worldtradex vs OANDA Review: In-Depth Comparison 2025 Update

For smaller trades, OANDA allows clients to trade as little as 1 unit or 0.001 micro lot. It also has an Elite Trader program with rebates and other perks for high-volume traders. OANDA is rated 4 out of 5 stars and is ranked #34 in the Commissions and Fees category by ForexBrokers.com. worldtradex is a globally recognized broker with decades of experience in the forex market.

OANDA does not make use of an order book, which means that the orders placed by customers are not used to either offer or take liquidity. Every order is carried out at the most efficient rates as well as the highest possible speeds. OANDA is considered low-risk, with an overall Trust Score of 92 out of 100. OANDA is licensed by eight Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). This is particularly significant since criminals on the internet may try to steal essential user information such as credit card numbers, verification papers, and users’ accounts. worldtradex is considered low-risk, with an overall Trust Score of 96 out of 100.

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 . worldtradex offers comprehensive analytical tools, from trading signals to expert research. These resources not only simplify trading decisions but also help to improve strategy.

• Day trading in this way will require a broker that specialises in this.
• worldtradex also wins when it comes to trading tools available and the multiple trading platforms their traders can access.
• If you’re basing your selection on security, neither of these two brokers has a spotless history.
• worldtradex operates under the stringent oversight of regulatory authorities in the UK, Australia, and several other international jurisdictions, which facilitates their global service offerings.

Through a partnership with Jefferies Group, worldtradex offers a professional trading service for financial institutions and sophisticated traders. Whether it’s foreign exchange (forex), shares, bonds, commodities or cryptocurrencies. The rise of online brokers and mobile trading has been a major milestone that has helped to level the playing field for investors. The rise of the internet has paved the way for online brokers, which in turn have given individual investors the same access to global markets as institutional investors.

How to Open a Demo Account in Exness: Step-by-Step Guide

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. Constant deposit fees can potentially add up, so this will take some consideration before you sign up. Numerous notifications are usually sent to you as a reminder of dormant worldtradex and Oanda accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your worldtradex or Oanda account, or choose to close it. The worldtradex trading platform has 0 stocks listed while Oanda has 0 stocks listed.

Are worldtradex and Oanda good for beginner traders?

This comes down to personal choice, When comparing worldtradex vs. Oanda on trading platforms, we’ll call it a draw. But worldtradex does have a slight edge thanks to its copy-trader capabilities on ZuluTrade. The price that traders pay is the spread, which is the difference between the ask and the bid price of the security being traded. worldtradex and Oanda are regulated, which means that as part of their regulatory obligations worldtradex and Oanda have to offer a certain level of financial protection to their clients.

worldtradex Additional Features

It offers a wide breadth of forex data services including an historical currency converter and a strong API feature. Both Oanda and worldtradex are forex brokers that have been in the online trading business for decades now. In fact, Oanda’s first live data feed went live in 1997, while their trading platform was launched in 2001 – as they say, they were the first company to provide exchange rate information over the web. worldtradex followed shortly after, as they were founded just three years after Oanda – in 1999.

Broker Types

When comparing worldtradex and Oanda, both brokers offer competitive advantages in their respective areas. worldtradex has an Worldtradex official site edge in offering multiple account types, while Oanda excels in transparent pricing and a wider range of trading instruments. Ultimately, the choice between worldtradex and Oanda will depend on each trader’s individual needs and preferences.

Spread betting with worldtradex is available for UK residents and provides a tax-efficient way to trade. For more details on spread betting, you can check out this comprehensive guide for the best spread betting brokers. Although worldtradex has fewer forex pairs to trade, we feel they deserve a higher Tradable Products score than OANDA primarily because of OANDA’s lack of shares to choose from. OANDA is no slouch with 68 forex pairs, and we note that as a positive. But again, we feel that brokers today need to offer shares trading. worldtradex and OANDA are both market-maker brokers with identical leverage offerings.

• The demo account is credited with £50,000 virtual funds and traders can choose between trading platforms, including ZuluTrade.
• If you're itching to start trading, we can assist you in making a well-informed decision when comparing worldtradex and Oanda.
• worldtradex and Oanda both offer outstanding trading conditions in terms of low trading costs, reliable trade execution, and great trading platforms.
• A market maker facilitates the process required to provide liquidity for trading pairs on centralised exchanges.
• The company's bid/ask spreads align with brokers like FOREX.com and FxPro, although OANDA's minimum spread is slightly higher than those firms offering sub-pip spreads.

Both brokers are reputable and well-regulated, providing a secure trading environment. It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios. 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.

This broker’s inactivity fee similarly kicks in if there’s no trading activity over a 12-month period. 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. That fee is up to 50 units of the currency in which you’re trading.

Overall, worldtradex's Trading Platforms and Tools are rated higher at 5 stars, compared to OANDA's 4 stars. While OANDA's regulatory standing benefits from a greater number of Tier-1 licenses, worldtradex's higher Trust Score indicates slightly more trust from ForexBrokers.com. 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. The bank of resources is extensive and an advantage of trading with worldtradex.

Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. On the subject of leverage, it helps if you can reduce the risk of slippage; for this reason, execution speed can make a difference. We tested the Execution Speeds of worldtradex and found they have an average execution speed of 108 ms for Limit Orders and 123 ms for Market Orders. We gave worldtradex a Trading Platform score of 7 and OANDA a 6 because of worldtradex’s Marketscope 2.0 charting tool. We found that worldtradex and OANDA are close in this category, but worldtradex edged out OANDA.

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. Our findings show that worldtradex averaged 1.47 pips over the 6 tested pairs, which equates to a cost of $13.49 per lot. OANDA didn’t fare as well, with an average of 1.54 pips or a cost $14.23 per lot.

Both brokers also have really good client support systems in place. Oanda’s support team is available 24/6 while worldtradex’s is available 24/5. worldtradex and Oanda are two prominent forex brokers who have been in the online trading business for many years. Oanda’s first data feed went live in 1997, while worldtradex was founded shortly thereafter in 1999. OANDA is better suited for beginner traders due to its lower minimum deposit and more straightforward account features. OANDA offers a slightly more versatile range of funding options, including PayPal, making it more convenient for a broader spectrum of traders.