OANDA vs World Forex

OANDA vs World Forex Comparison Table 2023
OANDA World Forex
4.5

OANDA is #1 in our broker rankings.

4

World Forex is #5 in our binary options broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus

World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
Pros
  • Demo Account
  • MT4 integration
  • Copy trading
  • Low minimum deposit
  • Full range of investments
  • Multiple payment methods
Cons
  • Weak regulation
Awards
  • Best US Broker 2023 - DayTrading.com
  • Best Trading Tools winner
  • (Online Personal Wealth Awards 2021)
  • Awarded highest overall client satisfaction
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Awarded highest client satisfaction for mobile platform/app
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Voted Most Popular Broker 2021
  • (TradingView Broker Awards)
  • Voted Best Forex and CFD Broker 2021
  • (TradingView Broker Awards)
Promotions

World Forex Cashback Club: Earn $25 Per Lot Traded

Bonus
$5,000 welcome bonus with a deposit of $500 100% Deposit Bonus
Instruments
Forex Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account
Yes Yes
Minimum Deposit
$0 $1
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits
Minimum Trade
$0 0.01 Lots
Regulator
CFTC, NFA SVGFSA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
Yes No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
FxTrade, MT4 iOS, Android + Web Browser
Auto Trading
EAs Yes
Copy Trading
No Yes
Copy Trading Platform
Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply.
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
  • USD
  • EUR
  • RUB
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Speculate on 40+ share CFDs with high leverage and low fees.
Leverage
1:30 EU, 1:200 Global 1:1000
FTSE Spread
1.0 NA
GBPUSD Spread<
3.4 NA
Oil Spread
3.0 NA
Stocks Spread
Not offered From 0.03
Forex Trading
Take positions on major, minor and exotic currency pairs with competitive trading conditions. Take positions on a long list of forex pairs with tight spreads and low commissions.
Forex App

The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.

GBPUSD Spread
3.4 From 0.6
EURUSD Spread
1.6 From 0.6
EURGBP Spread
1.7 From 0.6
Assets
70 53
Cryptocurrency
Speculate on the world's biggest cryptos by market cap Trade on 10 cryptos paired with the USD and EUR. Crypto only pairs are also available.
Spread
$100 0
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • MATIC
  • UNI
  • AAVE
  • SOL
  • BTC
  • DSH
  • LTC
  • ETH
  • ZEC
  • XRP
  • BCH
  • XMR
  • EOS
  • NEO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered Trade American and European digital contracts with high payouts up to 100%.
Payout
100%
Expiry Times
1 minute - 7 days
Ladder Options
No No
Boundary Options
No No
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
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