LimeFX vs. oanda

One year after LimeFX began its long descent into scandal, Oanda released what is still a seminal manifesto in the forex marketplace, the Forex Trader’s Bill of Rights. The OANDA subsidiary with whom a client contracts depends on their country of residence. Each subsidiary provides different products via different platforms, so clients will limefx forex brokers reviews experience OANDA differently depending on their country of residence.

LimeFX vs. oanda

LimeFX: Top Product Range And CFD Markets

In our case, though, we found that LimeFX and OANDA provided consistent low spreads without manipulation, so you shouldn’t concern yourself if the broker has a dealing desk or not. We found that LimeFX and OANDA are close in this category, but LimeFX edged out OANDA. Of course, if we had chosen different currency pairs or tested on a different date, the results might have been different. For example, our tests suggest OANDA is a better choice than LimeFX for AUD/USD (far superior) and USD/CAD currency pairs. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Beginning traders may find LimeFX’s learning portal less overwhelming to organize and make use of.

Trading Tools

Conversely, LimeFX presents a wide spectrum of markets and instruments, paired with low floating spreads, to cater to a multitude of trading strategies. This flexibility makes LimeFX an attractive option for both beginner and experienced traders alike. Oanda offers a broad range of trading instruments, including Forex, commodities, indices, spread betting, futures, and limefx forex brokers reviews bonds, giving traders access to various asset classes. LimeFX also provides an extensive selection of trading instruments, covering Forex, indices, commodities, cryptocurrencies, and spread betting, offering a comprehensive choice of markets to trade. When it comes to customer service, both OANDA and LimeFX have their merits.

OANDA: Lower Minimum Deposit

  1. Based on our research on the regulatory status of over 60 brokers, we’ve found that OANDA holds 7 global Tier-1 licenses, while LimeFX holds 4.
  2. Oanda is an international Forex broker founded in 1996 with headquarters in the United States.
  3. If you’re keen on using MT4, you might want to check out this list of the best MT4 brokers.
  4. And for big ticket forex traders, LimeFX makes its virtual private server (VPS) network available gratis.

For more information on the Best Forex Brokers In UK, you can visit this comprehensive list of the Best Forex Brokers In UK. LimeFX is the better choice for experienced traders, offering a superior trading platform and a wider range of products. Looking at the average standard account spreads for the forex pairs, we can see some interesting patterns. For the EUR/USD pair, LimeFX has an average spread of 1.3, while OANDA has a slightly lower spread of 1.2. This trend continues across the other forex pairs, with OANDA consistently offering slightly lower spreads than LimeFX.

Brokers By Licenses

In a typical trading day across all markets – from EUR/USD and beyond – their spreads were identical, with each around 1.2 pips; that’s pretty good news for investors. And if you’ve got an extra-large account or are willing to commit to some severe monthly turnovers (LimeFX), these guys have even more attractive offers tailored specifically for you. 74.74% of retail investor accounts lose money when trading CFDs with LimeFX. LimeFX 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.

Today, the “clean up LimeFX’s reputation” project is going as well as can be expected, considering they are still not able to accept United States traders. They are now based out of London, UK (and thankfully well on the road to recovering their reputation as an online broker who can once again be trusted). Oanda and LimeFX are both market maker/ECN hybrids, meaning that both have at least one commission-free account type with a dealing desk, usually a sophisticated electronic one. 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. There’s a remarkable difference between LimeFX and Oanda when it comes to the way they apply rollover charges and credits.

You’ll need to analyze what platform or products are right for you before deciding which is best suited. Once you’ve made up your mind, rest assured that both brokers provide excellent service – whichever route you choose won’t disappoint. TradingView is your go-to source for all the latest trading and investing news. Access live stream quotes, graphs, and helpful insights from experienced traders. Plus, you can practice with a demo account until you’re ready to take on real markets.

Both LimeFX and Oanda offer discount options for active or VIP traders. Each trader comes to the forex marketplace with their own individual needs, preferences and goals. Fintech-Insight is dedicated to delivering unbiased and dependable insights into cryptocurrency, finance, trading, and stocks. However, we must clarify that we don’t offer financial advice, and we strongly recommend users to perform their own research and due diligence. When trading with LimeFX and OANDA, you can trust that your personal and financial information is handled securely.