Both Lime Fx and Oanda offer discount options for active or VIP traders. 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 experience OANDA differently depending limefx review on their country of residence. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com.
Account Types and Minimum Deposits
OANDA’s website also includes a thorough help center with guides, FAQs, and tutorials to assist traders. OANDA’s spreads are also competitive, with the typical spread on major currency pairs starting from 1.0 pip. However, OANDA’s spreads can fluctuate depending on market conditions, and traders can opt for tighter spreads on its Core Account, which uses a commission-based pricing model. Lime Fx also supports MetaTrader 4 (MT4), one of the most widely used trading platforms in the forex industry. MT4 is known for its ease of use, vast community support, and customizability. Lime Fx’s version of MT4 allows for automated trading via Expert Advisors (EAs) and offers a wide range of indicators and charting tools.
Still not happy have a look at some of our alternative Lime Fx Vs side by side comparisons below
OANDA Trade is a web-based platform but there are also apps for mobile devices and tablets. Oanda also has a lengthy operating history with 25 years under its belt. Oanda is known for forex and CFD trading where it also offers access to cryptocurrencies like bitcoin and Ethereum. It offers a wide breadth of forex data services including an historical currency converter and a strong API feature. Whether it’s foreign exchange (forex), shares, bonds, commodities or cryptocurrencies. The rise of online brokers and mobile trading has been a major milestone that has helped to level the playing field for investors.
Lime Fx vs OANDA
The rise of the internet has paved the way for online brokers, which in turn have given limefx individual investors the same access to global markets as institutional investors. Thanks to online brokers, traders have tools at the fingertips that can transform them from a novice into a pro. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Lime Fx and Oanda educational resources and financial research tools.
- However, the limited account types and lack of cryptocurrency trading may not be suitable for all traders’ preferences.
- The platform also offers a frequently asked questions portal and phone numbers for its regional offices.
- Both Lime Fx and OANDA offer excellent customer support and educational resources.
- OANDA is also a member of the Financial Industry Regulatory Authority (FINRA) and the NFA.
- The Lime Fx online trading platform gives traders from all over the world access to over 10,000 financial instruments, Oanda include over 4,000 available instruments.
- OANDA didn’t fare as well, with an average of 1.54 pips or a cost $14.23 per lot.
Which trading platform is better: Lime Fx or OANDA?
Although Lime Fx has fewer forex pairs to trade, we feel they deserve a higher Tradable Products score than OANDA primarily because of OANDA’s lack of shares to choose from. OANDA is no slouch with 68 forex pairs, and we note that as a positive. But again, we feel that brokers today need to offer shares trading. Lime Fx and OANDA are both market-maker brokers with identical leverage offerings.
- In other words, both brokers have what equestrians like to call “staying power.” After this many years in the biz, it is safe to say they are each fundamentally built to last.
- Oanda specialises exclusively in currency trading solutions for all trader levels.
- The only difference is that Lime Fx does not change any fees, while OANDA has a monthly inactivity fee.
- Oanda also lets you trade cryptocurrencies like bitcoin or Ethereum via CFDs on the Oanda mobile app or its platform.
- 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.
- Compare Oanda and Lime Fx in this detailed breakdown of their platforms, features and fees.
By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Lime Fx or Oanda. When trading with either Lime Fx or Oanda you will want to understand and make full use of all the risk management features on your Lime Fx or Oanda trading platforms. If you are not near your desktop computer, you will probably be near and have access to your phone and Lime Fx and Oanda mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Lime Fx or Oanda. For example, a stock might move to an all-time low when you are out.
Lime Fx’s in-house education is above average, primarily consisting of articles, videos, and content produced for its YouTube channel. The learning centre offers us two comprehensive guides and a vast library of nearly 200 articles covering topics such as trading tips, strategies, charting, and indicators. Lime Fx also offers a selection of articles broken down by experience level, catering to beginner, intermediate, and advanced traders. Should you be based in the UK, both brokers offer spread betting as an alternative to CFD trading. OANDA also supports the widely popular MetaTrader 4 (MT4) platform but has its own trading platform called OANDA Trade Web and OANDA Trade Mobile.
Lime Fx and Oanda do not have a high rating, so we recommend trading with a more reputable alternative broker. We compare Lime Fx Vs Oanda financial regulation and licensing side by side below. A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.