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.

worldtradex Platforms Available 👨‍💻

While they may not be suitable for all traders, https://worldtradex.pro/ those with the necessary experience and expertise can benefit greatly from using an ECN account. 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. The saying ‘Variety is the spice of life’ holds for financial markets.

2. MetaTrader 4 (MT

OANDA maintains that it is the exclusive venue for the execution of any orders placed by its customers. The broker has also confirmed that it 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. For traders, particularly those searching for algorithmic trading solutions, worldtradex continues to be one of the most competitive alternatives available. Clients are given access to high-calibre research via worldtradex Plus, and novice traders are given access to informative teaching material.

3. TradingView Integration

• Oanda is a great option for traders who value wide asset variety, superior market research, and MT5 support.
• Both brokers also facilitate price alerts and trendline tools, allowing traders to stay informed and perform technical analysis.
• But then again, Oanda requires an initial minimum of just $50 to fund a live trading account, while worldtradex requires a $300 minimum to fund the same.
• 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.
• 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.

Both brokers offer strong research and educational tools, though Oanda has a slight edge in market research. However, we know that in 2017, worldtradex was fined $7 million by the U.S. Commodity Futures Trading Commission for defrauding its retail clients.

Features

Both brokers are competitive, but we really like worldtradex’s superior trading tools, segregated client accounts, and enhanced trade execution. A notable difference between worldtradex and Oanda is that clients of worldtradex have segregated trading accounts while clients of Oanda do not. The FCA , by which worldtradex is regulated, requires worldtradex to ensure a clear segregation between money belonging to retail clients and money that belongs to itself. The funds are kept safe by top global banks and cannot be used to reimburse creditors in the unlikely case of worldtradex going bankrupt or insolvent.

worldtradex Spreads

OANDA uses Secure Sockets Layer (SSL) encryptions on its trading platforms and websites to protect its customers from hackers and other cybercriminals. Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

• A minute can equal an eternity in a marketplace that deals in the trillions on a daily basis.
• This account is best suited for high-frequency traders who prioritize execution speed and cost efficiency.
• Both brokers offer strong research and educational tools, though Oanda has a slight edge in market research.
• For more information on the Best Forex Brokers In UK, you can visit this comprehensive list of the Best Forex Brokers In UK.
• Looking at the average standard account spreads for the forex pairs, we can see some interesting patterns.
• When you deposit money to a broker like worldtradex or Oanda you might need to pay deposit fees.
• OANDA provides a free demo account with virtual funds, allowing traders to test the platform and practice their trading strategies before committing real money.

This broker charges a financing cost to users at the end of each trading day for open positions. It’s calculated on a per-position basis and encompasses an administrative fee as well as the interest differential of the trade. Trading costs for OANDA vs worldtradex are very similar, Spread based Standard account offer almost the same spreads. The only difference is that worldtradex does not change any fees, while OANDA has a monthly inactivity fee.