Weltrade is an established online broker providing tight spreads & powerful tools.
OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.
Pros
The OANDA Trade web platform serves serious traders, with 100+ technical indicators, an economic overlay and a Dow Jones news feed
OANDA recently introduced a prop trading service, OANDA Labs Trader, offering a 75% profit share to skilled traders
The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
There are no restrictions on short-term trading strategies with scalping, hedging and netting permitted
OANDA has enhanced its suite of stocks, now providing exposure to over 2,200 US and European shares
With 68 forex pairs and access to a premium MT4 upgrade, the broker will serve active forex traders
Oversight from tier-one regulators like the FCA and ASIC makes the broker reliable and trustworthy
The $0 minimum deposit will appeal to newer traders
Spreads are tight and there are zero hidden fees
Cons
The range of payment methods trail competitors, only offering a handful vs the 10+ available at alternatives like AvaTrade
It's a shame that social and copy trading tools aren't supported for traders who want to explore other ways to trade
High-volume traders get limited fee rebates or perks compared to leading brands
Weekend customer support and extended hours trading aren't available
Awards
Best Foreign Broker 2019 - Asia Forex Expo
Best Customer Service 2017 - Forex Choice
Best Trade Executions 2015 - China FX Expo
Best Customer Service Russia 2014 - Global Financial Market Review
Best Trading Tools winner 2021 - Online Personal Wealth Awards
You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms.
Leverage
1:1000
1:30
FTSE Spread
N/A
1.0
GBPUSD Spread<
2.1
1.4
Oil Spread
7
3.0
Stocks Spread
N/A
12 (Apple Inc)
Forex
Weltrade provides leveraged trading in the highly-liquid FX market.
OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds.
Assets
37
68
GBPUSD Spread
2.1
1.4
EURUSD Spread
1.5
0.8
EURGBP Spread
2.4
0.9
Cryptocurrency
Trade crypto-only pairs and crypto coins against fiat currencies.
OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility.