選單
FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. OANDA and FOREX.com have apps to keep you trading wherever you are. Both apps are available for iOS and Android, but OANDA’s app is also available for tablets. The OANDA app has the same functionality as the browser-based platform. FOREX.com says its mobile app is as powerful as the web-based platform. Operating since 2001, FOREX.com is considered a top foreign currency trading broker.
Commodity Futures Trading Commission for defrauding its retail clients. Lime Fx misled these clients to believe that it was a ‘no dealing desk’ broker and that its interests were aligned with that of its clients. 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). A notable difference between Lime Fx and Oanda is that clients of Lime Fx have segregated trading accounts while clients of Oanda do not.
For us, one of its main highlights is the Marketscope 2.0 charting tool, which offers powerful charting capabilities that run parallel to the main platform window. Trading Station is a strong competitor to MetaTrader and features complex back-testing options, such as accounting for potential historical slippage and trading costs. Looking at the average standard account spreads for the forex pairs, we can see some interesting patterns. For the EUR/USD pair, Lime Fx has an average spread of 1.3, while OANDA has a slightly lower spread of 1.2. This trend continues across the other forex pairs, with OANDA consistently offering slightly lower spreads than Lime Fx.
Both brokers offer better trading conditions for traders with large trading accounts or those (Lime Fx traders) who maintain a certain minimum monthly trading volume. OANDA beats Lime Fx with more forex pairs to choose from, 68 versus 42. But Lime Fx 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.
Access 15+ indicators and nine Expert Advisors (EA) in one download – all for free only when you trade on OANDA MT4 or MT5. 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. With access to more than currency pairs from 25 central bank exchanges worldwide, it’s no wonder why Lime Fx’s services have become a gold standard in corporate FX solutions. OANDA spreads are lower than FOREX.com spreads, so OANDA provides less expensive trades. Still, both platforms keep the fees to a minimum, although they charge clients who don’t trade for 12 months.
All in all, we are more comfortable trading with Lime Fx than Oanda. Both brokers are competitive, but we really like Lime Fx’s superior trading tools, segregated client accounts, and enhanced trade execution. While Oanda is a market maker, Lime Fx is an enhanced execution broker. What this boils down to is that Lime Fx is more likely to have better effective spreads than Oanda.
Other factors, such as commission fees and account types, can also impact the overall cost. Therefore, while OANDA may have lower spreads, this does not necessarily mean it is the cheaper option overall. The below table shows our test results for the no commission, standard account spreads for each broker.
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. 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.
The company released up-to-date online information about exchange rates…absolutely free. 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. 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 limefx Lime Fx has fewer instruments than Oanda, it has a very good variety. When choosing a broker, the most important detail is to check the broker is regulated in the country you are resident in.
OANDA offers a more flexible and accessible range of account types, especially for beginners and those looking for fixed commissions. OANDA requires a minimum deposit of $0 before you can open an account and start trading. To open a trading account with Lime Fx, you’ll need to make an initial minimum deposit of Starts from $50. Easily access OANDA’s MetaTrader 4 web platform from your Mac without any Windows installations.
OANDA is no slouch with 68 forex pairs, and we note that as a positive. But again, we feel that brokers today need to offer shares trading. Should you be based in the UK, both brokers offer spread betting as an alternative to CFD trading. Neither broker supports social trading, however, it is still possible by using MetaTrader’s Trading Signals, to have the ability to copy trades of successful traders. Based on this data, I would argue that OANDA is the cheaper option in terms of spreads. However, it’s important to remember that spreads are just one aspect of the cost of trading.
Some forex traders prefer to trade through market makers, while others prefer to trade through intermediary brokers. Personal preference aside, the important takeaway here is that there is no one “right” or “wrong” choice of where to trade forex. As well, both market makers and stp brokers provide a valuable service to the greater forex and trading marketplace. But they fulfill very different roles and thus their inherent business structure will reflect each company’s unique role and purpose. For traders who want to use their own or another outside trading platform, Lime Fx now offers this extra perk as well.
If social trading is a key factor for you, you may need to look at other brokers. For more options, you can explore this list of the best social trading platforms. Lime Fx and OANDA have carefully constructed trading costs – the Cost Score between the two is a tie with scores of 6 each. We elected to focus our comparison on the no-commission account since the is the most popular option retail traders are likely to use, which we assume our readers will be. Lime Fx won on this, but OANDA does have lower minimum deposits and inactivity fees, which allowed them to gain ground. You can evaluate each by comparing fees, promotions, apps, accounts and features, trading platforms, and ease of use.
Both Lime Fx and Oanda offer discount limefx scam options for active or VIP traders. Each trader comes to the forex marketplace with their own individual needs, preferences and goals. 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.
For this reason, Lime Fx is primarily going to make money on commissions and fees added to each trade order you place. The one notable downside here is the lack of social trading tools. Otherwise, Oanda’s scalable learning resources are designed with the active, intermediate to advanced trader in mind.