You’ll want to be mindful about leaving positions open overnight on Oanda. This broker charges a financing cost to users at the end of each trading day for open positions. It’s calculated on a per-position basis and encompasses an administrative fee as well as the interest differential of the trade. The Oanda broker's analytical section offers many tools that help traders make informed decisions. With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
We do not present any investment advice or guarantees for the accuracy and reliability of the information. As you may have seen in this table, you can https://limefx.club/ trade 5 different cryptocurrency CFDs with Lime Fx. They are bitcoin, ether (ethereum), ripple, litecoin, and bitcoin cash. 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. Our broker reviews are reader supported and we may receive payment when you click on a partner site. 50 units of the account's base currency yearly after 1 year of inactivity.
- But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms.
- For instance, while standard account spreads on the EUR/USD averaged 0.78 pips in the EU, U.K., and Australia, its commission-based accounts offer spreads as low as 0.28 pips, excluding commissions.
- Despite both brokers being highly regulated, we found the brokers are not spotlessly clean.
- Oanda is also a market maker, as opposed to Lime Fx which is an enhanced execution broker.
They also waive broker applied fees and company bank fees for premium clients. In this article, we will limefx compare two of the leading online brokers — Forex Capital Markets (Lime Fx) vs. Oanda. This website and its content are not intended to provide professional or financial advice.
- Both Lime Fx and Oanda offer discount options for active or VIP traders.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- In this head to head comparison of OANDA vs Lime Fx, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more.
- Lime Fx, on the other hand, provides a similar level of support but stands out with its educational webinars and market analysis updates.
- These apps provide access to the same features as the web-based platform and are ideal on the go.
A Forex Tour?
However, the limited account types and lack of cryptocurrency trading may not be suitable for all traders’ preferences. Oanda is another well-established online broker offering forex and CFD trading services to traders worldwide. Known for its transparent pricing, intuitive trading platform, and strong regulatory standing, Oanda has gained a reputation as a trusted broker in the industry.
ActivTrades vs IC Markets
Click here for a full list of our partners and an in-depth explanation on how we get paid. Copyright © 2025 Forex BrokeragesCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This website is for informational purposes only and should not be considered advice. Both brokers are known for offering competitive spreads, although there may be slight differences between the two.
Compare Lime Fx Vs OANDA: Which is the Better Forex Broker in 2025?
For example, OANDA has an average spread for EUR/USD at 1.2, while Lime Fx’s is slightly higher at 1.3. For more information on low-cost trading, you can visit this comprehensive Lowest Commission Brokers. When it comes to customer service, both OANDA and Lime Fx have their merits. OANDA offers 24/5 customer support through live chat, email, and phone, catering to traders around the globe.
Trading Platforms and Technology
Lime Fx offers comprehensive analytical tools, from trading signals to expert research. These resources not only simplify trading decisions but also help to improve strategy. Oanda provides various trading accounts, but some specialized types are missing. Oanda, on the other hand, seems to have developed somewhat of a reputation for sub-par customer support. Surveys show the platform rates just above average across the board in this area. Experienced traders in particular are well-served by Oanda’s research and resource offerings.
Both are closely matched, but we chose Lime Fx as our favoured broker in the Trading Experience category, so we gave them a score of 7 and OANDA a 6. A market maker facilitates the process required to provide liquidity for trading pairs on centralised exchanges. In the forex industry, market makers often have a bad reputation because some brokers display worse bid/ask prices than ECN brokers.
Lime Fx's technical support is highly rated for its variety of communication channels and quick response. Customer reviews confirm the professionalism and efficiency of the staff. Lime Fx is a well-regulated broker with numerous licenses from various global organizations. By taking this extra step to do your research and due diligence, you will be in a much better position to select a broker that is affordable, intuitive and optimized for your trading needs and goals.
Beginners will find educational materials and helpful analytics, while experienced traders will appreciate various instruments and flexible platforms. Some forex traders prefer to trade through market makers, while others prefer to trade through intermediary brokers. Personal preference aside, the important takeaway here is that there is no one “right” or “wrong” choice of where to trade forex. 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.
How long does it take to withdraw from Oanda and Lime Fx?
For instance, while standard account spreads on the EUR/USD averaged 0.78 pips in the EU, U.K., and Australia, its commission-based accounts offer spreads as low as 0.28 pips, excluding commissions. Commissions are added to this, leading to an effective spread around 0.74 pips. Lime Fx also features the Active Trader Rebate Program, which provides discounts ranging from $5 to $25 per million traded, contingent on trade volume. In the U.K., accounts with a $25,000 balance and a $50 million monthly volume can enjoy further commission reductions, bringing the effective spread to 0.78 pips. Lime Fx is rated 4 out of 5 stars and ranks #24 in the Commissions and Fees category by ForexBrokers.com.
Therefore, while OANDA may have lower spreads, this does not necessarily mean it is the cheaper option overall. However, when we compare these spreads to the industry average, we find that both Lime Fx and OANDA are offering competitive rates. For example, the industry average spread for the EUR/USD pair is 1.25, which is higher than OANDA’s spread and only slightly lower than Lime Fx’s. The below table shows our test results for the no commission, standard account spreads for each broker.
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. We gave Lime Fx a Trading Platform score of 7 and OANDA a 6 because of Lime Fx’s Marketscope 2.0 charting tool. After testing 62 of the best forex brokers, our research and account testing finds that OANDA is better than Lime Fx.
With its advanced trading platform, educational resources, and strong regulatory framework. However, its limited product offerings and lack of cryptocurrency trading may not cater to all traders’ needs. Lime Fx, or Forex Capital Markets, is a popular online forex and CFD trading platform that caters to traders worldwide. With a reputation for offering competitive spreads and a robust trading platform. This module, we will explore the pros and cons of Lime Fx for a trader looking to open an account, as well as the regulatory information pertaining to this broker. In conclusion, deciding the better broker eventually comes down to your consideration.
In addition to its own platforms, OANDA integrates with TradingView, a popular charting and social trading platform. This allows OANDA clients to access advanced charting features, social trading capabilities, and a broader trading community. For traders who are more focused on advanced technical analysis and futures trading, Lime Fx also offers NinjaTrader. This platform is particularly suited for active traders who require advanced charting and automated trading systems. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia.
OANDA Trade is a web-based platform but there are also apps for mobile devices and tablets. Lime Fx provides news updates on markets like forex and cryptocurrencies as well as market data and other forex and CFD resources plus investment insights. This broker offers a trio of APIs (fix, java and forex) that connect directly to its server.
