When choosing between worldtradex and Oanda, two well-established Forex brokers, it’s important to evaluate their features, fees, platforms, and overall offerings. This review will help you determine which broker suits your trading needs best. To compare the two brokers, we used their ‘spread only’ Worldtradex reviews accounts and we found that their spreads were about the same. For example, during a typical trading day, their spreads on the EUR/USD were found to be in the region of 1.2 pips, which is quite decent. Both brokers use floating spreads, which means that their spreads vary frequently. The first model is a ‘spread only’ account where traders pay just the spread and no commission.
Other OANDA and worldtradex comparisons
It says something to achieve this kind of multi-decade longevity in a field as tumultuous and risky as the forex marketplace. Retail brokers, small hedge funds, and developing market banks all have access to wholesale execution and liquidity via worldtradex Pro. High and medium frequency funds, on the other hand, have access to prime brokerage services through worldtradex Prime. You can trade 42 forex pairs with worldtradex while OANDA offers you more options with 71 forex pairs. worldtradex offers more security to traders and has a much higher trust score than OANDA overall. worldtradex is licensed by two Tier-1 Regulators (high trust), two Tier-2 Regulators (average trust), and zero Tier-3 Regulators (low trust).
worldtradex and Oanda should by law keep client funds separate from worldtradex and Oanda funds. If either worldtradex or Oanda goes bankrupt, they should not have access to your money. A financial services compensation scheme differs from country to country, so check this on the worldtradex and Oanda websites and regulators. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all worldtradex and Oanda educational resources and financial research tools. If you are new to trading, sign up for a demo account with worldtradex and Oanda to find which suits you and your trading style.
Fees on Stocks
- To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4.
- The bank of resources is extensive and an advantage of trading with worldtradex.
- For us, one of its main highlights is the Marketscope 2.0 charting tool, which offers powerful charting capabilities that run parallel to the main platform window.
- This broker offers similar options for commodities trading and offers a range of crypto CFDs to choose from.
- ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.
The broker caters to both retail and institutional traders through various account types designed to suit different trading styles. worldtradex is praised for its advanced trading technology and strong market research resources. When comparing the range of investments available on OANDA and worldtradex, both brokers offer forex trading as either a CFD or spot contract, making them versatile platforms for forex enthusiasts.
- We compare worldtradex Vs Oanda financial regulation and licensing side by side below.
- There are several helpful tutorials and committed support staff available for newcomers.
- We found it surprising that OANDA doesn’t have shares trading with CFDs, not just because most forex brokers offer this, but because OANDA is such a major global broker.
- Conversely, when the market takes a downturn, it can be disastrous for your investments.
- To prevent hackers from gaining access to sensitive information, the data transfer that occurs between the workstations of worldtradex’s customers and the company’s servers is encrypted using SSL.
Oanda Educational Tools 🛠
However, traders can still choose their ideal brokers by the type of their spreads. The pros and cons between the two spreads can vary for every trader. In this case, OANDA provides their pricing with Fixed spread while worldtradex offers Fixed spread. worldtradex offers a wide choice of trading platforms with high functionality, meeting the needs of different traders.
In the U.K., accounts with a $25,000 balance and a $50 million monthly volume can enjoy further commission reductions, bringing the effective spread to 0.78 pips. worldtradex is rated 4 out of 5 stars and ranks #24 in the Commissions and Fees category by ForexBrokers.com. worldtradex provides forex and CFD market access across experience levels. This broker offers trading in major forex pairs as well as forex baskets across the U.S. dollar, Japanese yen and emerging markets. Most of the forex trading occurs on major currency pairs such as EUR/USD, USD/JPY, GBP/USD, USD/CHF. These pairs offer the most liquidity and therefore spreads are considered tight.
The broker offers favorable conditions for long-term trading thanks to competitive spreads and swaps. However, there is an inactivity fee and a fee for fund withdrawal. Customer service and support is a particularly big deal in the fast-moving, high-risk field of forex trading. A minute can equal an eternity in a marketplace that deals in the trillions on a daily basis. worldtradex easily beats out Oanda in both the variety and the quality of their trading platforms for web (online) and desktop. What this means is that both forex brokers have seen competitors come and go…and come and go…and come and go.
Knowing your trading and commission fees with worldtradex vs Oanda is extremely important. For the majority of the worldtradex 10,000 financial instruments and Oanda 4,000 available financial instruments . worldtradex offers a minimum deposit of 50 while Oanda have a 0 minimum deposit. Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts.
Both have their own trading platform plus MT4 and TradingView, along with (mostly) no commissions. Among them, in 2015, worldtradex found itself short on cash after the Swiss National Bank suddenly decided to lift a cap it had on the Swiss franc at the time. As a result, customers ended up with negative balances, causing the broker’s equity balance to come up short by hundreds of millions of dollars. worldtradex’s customer service is available to users 24/5 across several channels like WhatsApp, email, connect with a specialist via live web chat or phone.
This results in a total cost slightly better than its commission-free pricing. For smaller trades, OANDA allows clients to trade as little as 1 unit or 0.001 micro lot. It also has an Elite Trader program with rebates and other perks for high-volume traders. OANDA is rated 4 out of 5 stars and is ranked #34 in the Commissions and Fees category by ForexBrokers.com.
Investing in cryptocurrencies with worldtradex or Oanda is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with worldtradex or Oanda could lead to one of the most exciting trades you’ve ever made, depending on the market. Please remember that cryptocurrency availability on worldtradex, Oanda, and all brokers are subject to regulation.
worldtradex offers better pricing since there is ECN execution of trades. In addition, the commissions that South Africans can expect from worldtradex is competitive at $25 per $1 million traded. worldtradex, on the other hand, is regulated by two Tier 1 entities – the Australian Securities and Investment Commission and the Financial Conduct Authority. Looking at the average spreads among the key Forex pairs, we have to say that Oanda is more competitive compared to worldtradex. For example, the average spread on EUR/USD on worldtradex comes out to 1.3, while on Oanda, it’s as low as 0.1. Both brokers offer strong research and educational tools, though Oanda has a slight edge in market research.
Compare worldtradex Vs Oanda Side by Side
The posted support hours for phone and live chat are Sunday at 1pm to Friday at 6pm, which is a wider support window than what worldtradex offers. Oanda offers a live chat virtual assistant that is available 24 hours a day five days a week. The platform also offers a frequently asked questions portal and phone numbers for its regional offices. Overall, customer surveys indicate worldtradex is more responsive to trader needs and more professional in how inquiries are handled. Experienced traders in particular are well-served by Oanda’s research and resource offerings. If you can overlook the somewhat scattershot organization of Oanda’s educational tools, overall you will find a comprehensive suite of resources from which to do your own research.
The suite of educational resources and additional tools are also impressive. Overall, worldtradex is a good option for both beginners and experienced traders. Choosing the right broker is a critical decision that can greatly impact your trading success. In 2025, two long-established brokers—worldtradex and Oanda—continue to attract traders with their competitive pricing, strong regulatory frameworks, and robust trading platforms. In this comprehensive comparison, we delve into various aspects of worldtradex and Oanda, including regulation, trading platforms, fees, funding methods, and customer support. Our goal is to help you decide whether worldtradex stands out as the better broker or if Oanda’s consistent approach might better suit your trading style.
Oanda vs worldtradex – Which Broker Offers Better Pricing?
Spread betting with worldtradex is available for UK residents and provides a tax-efficient way to trade. For more details on spread betting, you can check out this comprehensive guide for the best spread betting brokers. OANDA is better suited for beginner traders due to its lower minimum deposit and more straightforward account features.