If you need a STP account check they are available with Lime Fx or Oanda or alternative. If you need a Islamic account check they are available with Lime Fx or Oanda or alternative. If you need a ECN account check they are available with Lime Fx or Oanda or alternative.
OANDA: Lower Minimum Deposit
Trading costs for OANDA vs Lime Fx are very similar, Spread based Standard account offer almost the same spreads. The only difference is that Lime Fx does not change any fees, while OANDA has a monthly inactivity fee. Compare Oanda and Lime Fx in this detailed breakdown of their platforms, features and fees. In contrast, as a stp (straight through processing) forex broker, Lime Fx’s primary role is to connect buyers and sellers who wish to partake in that liquidity through trading available assets. For this reason, Lime Fx is limefx company reviews primarily going to make money on commissions and fees added to each trade order you place. However, having said that, Oanda’s customer service gets consistently fair to poor ratings across a wide range of platform reviews.
Brokers By Platforms
- Make sure you do your research and check the commission and fees with both Lime Fx and Oanda before you invest anything.
- The trading platform is essential as you can’t execute a trade without it.
- Both Lime Fx and OANDA offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).
- In contrast, as a stp (straight through processing) forex broker, Lime Fx’s primary role is to connect buyers and sellers who wish to partake in that liquidity through trading available assets.
- We do not present any investment advice or guarantees for the accuracy and reliability of the information.
- A day trader using Lime Fx or Oanda will look to open positions and close them on the same day.
- And it has versatile charting capabilities allowing users to see their graphs in full-screen mode or detached.
Oanda and Lime Fx 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. No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page. Despite both brokers being highly regulated, we found the brokers are not spotlessly clean. OANDA was fined $20,000 by the NFA in limefx company reviews 2021 and $500,000 by the CFTC for regulatory breaches in 2020. On the subject of leverage, it helps if you can reduce the risk of slippage; for this reason, execution speed can make a difference.
OANDA Account Types
It also provides education and research including popular trading tools. Lime Fx also offers trading analytics to help you improve your trading performance. And it has versatile charting capabilities allowing users to see their graphs in full-screen mode or detached.
- Lime Fx’s in-house education is above average, primarily consisting of articles, videos, and content produced for its YouTube channel.
- And it has never been banned by a major regulator like Lime Fx was.
- Trading costs for OANDA vs Lime Fx are very similar, Spread based Standard account offer almost the same spreads.
- Founded in 1999, Lime Fx quickly grew into a globally recognized broker, offering online forex and CFD trading to retail clients.
- When choosing between Lime Fx and Oanda, two well-established Forex brokers, it’s important to evaluate their features, fees, platforms, and overall offerings.
- On the other hand, OANDA’s focus on user-friendly platforms and transparent pricing makes it an excellent choice for traders seeking simplicity and flexibility.
Lime Fx: Best For Experienced Traders
Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) for engaging in deceptive practices and failing to disclose certain material information to customers. Despite this, the company continues to be well-regulated in other jurisdictions, offering traders peace of mind. Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.
Top Brokers
Users report frequent crashes and missing or slow-to-load features. Trading Station is available for use on online (web), desktop and mobile. The platform is also built to use HTLM5, which is Macintosh-friendly.
On Lime Fx, you can also access MT4 without any third-party bridges. On MT4, you can harness trading strategies such as scalping, expert advisors (EAs) and virtual private server (VPS) for no additional charge. While Oanda doesn’t require a minimum deposit amount to open an account, you can’t deposit more than 50% of your net worth. On deposits via debit card or ACH, this broker refrains from charging for your first withdrawal each calendar month.
Fees, Pricing and Commissions 💰
Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Lime Fx and Oanda, and it’s not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. In this case, Lime Fx provides their pricing with Fixed spread while OANDA offers Fixed spread. Both Oanda and Lime Fx offer different types of trading platforms, providing their traders, for example, with mobile apps for trading on the go.