Lime Fx vs Oanda: Broker Comparison 2025

OANDA also supports the widely popular MetaTrader 4 (MT4) platform but has its own trading platform called OANDA Trade Web and OANDA Trade Mobile. We thought the outstanding feature of the web version is that it comes with TradingView for advanced charting and a guaranteed stop loss, but we were disappointed it is not available for the web. The CompareForexBrokers team wanted to see how the two brokers compared when it came to spread costs, so we went and tested. For this exercise, we tested 6 major currency pairs over a 24-hour period (AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF and USD/JPY) and then averaged the spread across the currency pairs.

However, only Lime Fx supports the syncing of watchlist symbols between the mobile app and the online account, enhancing usability for traders who frequently switch between devices. OANDA’s proprietary trading platform is known for its simplicity and ease of use. The platform features advanced charting capabilities, real-time market data, and access to various financial instruments. It is available as a web-based platform, desktop software, and mobile app, ensuring traders can access their accounts from virtually anywhere. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. 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.

Lime Fx Educational Resources

Both companies have earned a strong reputation for providing traders with access to foreign exchange markets, but they differ in several important aspects. This detailed comparison will explore various facets of Lime Fx and OANDA, from their history and regulatory standing to their trading platforms, fees, account types, customer support, and more. When it comes to online trading, comparing OANDA and Lime Fx offers insight into their respective commissions and fees.

Despite this, the company continues to be well-regulated in other jurisdictions, offering traders peace of mind. Both brokers offer strong research and educational tools, though Oanda has a slight edge in market research. When choosing between Lime Fx and Oanda, two well-established Forex brokers, it’s important to evaluate their features, fees, platforms, and overall offerings. This review will help you determine which broker suits your trading needs best. On scammed by limefx 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.

What is the minimum deposit for Lime Fx and Oanda?

In my opinion, OANDA is the superior choice for Australian Forex traders. Both OANDA and Lime Fx are ASIC regulated, but OANDA has a more comprehensive offering for the Australian market. If you’re an Aussie trader, you might find this list of the Best Forex Brokers In Australia useful for more options.

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data. One of the key points of distinction is that OANDA is known for its strong compliance culture and its transparency regarding pricing and execution.

Markets & Instruments

Trading Station lets you pre-load tools like real volume, market depth and trader sentiment. You can personalize your platform by downloading indicators, creating watchlists and customizing layouts to better equip the platform to match your strategy. Users also have the convenience to access TradingView Live Trading Integration with Lime Fx to trade directly from your TradingView charts.

• For example, during a typical trading day, their spreads on the EUR/USD were found to be in the region of 1.2 pips, which is quite decent.
• When choosing between Lime Fx and Oanda, two well-established Forex brokers, it’s important to evaluate their features, fees, platforms, and overall offerings.
• Oanda offers a live chat virtual assistant that is available 24 hours a day five days a week.
• Looking at the average standard account spreads for the forex pairs, we can see some interesting patterns.
• This flexibility makes Lime Fx an attractive option for both beginner and experienced traders alike.
• Commissions are added to this, leading to an effective spread around 0.74 pips.

If you can overlook the somewhat scattershot organization of Oanda’s educational tools, overall you will find a comprehensive suite of resources from which to do your own research. 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. Trading Station is available for use on online (web), desktop and mobile. The platform is also built to use HTLM5, which is Macintosh-friendly. Today, the “clean up Lime Fx’s reputation” project is going as well as can be expected, considering they are still not able to accept United States traders.

Oanda’s first data feed went live in 1997, while Lime Fx was founded shortly thereafter in 1999. Spread betting with Lime Fx 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. Based on our analysis, Lime Fx offers a slightly more comprehensive customer service experience, particularly with its educational webinars and in-depth responses. Although Lime Fx 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.

They are also widely recognized for their dedication to providing high-quality educational resources to help traders improve their skills. Founded in 1996, OANDA is one of the pioneers in the online forex trading space. Based in the United States, OANDA has always maintained a focus on providing a transparent and user-friendly platform for forex traders. Over the years, OANDA has expanded its offerings to include CFDs, commodities, indices, and bond trading.

Based on this data, I would argue that OANDA is the cheaper option in terms of spreads. However, it’s important to remember that spreads are just one aspect of the cost of trading. Other factors, such as commission fees and account types, can also impact the overall cost.

Featured Offers

• They also waive broker applied fees and company bank fees for premium clients.
• It features an intuitive user interface, real-time charts, advanced charting tools, and access to a wide range of financial markets.
• Oanda’s mobile app for iOS/Apple is a hit with traders as the recent reviews will attest.
• Yes, Oanda is regulated by the CFTC and NFA in the U.S., making it a trusted choice for American traders.
• And for big ticket forex traders, Lime Fx makes its virtual private server (VPS) network available gratis.

For example, during a typical trading day, their spreads on the EUR/USD were found to be in the region of 1.2 pips, which is quite decent. Both brokers use floating spreads, which means that their spreads vary frequently. Lime Fx also offers a paid programming service to clients interested in automating their trading strategies. OANDA provides a variety of educational materials, including getting-started guides, tools and strategies, and capital management resources. Additionally, OANDA hosts frequent webinars covering various trading topics and maintains an archive of past webinars for on-demand viewing. 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.

With so much experience under their belt, it’s no surprise that both online traders gathered quite a loyal network of customers, attracting both professional and beginner traders. To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. In comparison, Lime Fx provides trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader with the support of . The broker provides a seamless experience with additional plugins and a user-friendly interface. If you’re keen on using MT4, you might want to check out this list of the best MT4 brokers. Unlike OANDA, Lime Fx has a fixed minimum deposit amount for its traders.

Trading Tools

However, traders can https://limefx.biz/ 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, Lime Fx provides their pricing with Fixed spread while OANDA offers Fixed spread. Thanks to CFDs, users can start small, use leverage, go short and choose from Trading Station, MT4 or the broker’s API feature. This broker offers similar options for commodities trading and offers a range of crypto CFDs to choose from. Lime Fx offers a wide choice of trading platforms with high functionality, meeting the needs of different traders.

Enhancing the choice is the Lime Fx suite of tools for algorithmic trading solutions. Oanda maintains its proprietary trading platform and the MT4 trading platform. Lime Fx and OANDA have carefully constructed trading costs – the Cost Score between the two is a tie with scores of 6 each. We elected to focus our comparison on the no-commission account since the is the most popular option retail traders are likely to use, which we assume our readers will be.