Conversely, Lime Fx presents a wide spectrum of markets and instruments, paired with low floating spreads, to cater to a multitude of trading strategies. This flexibility makes Lime Fx an attractive option for both beginner and experienced traders alike. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Lime Fx offers better pricing overall for traders. When comparing Lime Fx and Oanda, both brokers offer competitive advantages in their respective areas.
Lime Fx: Superior Customer Service
If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more limefx options on trading instruments. It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
Could I use a third-party payments platform to deposit onto Lime Fx?
MT4 on Oanda offers tailored layouts, plug-ins and an easy-to-navigate interface. 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 overall choice is superior at Lime Fx, where traders may select between the retail-favorite MT4, its proprietary Trading Station, and the social trading market leader ZuluTrade.
- However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
- To verify the availability of any features within your country of residence, please contact the broker directly.
- Lime Fx supports trading on TradingView Pro, Trading Station, ZuluTrade and MetaTrader 4.
- Lime Fx also facilitates cryptocurrency trading while Oanda does not.
Oanda offers a broad range of trading instruments, including Forex, commodities, indices, spread betting, futures, and bonds, giving traders access to various asset classes. To compare the trading platforms of both Lime Fx and OANDA, we tested each broker’s trading tools, research capabilities, and mobile apps. Oanda stands out by offering competitive spreads and waiving the requirement for a minimum deposit, enhancing accessibility for traders across various experience levels.
We gave Lime Fx a Trading Platform score of 7 and OANDA a 6 because of Lime Fx’s Marketscope 2.0 charting tool. OANDA also supports the widely popular MetaTrader 4 (MT4) platform but has its own trading platform called OANDA Trade Web and OANDA Trade Mobile. 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.
OANDA: Lower Minimum Deposit
We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners. Although Oanda has no cryptocurrency and basket instruments, it has more stock indices (16 vs 11) and bonds (6 vs 1) than Lime Fx. Although Lime Fx has fewer instruments than Oanda, it has a very good variety. Use our international search tool to find a broker that accepts clients from your country. When choosing a broker, the most important detail is to check the broker is regulated in the country you are resident in.
In our analysis of 23 international regulators across 62 of the best forex brokers, Lime Fx is considered Highly Trusted, with an overall Trust Score of 95 out of 99. OANDA is considered Highly Trusted, with an overall Trust Score of 93 out of 99. OANDA is better suited for beginner traders due to its lower minimum deposit and more straightforward account features. Based on our analysis, Lime Fx offers a slightly more comprehensive customer service experience, particularly with its educational webinars and in-depth responses.
So Is OANDA or Lime Fx The Best Broker?
Both brokers also have really good client support systems in place. Oanda’s support team is available 24/6 while Lime Fx’s is available 24/5. We know what that’s like….and that’s why we’re giving you the bottom line at the top limefx of this page.
That fee is up to 50 units of the currency in which you’re trading. Also, it helps to know that the minimum amount to open an account on Lime Fx is $50. As well, both market makers and stp brokers provide a valuable service to the greater forex and trading marketplace. But they fulfill very different roles and thus their inherent business structure will reflect each company’s unique role and purpose. The one notable downside here is the lack of social trading tools.
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. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.
We gave Lime Fx and OANDA both a score of 8 as they are heavily regulated and hold positive reputations within the forex trading industry. On the subject of leverage, it helps if you can reduce the risk of slippage; for this reason, execution speed can make a difference. 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. StockHax strives to provide unbiased and reliable information on cryptocurrency, finance, trading, and stocks.
Broker Types
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Forex traders also appreciate the ability to engage in social copy trading. We’ve made it easy to compare the best forex brokers, side-by-side. Our research is unbiased and independent; learn more about how we test. When it comes to funding options, both OANDA and Lime Fx offer a variety of methods to suit different trader needs.