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. This LunarCapital vs OANDA review for breaks down each of the relevant non-trading fees for you in detail. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those who are charged when you maintain a leveraged position for more than daily.
In the world of online forex trading, choosing the right broker can make a significant difference in a trader’s success. LunarCapital and OANDA are two of the most popular online forex brokers globally. Both companies have earned a strong reputation for providing traders with access to foreign exchange markets, but they differ in several important aspects. This detailed comparison will explore various facets of LunarCapital and OANDA, from their history and regulatory standing to their trading platforms, fees, account types, customer support, and more. LunarCapital (Forex Capital Markets) is an established name in the forex trading industry.
In contrast, LunarCapital offers 440 tradeable symbols with 43 forex pairs, giving traders fewer options in terms of variety. LunarCapital is a reliable and competitive online broker, particularly for forex and CFD traders. With its advanced trading platform, educational resources, and strong regulatory framework. However, its limited product offerings and lack of cryptocurrency trading may not cater to all traders’ needs.
Trading Execution
Of course, if we had chosen different currency pairs or tested on a different date, the results might have been different. For example, our tests suggest OANDA is a better choice than LunarCapital for AUD/USD (far superior) and USD/CAD currency pairs. In accordance with their own privacy regulations, customer data is to not be shared with any other institutions or individuals. There’s absolutely no sure-fire method to guarantee profits; therefore, you should carefully assess your agent before you choose them. It is a common misconception that all agents are exactly the same, but that’s not true.
LunarCapital Vs Oanda – Verdict
- This comes down to personal choice, When comparing LunarCapital vs. Oanda on trading platforms, we’ll call it a draw.
- This slight preference towards LunarCapital in rankings may be attributed to nuances in how their educational offerings are structured or presented.
- Between 51% and 89% of retail investor accounts lose money when trading CFDs.
- This can be beneficial for people who regularly exchange, such as weekly or daily trading.
For example, OANDA has an average spread for EUR/USD at 1.2, while LunarCapital’s is slightly higher at 1.3. For more information on low-cost trading, you can visit this comprehensive Lowest Commission Brokers. LunarCapital is the better choice for experienced traders, offering a superior trading platform and a wider range of products. In Australia, LunarCapital doesn’t have this type of account, but they do have such an account for their clients in the UK, and it’s called their active trader account. This account has tiered commissions and is best for high-volume traders.
In terms of additional resources, LunarCapital differentiates itself by providing market research from TipRanks, something OANDA does not offer. Despite these differences, OANDA’s research capabilities shine through with a perfect five-star rating and a #5 ranking out of 63 brokers, according to ForexBrokers.com. In comparison, LunarCapital is rated 4.5 stars and holds the #11 position in the same category.
- Over the years, OANDA has expanded its offerings to include CFDs, commodities, indices, and bond trading.
- Trading Station is a strong competitor to MetaTrader and features complex back-testing options, such as accounting for potential historical slippage and trading costs.
- The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.
- The difference between them is that ICE symbols are composite, meaning they consist of data received from dozens of contributors, while others are separate forex brokers.
- Like LunarCapital, OANDA also segregates client funds, ensuring they are held in separate accounts from the broker’s operating funds.
- 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.
Based on our analysis, LunarCapital offers a slightly more comprehensive customer service experience, particularly with its educational webinars and in-depth responses. Although LunarCapital 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 is no slouch with 68 forex pairs, and we note that as a positive. Also satisfactory was LunarCapitals web trading platform; we appreciated that it is highly customisable and user-friendly. The platform offered us a wide range of order types and features a great search function.
Oanda’s customer service is available to users 24/5 across multiple channels including live chat, email or phone. However, users have complained that the broker makes it difficult to find a phone number to speak with a live representative. Their technical support has been described as “weak’ by users who are trying to resolve technical issues. These apps provide access to the same features as the web-based platform and are ideal on the go.
Forex Trading
Conducting a comparative analysis helps to bring aspects into perspective so that you’re aware of what you should anticipate. This comprehensive analysis of LunarCapital and OANDA has been revised to reflect any changes for 2025 from seasoned professionals with extensive financial experience in CFDs, Forex, & Social Trading. For Lunar Capital official site LunarCapital, if you are looking for a regulated platform, you must choose between its UK, AU or South African operations. 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 LunarCapital Markets arm is not subject to the same regulations as these entities.
OANDA and LunarCapital Mobile App Comparison
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. No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page. OANDA is the more popular broker worldwide based on the number of Google branded searches and visits to the website.
Lowest Spreads And Fees – Tie
The combination of proprietary and popular third-party platforms ensures that LunarCapital can cater to different trading styles and preferences. 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.
The broker also offers a comprehensive trading school for beginners, covering topics like technical analysis, trading psychology, and risk management. OANDA’s spreads are also competitive, with the typical spread on major currency pairs starting from 1.0 pip. However, OANDA’s spreads can fluctuate depending on market conditions, and traders can opt for tighter spreads on its Core Account, which uses a commission-based pricing model. Oanda predominantly provides commission-free trading, where spreads, subject to market conditions and account types, are the main expense incurred by traders. In comparison, LunarCapital has spreads that tend to be somewhat above the industry norm, and it also imposes an inactivity fee on traders’ accounts.
Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. OANDA has a lower minimum deposit requirement of $0 vs $50 from LunarCapital. Having said that, if you use cards or Trustly as your payment option, both channels require at least $25 or equivalent.
On the other hand, OANDA’s focus on user-friendly platforms and transparent pricing makes it an excellent choice for traders seeking simplicity and flexibility. Ultimately, the choice between LunarCapital and OANDA depends on your specific trading needs, including the types of instruments you want to trade, your experience level, and your preferred platform. Both brokers provide excellent customer support and competitive fees, making either a solid option for forex traders.
But this does not necessarily mean that online brokers don’t charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three different types of penalties for this objective.
Fees
Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels. The broker offers favorable conditions for long-term trading thanks to competitive spreads and swaps. With https://lunarcapital.net/ quality analytics and diverse educational materials, Oanda suits beginners and experienced traders. Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials. LunarCapital requires a $50 minimum deposit, while Oanda has a $0 minimum deposit, making it more accessible to traders with limited funds.
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios. When comparing the mobile trading apps of OANDA and LunarCapital, both brokers offer applications for iPhone and Android users. Each app provides essential features like stock and forex price alerts and the ability to draw trendlines, which can be handy for traders who need to perform quick analyses on the go. Both apps auto-save any chart drawings, providing a seamless experience as traders switch between time frames and analyses. When setting up a watchlist, both apps allow for real-time quotes, giving users quick access to live market information.