This comes down to personal choice, When comparing Lime Fx vs. Oanda on trading platforms, we’ll call it a draw. But Lime Fx does have a slight edge thanks to its copy-trader capabilities on ZuluTrade. Both Lime Fx and OANDA offer excellent customer support and educational resources.

Lime Fx Vs Oanda Education Resources Compared

Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade. Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in limefx scam finance means being able to trade to protect yourself from huge risks by limiting risk using diversification.

Fees on Cryptocurrencies

Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Lime Fx and Oanda before you invest because you must know what you are paying. Knowing your trading and commission fees with Lime Fx vs Oanda is extremely important. For the majority of the Lime Fx 10,000 financial instruments and Oanda 4,000 available financial instruments . Lime Fx offers a minimum deposit of 50 while Oanda have a 0 minimum deposit.

• OANDA is particularly known for its innovative use of technology.
• The offer is supported with One-click trading, Trailing stop, Pending orders.
• Oanda, on the other hand, seems to have developed somewhat of a reputation for sub-par customer support.
• Customers have complained about not being able to withdraw funds that were deposited, in one case amounting to $40.
• The fees will be noticeable if you have a low budget and do not intend to invest so much with Lime Fx or Oanda.

What happens if Lime Fx or Oanda go bust?

• Of course, if we had chosen different currency pairs or tested on a different date, the results might have been different.
• Lime Fx does offer clients STP accounts, while Oanda does not offer clients STP accounts.
• If you need a micro account check if Lime Fx or Oanda offer micro trading accounts in your region.
• Personal preference aside, the important takeaway here is that there is no one “right” or “wrong” choice of where to trade forex.
• For example, our tests suggest OANDA is a better choice than Lime Fx for AUD/USD (far superior) and USD/CAD currency pairs.
• And for big ticket forex traders, Lime Fx makes its virtual private server (VPS) network available gratis.

Each trader comes to the forex marketplace with their own individual needs, preferences and goals. 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. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own.

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. Lime Fx does offer clients ECN accounts, while Oanda does not offer clients ECN accounts. The saying ‘Variety is the spice of life’ holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with Lime Fx or Oanda. A diversified portfolio with Lime Fx or Oanda can safeguard your investments from significant downturns in any particular market.

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. Based on our analysis, Lime Fx offers a slightly more comprehensive customer service experience, particularly with its educational webinars and in-depth responses. OANDA offers a more flexible and accessible range of account types, especially for beginners and those looking for fixed commissions. 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.

Lime Fx Vs Oanda Managed Account

If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with Lime Fx or Oanda could lead to one of the most exciting trades you’ve ever made, depending on the market. Please remember that cryptocurrency availability on Lime Fx, Oanda, and all brokers are subject to regulation. If you’re itching to start trading, we can assist you in making a well-informed decision when comparing Lime Fx and Oanda. By comprehensively comparing Lime Fx and Oanda features and services, you can choose a trading platform that best suits your needs and preferences.

However, this is just my personal take based on what I value most as a trader. Looking at the average spreads among the key Forex pairs, we have to say that Oanda is more competitive compared to Lime Fx. For example, the average spread on EUR/USD on Lime Fx comes out to 1.3, while on Oanda, it’s as low as 0.1. On 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.

2. Active Trader Account

Oanda gave us the edge to choose more bonds and treasuries, which we really liked. 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. Lime Fx is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. Experienced traders in particular are well-served by Oanda’s research and 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.

That fee is up to 50 units of the currency in which you’re trading. Also, it helps to know that the minimum amount to open an account on Lime Fx is $50. limefx reviews Between 74-89% of retail investor accounts lose money when trading CFDs. Straight Through Processing or STP is where a requested client’s trade orders are sent directly to the markets. STP is a non-dealing desk trading method aimed mainly at Forex traders. ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency.