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For traders who appreciate advanced trading tools and quality market research, LimeFx is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at LimeFx is just average. Desktop Platforms were equally acceptable for both LimeFx and OANDA. LimeFx desktop version stood out more because of their Trading Station. For us, one of its main highlights is the Marketscope 2.0 charting tool, which offers powerful charting capabilities that run parallel to the main platform window.
- Its commitment to technological excellence is evidenced by numerous awards for being at the forefront of innovation in trading services.
- Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun.
- Users also have the convenience to access TradingView Live Trading Integration with LimeFx to trade directly from your TradingView charts.
- This level of personalization, combined with the ability to quickly react to market changes, manage risk, and stay informed with alerts on significant market events, makes it a category leader.
- A major difference, however, is that traders from the United States are not eligible to apply for a live trading account with LimeFx, while Oanda’s services are available to U.S. residents.
Also satisfactory was LimeFxs web trading platform; we appreciated that it is highly customisable and user-friendly. The platform offered us a wide range of order types and features a great search function. However, it lacks two-step authentication, which is an essential security feature. The posted support hours for phone and live chat are Sunday at 1pm to Friday at 6pm, which is a wider support window than what LimeFx offers. 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.
OANDA has a lower minimum deposit requirement of $0 vs $50 from LimeFx. Having said that, if you use cards or Trustly as your payment option, both channels require at least $25 or equivalent. We consider both brokers a toss-up with commodities as they have virtually equal offerings. Oanda gave us the edge to choose more bonds and treasuries, which we really liked.
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Earn an exclusive badge next to your name, get custom resolutions for symbols, and start trading directly from TradingView with LimeFx integration – making it smoother. This level of personalization, combined with the ability to quickly react to market changes, https://limefx.vip/ manage risk, and stay informed with alerts on significant market events, makes it a category leader. This can be advantageous to some traders and negative for others, depending on which instruments they trade as well as the duration of their trades.
In addition to forex, this broker supports trading in single-share CFDs, indices, commodities, and cryptocurrencies. 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 LimeFx to trade directly from your TradingView charts. 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.
Oanda narrowly edges out LimeFx in this category based on the number of Tier-1 (most trusted) operating licenses the broker has obtained. In other words, both brokers have what equestrians like to call “staying power.” After this many years in the biz, it is safe to say they are each fundamentally built to last. Having said that, it is also widely known that the United States is the most restrictive forex marketplace on the planet. And in truth, the $7 million penalty the CFTC ordered LimeFx to pay is kind of like pocket change in a marketplace that turns over an estimated $5.1 trillion dailiy. Finally, LimeFx has a withdrawal commission, which is also something to take into account. Our automated aggregation service scans hundreds of media sources, as well as blogs and social networks, to deliver live and objective news coverage without editorial control.
Other popular features, such as Renko charts, OCO orders, and advanced trader management, are also available to give you better control over your trades. Once you upgrade today, you get access to world-class tools that can help you make smarter decisions while managing risks more effectively. With fxTrade, from ticket ordering to charting layouts and account details – it’s all designed with you in mind. Experience a friendly, secure platform that offers professional traders the same sleek user interface as retail ones – plus a super responsive experience. TradingView is your go-to source for all the latest trading and investing news. Access live stream quotes, graphs, and helpful insights from experienced traders.
Its user-friendly interface combined with advanced charting and analytic tools cater to both novices and experienced traders. For those traders who enjoy familiarity, Oanda also supports MetaTrader 4 with all its bells and whistles. OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
Oanda’s Dynamic Duo: OANDA Trade and MetaTrader 4
LimeFx user complaints largely have to do with funds taking too long to settle in their respective accounts. Even a “rapid transfer” feature has customers waiting for days for their deposit limefx review to arrive with seemingly no reasonable explanation. While Oanda doesn’t require a minimum deposit amount to open an account, you can’t deposit more than 50% of your net worth.
OANDA vs LimeFx Comparison
LimeFx followed shortly after, as they were founded just three years after Oanda – in 1999. Yes, both LimeFx and Oanda offer risk-free demo accounts, allowing you to practice trading and explore their platforms without risking real capital. Demo accounts are an excellent way for beginners to gain experience and for experienced traders to test new strategies. In a typical trading day across all markets – from EUR/USD and beyond – their spreads were identical, with each around 1.2 pips; that’s pretty good news for investors.
With up to two decades of experience each, LimeFx and OANDA are well-established brokers brimming with competitive advantages. Picking between these industry leaders is an excellent way for traders, old or new, to jump-start their journey into trading. When comparing LimeFx and Oanda, both brokers offer competitive advantages in their respective areas.
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Recent reviews cite frequent crashes and auto-logouts that interfere with their trades. The OANDA subsidiary with whom a client contracts depends on their country of residence. Each subsidiary provides different products via different platforms, so clients will experience OANDA differently depending on their country of residence. Easily access OANDA’s MetaTrader 4 web platform from your Mac without any Windows installations.
Despite both brokers being highly regulated, we found the brokers are not spotlessly clean. OANDA was fined $20,000 by the NFA in 2021 and $500,000 by the CFTC for regulatory breaches in 2020. 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.
