This pattern is consistent across all the forex pairs we analysed. Customer service and support is a particularly big deal in the fast-moving, high-risk field of forex trading. A minute can equal an eternity in a marketplace that deals in the trillions on a daily basis. LimeFX easily beats out Oanda in both the variety and the quality of their trading platforms for web limefx reviews (online) and desktop. Ask any gathering of retail forex traders what they most prize in an online broker platform and you will soon discover no two answers are exactly alike.
But LimeFX has far more in the category of share CFD trading at 219 to OANDAs 0. We found it surprising that OANDA doesn’t have shares trading with CFDs, not just because most forex brokers offer this, but because OANDA is such a major global broker. As well, both market makers and stp brokers provide a valuable service to the greater forex and trading marketplace.
Trading Functionality and Forex Spreads 💷
We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. Based on our analysis, LimeFX offers a slightly more comprehensive customer service experience, particularly with its educational webinars and in-depth responses.
LimeFX: Superior Customer Service
- Spread betting with LimeFX is available for UK residents and provides a tax-efficient way to trade.
- To compare the two brokers, we used their ‘spread only’ accounts and we found that their spreads were about the same.
- So, if you are in Australia, it is best the broker has ASIC regulation.
- Having said that, if you use cards or Trustly as your payment option, both channels require at least $25 or equivalent.
- Like LimeFX, OANDA has a commission account called their Cores spread account, and it is available in Australia, Singapore and the US.
Once you upgrade today, you get access to world-class tools that can help you make smarter decisions while managing risks more effectively. There is an obvious advantage for LimeFX for offering at least 4 different trading platforms to its traders, while OANDA’s offer is limited to MT4 and proprietary platform. These both accounts are based on spread and are Standard and Premium account with better costs.
Plus, there are plenty of self-service resources via their websites, e.g., FAQs and tutorials. Have you ever been caught off guard by end-of-day rollover charges or credits? Well, LimeFX and OANDA are two currency brokers taking different approaches. With LimeFX, they use the conventional method of applying these fees at 5 pm EST daily – with a triple charge on Wednesdays due to weekend adjustments in advance. Twenty-five years later, you can trade various financial products and crypto-currencies across multiple countries on the platform.
Spreads and Commission
LimeFX vs OANDA both offer a singular account option, inclusive of Islamic accounts. This facilitates traders who follow Sharia principles to participate in currency trading on their platforms. Neither OANDA nor LimeFX offer social or copy trading at this time. If social trading is a key factor for you, you may need to look at limefx scam other brokers. For more options, you can explore this list of the best social trading platforms.
Then their parent company went bankrupt shortly after the ruling. Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency). 50 units of the account’s base currency yearly after 1 year of inactivity. In 1997, OANDA ushered in a new era of free exchange rate information when it became the first to make this data available online.