The company is known for its responsive customer support, and it offers several languages for non-English-speaking clients. OANDA’s website also includes a thorough help center with guides, FAQs, and tutorials to assist traders. OANDA provides a free demo account with virtual funds, allowing traders to test the platform and practice their trading strategies before committing real money. For traders looking for tighter spreads and lower commissions, OANDA offers the Core Account.
Markets and Products
worldtradex’s in-house education is above average, primarily consisting of articles, videos, and content produced for its YouTube channel. The learning centre offers us two comprehensive guides and a vast library of nearly 200 articles covering topics such as trading tips, strategies, charting, and indicators. worldtradex also offers a selection of articles broken down by experience level, catering to beginner, intermediate, and advanced traders. Although worldtradex has fewer forex pairs to trade, we feel they deserve a higher Tradable Products score than OANDA primarily because of OANDA’s lack of shares to choose from.
While worldtradex may have a slight edge in terms of offering more varied educational tools, both brokers ensure that their clients have access to the help they need to succeed in the markets. Oanda predominantly provides commission-free trading, where spreads, subject to market conditions and account types, are the main expense incurred by traders. In comparison, worldtradex has spreads that tend to be somewhat above the industry norm, and it also imposes an inactivity fee on traders’ accounts. OANDA and worldtradex both support copy trading features, enabling clients to mirror the trades of successful investors easily. When it comes to cryptocurrency, OANDA allows clients to engage in both direct cryptocurrency purchase and the trading of cryptocurrency derivatives. This broader range of options contributes to OANDA’s slightly higher investment range rating of 4 stars, compared to worldtradex’s 3.5 stars.
Customer Service
On the subject of leverage, it helps if you can reduce the risk of slippage; for this reason, execution speed can make a difference. We tested the Execution Speeds of worldtradex and found they have an average execution speed of 108 ms for Limit Orders and 123 ms for Market Orders. We gave worldtradex a Trading Platform score of 7 and OANDA a 6 because of worldtradex’s Marketscope 2.0 charting tool.
OANDA does not make use of an order book, which means that the orders placed by customers are not used to either offer or take liquidity. Every order is carried out at the most efficient rates as well as the highest possible speeds. OANDA is considered low-risk, with an overall Trust Score of 92 out of 100. OANDA is licensed by eight Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). worldtradex is considered low-risk, with an overall Trust Score of 96 out of 100.
- The company was one of the first brokers to offer online forex trading with direct market access.
- Additionally, worldtradex offers comprehensive educational resources, including video tutorials, webinars, articles, and trading courses.
- Based on six simple questions, we can recommend the best trading software for your trading needs.
- 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 not only offers Trading Station, MetaTrader 4, ZuluTrade, and TradingView Pro, but also offers others such as Capitalise AI, QuantConnect, SeerTrading, and more. In accordance with their individual privacy policies, client data is to not be shared with any other institutions or individuals. In this part of our comparison https://lunarcapital.vip/ of worldtradex and OANDA we’ll check whether either of their mobile apps tick all the boxes. By taking this extra step to do your research and due diligence, you will be in a much better position to select a broker that is affordable, intuitive and optimized for your trading needs and goals.
Platform Comparison
worldtradex offers comprehensive analytical tools, from trading signals to expert research. These resources not only simplify trading decisions but also help to improve strategy. Oanda provides various trading accounts, but some specialized types are missing. To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. In comparison, worldtradex provides trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader with the support of . We consider both brokers a toss-up with commodities as they have virtually equal offerings.
Features
If you own an iPhone, having an IOS Apple mobile trading app with worldtradex or Oanda is essential. Likewise, if you have an android phone, it’s crucial to verify if worldtradex or Oanda broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if worldtradex and Oanda have trading apps compatible with your device. Let’s see how worldtradex vs Oanda compare side by side for commissions and fees. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.
- The FCA , by which worldtradex is regulated, requires worldtradex to ensure a clear segregation between money belonging to retail clients and money that belongs to itself.
- We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence.
- When it comes to customer service, both OANDA and worldtradex have their merits.
- Ask any gathering of retail forex traders what they most prize in an online broker platform and you will soon discover no two answers are exactly alike.
- In conclusion, whether you choose Oanda or worldtradex, you’re in good hands.
Margin requirements are based on the leverage allowed by regulators in a jurisdiction. When it comes to choosing an online broker for forex and CFD trading, worldtradex and Oanda are two well-established and reputable options for traders to consider. Both brokers have a strong global presence and are regulated by multiple financial authorities, ensuring the safety and security of traders’ funds. In this comparison, we will delve into the key features, pros, and cons of each broker to help you make an informed decision on which platform best suits your trading needs and preferences. Both brokers provide a solid range of trading platforms, including proprietary options and support for popular tools like MetaTrader 4. Oanda stands out for its wide variety of tradeable assets and global reputation, offering access to over 3,900 financial instruments, including Forex, stocks, commodities, and cryptocurrencies.
For traders who are more focused on advanced technical analysis and futures trading, worldtradex also offers NinjaTrader. This platform is particularly suited for active traders who require advanced charting and automated trading systems. Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) for engaging in deceptive practices and failing to disclose certain material information to customers.
Best Trading Experience And Ease – worldtradex
worldtradex does offer clients Islamic accounts, while Oanda does not offer clients Islamic accounts. An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. worldtradex does offer clients ECN accounts, while Oanda does not offer clients ECN accounts. If you need a micro account check if worldtradex or Oanda offer micro trading accounts in your region.
If you’re basing your selection on security, neither of these two brokers has a spotless history. It doesn’t have the same baggage that worldtradex is carrying from past scandals. This article exactly talks about how we, TopAsiaFX, earn revenue from advertisements shown on our website. We do thorough research and ask questions about the platform that reaches us for advertising. Finally, worldtradex has a withdrawal commission, which is also something to take into account.
OANDA also provides a wide range of educational content, such as beginner guides, webinars, and market analysis tools, helping traders improve their skills. worldtradex is particularly recommended for advanced traders due to its wide variety of platform options, offering a broader selection such as MT4, Zulutrade, NinjaTrader, and a custom platform. These diverse platforms provide traders with extensive tools and functionalities to tailor their trading strategies. On the other hand, OANDA primarily features its own proprietary platform, known for its user-friendliness, along with MT4 and MT5.