LimeFX vs OANDA Review: In-Depth Comparison 2024 Update

Both are closely matched, but we chose LimeFX as our favoured broker in the Trading Experience category, so we gave them a score of 7 and OANDA a 6. They have dedicated teams in multiple regions to ensure customer support can be provided in the trader’s native language. Plus, there are plenty of self-service resources via their websites, e.g., FAQs and tutorials. This powerful platform boasts advanced tools, deeper market insights, and improved charting capabilities – perfect for traders looking to level up their strategy. Unlike LimeFX, Oanda does not keep its clients’ funds in segregated accounts, which is a concern.

Although LimeFX has fewer forex pairs to trade, we feel they deserve a higher Tradable Products score than OANDA primarily because of OANDA’s lack of shares to choose from. OANDA is no slouch with 68 forex pairs, and we note that as a positive. But again, we feel that brokers today need to offer shares trading. LimeFX and OANDA are both market-maker brokers with identical leverage offerings. As traders, we desire as many base currencies as possible and a sufficient range of leverage.

Does OANDA or LimeFX Have Lower Costs?

Its range of tradeable markets is fairly narrow, however, and the pricing at LimeFX is just average. We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. Spread betting with LimeFX is available for UK residents and provides a tax-efficient way to trade. For more details on spread betting, you can check out this comprehensive guide for the best spread betting brokers.

Account Types

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1. LimeFX is the better choice for experienced traders, offering a superior trading platform and a wider range of products.
2. Depending on the type of instrument they’re trading and how long each trade lasts – this could be highly beneficial or detrimental.
3. Once you upgrade today, you get access to world-class tools that can help you make smarter decisions while managing risks more effectively.
4. Use AutoChartist’s technical analysis for your MT4 or MT5 platforms, or access it through MetaTrader with a simple web-based interface.

No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page. In our case, though, we found that LimeFX 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 LimeFX and OANDA are close in this category, but LimeFX edged out OANDA. All in all, the two brokers are a solid choice regardless of which one you decide to go with. And if you want to learn more about either of them, check out our more detailed LimeFX and Oanda reviews. As far as pricing goes and which of the Forex trading providers does better in this regard, there are a few things that you should take into account.

Deposit and Withdrawal

When it comes to customer service, both OANDA and LimeFX have their merits. OANDA offers 24/5 customer support through live chat, email, and phone, catering to traders around the globe. LimeFX, on the other hand, provides a similar level of support but stands out with its educational webinars and market analysis updates. Both Oanda and LimeFX offer different types of trading platforms, providing their traders, for example, with mobile apps for trading on the go. They also have quite an extensive collection of educational tools, which can be especially beneficial for beginning traders.

Oanda is also a market maker, as opposed to LimeFX which is an enhanced execution broker. The latter is better for retail clients because the matching algorithm always displays the best bid and ask prices from a multitude of different liquidity providers). A notable difference between LimeFX and Oanda is that clients of LimeFX have segregated trading accounts while clients of Oanda limefx do not.

You’ll need to analyze what platform or products are right for you before deciding which is best suited. Once you’ve made up your mind, rest assured that both brokers provide excellent limefx website service – whichever route you choose won’t disappoint. With fxTrade, from ticket ordering to charting layouts and account details – it’s all designed with you in mind.