It says something to achieve this kind of multi-decade longevity in a field as tumultuous and risky as the forex marketplace. The OANDA subsidiary with whom a client contracts depends on their country of residence. Each subsidiary provides different products via different platforms, so clients will experience OANDA differently depending on their country of residence.

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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Today, Worldtradex has over 130,000 customer accounts globally with a long list of British traders supported from the broker’s London headquarters. Worldtradex’s customer service is available to users 24/5 across several channels like WhatsApp, email, connect with a specialist via live web chat or phone. The broker describes its own support as friendly and professional. 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.

Brokers By Platforms

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.

Worldtradex provides forex and CFD market access across experience levels. This broker offers trading in major forex pairs as well as forex baskets across the U.S. dollar, Japanese yen and emerging markets. Most of the forex trading occurs on major currency pairs such as EUR/USD, USD/JPY, GBP/USD, USD/CHF. These pairs offer the most liquidity and therefore spreads are considered tight. However, Worldtradex also offers other forex currency pairs for traders to access.

• Worldtradex does offer clients Islamic accounts, while Oanda does not offer clients Islamic accounts.
• Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky.
• All in all, the two brokers are a solid choice regardless of which one you decide to go with.
• On the other hand, OANDA’s focus on user-friendly platforms and transparent pricing makes it an excellent choice for traders seeking simplicity and flexibility.
• For traders who want to use their own or another outside trading platform, Worldtradex now offers this extra perk as well.
• 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.

If either Worldtradex or Oanda goes bankrupt, they should not have access to your money. A financial services compensation scheme differs from country to country, so check this on the Worldtradex and Oanda websites and regulators. 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.

Forex Fixed Spreads

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. Worldtradex offers its proprietary Trading Station platform, MetaTrader 4, and TradingView. These platforms support algorithmic trading and provide advanced charting tools. Looking at the average standard account spreads for the forex pairs, we can see some interesting patterns. For the EUR/USD pair, Worldtradex has an average spread of 1.3, while OANDA has a slightly lower spread of 1.2. This trend continues across the other forex pairs, with OANDA consistently offering slightly lower spreads than Worldtradex.

Oanda Fees

This methodology tends to offer faster execution and the possibility of narrower spreads, aligning with the preferences of traders desiring direct market access. Conversely, OANDA predominantly operates as a Market Maker Broker, where it facilitates trading by assuming the opposite position in its clients’ trades. In my opinion, OANDA is the superior choice for Australian Forex traders. Both OANDA and Worldtradex are ASIC regulated, but OANDA has a more comprehensive offering for the Australian market. If you’re an Aussie trader, you might find this list of the Best Forex Brokers In Australia useful for more options.

Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage. Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either Worldtradex or Oanda. Oanda is a renowned United States, Canada financial trading brokerage established in 1996. Worldtradex also charges swap rates for positions held overnight, which can vary based on market conditions and the asset being traded. No, Oanda generally has higher trading costs, with an average EUR/USD spread of 1.61 pips, compared to 0.78 pips at Worldtradex.

Worldtradex Fees

• On top of this, you will need to discover if Worldtradex and Oanda match your trading needs.
• Known for its transparent pricing, intuitive trading platform, and strong regulatory standing, Oanda has gained a reputation as a trusted broker in the industry.
• The Worldtradex trading platform has 0 stocks listed while Oanda has 0 stocks listed.
• Oanda offers access to over 70 forex trading pairs, including major and minor currency pairs.

Meanwhile, Worldtradex is rated 3.5 stars and is ranked #47, reflecting its more limited selection of tradeable assets. There is an obvious advantage for Worldtradex for offering at least 4 different trading platforms to its traders, while OANDA’s offer is limited to MT4 and proprietary platform. Trying to choose between OANDA vs Worldtradex, but can’t decide which Broker is better Broker for your trading strategy?

Both Oanda and Worldtradex are forex brokers that have been in the online trading business for decades now. Worldtradex followed shortly after, as they were founded just three years after Oanda – in 1999. Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.

Customers have said that they wish they could trade additional products on Oanda, such as futures markets. In this article, we will compare two of the leading online brokers — Forex Capital Markets (Worldtradex) vs. Oanda. As far as pricing goes and which of the Forex trading providers does better in this regard, there are a few things that you should take into account. The account Worldtradex scammers opening process at Worldtradex is logically organized and efficient, providing clear steps for traders.

In addition to forex, this broker supports trading in single-share CFDs, indices, commodities, and cryptocurrencies. 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 won on this, but OANDA does have lower minimum deposits and inactivity fees, which allowed them to gain ground. Between 51% and 89% of retail investor accounts lose money when trading CFDs. Our UK team takes a methodical approach to reviewing online brokers. Our https://worldtradex.pro/ experts also factor in their hands-on testing experience into broker ratings.

Both are among the most respected agencies and are a good sign the broker can be trusted. Worldtradex’s Trading Station and the MT4 platform are available for use on mobile devices. The apps host many of the features available on the desktop terminals but with the added flexibility of investing on-the-go. For Worldtradex, if you are looking for a regulated platform, you must choose between its UK, AU or South African operations. In these jurisdictions, it is regulated by the UK’s Financial Conduct Authority, the Australia Securities and Investment Commission and South Africa’s Financial Sector Conduct Authority. The broker’s Worldtradex Markets arm is not subject to the same regulations as these entities.