Otherwise, Oanda’s scalable learning resources are designed with the active, intermediate to advanced trader in mind. worldtradex easily beats out Oanda in both the variety and the quality of their trading platforms for web (online) and desktop. Oanda wins big points for the platform’s transparent pricing and efforts to minimize risk by offering micro lots and flexible pricing models (broker-spread versus raw-spread+commission).
How worldtradex and Oanda Compare in 2025
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.
- The below table shows our test results for the no commission, standard account spreads for each broker.
- Oanda offers a straightforward and structured registration process, ensuring convenience for clients.
- In contrast, as a stp (straight through processing) forex broker, worldtradex’s primary role is to connect buyers and sellers who wish to partake in that liquidity through trading available assets.
- Checking whether worldtradex and Oanda are regulated is not a hard task.
When it comes to trading tools, worldtradex has more to offer than Oanda. In worldtradex’s app store, you can access various types of technical indicators, add-ons, and automated trading strategies (trading bots). 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. OANDA is better suited for beginner traders due to its lower minimum deposit and more straightforward account features. 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.
Trading Functionality and Forex Spreads 💷
- With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
- A trusted global brand, OANDA stands out for its reputation and quality market research.
- Neither broker supports social trading, however, it is still possible by using MetaTrader’s Trading Signals, to have the ability to copy trades of successful traders.
- Neither OANDA nor worldtradex offer social or copy trading at this time.
Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. If you are not near your desktop computer, you will probably be near and have access to your phone and worldtradex and Oanda mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with worldtradex or Oanda.
When choosing between OANDA and worldtradex for your online trading needs, both brokers provide a range of user-friendly platforms and tools that cater to various trading styles. Both OANDA and worldtradex offer free virtual demo accounts, which is great for beginners looking to practice their strategies. They also have proprietary platforms developed in-house, while each supports popular platforms like MetaTrader 4 (MT4). However, only OANDA supports MetaTrader 5 (MT5), making it a slightly more versatile option in that regard. Both brokers offer Windows-based desktop platforms and web-based platforms, providing flexibility for traders who prefer different media.
worldtradex: Best For Experienced Traders
This broker also charges an inactivity fee if there are no trades executed over a 12-month period. That fee is up to 50 units of the currency in which you’re trading. Also, it helps to know that the minimum amount to open an account on worldtradex is $50.
Oanda’s support team is available 24/6 while worldtradex’s is available 24/5. OANDA offers a slightly more versatile range of funding options, including PayPal, making it more convenient for a broader spectrum of traders. When it comes to funding options, both OANDA and worldtradex offer a variety of methods to suit different trader needs. OANDA provides the convenience of multiple payment options, including credit/debit cards, bank transfers, and PayPal. worldtradex, on the other hand, also accepts credit/debit cards and bank transfers but adds the option of Skrill for traders who prefer e-wallets. Based on our analysis, worldtradex offers a slightly more comprehensive customer service experience, particularly with its educational webinars and in-depth responses.
Fees, Pricing and Commissions 💰
worldtradex has an edge in offering multiple account types, while Oanda excels in transparent pricing and a wider range of trading instruments. Ultimately, the choice between worldtradex and Oanda will depend on each trader’s individual needs and preferences. Both brokers are reputable and well-regulated, providing a secure trading environment. worldtradex, or Forex Capital Markets, is a popular online forex and CFD trading platform that caters to traders worldwide.
Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings. worldtradex is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, worldtradex remains a popular choice for day traders. The broker is also regulated by top-tier authorities including the FCA, ASIC, CySEC, FSCA, BaFin.
worldtradex Vs Oanda Commission and Fees
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms.
A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with worldtradex Worldtradex review or Oanda or alternative. worldtradex allows traders to trade up to 10,000 financial instruments while Oanda have around 4,000 on their trading platform.
Under these terms, it is always good to set a stop loss to protect yourself from any vicious results. We compare side by side the trading risk management features offered by worldtradex and Oanda below. worldtradex does offer clients STP accounts, while Oanda does not offer clients STP accounts.
OANDA is rated 4 out of 5 stars and is ranked #34 in the Commissions and Fees category by ForexBrokers.com. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services.
