Users also have the convenience to access TradingView Live Trading Integration with Lime Fx to trade directly from your TradingView charts. Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.
Based on this data, I would argue that OANDA is the cheaper option in terms of spreads. However, it’s important to remember that spreads are just one aspect of the cost of trading. Other factors, such as commission fees and account types, can also impact the overall cost.
Oanda Customer Service and Support ☎
The company is known for its responsive customer support, and it offers several languages for non-English-speaking clients. 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. OANDA’s Standard Account provides access to the broker’s full range of trading instruments.
Lime Fx Fees
Desktop Platforms were equally acceptable for both Lime Fx and OANDA. Lime Fx desktop version stood out more because of their Trading Station. For us, one of its main highlights is the Marketscope 2.0 charting tool, which offers powerful charting capabilities that run parallel to the main platform window. Trading Station is a strong competitor to MetaTrader and features complex back-testing options, such as accounting for potential historical slippage and trading costs. Lime Fx offers its proprietary Trading Station platform, MetaTrader 4, and TradingView. These platforms support algorithmic trading and provide advanced charting tools.
Among them, in 2015, Lime Fx found itself short on cash after the Swiss National Bank suddenly decided to lift a cap it had on the Swiss franc at the time. As a result, customers ended up with negative balances, causing the broker’s equity balance to come up short by hundreds of millions of dollars. Customers who have had a positive experience have praised Lime Fx’s instructions for opening an MT4 trading platform account. Users have also walked away pleased with Lime Fx’s chat feature, which they described as “awesome.” This particular user noted that the representative knew their stuff. 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 Lime Fx via ZuluTrade, where you can copy the trading strategies of the pros.
Lime Fx Vs Oanda Mobile Trading
- The account comes with variable spreads and the ability to trade on OANDA’s proprietary platform or third-party platforms like MT4 and MT5.
- Neither broker supports social trading, however, it is still possible by using MetaTrader’s Trading Signals, to have the ability to copy trades of successful traders.
- The funds are kept safe by top global banks and cannot be used to reimburse creditors in the unlikely case of Lime Fx going bankrupt or insolvent.
- If you can overlook the somewhat scattershot organization of Oanda’s educational tools, overall you will find a comprehensive suite of resources from which to do your own research.
- In the U.K., accounts with a $25,000 balance and a $50 million monthly volume can enjoy further commission reductions, bringing the effective spread to 0.78 pips.
The latter is better for retail clients because the matching algorithm always displays the best bid and ask prices from a multitude of different liquidity providers). Oanda and the Lime Fx group of companies are regulated by different top-tier financial authorities around the world. A major difference, however, is that traders from the United States are not eligible to apply for a live trading account with Lime Fx, while Oanda’s services are available to U.S. residents.
OANDA provides a free demo account with virtual funds, allowing traders to test the platform and practice their trading strategies before committing real money. For traders who are more focused on advanced technical analysis and futures trading, Lime Fx also offers NinjaTrader. This platform is particularly suited for active traders who require advanced charting and automated trading systems.
- OANDA has a lower minimum deposit requirement of $0 vs $50 from Lime Fx.
- The price that traders pay is the spread, which is the difference between the ask and the bid price of the security being traded.
- Meanwhile, Lime Fx follows closely with a solid 4.5-star research rating and an eleventh-place ranking.
- We tested the Execution Speeds of Lime Fx and found they have an average execution speed of 108 ms for Limit Orders and 123 ms for Market Orders.
- There are over 220,000+ registered customers that have taken advantage of the Lime Fx platform.
- Oanda and the Lime Fx group of companies are regulated by different top-tier financial authorities around the world.
Lime Fx Vs Lime Fx Compare 2025: Which is better broker? Fees? Safety and more
OANDA payment methods are better presented, Lime Fx supporting only Cards, Bank transfer and Skrill as payment methods. Both brokers provide fast money transfers and charges no additional fees for deposits or withdrawals. Some of you might be thinking about what we mean when we say ‘trading style’.
Interestingly, Lime Fx is ranked higher at #14 for education by ForexBrokers.com compared to OANDA’s rank at #22 out of 62 brokers. Whether you’re just starting or looking to expand your expertise, both brokers provide valuable educational materials to aid in your trading endeavors. Both OANDA and Lime Fx have features catering to different trading needs and strategies, and understanding these nuances can help traders choose a platform that aligns best with their financial goals. OANDA Trade is a web-based platform but there are also apps for mobile devices and tablets. Lime Fx’s web platform features include news and an economic calendar so you can anticipate market data.
Most of the forex trading occurs on major currency pairs such as EUR/USD, USD/JPY, GBP/USD, USD/CHF. These pairs offer the most liquidity and therefore spreads are considered tight. However, Lime Fx also offers other forex currency pairs for traders to access. However, there’s a trend sweeping the industry of zero-commission trading, leaving many trading platforms to make money from the spread between two instruments.
However, its limited product offerings and lack of cryptocurrency trading may not cater to all traders’ needs. Lime Fx, or Forex Capital Markets, is a popular online forex and CFD trading platform that caters to traders worldwide. With a reputation for offering competitive spreads and a robust trading platform. This module, we will explore the pros and cons of Lime Fx for a trader looking to open an account, as well as the regulatory https://limefx.group/ information pertaining to this broker. In conclusion, deciding the better broker eventually comes down to your consideration.
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. As traders, we desire as many base currencies as possible and a sufficient range of leverage. Both are closely matched, but we chose Lime Fx as our favoured broker in the Trading Experience category, so we gave them a score of 7 and OANDA a 6. A market maker facilitates the process required to provide liquidity for trading pairs on centralised exchanges. In the forex industry, market makers often have limefx scam a bad reputation because some brokers display worse bid/ask prices than ECN brokers.
When choosing between OANDA and Lime Fx for your online trading needs, both brokers provide a range of user-friendly platforms and tools that cater to various trading styles. Both OANDA and Lime Fx offer free virtual demo accounts, which is great for beginners looking to practice their strategies. They also have proprietary platforms developed in-house, while each supports popular platforms like MetaTrader 4 (MT4). However, only OANDA supports MetaTrader 5 (MT5), making it a slightly more versatile option in that regard.
