Oanda’s support team is available 24/6 while Worldtradex’s is available 24/5. Opening hours vary depending on the instrument and market you wish to trade. Note, spreads are likely to widen during periods of low liquidity and public holidays, including Christmas, often come with different trading hours. If you are new to the MetaTrader platforms, use the risk-free MT4 demo account to get familiar with the features. Trading Station lets you pre-load tools like real volume, market depth and trader sentiment.
- The company’s support team is available 24/5, ensuring that traders can get help when they need it.
- In conclusion, whether you choose Oanda or Worldtradex, you’re in good hands.
- The broker also provides a dedicated support team in various languages, ensuring that traders from different regions can receive assistance.
Worldtradex’s version of MT4 allows for automated trading via Expert Advisors (EAs) and offers a wide range of indicators and charting tools. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.74% of retail investor accounts lose money when trading CFDs with Worldtradex. You should consider whether you understand how CFDs work and whether you can afford to take https://worldtradex.club/ the high risk of losing your money.
The company prides itself on providing an efficient and accessible service for traders of all experience levels. Our UK team takes a methodical approach to reviewing online brokers. Our experts also factor in their hands-on testing experience into broker ratings. 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.
Worldtradex offers a robust customer support system available via phone, live chat, and email. The broker also provides a dedicated support team in various languages, ensuring that traders from different regions can receive assistance. Additionally, Worldtradex offers comprehensive educational resources, including video tutorials, webinars, articles, and trading courses.
Conclusion on Trading Platforms
Please see our reports on best UK brokers and Australian brokers. By taking this extra step to do your research and due diligence, you will be in a much better position to select a broker that is affordable, intuitive and optimized for your trading needs and goals. Oanda narrowly edges out Worldtradex in this category based on the number of Tier-1 (most trusted) operating licenses the broker has obtained. Oanda made the cover of ‘Time magazine’ just one year after launching its first big product.
Which is better Worldtradex or Oanda?
Traders may choose to do social trading on Worldtradex via ZuluTrade, where you can copy the trading strategies of the pros. On Worldtradex, you can also access MT4 without any third-party bridges. On MT4, you can harness trading strategies such as scalping, expert advisors (EAs) and virtual private server (VPS) for no additional charge. This website and its content are not intended to provide professional or financial advice. The views expressed here are based solely on the writer’s opinion, research, and personal experience, and should not be taken as factual information. The author is not a financial advisor and lacks relevant certifications in that regard.
While both OANDA and Worldtradex offer top-of-the-line services and excellent charting tools, we found safety of funds better at Worldtradex, and appreciated their superior trade execution. Worldtradex’s Trading Station and MetaTrader 4 can both be downloaded for free to Android and iOS devices. They both promise an intuitive mobile trading experience with free deposits, one-click trading a host of analysis tools.
OANDA Fees and Spreads
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering. 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. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets.
For traders looking for tighter spreads and lower commissions, OANDA offers the Core Account. This account is best suited for high-frequency traders who prioritize execution speed and cost efficiency. 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. Despite this, the company continues to be well-regulated in other jurisdictions, offering traders peace of mind. When choosing between Worldtradex and Oanda, two well-established Forex brokers, it’s important to evaluate their features, fees, platforms, and overall offerings.
Oanda vs Worldtradex: Company Backgrounds
Beginners will find educational materials and helpful analytics, while experienced traders will appreciate various instruments and flexible platforms. We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support. The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market.
Worldtradex Vs Oanda Mobile Trading
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. Worldtradex is a forex, CFD, equities, precious metals and crypto broker with over 20 years of experience. 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.
IC Markets Account Types
- The company’s educational materials are well-suited for both beginners and advanced traders.
- Ultimately, the choice between Worldtradex and OANDA depends on your specific trading needs, including the types of instruments you want to trade, your experience level, and your preferred platform.
- Withdrawal processing times depend on the payment processor, where Worldtradex offers more transparency, noting it processes requests within two business days.
- But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms.
- They are bitcoin, ether (ethereum), ripple, litecoin, and bitcoin cash.
- And if you want to learn more about either of them, check out our more detailed Worldtradex and Oanda reviews.
Our primary goal at The Tokenist is to simplify the word of financial decision-making, so Worldtradex website that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own. OANDA is also a member of the Financial Industry Regulatory Authority (FINRA) and the NFA. No, Oanda generally has higher trading costs, with an average EUR/USD spread of 1.61 pips, compared to 0.78 pips at Worldtradex. Oanda and Worldtradex are both market maker/ECN hybrids, meaning that both have at least one commission-free account type with a dealing desk, usually a sophisticated electronic one.
For its commission-based accounts, spreads can average as low as 0.28 pips, excluding additional commissions. However, Worldtradex can become more appealing with its Active Trader Rebate Program, which provides discounts based on trade volume, further reducing costs. OANDA, established in 1996, and Worldtradex, founded in 1999, are two online brokers that offer forex trading but differ in several key areas, including their regulatory framework and Trust Score ratings. OANDA holds 7 Tier-1 licenses, demonstrating a strong regulatory position, while Worldtradex has 4 Tier-1 licenses and an additional 2 Tier-2 licenses. Between 51% and 89% of retail investor accounts lose money when trading CFDs.