LimeFX vs OANDA year Forex Brokers Comparison
Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms. They have dedicated teams in multiple regions to ensure customer support can be provided in the trader’s native language.
LimeFX: Best For Experienced Traders
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 limefx company reviews resource offerings. 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.
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.
Experience a friendly, secure platform that offers professional traders the same sleek user interface as retail ones – plus a super responsive experience. All in all, we are more comfortable trading with LimeFX than Oanda. Both brokers are competitive, but we really like LimeFX’s superior trading tools, segregated client accounts, and enhanced trade execution.
LimeFX: Top Product Range And CFD Markets
Both brokers offer competitive spreads, but the exact numbers can vary based on the trading pair and market conditions. For example, OANDA has an average spread for EUR/USD at 1.2, while LimeFX’s is slightly higher at 1.3. For more information on low-cost trading, you can visit this comprehensive Lowest Commission Brokers. Trying to choose between OANDA vs LimeFX, but can’t decide which Broker is better Broker for your trading strategy?
So Is OANDA or LimeFX The Best Broker?
The overall choice is superior at LimeFX, where traders may select between the retail-favorite MT4, its proprietary Trading Station, and the social trading market leader ZuluTrade. Enhancing the choice is the LimeFX suite of tools for algorithmic trading solutions. Oanda maintains its proprietary trading platform and the MT4 trading platform.
OANDA didn’t fare as well, with an average of 1.54 pips or a cost $14.23 per lot. 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. What this means is that both forex brokers have seen competitors come and go…and come and go…and come and go. It says something to achieve this kind of multi-decade longevity in a field as tumultuous and risky as the forex marketplace. With fxTrade, from ticket ordering to charting layouts and account details – it’s all designed limefx review with you in mind.
Popular Forex Broker Reviews
- Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
- Unlike LimeFX, Oanda does not keep its clients’ funds in segregated accounts, which is a concern.
- The only difference is that LimeFX does not change any fees, while OANDA has a monthly inactivity fee.
- By 2018, LimeFX was under new ownership with a new global CEO, longtime company executive Brendan Callan.
- It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services.
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.
