To open a trading account with LimeFX, you’ll need to make an initial minimum deposit of Starts from $50. 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. 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.
However, OANDA stands out by offering a more extensive selection of e-payment methods. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Educational Resources
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. LimeFX also facilitates cryptocurrency trading while Oanda does not. As you may have seen in this table, you can trade 5 different cryptocurrency CFDs with LimeFX. They are bitcoin, ether (ethereum), ripple, litecoin, and bitcoin cash. All information on 55brokers.com is only published for general information purposes.
Does Either Broker Offer Spread Betting?
With zero commissions, over 400 assets, and a range of analysis tools, LimeFX remains a popular choice for day traders. The broker is also regulated by top-tier authorities including the FCA, ASIC, CySEC, FSCA, BaFin. LimeFX operates in a dual capacity, functioning both as a Market Maker and an STP Broker. When acting as an STP Broker, LimeFX directly routes traders’ orders to liquidity providers, avoiding the role of a counterparty.
- While both OANDA and LimeFX offer top-of-the-line services and excellent charting tools, we found safety of funds better at LimeFX, and appreciated their superior trade execution.
- Conversely, LimeFX presents a wide spectrum of markets and instruments, paired with low floating spreads, to cater to a multitude of trading strategies.
- Our research is unbiased and independent; learn more about how we test.
- However, we know that in 2017, LimeFX was fined $7 million by the U.S.
Which has the better spread?
For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. Both brokers excel in customer support, offering a limefx official site range of services including telephone, live chat, and email assistance, ensuring that traders receive timely and helpful responses. Additionally, LimeFX avails advanced research tools for traders seeking profound market insights, further enhancing its educational support. Oanda stands out by offering competitive spreads and waiving the requirement for a minimum deposit, enhancing accessibility for traders across various experience levels.
We do not present any investment advice or guarantees for the accuracy and reliability of the information. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. This means not every available option may be featured on this page.
If you’re an Aussie trader, you might find this list of the limefx Best Forex Brokers In Australia useful for more options. Desktop Platforms were equally acceptable for both LimeFX and OANDA. LimeFX desktop version stood out more because of their Trading Station.
