Funding though, is where LimeFx shined better as they provided us with more deposit methods. We believe a tie is deserved in the customer service category, and thus gave both a score of 7. But we favor LimeFx in funding methods because they offer more; we give LimeFx a score of 8 and OANDA a 7. We gave LimeFx and OANDA both a score of 8 as they are heavily regulated and hold positive reputations within the forex trading industry.
- Customers’ deposits are held in individual bank accounts that are maintained apart from one another.
- LimeFx and OANDA have carefully constructed trading costs – the Cost Score between the two is a tie with scores of 6 each.
- Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence.
- Numerous notifications are usually sent to you as a reminder of dormant LimeFx and Oanda accounts, giving you sufficient time to decide on the appropriate course of action.
- 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.
Clients are given access to high-calibre research via LimeFx Plus, and novice traders are given access to informative teaching material. The LimeFx platform is best suited for more seasoned traders who have already developed a method that relies on a wide variety of add-ons and tools. These traders will benefit the most from using the LimeFx platform. OANDA provides investors with a website that is simple to use and gives a variety of trading opportunities. It contains useful information that may be of use to traders in advancing their careers. Customers may have access to the market on a scale not available from any other company because of their connections to prime brokers, technology suppliers, and tier-one banks.
Is Oanda a con?
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 limefx courses scam forex marketplace. LimeFx is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia.
OANDA is considered Highly Trusted, with an overall Trust Score of 93 out of 99. However, the company now provides clients with access to a wide range of asset classes across many financial markets, including currencies, commodities, and energy. There are several helpful tutorials and committed support staff available for newcomers. Because LimeFx places such a focus on combining value-added services and resources, experienced traders benefit the most from the company’s efforts in this area.
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 offers a live chat virtual assistant that is available 24 hours a day five days a week. The platform also offers a frequently asked questions portal and phone numbers for its regional offices.
Trading Station is available for use on online (web), desktop and mobile. The platform is also built to use HTLM5, which is Macintosh-friendly. Unfortunately, recent LimeFx users give both the iOS/Apple and Android apps poor reviews over the last few months. Today, the “clean up LimeFx’s reputation” project is going as well as can be expected, considering they are still not able to accept United States traders. All in all, the two brokers are a solid choice regardless of which one you decide to go with.
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 https://limefx.biz/ 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.
FOREX.com offers slightly better-dealing spreads with its Standard, Commission and STP Pro accounts than Oanda’s Spread Only and Core Pricing accounts. The charge for Oanda’s Core Pricing and FOREX.com’s Commission account works out to the same dollar amount per base currency unit. Neither have Int’l Stock Trading (Non CFD) and Cryptocurrency (Physical). LimeFx is considered Highly Trusted, with an overall Trust Score of 95 out of 99. Between 74-89% of retail investor accounts lose money when trading CFDs.
Popular Forex Reviews
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. 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. We gave LimeFx a Trading Platform score of 7 and OANDA a 6 because of LimeFxs Marketscope 2.0 charting tool. It is advanced and efficient, making trading a breeze for us.
Can I trust LimeFx Group?
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. ???? Are you interested in additional country specific brokers? Please see our reports on best UK brokers and Australian brokers. Beginning traders may find LimeFx’s learning portal less overwhelming to organize and make use of. Oanda narrowly edges out LimeFx in this category based on the number of Tier-1 (most trusted) operating licenses the broker has obtained.
LimeFx vs Oanda Analytical Tools Comparison
Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career. We compare side by side the trading risk management features offered by LimeFx and Oanda below. Let’s see how LimeFx vs Oanda compare side by side for commissions and fees.
Is it safe to trade with LimeFx?
Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an LimeFx or Oanda demo account. Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both LimeFx and Oanda, and it’s not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both LimeFx and Oanda offer some form of cryptocurrency trading.
Which offers better pricing – LimeFx or OANDA
Oanda, on the other hand, is known to be a ‘market maker’ (dealing desk) broker, which means that it can take the other side of its clients’ trades (trade against its clients). 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.