Standard trading accounts are what the majority of people will seek to use. The worldtradex online trading platform gives traders from all over the world access to over 10,000 financial instruments, Oanda include over 4,000 available instruments. There are over 220,000+ registered customers that have taken advantage of the worldtradex platform. Both Oanda and worldtradex are forex brokers that have been in the online trading business for decades now.

Customer Support and Educational Resources

Trading carries a high level of risk and may not be suitable for all investors. 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 Worldtradex forex brokers reviews 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. 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.

Still not happy have a look at some of our alternative worldtradex Vs side by side comparisons below

The trading platform is essential as you can’t execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies. worldtradex vs OANDA both offer a singular account option, inclusive of Islamic accounts. This facilitates traders who follow Sharia principles to participate in currency trading on their platforms. worldtradex operates in a dual capacity, functioning both as a Market Maker and an STP Broker.

Our broker reviews are reader supported and we may receive payment when you click on a partner site. As you may have seen in this table, you can trade 5 different cryptocurrency CFDs with worldtradex. They are bitcoin, ether (ethereum), ripple, litecoin, and bitcoin cash. According to worldtradex, execution rates of 31 milliseconds are made possible by the sophisticated trading technology that has been introduced.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with worldtradex or Oanda if your investment strategy is more long-term. A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager. If you need a STP account check they are available with worldtradex or Oanda or alternative.

And in truth, the $7 million penalty the CFTC ordered worldtradex to pay is kind of like pocket change in a marketplace that turns over an estimated $5.1 trillion dailiy. Today, the “clean up worldtradex’s reputation” project is going as well as can be expected, considering they are still not able to accept United States traders. He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

OANDA also has an Elite Trader program offering rebates for high-volume traders. Despite a transparency push, OANDA doesn’t publish average spreads for fixed periods, making apples-to-apples comparisons difficult. OANDA garners a 4-star rating for commissions and fees, ranking 34th among 63 brokers on ForexBrokers.com. In conclusion, both worldtradex and OANDA are highly reputable brokers that offer a wide range of trading platforms, account types, and educational resources.

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. Trading Station is a strong competitor to MetaTrader and features complex back-testing options, such as accounting for potential historical slippage and trading costs. The below table shows our test results for the no commission, standard account spreads for each broker. Our findings show that worldtradex averaged 1.47 pips over the 6 tested pairs, which equates to a cost of $13.49 per lot. OANDA didn’t fare as well, with an average of 1.54 pips or a cost $14.23 per lot. A notable difference between worldtradex and Oanda is that clients of worldtradex have segregated trading accounts while clients of Oanda do not.

It would help if you made sure with certainty that your money is held with a regulated brokerage. When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either worldtradex or Oanda you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the worldtradex or Oanda support team to answer satisfactorily. ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account. A demo account with worldtradex or Oanda is extremely useful for people without trading experience.

Special Trading Conditions

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. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. 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 facilitate forex trading through CFDs and spot contracts, ensuring traders can access various currency markets with ease.
• worldtradex is a broker that caters to traders of all experience levels, including novices.
• Oanda and worldtradex are both market maker/ECN hybrids, meaning that both have at least one commission-free account type with a dealing desk, usually a sophisticated electronic one.
• However, it’s important to remember that spreads are just one aspect of the cost of trading.
• Pricing information for currency pairs is obtained by worldtradex from premium liquidity sources such as international banks and financial institutions.

IC Markets Features

Smaller ticket retail clients can now take advantage of mini accounts to dip a toe (or few) into the forex marketplace. And all clients can now add CFD instruments to their trade portfolios. Copyright © 2025 Forex BrokeragesCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This website is for informational purposes only and should not be considered advice.

All of this comes down to the fact that you will always be able to receive the quickest possible execution of your transactions at the most favorable rates. Customers in Canada have access to insurance coverage via the Canadian Investor Protection Fund (CIPF), which is good for up to one million Canadian dollars. If MAS-regulated nations satisfy specific requirements, they are eligible for insurance coverage worth up to 50,000 Singapore dollars. The Financial Services Compensation Scheme (FSCS) protects OANDA’s European and British clients. Customers who are eligible for compensation will get up to £85,000 if the broker goes out of business.

• The funds are kept safe by top global banks and cannot be used to reimburse creditors in the unlikely case of worldtradex going bankrupt or insolvent.
• worldtradex is the only brokerage firm that offers such a comprehensive collection of algorithmic trading tools.
• worldtradex and Oanda offer low deposits and access to a selection of market insights and news resources.
• worldtradex is not regulated in the U.S. but has solid global oversight through multiple Tier-1 regulators.

Best Trading Experience And Ease – worldtradex

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. OANDA and worldtradex are two prominent online brokers, each with their own approach to commissions and fees. OANDA’s forex trading costs are generally higher than many of its peers, with effective spreads that may deter budget-conscious investors. Although not considered a low-cost option, OANDA’s automated execution across its account offerings is a key feature.

There are some helpful instructional materials and specialized support staff available for newcomers, and they are both there to assist you along the way. Customers’ deposits are held in individual bank accounts that are maintained apart from one another. Some of the most famous banks in Europe, such as NatWest, Barclays, and Lloyds, among others, hold client funds. OANDA is considered low-risk, with an overall Trust Score of 92 out https://worldtradex.club/ of 100.