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. However, Lime Fx stands out with its support for ZuluTrade and a more extensive watchlist functionality featuring 13 columns as opposed to OANDA’s 6. Overall, Lime Fx’s Trading Platforms and Tools are rated higher at 5 stars, compared to OANDA’s 4 stars. 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.
Featured Offers
From the most recent user reviews for each app, it appears the company is in the midst of a number of app updates. Users report frequent crashes and missing or slow-to-load features. Trading Station is available for use on online (web), desktop and mobile. The platform is also built to use HTLM5, which is Macintosh-friendly.
Which Broker Is Better For MetaTrader 4?
- With a reputation for offering competitive spreads and a robust trading platform.
- OANDA didn’t fare as well, with an average of 1.54 pips or a cost $14.23 per lot.
- This review will help you determine which broker suits your trading needs best.
Based on ForexBrokers.com rankings, OANDA holds the 27th position out of 62 brokers for its range of investments, receiving a 4-star rating, whereas Lime Fx is positioned at 47th with a 3.5-star rating. This makes OANDA a slightly more appealing choice for those wanting a wider array of trading options. Lime Fx provides forex and CFD market access across experience levels. This broker offers trading in major forex pairs as well as forex baskets across the U.S. dollar, Japanese yen and emerging markets.
Account Opening
Alternatively Oanda allows retail traders to trade Forex, CFDs on the Oanda MT5, MT4, WebTrader, fxTrade Mobile Apps, iOS (App Store), Android (Google Play) trading platforms. For traders who want to use their own or another outside trading platform, Lime Fx now offers this extra perk as well. And for big ticket forex traders, Lime Fx makes its virtual private server (VPS) network available gratis.
This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Lime Fx is listed as a publically traded company so are a reputable broker. Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade. Oanda, on the other hand, seems to have developed somewhat of a reputation for sub-par customer support.
- It offers traders the opportunity to participate in various markets including crypto CFDs, while Oanda’s investment options are quite limited to forex and crypto.
- Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair.
- The integration of these platforms allows traders to access automated trading strategies and backtesting tools.
- This way, you risk none of your money and test your trading skills in a safe environment.
On MT4, you can harness trading strategies such as scalping, expert advisors (EAs) and virtual private server (VPS) for no additional charge. Features on this platform include volume profile indicators, multiple charts layout, advanced price scaling and others. You’ll want to be mindful about leaving positions open overnight on Oanda.
The rise of online brokers and mobile trading has been a major milestone that has helped to level the playing field for investors. The rise of the internet has paved the way for online brokers, which in turn have given individual investors the same access to global markets as institutional investors. Thanks to online brokers, traders have tools at the fingertips that can transform them from a novice into a pro. Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.
Compare OANDA Vs Lime Fx: Which is the Better Forex Broker in 2025?
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. All in all, the two brokers are a solid choice regardless of which one you decide to go with. And if you want to learn more about either of them, check out our more detailed Lime Fx and Oanda reviews. We’ve compared more than 100 variables and features so you can see the pros and cons of Lime Fx and Oanda side by side.
To achieve this, your best bet is to use some sort of automation, which is possible with both brokers. In this review, we looked at how the Forex broker OANDA and Lime Fx compare. Both have their own trading platform plus MT4 and TradingView, along with (mostly) no commissions. A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering. Lime Fx is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.
A financial services compensation scheme differs from country to country, so check this on the Lime Fx and Oanda websites and regulators. The Lime Fx online trading platform gives traders from all over the world access to over 10,000 financial instruments, Oanda include over 4,000 available instruments. There are over 220,000+ registered customers that have taken advantage of the Lime Fx platform. 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. OANDA also offers 24/5 customer support, with assistance available through email, phone, and live chat.
2. Active Trader Account
Also, Islamic Account is meant for traders following Sharia laws with suited conditions and applicable laws available. OANDA vs Lime Fx provide quite similar trading conditions both offering tight and low spreads and all strategies allowed suitable for all type of traders beginners, advanced or professional traders. The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market.
Although Oanda has no cryptocurrency and basket instruments, it has more stock indices (16 vs 11) and bonds (6 vs 1) than Lime Fx. Although Lime Fx has fewer instruments than Oanda, it has a very good variety. When choosing a broker, the most important detail is limefx website to check the broker is regulated in the country you are resident in. So, if you are in Australia, it is best the broker has ASIC regulation.
However, Oanda does offer a wider variety of options than Lime Fx in each of https://limefx.club/ their categories. Each trader comes to the forex marketplace with their own individual needs, preferences and goals. As far as pricing goes and which of the Forex trading providers does better in this regard, there are a few things that you should take into account.
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. Recent reviews cite frequent crashes and auto-logouts that interfere with their trades.
Meanwhile, Lime Fx follows closely with a solid 4.5-star research rating and an eleventh-place ranking. It offers traders the opportunity to participate in various markets including crypto CFDs, while Oanda’s investment options are quite limited to forex and crypto. These apps provide access to the same features as the web-based platform and are ideal on the go. MT4 on Oanda offers tailored layouts, plug-ins and an easy-to-navigate interface.