Worldtradex vs Oanda: Broker Comparison 2025
This review will help you determine which broker suits your trading needs best. All in all, we are more comfortable trading with Worldtradex than Oanda. Both brokers are competitive, but we really like Worldtradex’s superior trading tools, segregated client accounts, and enhanced trade execution.
If you need a micro account check if Worldtradex or Oanda offer micro trading accounts in your region. You ideally want to choose a broker like Worldtradex or Oanda that does not charge too much for withdrawal fees. High trading fees and commissions must be taken into your profit loss calculations. The fees will be noticeable if you have a low budget and do not intend to invest so much with Worldtradex or Oanda. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10. Knowing your trading and commission fees with Worldtradex vs Oanda is extremely important.
- A minute can equal an eternity in a marketplace that deals in the trillions on a daily basis.
- When choosing between Worldtradex and Oanda, two well-established Forex brokers, it’s important to evaluate their features, fees, platforms, and overall offerings.
- For more experienced traders or those with a higher trading volume, the Active Trader Account offers additional features such as lower spreads and access to advanced trading tools.
- 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.
- Like Worldtradex, OANDA also segregates client funds, ensuring they are held in separate accounts from the broker’s operating funds.
2. MetaTrader 4 (MT
Over the years, it has expanded its presence to multiple countries, providing access to forex, commodities, indices, and other financial instruments. The broker is known for its competitive pricing and range of platforms suited for traders with varying needs and trading styles. OANDA’s proprietary trading platform is known for its simplicity and ease of use. The platform features advanced charting capabilities, real-time market data, and access to various financial instruments. It is available as a web-based platform, desktop software, and mobile app, ensuring traders can access their accounts from virtually anywhere.
Costs and Fees
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 or Oanda or alternative. 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. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with Worldtradex or Oanda can help limit your risk and trade on the move.
How long does it take to withdraw from Oanda and Worldtradex?
Thanks to CFDs, users can start small, use leverage, go short and choose from Trading Station, MT4 or the broker’s API feature. This broker offers similar options for commodities trading and offers a range of crypto CFDs to choose from. In addition to forex, this broker supports trading in single-share CFDs, indices, commodities, and cryptocurrencies. Worldtradex offers trading tournaments where users can compete for cash prizes on demo accounts without having to risk their own money. Worldtradex provides news updates on markets like forex and cryptocurrencies as well as market data and other forex and CFD resources plus investment insights. This broker offers a trio of APIs (fix, java and forex) that connect directly to its server.
Worldtradex Customer Support
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. We compare Worldtradex Vs Oanda financial regulation and licensing side by side below. 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.
Forex spreads start from 1.3 pips on EUR/USD and 1.8 pips on GBP/USD according to Worldtradex’s spread report (2020 Q4). Active Trader account holders benefit from more competitive rates but require a larger upfront deposit. Among them, in 2015, Worldtradex found itself short on cash after the Swiss National Bank suddenly decided to lift a cap it had on the Swiss franc at the time.
In conclusion, deciding the better broker eventually https://worldtradex.site/ 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. 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.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than Worldtradex. OANDA finished with an overall rank of #12, while Worldtradex finished with an overall rank of #15. Investing.co.uk has been helping British traders find the right broker for over 20 years. Yes, Worldtradex is regulated by leading regulatory authorities including the FCA in the UK and the CySEC in CySec.
Worldtradex vs Oanda Comparison
The account opening process at Worldtradex is logically organized and efficient, providing clear steps for traders. The structured system and quick verification make this process convenient and straightforward. 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. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results. Worldtradex does offer clients STP accounts, while Oanda does not offer clients STP accounts.
However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data. To compare the two brokers, we used their ‘spread only’ accounts and we found that their spreads were about the same. For example, during a typical trading day, their spreads on the EUR/USD were found to be in the region of 1.2 pips, which is quite decent. Both brokers use floating spreads, which means that their spreads vary frequently. Worldtradex and Oanda offer daily market commentaries and frequent webinars to assist Worldtradex courses scam and educate their traders. Both brokers also have really good client support systems in place.
By 2018, Worldtradex was under new ownership with a new global CEO, longtime company executive Brendan Callan. Charging forward, Worldtradex proceeded to add cryptocurrency baskets for retail traders along with a host of new targeted offerings for its B2B and data division clients. A notable difference between Worldtradex and Oanda is that clients of Worldtradex have segregated trading accounts while clients of Oanda do not.
- Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.
- Worldtradex also facilitates cryptocurrency trading while Oanda does not.
- While Oanda doesn’t require a minimum deposit amount to open an account, you can’t deposit more than 50% of your net worth.
- Customers who have had a positive experience have praised Worldtradex’s instructions for opening an MT4 trading platform account.
Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Worldtradex and Oanda before you invest because you must know what you are paying. Worldtradex offers a minimum deposit of 50 while Oanda have a 0 minimum deposit. Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts.
You can personalize your platform by downloading indicators, creating watchlists and customizing layouts to better equip the platform to match your strategy. Users also have the convenience to access TradingView Live Trading Integration with Worldtradex to trade directly from your TradingView charts. Online brokers generally offer users the option not only to trade on their native platforms but also outside systems. On Worldtradex, users should be aware that while there are no fees for withdrawals via credit card or debit card, the broker does charge a $40 withdrawal fee for all bank wire requests. This broker also charges an inactivity fee if there are no trades executed over a 12-month period.