LMFX vs Oanda
LMFX | OANDA |
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2.8
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4.5
OANDA is #4 in our broker rankings. |
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LMFX offers online forex and stock trading with low fees and high leverage. |
OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions. |
CFDs are not available to residents in the United States. | |
Bonus Offer | |
100% deposit bonus up to $30,000 | $5,000 welcome bonus with a deposit of $500 |
Comment by Reviewer | |
"We recommend OANDA for traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick for US traders with authorization from local regulators and a secure trading environment." | |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, CFDs, indices, shares, commodities | Forex |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$50 | $0 |
Payment Methods | |
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits | |
Minimum Trade | |
0.01 lots | $0 |
Regulator | |
CFTC, NFA | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | Yes |
Autochartist | |
No | Yes |
eSignal | |
No | No |
Trading Central | |
No | No |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
Yes | FxTrade, MT4 |
Auto Trading | |
Yes (EAs) | EAs |
Copy Trading | |
No | No |
Social Trading | |
No | No |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
Yes | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading is available across multiple financial markets. | CFD trading not offered |
Leverage | |
1:1000 | 1:30 EU, 1:200 Global |
FTSE Spread | |
3.0 | 1.0 |
GBPUSD Spread | |
2.5 | 3.4 |
Oil Spread | |
0.7 | 3.0 |
Stocks Spread | |
Variable | Variable |
Forex Trading | |
FX trading is available on a range of currencies with tight spreads. | OANDA offers over 70 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools. |
Forex App | |
The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play. |
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GBPUSD Spread | |
2.3 | 3.4 |
EURUSD Spread | |
1.9 | 1.6 |
EURGBP Spread | |
2.2 | 1.7 |
Assets | |
48 | 70 |
Cryptocurrency | |
Crypto trading not offered | Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Users can also trade digital currencies in a few taps through the iOS and Android mobile app. |
Spread | |
$100 | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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CFDs are not available to residents in the United States. | |
More Comparisons | |
LMFX vs |
OANDA vs |