Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms. This powerful platform boasts advanced tools, deeper market insights, and improved charting capabilities – perfect for traders looking to level up their strategy. Both brokers are competitive, but we really like LimeFX’s superior trading tools, segregated client accounts, and enhanced trade execution. Unlike LimeFX, Oanda does not keep its clients’ funds in segregated accounts, which is a concern. Oanda is also a market maker, as opposed to LimeFX which is an enhanced execution broker.
Use our international search tool to find a broker that accepts clients from your country. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices. When choosing a broker, the most important detail is to check the broker is regulated in the country you are resident in. So, if you are in Australia, it is best the broker has ASIC regulation.
The first model is a ‘spread only’ account where traders pay just limefx review the spread and no commission. LimeFX also offers a paid programming service to clients interested in automating their trading strategies. OANDA payment methods are better presented, LimeFX 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. Similar to OANDA, LimeFX provides a variety of funding options such as credit/debit cards and e-wallets.
LimeFX vs OANDA both offer a singular account option, inclusive of Islamic accounts. This facilitates traders who follow Sharia principles to participate in currency trading on their platforms. Based on our research on the regulatory status of over 60 brokers, we’ve found that OANDA holds 7 global Tier-1 licenses, while LimeFX holds 4.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering. 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. 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. Also satisfactory was LimeFXs web trading platform; we appreciated that it is highly customisable and user-friendly.
Our broker reviews are reader supported and we may receive payment when you click on a partner site. Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency). 50 units of the account’s base currency yearly after 1 year of inactivity. Our automated aggregation service scans hundreds of media sources, as well as blogs and social networks, to limefx courses scam deliver live and objective news coverage without editorial control. 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.
Unlike OANDA, LimeFX has a fixed minimum deposit amount for its traders. On the other hand, LimeFX flipped the score by offering 7 cryptocurrencies versus OANDA’s 4. In today’s markets, we find the more cryptos to trade, the better because there is a growing demand for crypto trading. OANDA offers a more flexible and accessible range of account types, especially for beginners and those looking for fixed commissions. We gave LimeFX a Trading Platform score of 7 and OANDA a 6 because of LimeFX’s Marketscope 2.0 charting tool.
This trend continues across the other forex pairs, with OANDA consistently offering slightly lower spreads than LimeFX. However, traders can still choose their ideal brokers by the type of their spreads. The pros and cons between the two spreads can vary for every trader. In this case, OANDA provides their pricing with Fixed spread while LimeFX offers Fixed spread. There is an obvious advantage for LimeFX for offering at least 4 different trading platforms to its traders, while OANDA’s offer is limited to MT4 and proprietary platform. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia.
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