Scores, winners and data below compare these brokers as CFD 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
Available in your country Oanda accepts clients from the country this site is for.
76.6% of retail investor accounts lose money when trading CFDs with this provider.
Trading 212
Available in your country Trading 212 accepts clients from the country this site is for.
83% of retail investor accounts lose money when trading CFDs with this provider.
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 Nigeria.Oanda is better than Trading 212 for day traders, high-volume traders and scalpers, while Trading 212 is better for long-term investors. Both are a good fit for professional traders, swing traders and news traders.
| Overall score | Oanda 82 Best not offered | Trading 212 69 -13 72 |
|---|---|---|
| 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 by top-tier authorities, Oanda by KNF, ASIC (Australia) and the CFTC (United States) and Trading 212 by CySEC, FSC Bulgaria and the FCA (United Kingdom).
| Section score | Oanda 100 not offered | Trading 212 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | FSC (Bulgaria) | |
| 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 Nigeria.Both Oanda and Trading 212 offer segregated client funds and two-factor authentication. Trading 212 also offers an investor compensation scheme.
| Section score | Oanda 66 -13 not offered | Trading 212 79 Best 79 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1996 | 2004 |
| Parent company i | OANDA Group | Trading 212 Ltd |
| 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 | N/A | |
| Brand power | ||
| Number of customers worldwide i | 4,500,000 | |
| Annual revenue i | USD 16,900,000 | USD 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 Nigeria, both on each trade and on holding the account.Oanda is better than Trading 212 for CFD costs, since Oanda is cheaper on EUR/USD, at 5.5 USD per lot (against Trading 212's 13 USD), has tighter gold CFD spreads, at 0.57 points (against Trading 212's 0.89 points), and charges lower Bitcoin CFD fees, at 40 USD (against Trading 212's 70.17 USD). Neither Oanda nor Trading 212 charges account maintenance fees or withdrawal fees.
Oanda does not offer real stocks, being a CFD broker, so Trading 212 and Oanda cannot be compared for real stock costs.
| Section score | Oanda 84 Best not offered | Trading 212 36 -48 80 |
|---|---|---|
| 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 | Free | 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 | USD 5.5 | USD 13 |
| S&P 500 fees (CFD) i | 0.49 points | 0.42 points |
| Gold fees (CFD) i | 0.57 points | 0.89 points |
| Bitcoin fees (CFD) i | USD 40 | USD 70.17 |
| US stocks fees (CFD) i | USD 0.1 | Free |
| Fees on stocks | ||
| Stock fee type i | Percentage | |
| US stocks fees (real) i | Free | |
| 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 | USD 1.5 | |
| 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 Nigeria, and of how many instruments each one gives access to.Oanda is better than Trading 212 for CFD markets, since Oanda offers CFDs on crypto, which Trading 212 does not, and offers futures on crypto and forex, which Trading 212 does not. Both Oanda and Trading 212 offer CFDs on commodities, forex, indices and stocks.
Trading 212 and Oanda cannot be compared for real stock markets, because Trading 212 is a broker offering both CFDs and stocks while Oanda is a CFD broker.
| Section score | Oanda 100 Best not offered | Trading 212 65 -35 30 |
|---|---|---|
| Total tradable symbols i | 1,500 | 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, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i | ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that Oanda and Trading 212 make available to their clients in Nigeria.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.
Trading 212 and Oanda cannot be set side by side for platforms, as Oanda is a CFD broker and does not offer real stocks, unlike Trading 212.
| Section score | Oanda 91 Best not offered | Trading 212 81 -10 81 |
|---|---|---|
| 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 Nigeria, 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 charting tools, which Trading 212 does not. Oanda and Trading 212 both offer a proprietary mobile app and mobile price alerts.
Only Trading 212 can be assessed for mobile trading, since Oanda is a CFD broker and does not offer real stocks.
| Section score | Oanda 86 Best not offered | Trading 212 74 -12 74 |
|---|---|---|
| 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 Nigeria.Oanda is better than Trading 212 for CFD trading features, given that Oanda offers tier-1 liquidity providers, which Trading 212 does not, and allows for scalping and automated trading. Oanda and Trading 212 both offer negative balance protection and trailing stops.
Oanda does not offer real stocks, being a CFD broker, so Trading 212 and Oanda cannot be compared for real stock trading features.
| Section score | Oanda 83 Best not offered | Trading 212 76 -7 89 |
|---|---|---|
| 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 | 888:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 888:1 | 20:1 |
| Major indices leverage i | 888:1 | 20:1 |
| Minor indices leverage i | 200:1 | 10:1 |
| Gold leverage i | 888:1 | 20:1 |
| Commodities leverage i | 100:1 | 10:1 |
| Equities leverage i | 20:1 | 5:1 |
| Cryptocurrency leverage i | 10:1 | 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 | USD 0 | USD 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 Nigeria, and of who each one is meant for.Oanda is better than Trading 212 for CFD account types, as Oanda offers a corporate account and a raw spread account, which Trading 212 does not. Both Oanda and Trading 212 offer a demo account and a professional traders account.
Only Trading 212 can be assessed for real stock account types, since Oanda is a CFD broker and does not offer real stocks.
| Section score | Oanda 53 Best not offered | Trading 212 38 -15 69 |
|---|---|---|
| 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 Nigeria.Oanda is better than Trading 212 for account opening, as Oanda does not require a minimum deposit (against Trading 212's 1 USD), supports e-wallets, which Trading 212 does not, and has no minimum withdrawal (against Trading 212's 1 USD). Both Oanda and Trading 212 offer credit cards and debit cards.
Oanda does not offer real stocks, being a CFD broker, so Trading 212 and Oanda cannot be compared for account opening.
| Section score | Oanda 80 Best not offered | Trading 212 65 -15 65 |
|---|---|---|
| Minimum deposit i | USD 0 | USD 1 |
| Minimum withdrawal i | USD 0 | USD 1 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | USD | EUR, GBP, USD |
| Deposit waiting time i | up to 2 business days | up to 1 business days |
| Withdrawal waiting time i | up to 2 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 Nigeria, in how it can be reached and how fast it answers.Trading 212 is better than Oanda for customer care, as Trading 212 offers customer support in 11 languages (against Oanda's 5), and has a website in 11 languages (against Oanda's 7). Both Oanda and Trading 212 offer live chat and email support.
Trading 212 and Oanda cannot be set side by side for customer care, as Oanda is a CFD broker and does not offer real stocks, unlike Trading 212.
| Section score | Oanda 46 -12 not offered | Trading 212 58 Best 58 |
|---|---|---|
| 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 | Arabic, German, English, French, Italian, Dutch, Polish, Romanian, Russian, Spanish, Chinese |
| 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 Nigeria.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.
Oanda does not offer real stocks, being a CFD broker, so Trading 212 and Oanda cannot be compared for learning.
| Section score | Oanda 80 Best not offered | Trading 212 43 -37 43 |
|---|---|---|
| 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 Choose Oanda, regulated by the FCA and the CFTC, if you want a CFD and forex broker with low trading costs, no minimum deposit and room for automated strategies.
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.
Trading 212
CFD Choose Trading 212, regulated by the FCA and CySEC, if you want an online CFD broker with a wide choice of markets and several account base currencies.
Stocks Choose Trading 212, regulated by the FCA and CySEC, if you want a broker for securities investing with commission-free US stocks.
Open Account 83% of retail investor accounts lose money when trading CFDs with this provider.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.
