It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios. Ultimately, the choice between worldtradex and OANDA depends on your specific trading needs, including the types of instruments you want to trade, your experience level, and your preferred platform. Both brokers provide excellent customer support and competitive fees, making either a solid option for forex traders.
About Oanda and worldtradex
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 https://worldtradex.club/ forex enthusiasts. OANDA boasts a significantly larger selection, with 3,928 tradeable symbols and 68 forex pairs, compared to worldtradex’s 440 symbols and 43 forex pairs. worldtradex also supports MetaTrader 4 (MT4), one of the most widely used trading platforms in the forex industry.
worldtradex and OANDA have carefully constructed trading costs – the Cost Score between the two is a tie with scores of 6 each. We elected to focus our comparison on the no-commission account since the is the most popular option retail traders are likely to use, which we assume our readers will be. worldtradex won on this, but OANDA does have lower minimum deposits and inactivity fees, which allowed them to gain ground. In Australia, worldtradex doesn’t have this type of account, but they do have such an account for their clients in the UK, and it’s called their active trader account. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia.
However, the company now provides clients with access to a wide range of asset classes across many financial markets, including currencies, commodities, and energy. There are several helpful tutorials and committed support staff available for newcomers. Mobile trading, order execution with a single click, and trading based on real-time charts are some of the benefits available to customers.
The company also offers negative balance protection in many jurisdictions, adding an extra layer of safety for traders. OANDA uses Secure Sockets Layer (SSL) encryptions on its trading platforms and websites to protect its customers from hackers and other cybercriminals. 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.
Features
- Every year, PricewaterhouseCoopers performs an audit of the records, and the findings are subsequently sent to the relevant regulatory bodies.
- Additionally, worldtradex offers comprehensive educational resources, including video tutorials, webinars, articles, and trading courses.
- OANDA’s website also includes a thorough help center with guides, FAQs, and tutorials to assist traders.
- If you’re an Aussie trader, you might find this list of the Best Forex Brokers In Australia useful for more options.
- OANDA’s platform offering is equally robust, providing access to a variety of trading tools and technologies that cater to traders of all levels.
Two of the most well-known and trusted brokers in the industry are https://worldtradex.world/ worldtradex and OANDA. Both have established themselves as top-tier options for traders of all levels, but understanding their strengths and weaknesses in various areas can help traders make an informed decision. This comprehensive comparison between worldtradex and OANDA will explore several aspects such as their history, trading platforms, fees, regulations, customer support, and more. In conclusion, both worldtradex and OANDA are highly reputable brokers that offer a wide range of trading platforms, account types, and educational resources. worldtradex (Forex Capital Markets) was founded in 1999 and has built a reputation as a leading global online forex broker. With a focus on providing a wide array of trading services, worldtradex caters to both retail and institutional clients.
Customers who are eligible for compensation will get up to £85,000 if the broker goes out of business. OANDA’s internal auditors conduct regular audits of the company’s financial records. Every year, PricewaterhouseCoopers performs an audit of the records, and the findings are subsequently sent to the relevant regulatory bodies. This is particularly significant since criminals on the internet may try to steal essential user information such as credit card numbers, verification papers, and users’ accounts.
worldtradex: Superior Customer Service
However, it’s important to remember that spreads are just one aspect of the cost of trading. Other factors, such as commission fees and account types, can also impact the overall cost. Therefore, while OANDA may have lower spreads, this does not necessarily mean it is the cheaper option overall. In this head to head comparison of OANDA vs worldtradex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. One of the key points of distinction is that OANDA is known for its strong compliance culture and its transparency regarding pricing and execution.
worldtradex is considered low-risk, with an overall Trust Score of 96 out of 100. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.
Both worldtradex and OANDA offer excellent customer support and educational resources. 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. Both worldtradex and OANDA offer a wide variety of platforms, including popular third-party options like MT4. worldtradex’s proprietary Trading Station and NinjaTrader provide sophisticated tools, while OANDA’s fxTrade and TradingView integration offer user-friendly interfaces and advanced charting. 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. worldtradex, on the other hand, has a smaller range with around 440 instruments but is especially recognized for its advanced trading tools and algorithmic trading support.
OANDA is known for its high trading costs, primarily due to its effective spreads. While not the most affordable option, it does offer automated execution across its account types. The company’s bid/ask spreads align with brokers like FOREX.com and FxPro, although OANDA’s minimum spread is slightly higher than those firms offering sub-pip spreads.
Which Broker Offers Social Trading?
The latter is better for retail clients because the matching algorithm always displays the best bid and ask prices from a multitude of different liquidity providers). 74.74% of retail investor accounts lose money when trading CFDs with worldtradex. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. We know what that’s like….and that’s why we’re giving you the bottom line at the top of this page. While both OANDA and worldtradex offer top-of-the-line services and excellent charting tools, we found safety of funds better at worldtradex, and appreciated their superior trade execution.
What this boils down to is that worldtradex is more likely to have better effective spreads than Oanda. For example, a trader is more likely to have his orders executed at the specified/desired price or even at a better price (positive slippage). worldtradex and Oanda are two prominent forex brokers who have been in the online trading business for many years. Oanda’s first data feed went live in 1997, while worldtradex was founded shortly thereafter in 1999. 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.