Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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Plus500US
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OANDA US
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Plus500US, a broker since 2021 in the US, is authorized by the CFTC and NFA. It offers futures trading in forex, indices, commodities, cryptocurrencies, and interest rates. Sign-up takes 10 minutes with a $100 minimum deposit ($200 by wire transfer). The web platform is simple, enhancing its services for US traders. | OANDA is a well-known broker that excels in quick trade executions, a low deposit requirement, and impressive charting and trading platform functions. The highly-regarded brand has over 25 years of expertise and is overseen by reliable authorities like the NFA/CFTC. It provides 24/7 support for traders and offers flexible contract sizes with automated trade executions. | |
| Instruments | Futures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts | Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA) |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $100 | $0 |
| Trading Platforms | WebTrader, App | OANDA Trade, MT4, TradingView, AutoChartist |
| Payment Methods | ACH Transfer, Apple Pay, Debit Card, Google Wallet, Mastercard, Visa, Wire Transfer | ACH Transfer, Debit Card, Mastercard, Visa, Wire Transfer |
| Minimum Trade | Variable | 0.01 Lots |
| Regulator | CFTC, NFA | NFA, CFTC |
| Account Currencies | USD | USD, EUR, GBP, AUD, JPY, CHF, HKD, SGD |
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| Mobile Apps | iOS & Android | iOS & Android |
| App Review | OANDA's app excels with its customizable interface, allowing you to tailor the trading experience to your strategy by setting custom notifications and adjusting chart sizes and overlays. This personalization, along with quick response to market changes, risk management, and alerts on significant market events, makes it a market leader. | |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 2% | |
| AI / Machine Learning | ✗ | ✓ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✗ | ✗ |
| Market Maker | ✓ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✗ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | ✗ | ✗ |
| Social Trading | ✗ | ✗ |
| VPS Hosting | ✗ | ✗ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $0 |
| Islamic Account | ✗ | ✗ |
Forex Trading | ||
Plus500 US provides futures trading on 13 currency pairs, including popular ones like EUR/USD and GBP/USD. Trading margins are competitive, and the educational resources effectively explain forex futures for beginners. | OANDA provides an impressive assortment of 68 currency pairs. Their custom trading platform features robust trading tools through advanced TradingView charts. It includes over 65 technical indicators and 11 adjustable chart types, superior to many other options. | |
| GBPUSD Spread | 3.4 | |
| EURUSD Spread | 0.75 | 1.6 |
| EURGBP Spread | 1.7 | |
| Assets | 13 | 65+ |
Cryptocurrency Trading | ||
Plus500's Micro-Bitcoin and Micro-Ethereum futures offer a basic introduction to crypto trading by allowing trades on the two most widely recognized digital assets. However, it's important to note that these derivative contracts don't permit direct crypto ownership, they simply allow for price speculation. | Cryptocurrency trading is available through Paxos, an entity distinct from Oanda. This allows traders to speculate on major cryptocurrencies by market cap. The start rate for commissions is lower than many others, starting at 0.25%. In collaboration with Paxos, customers can trade cryptocurrencies on the itBit exchange directly through OANDA's platform. | |
| Crypto Spread | $100 | |
| Crypto Coins | MicroBitcoin, MicroEthereum | |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |