Oanda vs LimeFX: Which Should You Choose in 2024?

OANDA provides the convenience of multiple payment options, including credit/debit cards, bank transfers, and PayPal. LimeFX, on the other hand, also accepts credit/debit cards and bank transfers but adds the option of Skrill for traders who prefer e-wallets. In Australia, LimeFX doesn’t have this type of account, but they do have such an account for their clients in the UK, and it’s called their active trader account. This account has tiered commissions and is best for high-volume traders. The below table shows our test results limefx broker reviews for the no commission, standard account spreads for each broker.

Available Markets

We tested the Execution Speeds of LimeFX and found they have an average execution speed of 108 ms for Limit Orders and 123 ms for Market Orders. We gave LimeFX a Trading Platform score of 7 and OANDA a 6 because of LimeFX’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. 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. 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.

We’ve compared more than 100 variables and features so you can see the pros and cons of LimeFX and Oanda side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.Scroll the whole post below, or use limefx the quick menu to jump to the relevant section. Our automated aggregation service scans hundreds of media sources, as well as blogs and social networks, to deliver live and objective news coverage without editorial control. Easily access OANDA’s MetaTrader 4 web platform from your Mac without any Windows installations. Plus, stay in the loop with push notifications sent directly to your MT4 mobile app, including updates from the MQL5 community. Get ultimate control of your trades when you set Stop Loss and Take Profit orders before executing them.

LimeFX vs OANDA 2024

Founded in New York and later expanding to London in 2003 with a regulated office under UK’s Financial Services Authority – LimeFX is the leading innovation for global currency markets. LimeFX, formerly known as Forex Capital Markets, is a London-based retail broker that enables people to speculate on the foreign exchange market. With LimeFX, you can trade in contracts for difference (CFDs) across major indices and commodities such as gold and crude oil – opening up new possibilities when dealing with currencies. In conclusion, whether you choose Oanda or LimeFX, you’re in good hands. Remember, the best broker is the one that fits your trading style and goals.

LimeFX vs OANDA

Oanda offers a broad range of trading instruments, including Forex, commodities, indices, spread betting, futures, and bonds, giving traders access to various asset classes. LimeFX also provides an extensive selection of trading instruments, covering Forex, indices, commodities, cryptocurrencies, and spread betting, offering a comprehensive choice of markets to trade. LimeFX is particularly recommended for advanced traders due to its wide variety of platform options, offering a broader selection such as MT4, Zulutrade, NinjaTrader, and a custom platform.

1. A trusted global brand, OANDA stands out for its reputation and quality market research.
2. The broker provides a seamless experience with additional plugins and a user-friendly interface.
3. 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.
4. It’s important to make sure that your forex broker accepts the funding options and deposit methods that work best for you.

Special Trading Conditions

For example, during a typical trading day, their spreads on the EUR/USD were found to be in the region of 1.2 pips, which is quite decent. Both brokers use floating spreads, which means that their spreads vary frequently. When it comes to trading tools, LimeFX has more to offer than Oanda.

For this exercise, we tested 6 major currency pairs over a 24-hour period (AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF and USD/JPY) and then averaged the spread across the currency pairs. Have you ever been caught off guard by end-of-day rollover charges or credits? Well, LimeFX and OANDA are two currency brokers taking different approaches. With LimeFX, they use the conventional method of applying these fees at 5 pm EST daily – with a triple charge on Wednesdays due to weekend adjustments in advance. LimeFX is also a solid choice, especially if you’re interested in social trading or plan to trade in large volumes. Both brokers have their strengths, and either could be a good fit depending on your specific needs.

 144 total views,  2 views today