500 says Plus500CA Ltd is a CIRO investment dealer and Plus500IL is regulated by Israel's ISA. We could not find Plus500CA on CIRO's dealer list or reach the ISA register on 2026-10-20.
  • Only Plus500's own platform; no MetaTrader or TradingView accounts
  • The FCA has warned about clone sites using Plus500's name, including plus500un.com, plus500v.com, p500.io and p500.online
  • No minimum deposit we could confirm on the current UK site; check it in the app before you fund

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • OANDA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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