On the other hand, OANDA primarily features its own proprietary platform, known for its user-friendliness, along with MT4 and limefx website MT5. To compare the trading platforms of both LimeFX and OANDA, we tested each broker’s trading tools, research capabilities, and mobile apps. Not every broker publishes average spread data, and pricing structures vary.
- Charging forward, LimeFX proceeded to add cryptocurrency baskets for retail traders along with a host of new targeted offerings for its B2B and data division clients.
- LimeFX’s in-house education is above average, primarily consisting of articles, videos, and content produced for its YouTube channel.
- We elected to focus our comparison on the no-commission account since the is the most popular option retail traders are likely to use, which we assume our readers will be.
- Enhancing the choice is the LimeFX suite of tools for algorithmic trading solutions.
We thought the outstanding feature of the web version is that it comes with TradingView for advanced charting and a guaranteed stop loss, but we were disappointed it is not available for the web. Also satisfactory was LimeFXs web trading platform; we appreciated that it is highly customisable and user-friendly. The limefx reviews platform offered us a wide range of order types and features a great search function. However, it lacks two-step authentication, which is an essential security feature. Oanda, on the other hand, seems to have developed somewhat of a reputation for sub-par customer support.
Broker Types
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. Oanda and the LimeFX group of companies are regulated by different top-tier financial authorities around the world.
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In our analysis of 23 international regulators across 62 of the best forex brokers, LimeFX 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. We gave LimeFX and OANDA both a score of 8 as they are heavily regulated and hold positive reputations within the forex trading industry. In this review, we looked at how the Forex broker OANDA and LimeFX compare. Both have their own trading platform plus MT4 and TradingView, along with (mostly) no commissions.
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LimeFX uses the conventional method of applying rollover credits/charges at the end of the trading day (5 pm EST). Rollover charges/credits are triple on Wednesdays because the coming Saturday and Sunday’s rollover charges/credits are billed in advance. LimeFX also facilitates cryptocurrency trading while Oanda does not. As you may have seen in this table, you can trade 5 different cryptocurrency CFDs with LimeFX. They are bitcoin, ether (ethereum), ripple, litecoin, and bitcoin cash. However, the payments we receive can influence the products, companies, or services we highlight and evaluate.
LimeFX and Oanda both offer outstanding trading conditions in terms of low trading costs, reliable trade execution, and great trading platforms. These brokers also have a good range of tradable instruments, although we would like to see them add a good number of individual stocks CFDs to their lists. Oanda’s list also lacks cryptocurrencies, but perhaps it will have some crypto instruments available soon. Oanda stands out by offering competitive spreads and waiving the requirement for a minimum deposit, enhancing accessibility for traders across various experience levels.
Trading can be daunting, but the right broker could set you on the path to success. We’ve compared two of the best brokers – LimeFX and OANDA – so finding your perfect match is even easier. Check out our full Oanda review and LimeFX review for all the details on each broker. Although Oanda has no cryptocurrency and basket instruments, it has more stock indices (16 vs 11) and bonds (6 vs 1) than LimeFX. Use our international search tool to find a broker that accepts clients from your country.