by 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 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. To verify the availability of any features within your country of residence, please contact the broker directly.
How to Open a Demo Account in Exness: Step-by-Step Guide
From there you can manage your account and trading operations, including making deposits, withdrawing profits and loading the online platforms. You can also speak to the customer support team if you get stuck. ZuluTrade is a peer-to-peer social trading platform that lets users interact with other traders and replicate their market positions. This is a great option for beginners looking to learn more about trading shares for example. Users can follow free market signals or pay to copy established investors.
Could I use a third-party payments platform to deposit onto worldtradex?
Both worldtradex and Oanda do offer clients negative balance protection. When you deposit money to a broker like worldtradex or Oanda you might need to pay deposit fees. Most preferably, you would have to pay worldtradex or Oanda nothing for this.
- He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices.
- A market maker facilitates the process required to provide liquidity for trading pairs on centralised exchanges.
- In 2025, two long-established brokers—worldtradex and Oanda—continue to attract traders with their competitive pricing, strong regulatory frameworks, and robust trading platforms.
- Both have their own trading platform plus MT4 and TradingView, along with (mostly) no commissions.
What Broker is Superior For Australian Forex Traders?
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets. However, it’s essential to consider drawbacks such as fees for account inactivity and the limited variety of trading accounts. These factors may be particularly significant for traders who do not plan to trade actively or are looking for more options for customization. Beginners will find educational materials and helpful analytics, while experienced traders will appreciate various instruments and flexible platforms.
- worldtradex offers trading tournaments where users can compete for cash prizes on demo accounts without having to risk their own money.
- The platform is also built to use HTLM5, which is Macintosh-friendly.
- It also has an Elite Trader program with rebates and other perks for high-volume traders.
- 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.
- However, having said that, Oanda’s customer service gets consistently fair to poor ratings across a wide range of platform reviews.
- Market scanners, heat maps, live forex charts and rates are also offered.
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. Oanda, on the other hand, seems to have developed somewhat of a reputation for sub-par customer support. Surveys show the platform rates just above average across the board in this area. Experienced traders in particular are well-served by Oanda’s research and resource offerings. One year after worldtradex began its long descent into scandal, Oanda released what is still a seminal manifesto in the forex marketplace, the Forex Trader’s Bill of Rights.
Gain access to FX trading pairs on a mobile app or tablet device. These apps provide access to the same features as the web-based platform and are Worldtradex official site ideal on the go. MT4 on Oanda offers tailored layouts, plug-ins and an easy-to-navigate interface. OANDA Trade is a web-based platform but there are also apps for mobile devices and tablets. worldtradex supports trading on TradingView Pro, Trading Station, ZuluTrade and MetaTrader 4.
Markets and Products
Finally, worldtradex has a withdrawal commission, which is also something to take into account. Please see our reports on best UK brokers and Australian brokers. Oanda narrowly edges out worldtradex in this category based on the number of Tier-1 (most trusted) operating licenses the broker has obtained. Unfortunately, worldtradex gets some points deducted for the recent performance of their apps.
If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform. worldtradex is a globally recognized broker with decades of experience in the forex market. Known for its competitive trading conditions, worldtradex offers access to a wide range of currency pairs, indices, commodities, and CFDs.
Customer Service
The views expressed here are based solely on the writer’s opinion, research, and personal experience, and should not be taken as factual information. The author is not a financial advisor and lacks relevant certifications in that regard. Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage.
For more information on the Best Forex Brokers In UK, you can visit this comprehensive list of the Best Forex Brokers In UK. worldtradex is the better choice for experienced traders, offering a superior trading platform and a wider range of products. OANDA beats worldtradex with more forex pairs to choose from, 68 versus 42. But worldtradex has far more in the category of share CFD trading at 219 to OANDAs 0. 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. However, when we compare these spreads to the industry average, we find that both worldtradex and OANDA are offering competitive rates.
However, OANDA remains a highly trusted choice with its 93 Trust Score. Investors looking to choose between these two brokers should consider these regulatory credentials and trust levels to better match their trading needs and preferences. On the other hand, worldtradex flipped the score by offering 7 cryptocurrencies versus OANDA’s 4. In today’s markets, we find the more cryptos to trade, the better because there is a growing demand for crypto trading.
Forex Fixed Spreads
In terms of cryptocurrency offerings, OANDA stands out by allowing clients to purchase actual cryptocurrencies, while worldtradex offers only cryptocurrency derivatives. Both platforms support copy trading, aiding traders looking to mimic strategies from successful peers. This makes OANDA a slightly more appealing choice for those wanting a wider array of trading options. 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. 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. When comparing worldtradex and Oanda, both brokers offer competitive advantages in their respective areas.
worldtradex also wins when it comes to trading tools available and the multiple trading platforms their traders can access. Unfortunately, at the moment, Oanda only has its proprietary platform and MT4. Since its inception in 1999, the company has connected traders to the world’s largest financial markets and trading instruments, including spread betting. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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. worldtradex and Oanda offer daily market commentaries and frequent webinars to assist and educate their traders. Both brokers also have really good client support systems in place.
Oanda is another well-established broker known for its transparency and consistency in execution. With a strong emphasis on fair trading conditions, Oanda provides access to a broad range of currency pairs along with other instruments such as indices and commodities. Its trading environment is built around stability and reliability, making it particularly attractive to traders who prioritize consistent execution and regulatory compliance. In terms of rankings and ratings, OANDA takes a slight lead, earning a five-star research rating from ForexBrokers.com and securing the fifth spot among 62 brokers in the research category.
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
