OANDA offers traders a quick and convenient way to manage their finances with up-to-the-second charge/credit integrations. Depending on the type of instrument they’re trading and how long each trade lasts – this could be highly beneficial or detrimental. Lime Fx, formerly Shalish Capital Markets, has been at the forefront of foreign exchange trading since 1999. Founded in New York and later expanding to London in 2003 with a regulated office under UK’s Financial Services Authority – Lime Fx is the leading innovation for global currency markets.
What funding options does each broker offer?
In 2005, OANDA introduced the Forex Trader’s Bill of Rights to promote transparency, efficiency, and fairness in forex trading. To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. Similar to OANDA, Lime Fx provides a variety of funding options such as credit/debit cards and e-wallets. However, OANDA stands out by offering a more extensive selection of e-payment methods. Lime Fx operates under the stringent oversight of regulatory authorities in the UK, Australia, and several other international jurisdictions, which facilitates their global service offerings.
The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios. Oanda offers a broad range of trading instruments, including Forex, commodities, indices, spread betting, futures, and bonds, giving traders access to various asset classes. In conclusion, deciding the better broker eventually comes down to your consideration. 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.
Experienced traders in particular are well-served by Oanda’s research and resource offerings. Unfortunately, Lime Fx gets some points deducted for the recent performance of their apps. From the most recent user reviews for each app, it appears the company is in the midst of a number of app updates. Users report frequent crashes and missing or slow-to-load features. 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. This can be advantageous to some traders and negative for others, depending on which instruments they trade as well as the duration of their trades.
- Lime Fx and OANDA are both market-maker brokers with identical leverage offerings.
- 74.74% of retail investor accounts lose money when trading CFDs with Lime Fx.
- You can unlock the full potential of your forex trading with FX Blue Labs.
- We gave Lime Fx a Trading Platform score of 7 and OANDA a 6 because of Lime Fx’s Marketscope 2.0 charting tool.
- Have you ever been caught off guard by end-of-day rollover charges or credits?
Lime Fx Vs. Oanda – Compare Trustworthiness, Capabilities, Fees and Legitimacy
The posted support hours for phone and live chat are Sunday at 1pm to Friday at 6pm, which is a wider support window than what Lime Fx offers. Oanda’s mobile app for iOS/Apple is a hit with traders as the recent reviews will attest. Unfortunately, the same does not hold true for the Android version of the app. Recent reviews cite frequent crashes and auto-logouts that interfere with their trades.
Is Lime Fx or OANDA safer for forex and CFDs trading?
To compare the trading platforms of both Lime Fx and OANDA, we tested each broker’s trading tools, research capabilities, and mobile apps. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
For traders who appreciate advanced trading tools and quality market research, Lime Fx is a winner, especially for algorithmic trading. Its range of tradeable markets is limefx courses scam fairly narrow, however, and the pricing at Lime Fx is just average. The options can be overwhelming if you’re looking for a broker to meet your needs. Don’t worry – both of these companies have significant aspects to offer.
Typical Spreads and Fees
Trading can be daunting, but the right broker could set you on the path to success. We’ve compared two of the best brokers – Lime Fx and OANDA – so finding your perfect match is even easier. To compare OANDA vs. FOREX.com, here’s a closer look at the two powerhouse brokers. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts.
OANDA was acquired by the private equity firm CVC Capital Partners in 2018. OANDA is a market maker, meaning it quotes its bid and ask prices. Beginning traders may find Lime Fx’s learning portal less overwhelming to organize and make use of. Oanda narrowly edges out Lime Fx in this category based on the number of Tier-1 (most trusted) operating licenses the broker has obtained. 🔍 Are you looking for some alternative apps for mobile trading?
The platform is also built to use HTLM5, which is Macintosh-friendly. In 2018, Oanda was acquired by CVC Capital Partners, a private equity firm with $70+ billion in assets under its management umbrella. This further solidified Oanda’s position as a marketplace leader for the foreseeable future. Oanda made the cover of ‘Time magazine’ just one year after launching its first big product.
Each offers something different that might align with your trading style and goals. Choosing between OANDA and FOREX.com may make all the difference in your experience and success in online foreign currency trading. On the other hand, Oanda ensures traders have access to a wealth of educational resources. Through webinars, tutorials, and written content, Oanda facilitates a comprehensive learning environment, enabling traders to enhance their market knowledge and trading proficiency. However, having said that, Oanda’s customer service gets consistently fair to poor ratings across a wide range of platform reviews.
A minute can equal an eternity in a marketplace that deals in the trillions on a daily basis. Ask any gathering of retail forex traders what they most prize in an online broker platform and you will soon discover no two answers are exactly alike. 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.
In our case, though, we found that Lime Fx and OANDA provided consistent low spreads without manipulation, so you shouldn’t concern yourself if the broker has a dealing desk or not. We found that Lime Fx and OANDA are close in this category, but Lime Fx edged out OANDA. Of course, if we had chosen different currency pairs or tested on a different date, the results might have been different. For example, our tests suggest OANDA is a better choice than Lime Fx for AUD/USD (far superior) and USD/CAD currency pairs. Our broker reviews are reader supported and we may receive payment when you click on a partner site. 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.
Our research is unbiased and independent; learn more about how we test. In our analysis of 23 international regulators across 62 of limefx 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. Lime Fx is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.
