Having said that, it is also widely known that the United States is the most restrictive forex marketplace on the planet. And in truth, the $7 million penalty the CFTC ordered Lime Fx to pay is kind of like pocket change in a marketplace that turns over an estimated $5.1 trillion dailiy. Today, the “clean up Lime Fx’s reputation” project is going as well as can be expected, considering they are still not able to accept United States traders. They are now based out of London, UK (and thankfully well on the road to recovering their reputation as an online broker who can once again be trusted).

Commodities

Surveys show the platform rates just above average across the board in this area. Overall, customer surveys indicate Lime Fx is more responsive to trader needs and more professional in how inquiries are handled. If limefx forex brokers reviews you can overlook the somewhat scattershot organization of Oanda’s educational tools, overall you will find a comprehensive suite of resources from which to do your own research. There is also a plugin traders can use to integrate with their own MT4 platform as desired. But then again, Oanda requires an initial minimum of just $50 to fund a live trading account, while Lime Fx requires a $300 minimum to fund the same.

IC Markets Features

• We do not present any investment advice or guarantees for the accuracy and reliability of the information.
• Based on this data, I would argue that OANDA is the cheaper option in terms of spreads.
• 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.
• Lime Fx (Forex Capital Markets) is an established name in the forex trading industry.
• StockHax strives to provide unbiased and reliable information on cryptocurrency, finance, trading, and stocks.

As you may have seen in this table, you can trade 5 different cryptocurrency CFDs with Lime Fx. They are bitcoin, ether (ethereum), ripple, litecoin, and bitcoin cash. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices. No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page. 50 units of the account’s base currency yearly after 1 year of inactivity.

Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Straight Through Processing or STP is where a requested client’s trade orders are sent directly to the markets. STP is a non-dealing desk trading method aimed mainly at Forex traders. Customer service and support is a particularly big deal in the fast-moving, high-risk field of forex trading.

OANDA is rated 4 out of 5 stars and is ranked #34 in the Commissions and Fees category by ForexBrokers.com. Lime Fx is a globally recognized broker with decades of experience in the forex market. Known for its competitive trading conditions, Lime Fx offers access to a wide range of currency pairs, indices, commodities, and CFDs. The broker caters to both retail and institutional traders through various account types designed to suit different trading styles. Lime Fx is praised for its advanced trading technology and strong market research resources. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries.

Both OANDA and Lime Fx are ASIC regulated, but OANDA has a more comprehensive offering for the Australian market. If you’re an Aussie trader, you might find this list of the Best Forex Brokers In Australia useful for more options. 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.

Featured Offers

• Although Lime Fx has fewer forex pairs to trade, we feel they deserve a higher Tradable Products score than OANDA primarily because of OANDA’s lack of shares to choose from.
• OANDA provides a free demo account with virtual funds, allowing traders to test the platform and practice their trading strategies before committing real money.
• Unfortunately, at the moment, Oanda only has its proprietary platform and MT4.
• Oanda’s list also lacks cryptocurrencies, but perhaps it will have some crypto instruments available soon.

Lime Fx has also developed its own proprietary trading platforms and provided access to major and minor currency pairs, along with several other trading instruments. In the world of online forex trading, choosing the right broker can make a significant difference in a trader’s success. Lime Fx and OANDA are two of the most popular online forex brokers globally.

These brokers also have a good range of tradable instruments, although we would like to see them add a good number of individual stocks CFDs to their lists. Oanda’s list also lacks cryptocurrencies, but perhaps it will have some crypto instruments available soon. 74.74% of retail investor accounts lose money when trading CFDs with Lime Fx. Between 51% and 89% of retail investor accounts lose money when trading CFDs.

Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs. Yes, Oanda is regulated by the CFTC and NFA in the U.S., making it a trusted choice for American traders. Lime Fx is not regulated in the U.S. but has solid global oversight through multiple Tier-1 regulators.

Brokers By Country

A PIP represents a unit of measurement that’s the smallest price move in the exchange rate of the currency you’re trading. These are derivative products that let you trade a fraction of the value of the asset you’re trading. If you’re basing your selection on security, neither of these two brokers has a spotless history. It doesn’t have the same baggage that Lime Fx is carrying from past scandals. Lime Fx is a well-regulated broker with numerous licenses from various global organizations. We recommend looking at a Lime Fx alternative that has more financial regulation.

OANDA’s proprietary trading platform is known for its simplicity and ease of use. The platform features advanced charting capabilities, real-time market data, and access to various financial instruments. It is available as a web-based https://limefx.vip/ platform, desktop software, and mobile app, ensuring traders can access their accounts from virtually anywhere. Both brokers excel in customer support, offering a range of services including telephone, live chat, and email assistance, ensuring that traders receive timely and helpful responses. Additionally, Lime Fx avails advanced research tools for traders seeking profound market insights, further enhancing its educational support.

StockHax strives to provide unbiased and reliable information on cryptocurrency, finance, trading, and stocks. However, we cannot provide financial advice and urge users to do their own research and due diligence. Lime Fx user complaints largely have to do with funds taking too long to settle in their respective accounts. Even a “rapid transfer” feature has customers waiting for days for their deposit to arrive with seemingly no reasonable explanation.

Lime Fx Vs Oanda Compare 2025: Is Lime Fx a better broker?

Oanda is another well-established online broker offering forex and CFD trading services to traders worldwide. Known for its transparent pricing, intuitive trading platform, and strong regulatory standing, Oanda has gained a reputation as a trusted broker in the industry. In this module, we will explore the pros and cons of Oanda for a trader looking to open an account, as well as the regulatory information pertaining to this broker. One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either Lime Fx or Oanda. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

To finish off our comparison, let’s look at the popular tools and features traders prefer side by side. If you’re itching to start trading, we can assist you in making a well-informed decision when comparing Lime Fx and Oanda. By comprehensively comparing Lime Fx and Oanda features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with Lime Fx, Oanda or an alternative broker. Some forex traders prefer to trade through market makers, while others prefer to trade through intermediary brokers.

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Oanda and Lime Fx are both market maker/ECN hybrids, meaning that both have at least one commission-free account type with a dealing desk, usually a sophisticated electronic one. Withdrawal processing times depend on the payment processor, where Lime Fx offers more transparency, noting it processes requests within two business days. Oanda reviews show typical processing times of one to two business days but can be up to six business days, dependent on the geographic location of clients and their chosen withdrawal method.