worldtradex vs Oanda: Comparison and Analysis

Between 51% and 89% of retail investor accounts lose money when trading CFDs. worldtradex is regulated by the UK’s FCA and offers a suite of automated and manual trading platforms. Market scanners, heat maps, live forex charts and rates are also offered.

Users report frequent crashes and missing or slow-to-load features. Unfortunately, recent worldtradex users give both the iOS/Apple and Android apps poor reviews over the last few months. In other words, both brokers have what equestrians like to call “staying power.” After this many years in the biz, it is safe to say they are each fundamentally built to last. Finally, worldtradex has a withdrawal commission, which is also something to take into account. We recommend looking at a worldtradex alternative that has more financial regulation. worldtradex and Oanda do not have a high rating, so we recommend trading with a more reputable alternative broker.

These diverse platforms provide traders with extensive tools and functionalities to tailor their trading strategies. On the other hand, OANDA primarily features its own proprietary platform, known for its user-friendliness, along with MT4 and MT5. Since its inception in 1999, the company has connected traders to the world’s largest financial markets and trading instruments, including spread betting. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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 provides high-quality trading platforms with deep functionality and integration with TradingView.

Does Either Broker Offer Spread Betting?

• It also has an Elite Trader program with rebates and other perks for high-volume traders.
• The CompareForexBrokers team wanted to see how the two brokers compared when it came to spread costs, so we went and tested.
• There are multiple complaints by users on Trustpilot who have been unable to withdraw funds, with some customers saying that Oanda makes this process too complicated.
• If you can overlook the somewhat scattershot organization of Oanda’s educational tools, overall you will find a comprehensive suite of resources from which to do your own research.

Clients are given access to high-calibre research via worldtradex Plus, and novice traders are given access to informative teaching material. worldtradex is an excellent choice, particularly for algorithmic trading, for those investors who value sophisticated trading tools and high-quality market analysis. Due to worldtradex’s multi-jurisdictional regulation, South Africans should not have any issues utilizing them for day trading.

What Broker is Superior For Australian Forex Traders?

Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading. 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.

Account Opening

worldtradex and OANDA have carefully constructed trading costs – the Cost Score between the two is a tie with scores of 6 each. We elected to focus our comparison on the no-commission account since the is the most popular option retail traders are likely to use, which we assume our readers will be. worldtradex won on this, but OANDA does have lower minimum deposits and inactivity fees, which allowed them to gain ground. In this head to head comparison of OANDA vs worldtradex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Because worldtradex places such a scammed by Worldtradex focus on combining value-added services and resources, experienced traders benefit the most from the company’s efforts in this area.

Brokers By Licenses

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. 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.

• If you are still looking for an alternative to worldtradex and Oanda and want to see how worldtradex or Oanda compares Vs other brokers check out the worldtradex Vs and Oanda Vs list below.
• Sometimes you might have a more complex question requiring a specific part of the worldtradex or Oanda support team to answer satisfactorily.
• Between 74-89% of retail investor accounts lose money when trading CFDs.
• The rise of online brokers and mobile trading has been a major milestone that has helped to level the playing field for investors.
• Regulation alongside currency availability is important when deciding upon a broker.

Both are closely matched, but we chose worldtradex as our favoured broker in the Trading Experience category, so we gave them a score of 7 and OANDA a 6. Desktop Platforms were equally acceptable for both worldtradex and OANDA. worldtradex desktop version stood out more because of their Trading Station. 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.

In addition, the commissions that South Africans can expect from worldtradex is competitive at $25 per $1 million traded. OANDA Trade offers technical analysis tools including trade performance analytics to help you assess your trading performance. There’s also a trade journal to help you manage risk and make better decisions. Manage risk, trade through charts and take advantage of a currency-strength heat map. Online brokers generally offer users the option not only to trade on their native platforms but also outside systems. User’s have complained about this cost, with one trader saying, “The overnight fees are ridiculous high and not fair.”Oanda also charges users a fee for inactive accounts.

A standard account is available on worldtradex and Oanda to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

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. Experienced traders in particular are well-served by Oanda’s research and resource offerings.

Knowing your trading and commission fees with worldtradex vs Oanda is extremely important. For the majority of the worldtradex 10,000 financial instruments and Oanda 4,000 available financial instruments . Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page. When trading on financial markets you will want to know all about who worldtradex or Oanda are, and how they compare. You will naturally want to know how long worldtradex and Oanda have been in business and what reputation worldtradex and Oanda have.