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In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results. Lime Fx does offer clients STP accounts, while Oanda does not offer clients STP accounts.

Available Markets

• When choosing a broker, the most important detail is to check the broker is regulated in the country you are resident in.
• When choosing between Lime Fx and Oanda, two well-established Forex brokers, it’s important to evaluate their features, fees, platforms, and overall offerings.
• Oanda is not listed on any stock market, does not disclose its yearly report on its website.
• By comprehensively comparing Lime Fx and Oanda features and services, you can choose a trading platform that best suits your needs and preferences.
• However, both brokers lack additional research tools from Acuity Trading, although they offer economic calendars to keep traders updated on global events.
• However, traders can still choose their ideal brokers by the type of their spreads.

A standard account is available on Lime Fx and Oanda to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use. Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts.

For more options, you can explore this list of the best social trading platforms. For users keen on creating watchlists with real-time quotes or changing time frames on charts, both OANDA and Lime Fx have got you covered. Their apps auto-save chart drawings, ensuring your technical analyses are preserved. OANDA’s mobile app holds a higher user rating with a solid 5-star score, while Lime Fx is rated at 4.5 stars. According to ForexBrokers.com, OANDA ranks 7th out of 62 brokers for mobile trading apps, indicating a stronger overall performance compared to Lime Fx, which sits at the 16th spot.

So Is OANDA or Lime Fx The Best Broker?

For traders looking for tighter spreads and lower commissions, OANDA offers the Core Account. This account is best suited for high-frequency traders who prioritize execution speed and cost efficiency. In addition to its own platforms, OANDA integrates with TradingView, a popular charting and social trading platform. This allows OANDA clients to access advanced charting features, social trading capabilities, and a broader trading community. OANDA’s platform offering is equally robust, providing access to a variety of trading tools and technologies that cater to traders of all levels.

While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account. If you own an iPhone, having an IOS Apple mobile trading app with Lime Fx or Oanda is essential. Likewise, if you have an android phone, it’s crucial to verify if Lime Fx or Oanda broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Lime Fx and Oanda have trading apps compatible with your device. You ideally want to choose a broker like Lime Fx or Oanda that does not charge too much for withdrawal fees.

• The views expressed here are based solely on the writer’s opinion, research, and personal experience, and should not be taken as factual information.
• Lime Fx does offer clients ECN accounts, while Oanda does not offer clients ECN accounts.
• Similar to OANDA, Lime Fx provides a variety of funding options such as credit/debit cards and e-wallets.
• 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.
• Both brokers also have really good client support systems in place.
• Smaller ticket retail clients can now take advantage of mini accounts to dip a toe (or few) into the forex marketplace.

Between 74-89% of retail investor accounts lose money when trading CFDs. If you are not near your desktop computer, you will probably be near and have access to your phone and Lime Fx and Oanda mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Lime Fx or Oanda. For example, a stock might move to an all-time low when you are out.

Lime Fx Spreads

Copyright © 2025 Forex BrokeragesCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This website is for informational purposes only and should not be considered advice. Both brokers are known for offering competitive spreads, although there may be slight differences between the two. Both brokers offer strong research and educational tools, though Oanda has a slight edge in market research. The first model is a ‘spread only’ account where traders pay just the spread and no commission.

This can be advantageous to some traders and negative for others, depending on which instruments they trade as well as the duration of their trades. 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.

Typical Spreads and Fees

A minute can equal an eternity in a marketplace that deals limefx forex brokers reviews in the trillions on a daily basis. 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. Lime Fx easily beats out Oanda in both the variety and the quality of their trading platforms for web (online) and desktop. Oanda wins big points for the platform’s transparent pricing and efforts to minimize risk by offering micro lots and flexible pricing models (broker-spread versus raw-spread+commission). Smaller ticket retail clients can now take advantage of mini accounts to dip a toe (or few) into the forex marketplace.

A demo account with Lime Fx or Oanda is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an Lime Fx and Oanda demo account.

Therefore, while OANDA may have lower spreads, this does not necessarily mean it is the cheaper option overall. However, when we compare these spreads to the industry average, we find that both Lime Fx and OANDA are offering competitive rates. For example, the industry average spread for the EUR/USD pair is 1.25, which is higher than OANDA’s spread and only slightly lower than Lime Fx’s. This pattern is consistent across all the forex pairs we analysed. The below table shows our test results for the no commission, standard account spreads for https://limefx.name/ each broker.

Oanda Features

OANDA and Lime Fx both excel in providing daily market commentary and delivering forex news from respected sources such as Bloomberg and Reuters, ensuring traders remain informed. On the other hand, Lime Fx distinguishes itself with tools from Trading Central for comprehensive technical analysis and market research sourced from TipRanks. However, both brokers lack additional research tools from Acuity Trading, although they offer economic calendars to keep traders updated on global events. When comparing the range of investments available on OANDA and Lime Fx, both brokers offer forex trading as either a CFD or spot contract, making them versatile platforms for forex enthusiasts. OANDA boasts a significantly larger selection, with 3,928 tradeable symbols and 68 forex pairs, compared to Lime Fx’s 440 symbols and 43 forex pairs.

Oanda offers a broad range of trading instruments, including Forex, commodities, indices, spread betting, futures, and bonds, giving traders access to various asset classes. Lime Fx also provides an extensive selection of trading instruments, covering Forex, indices, commodities, cryptocurrencies, and spread betting, offering a comprehensive choice of markets to trade. In terms of cryptocurrency offerings, OANDA stands out by allowing clients to purchase actual cryptocurrencies, while Lime Fx offers only cryptocurrency derivatives. Both platforms support copy trading, aiding traders looking to mimic strategies from successful peers.

A notable difference between Lime Fx and Oanda is that clients of Lime Fx have segregated trading accounts while clients of Oanda do not. The FCA , by which Lime Fx is regulated, requires Lime Fx to ensure a clear segregation between money belonging to retail clients and money that belongs to itself. The funds are kept safe by top global banks and cannot be used to reimburse creditors in the unlikely case of Lime Fx going bankrupt or insolvent. While Oanda is a market maker, Lime Fx is an enhanced execution broker.

Oanda provides high-quality trading platforms with deep functionality and integration with TradingView. The broker offers favorable conditions for long-term trading thanks to competitive spreads and swaps. However, there is an inactivity fee and a fee for fund withdrawal. When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Lime Fx or Oanda you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the Lime Fx or Oanda support team to answer satisfactorily. Funding and withdrawing from your Lime Fx and Oanda accounts to your chosen payment method should be straightforward.

If you’re keen on using MT4, you might want to check out this list of the best MT4 brokers. We consider both brokers a toss-up with commodities as they have virtually equal offerings. Oanda gave us the edge to choose more bonds and treasuries, which we really liked. We gave Lime Fx and OANDA both a score of 8 as they are heavily regulated and hold positive reputations within the forex trading industry. The CompareForexBrokers team wanted to see how the two brokers compared when it came to spread costs, so we went and tested.

In these jurisdictions, it is regulated by the UK’s Financial Conduct Authority, the Australia Securities and Investment Commission and South Africa’s Financial Sector Conduct Authority. The broker’s Lime Fx Markets arm is not subject to the same regulations as these entities. Lime Fx has fewer user complaints about customer service and more positive experiences vs. Oanda.