The offer is supported withOne-click trading, Trailing stop, Pending orders. In comparison, OANDA provides trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4 with the support of Pending orders. While both brokers are doing great in terms of their traders’ safety, we have to say that in this case, Oanda takes the crown – mainly because it is regulated by more entities compared to LimeFx.
Tie: Stronger Trust And Regulation
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data. The options can be overwhelming if you’re looking for a broker to meet your needs. Don’t worry – both of these companies have significant aspects to offer. 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.
What is the minimum deposit requirement for opening an account with OANDA?
What this means is that both forex brokers have seen competitors come and go…and come and go…and come and go. It says something to achieve this kind of multi-decade longevity in a field as tumultuous and risky as the forex marketplace. This powerful platform boasts advanced tools, deeper market insights, and improved charting capabilities – perfect for traders looking to level up their strategy.
What Broker is Superior For Australian Forex Traders?
For example, a trader is more likely to have his orders executed at the specified/desired price or even at a better price (positive slippage). The first model is a ‘spread only’ account where traders pay just the spread and no commission. LimeFx and Oanda offer daily market commentaries and frequent webinars to assist and educate their traders.
Special Trading Conditions
From its beginnings in 1999, LimeFx has become a recognized leader in the forex and CFD markets. Its commitment to technological excellence is evidenced by numerous awards for being at the forefront of innovation in trading services. This worldwide focus extends into their vast infrastructure that helps ensure customers always have access to premium market conditions for successful trades. As an ongoing testament to this success, LimeFx continuously moves forward with cutting-edge solutions explicitly designed with clients’ needs as a top priority. LimeFx supports trading on TradingView Pro, Trading Station, ZuluTrade and MetaTrader 4. LimeFx is behind Trading Station, an early trading platform that gave traders direct access to the forex market.
Available Markets
For MetaTrader OANDA provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LimeFx provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers. We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other. We’ve compared more than 100 variables and features so you can see the pros and cons of LimeFx and Oanda side by side.
LimeFx’s web platform features include news and an economic calendar so you can anticipate market data. It also provides education and research including popular trading tools. LimeFx 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.
- OANDA does not make use of an order book, which means that the orders placed by customers are not used to either offer or take liquidity.
- The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.
- For more options, you can explore this list of the best forex social trading platforms.
- That fee is up to 50 units of the currency in which you’re trading.
- For example, the average spread on EUR/USD on LimeFx comes out to 1.3, while on Oanda, it’s as low as 0.1.
You’ll want to be mindful about leaving positions open overnight on Oanda. This broker charges a financing cost to users at the end of each trading day for open positions. It’s calculated on a per-position basis and encompasses an administrative fee as well as the interest differential of the trade. On the other hand, Oanda ensures traders have limefx scammers access to a wealth of educational resources. Through webinars, tutorials, and written content, Oanda facilitates a comprehensive learning environment, enabling traders to enhance their market knowledge and trading proficiency. To compare the two brokers, we used their ‘spread only’ accounts and we found that their spreads were about the same.
Though he had to wait for the issue to be resolved, the rep placed an “urgent” status on the matter to expedite things across departments. Traders may choose to do social trading on LimeFx via ZuluTrade, where you can copy the trading strategies of the pros. On MT4, you can harness trading strategies such as scalping, expert advisors (EAs) and virtual private server (VPS) for no additional charge. Similar to OANDA, LimeFx provides a variety of funding options such as credit/debit cards and e-wallets. However, OANDA stands out by offering a more extensive selection of e-payment methods.
Ask any gathering of retail forex traders what they most prize in an online broker platform and you will soon discover no two answers are exactly alike. Smaller ticket retail clients can now take advantage of mini accounts to dip a toe (or few) into the forex marketplace. And all clients can now add CFD instruments to their trade portfolios.
Even a “rapid transfer” feature has customers waiting for days for their deposit to arrive with seemingly no reasonable explanation. On deposits via debit card or ACH, this broker refrains from charging for your https://limefx.name/ first withdrawal each calendar month. They also waive broker applied fees and company bank fees for premium clients. This website and its content are not intended to provide professional or financial advice.