Compare OANDA Vs worldtradex: Which is the Better Forex Broker in 2025?

To prevent hackers from gaining access to sensitive information, the data transfer that occurs between the workstations of worldtradex’s customers and the company’s servers is encrypted using SSL. Yes, both these brokers offer MetaTrader, but worldtradex only offers MetaTrader 4. Among them, in 2015, worldtradex found itself short on cash after the Swiss National Bank suddenly decided to lift a cap it had on the Swiss franc at the time. As a result, customers ended up with negative balances, causing the broker’s equity balance to come up short by hundreds of millions of dollars. worldtradex user complaints largely have to do with funds taking too long to settle in their respective accounts. Even a “rapid transfer” feature has customers waiting for days for their deposit to arrive with seemingly no reasonable explanation.

Therefore, you can already imagine what helping limit orders can be in your trading career. You must still monitor any live trades and your financial exposure and financial risk. Only submit your bank card information or Worldtradex scam invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage.

worldtradex Account Types

For example, our tests suggest OANDA is a better choice than worldtradex for AUD/USD (far superior) and USD/CAD currency pairs. Leverage is a risky tool that should only be used alongside effective risk management strategies and with an eye on margin requirements. Leverage is a double-edged sword and can dramatically amplify your profits. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors. For more information regarding Rest API, Java API or API Python, head to the ‘API trading tab’ under the algorithmic trading tab on the broker’s website.

worldtradex and Oanda offer daily market commentaries and frequent webinars to assist and educate their traders. 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. OANDA offers a slightly more versatile range of funding options, including PayPal, making it more convenient for a broader spectrum of traders.

How to Open a Standard Account in Exness: Detailed Guide for First-Time Traders

• To support their clients, worldtradex enables trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader.
• In addition, the commissions that South Africans can expect from worldtradex is competitive at $25 per $1 million traded.
• Oanda reviews show typical processing times of one to two business days but can be up to six business days, dependent on the geographic location of clients and their chosen withdrawal method.
• worldtradex provides forex and CFD market access across experience levels.

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools. The ability to trade with the click of a button is essential and allows you to make trading decisions on the worldtradex and Oanda platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets. The more instruments available on worldtradex and Oanda trading platforms the more potential financial instruments you can buy or sell for your portfolio.

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. 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.

• Based on ForexBrokers.com rankings, OANDA holds the 27th position out of 62 brokers for its range of investments, receiving a 4-star rating, whereas worldtradex is positioned at 47th with a 3.5-star rating.
• Most preferably, you would have to pay worldtradex or Oanda nothing for this.
• worldtradex not only offers Trading Station, MetaTrader 4, ZuluTrade, and TradingView Pro, but also offers others such as Capitalise AI, QuantConnect, SeerTrading, and more.

Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets. 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. Looking at the average spreads among the key Forex pairs, we have to say that Oanda is more competitive compared to worldtradex.

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. worldtradex is particularly recommended for advanced traders due to its wide variety of platform options, offering a broader selection such as MT4, Zulutrade, NinjaTrader, and a custom platform. 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. Oanda predominantly provides commission-free trading, where spreads, subject to market conditions and account types, are the main expense incurred by traders.

Is it safe to trade with worldtradex?

When choosing a broker, the most important detail is to check the broker is regulated in the country you are resident in. So, if you are in Australia, it is best the broker has ASIC regulation. Our broker reviews are reader supported and we may receive payment when you click on a partner site.

When acting as an STP Broker, worldtradex directly routes traders’ orders to liquidity providers, avoiding the role of a counterparty. 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 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.

worldtradex Vs. Oanda – Compare Trustworthiness, Capabilities, Fees and Legitimacy

worldtradex vs OANDA both offer a singular account option, inclusive of Islamic accounts. This facilitates traders who follow Sharia principles to participate in currency trading on their platforms. worldtradex operates in a dual capacity, functioning both as a Market Maker and an STP Broker.

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.

worldtradex does offer clients STP accounts, while Oanda does not offer clients STP accounts. worldtradex does offer clients Islamic accounts, while Oanda does not offer clients Islamic accounts. An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam.

Overview of worldtradex and Oanda

Oanda reviews show typical processing times of one to two business days but can be up to six business days, dependent on the geographic location of clients and their chosen withdrawal method. This can be advantageous to some traders and negative for others, depending on which instruments they trade as well as the duration of their trades. All information on 55brokers.com is only published for general information purposes.

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. Based on this data, I would argue that OANDA is the cheaper option in terms of spreads. However, it’s important to remember that spreads are just one aspect of the cost of trading. Other factors, such as commission fees and account types, can also impact the overall cost.

Which is better worldtradex or Oanda?

worldtradex, on the other hand, is regulated by two Tier 1 entities – the Australian Securities and Investment Commission and the Financial Conduct Authority. A demo account with worldtradex or Oanda is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an worldtradex and Oanda demo account. If you own an iPhone, having an IOS Apple mobile trading app with worldtradex or Oanda is essential. Likewise, if you have an android phone, it’s crucial to verify if worldtradex or Oanda broker provides an app compatible with Android devices.