Conversely, LimeFX presents a wide spectrum of markets and instruments, paired with low floating spreads, to cater to a multitude of trading strategies. This flexibility makes LimeFX an attractive option for both beginner and experienced traders alike. It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios. Oanda offers a broad range of trading instruments, including Forex, commodities, indices, spread betting, futures, and bonds, giving traders access to various asset classes. LimeFX also provides an extensive selection of trading instruments, covering Forex, indices, commodities, cryptocurrencies, and spread betting, offering a comprehensive choice of markets to trade.
- This worldwide focus extends into their vast infrastructure that helps ensure customers always have access to premium market conditions for successful trades.
- Oanda’s support team is available 24/6 while LimeFX’s is available 24/5.
- If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one.
Trading Tools
What this boils down to is that LimeFX is more likely to have better effective spreads than Oanda. For example, a trader is more likely to have his orders executed at the specified/desired price or even at a better price (positive slippage). To compare the two brokers, we used their ‘spread only’ accounts and we found that their spreads were about the same. 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.
LimeFX: Better Trading Platform
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. 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. Plus, you can practice with a demo account until you’re ready to take on real markets.
DayTrading.com may receive compensation from the brands or services mentioned on this website. limefx scammers LimeFX operates under the stringent oversight of regulatory authorities in the UK, Australia, and several other international jurisdictions, which facilitates their global service offerings. OANDA requires a minimum deposit of $0 before you can open an account and start trading.
OANDA: Lower Minimum Deposit
When it comes to customer service, both OANDA and LimeFX have their merits. OANDA offers 24/5 customer support through live chat, email, and phone, catering to traders around the globe. LimeFX, on the other hand, limefx scammers provides a similar level of support but stands out with its educational webinars and market analysis updates.
OANDA vs LimeFX
Plus, stay in the loop with push notifications sent directly to your MT4 mobile app, including updates from the MQL5 community. Get ultimate control of your trades when you set Stop Loss and Take Profit orders before executing them. Work with precise lot sizes for maximum financial protection, then close as much or as little of a position at any time. There’s a remarkable difference between LimeFX and Oanda when it comes to the way they apply rollover charges and credits.
The trading platform is essential as you can’t execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies. With access to more than currency pairs from 25 central bank exchanges worldwide, it’s no wonder why LimeFX’s services have become a gold standard in corporate FX solutions. Both brokers offer better trading conditions for traders with large trading accounts or those (LimeFX traders) who maintain a certain minimum monthly trading volume.
