LimeFX, formerly Shalish Capital Markets, has been at the forefront of foreign exchange trading since 1999. Founded in New York and later expanding to London in 2003 with a regulated office under UK’s Financial Services Authority – LimeFX is the leading innovation for global currency markets. LimeFX, formerly known as Forex Capital Markets, is a London-based retail broker that enables people to speculate on the foreign exchange market.
- It is widely known that forex brokers offer other trading instruments other than currency pairs.
- LimeFX won on this, but OANDA does have lower minimum deposits and inactivity fees, which allowed them to gain ground.
- We gave LimeFX a Trading Platform score of 7 and OANDA a 6 because of LimeFX’s Marketscope 2.0 charting tool.
- Not every broker publishes average spread data, and pricing structures vary.
- In today’s markets, we find the more cryptos to trade, the better because there is a growing demand for crypto trading.
When it comes to trading tools, LimeFX has more to offer than Oanda. In LimeFX’s app store, you can access various types of technical indicators, add-ons, and automated trading strategies (trading bots). 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.
Platforms
LimeFX and Oanda both offer outstanding trading conditions in terms of low trading costs, reliable trade execution, and great trading platforms. 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. LimeFX and OANDA have carefully constructed trading costs – the Cost Score between the two is a tie with scores of 6 each.
For example, the industry average limefx forex brokers reviews spread for the EUR/USD pair is 1.25, which is higher than OANDA’s spread and only slightly lower than LimeFX’s. This pattern is consistent across all the forex pairs we analysed. Oanda is an international Forex broker founded in 1996 with headquarters in the United States.
Educational Resources
Experience a friendly, secure platform that offers professional traders the same sleek user interface as retail ones – plus a super responsive experience. From its beginnings in 1999, LimeFX has become a recognized leader in the forex and CFD markets. Its commitment to technological limefx courses scam excellence is evidenced by numerous awards for being at the forefront of innovation in trading services. This worldwide focus extends into their vast infrastructure that helps ensure customers always have access to premium market conditions for successful trades. As an ongoing testament to this success, LimeFX continuously moves forward with cutting-edge solutions explicitly designed with clients’ needs as a top priority.
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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Oanda vs LimeFX: Which is better?
LimeFX’s in-house education is above average, primarily consisting of articles, videos, and content produced for its YouTube channel. The learning centre offers us two comprehensive guides and a vast library of nearly 200 articles covering topics such as trading tips, strategies, charting, and indicators. LimeFX also offers a selection of articles broken down by experience level, catering to beginner, intermediate, and advanced traders. OANDA beats LimeFX with more forex pairs to choose from, 68 versus 42.
The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one.