Interestingly, our tests captured OANDA as having lower minimum spreads and lower average minimum spreads as well. To achieve this, your best bet is to use some sort of automation, which is possible with both brokers. In this review, we looked at how the Forex broker OANDA and worldtradex compare. Both have their own trading platform plus MT4 and TradingView, along with (mostly) no commissions.
We consider both brokers a toss-up with commodities as they have virtually equal offerings. Oanda gave us the edge to choose more bonds and treasuries, which we really liked. 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. After testing 62 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.
For the trading platform, MetaTrader 4 is the standard choice for https://worldtradex.site/ 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.
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. When it comes to customer service, both OANDA and worldtradex have their merits. OANDA offers 24/5 customer support through live chat, email, and phone, catering to traders around the globe. worldtradex, on the other hand, provides a similar level of support but stands out with its educational webinars and market analysis updates.
The company’s longevity and innovation have contributed to its success, offering clients an advanced trading experience with a focus on transparency and ease of use. OANDA provides a wide range of currency pairs, commodities, indices, and even bonds for trading. The broker is well-regarded for its cutting-edge technology, educational resources, and user-friendly platforms. 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.
Account Types
Oanda also has a lengthy operating history with 25 years under its belt. Oanda is known for forex and CFD trading where it also offers access to cryptocurrencies like bitcoin and Ethereum. It offers a wide breadth of forex data services including an historical currency converter and a strong API feature. 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. The overall choice is superior at worldtradex, where traders may select between the retail-favorite MT4, its proprietary Trading Station, and the social trading market leader ZuluTrade.
Top Brokers
OANDA didn’t fare as well, with an average of 1.54 pips or a cost $14.23 per lot. Between 51% and 89% of retail investor accounts lose money when trading CFDs. StockHax strives to provide unbiased and reliable information on cryptocurrency, finance, trading, and stocks. However, we cannot provide financial advice and urge users to do their own research and due diligence.
- 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.
- In terms of educational ratings, OANDA scores slightly higher with a perfect 5-star rating, whereas worldtradex follows closely with 4.5 stars.
- The hugely respected brand offers competitive trading accounts and serves clients from 196 countries.
- This review will help you determine which broker suits your trading needs best.
- A major difference, however, is that traders from the United States are not eligible to apply for a live trading account with worldtradex, while Oanda’s services are available to U.S. residents.
OANDA’s commitment to providing versatile platform choices ensures that both beginner and advanced traders can find the right tool for their trading style. Unlike worldtradex, Oanda does not keep its clients’ funds in segregated accounts, which is a concern. Oanda is also a market maker, as opposed to worldtradex which is an enhanced execution broker. 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). A notable difference between worldtradex and Oanda is that clients of worldtradex have segregated trading accounts while clients of Oanda do not. The FCA , by which worldtradex is regulated, requires worldtradex to ensure a clear segregation between money belonging to retail clients and money that belongs to itself.
worldtradex is rated 4 out of 5 stars and ranks #24 in the Commissions and Fees category by ForexBrokers.com. However, there’s a trend sweeping the industry of zero-commission trading, leaving many trading platforms to make money from the spread between two instruments. To learn about a broker’s pricing model, it helps to examine the various charges for trading specific markets, as they tend to vary and can also get updated. worldtradex, or Forex Capital Markets, is a popular online forex and CFD trading platform that caters to traders worldwide.
The learning centre offers us two comprehensive guides and a vast library of nearly 200 articles covering topics such as trading tips, strategies, charting, and indicators. worldtradex also offers a selection of articles broken down by experience level, catering to beginner, intermediate, and advanced traders. 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. Meanwhile, worldtradex follows closely with a solid 4.5-star research rating and an eleventh-place ranking.
Which has the better spread?
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 https://worldtradex.blog/ industry average, we find that both worldtradex and OANDA are offering competitive rates. For example, the industry average spread for the EUR/USD pair is 1.25, which is higher than OANDA’s spread and only slightly lower than worldtradex’s. Looking at the average standard account spreads for the forex pairs, we can see some interesting patterns.
In terms of overall pricing, OANDA appears to be slightly more cost-effective for those who qualify for the Core Pricing account, especially if they trade large volumes. worldtradex is ideal for traders who prioritize low spreads, advanced tools like TradingView, and social trading via ZuluTrade. Oanda is a great option for traders who value wide asset variety, superior market research, and MT5 support. 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.
Like worldtradex, OANDA also segregates client funds, ensuring they are held in separate accounts from the broker’s operating funds. Yes, Oanda is regulated by the CFTC and NFA in the U.S., making it a trusted choice for American traders. worldtradex is not regulated in the U.S. but has solid global oversight through multiple Tier-1 regulators. Both brokers offer strong research and educational tools, though Oanda has a slight edge in market research. To compare the two brokers, we used their ‘spread only’ accounts and we found that their spreads were about the same.
Platform Comparison
Therefore, while OANDA may have lower spreads, this does not necessarily mean it is the cheaper option overall. For users keen on creating watchlists with real-time quotes or changing time frames on charts, both OANDA and worldtradex have got you covered. Their apps auto-save chart drawings, ensuring your technical analyses are preserved.