Compare forex brokers 4xCube VS Oanda

If you're choosing between 4xCube and Oanda forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is 4xCube better than Oanda? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

4XCUBE VS OANDA

4xCube
4xCube Overview

4xCube is a social and CFD trading retail forex broker established in 2018. This Company offers online trading in more than 60 currency pairs, precious metals, cryptocurrency, commodities, and various other CFDs. The company has a licensed from FSC (Financial Supervisory Commission) of Cook Island.

OANDA
OANDA Overview

OANDA is one of the early pioneers of online forex brokers, established in the mid-1990s. The company is said to be founded by Dr. Michael Stumm and Dr. Richard Olsen. When the online trading platform FXTrade was launched in 2001, it was the first fully automated forex trading platform.

# Broker's Features 4XCUBE Availability OANDA Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare 4xCube vs Oanda.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. 4xCube offers Online Financial Trading and Investment Services Such as N/A, while Oanda offers N/A.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. 4xCube is STP, ECN, while Oanda is Market Maker, No dealing desk.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. 4xCube recommended minimum capital is N/A, while Oanda has a Minimum Deposit Requirement of .

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. 4xCube is regulated by FSC, while Oanda regulated by CFTC, DFSA, FSA, IIROC, MAS, NFA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. 4xCube offers EUR, USD, GBP, NGN different account currencies for each account types, while Oanda offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. 4xCube offers English, Portuguese, Spanish, Arabic, Chinese, while Oanda offers Chinese, English, French, German, Japanese, Korean Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. 4xCube offers Bank Transfer, 2 pAy 4 you, Visa, Skrill, Neteller different payment methods for each account types, while Oanda offers Credit/Debit Cards, PayPal, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, 4xCube makes MT4, Zulutrade available to clients, while Oanda offers MT4, Oanda fxTrade.

The Verdict: 4xCube or Oanda?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Oanda is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Oanda broker is regulated in more major hubs. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Oanda has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Oanda may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

What We Really Like on Oanda

Oanda offers a great and easy-to-use web trading platform. It has a user-friendly and fully digital account opening with no minimum account balance. It has also powerful research tools, e.g. it has a great API offer.

What We’d Like More on Oanda

Oanda has a limited product portfolio as it offers only forex CFDs. The customer support has a lot to improve as it is slow and provides irrelevant. The money withdrawal can be pricey.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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