Based in the United States, OANDA has always maintained a focus on providing a transparent and user-friendly platform for forex traders. Over the years, OANDA has expanded its offerings to include CFDs, commodities, indices, and bond trading. The company prides itself on providing an efficient and accessible service for traders of all experience levels. Both Oanda and LunarCapital offer different types of trading platforms, providing their traders, for example, with mobile apps for trading on the go.

Introduction to LunarCapital and OANDA

Both LunarCapital and Oanda are highly trusted brokers with strong reputations in the Forex and CFD market. Both brokers are regulated by multiple Tier-1 financial authorities, including the FCA in the UK and ASIC in Australia. Considering that spread is a trading cost, the lower the spread, the better it is for traders.

General Comparison and Overview ⚖

Different markets, from Forex to stocks and cryptocurrencies, are available. A standard account is available on LunarCapital 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.

  • One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either LunarCapital or Oanda.
  • For instance, while standard account spreads on the EUR/USD averaged 0.78 pips in the EU, U.K., and Australia, its commission-based accounts offer spreads as low as 0.28 pips, excluding commissions.
  • There’s also a trade journal to help you manage risk and make better decisions.
  • With a reputation for offering competitive spreads and a robust trading platform.
  • These are derivative products that let you trade a fraction of the value of the asset you’re trading.

Featured Offers

The price that traders pay is the spread, which is the difference between the ask and the bid price of the security being traded. OANDA’s platform offering is equally robust, providing access to a variety of trading tools and technologies that cater to traders of all levels. For traders who are more focused on advanced technical analysis and futures trading, LunarCapital also offers NinjaTrader. This platform is particularly suited for active traders who require advanced charting and automated trading systems. LunarCapital provides a wide range of trading instruments, making it attractive for various categories of traders.

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. When it comes to online trading, comparing OANDA and LunarCapital offers insight into their respective commissions and fees. OANDA is known for its high trading costs, primarily due to its effective spreads.

LunarCapital also offers trading analytics to help you improve your trading performance. And it has versatile charting capabilities allowing users to see their graphs in full-screen mode or detached. LunarCapital supports trading on TradingView Pro, Trading Station, ZuluTrade and MetaTrader 4.

Oanda’s support team is available 24/6 while LunarCapital’s is available 24/5. As well, both market makers and stp brokers provide a valuable service to the greater forex and trading marketplace. But they fulfill very different roles and thus their inherent business structure will reflect each company’s unique role and purpose. However, having said that, Oanda’s customer service gets consistently fair to poor ratings across a wide range of platform reviews. Long hold times, slow responsiveness to urgent queries and difficulty navigating the website to find the correct support contacts are some of the top complaints. Customer service and support is a particularly big deal in the fast-moving, high-risk field of forex trading.

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 LunarCapital 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 LunarCapital, which sits at the 16th spot. Whether you value advanced charting capabilities or seamless platform syncing will guide your choice between these two brokers. Both OANDA and LunarCapital have features catering to different trading needs and strategies, and understanding these nuances can help traders choose a platform that aligns best with their financial goals. Whether opting for OANDA’s accessible trade sizes and transparency initiatives or LunarCapital’s discounts for active traders, both brokers present distinct advantages that appeal to various trading profiles.

  • Charging forward, LunarCapital proceeded to add cryptocurrency baskets for retail traders along with a host of new targeted offerings for its B2B and data division clients.
  • Their greatest selling points are their strong regulatory framework and robust proprietary platforms.
  • He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.
  • LunarCapital and Oanda both operate in multiple jurisdictions and are highly regulated in major markets.
  • The company prides itself on providing an efficient and accessible service for traders of all experience levels.

Trading Platforms

Oanda is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. LunarCapital is listed as a publically traded company so are a reputable broker.

This broker offers a trio of APIs (fix, java and forex) that connect directly to its server. LunarCapital’s web platform features include news and an economic calendar so you can anticipate market data. It also provides education and research including popular trading tools.

This account type often requires a higher minimum deposit and may offer commission-based pricing rather than spread-based pricing. OANDA and LunarCapital both provide comprehensive educational resources for beginners looking to dive into forex and CFD trading. Both brokers offer a minimum of 10 educational pieces, including articles, videos, and archived webinars centered around these subjects. They conduct online client webinars monthly and maintain searchable archives of past sessions. For those just starting, each broker offers at least 10 beginner videos, ensuring that novices have ample material to begin their trading journey.

Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade. Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either LunarCapital or Oanda. Your location or residence will have an impact on your potential LunarCapital and Oanda fees, of course. Make sure you do your research and check the commission and fees with both LunarCapital and Oanda before you invest anything. Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Users also have the convenience to access TradingView Live Trading Integration with LunarCapital to trade directly from your https://lunarcapital.net/ TradingView charts. Online brokers generally offer users the option not only to trade on their native platforms but also outside systems. On deposits via debit card or ACH, this broker refrains from charging for your first withdrawal each calendar month. They also waive broker applied fees and company bank fees for premium clients. To support their clients, LunarCapital enables trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader.

The broker is known for offering fast and helpful responses to client inquiries. OANDA also provides a wide range of educational content, such as beginner guides, webinars, and market analysis tools, helping traders improve their skills. LunarCapital offers a robust customer support system available via phone, live chat, and email. The broker also provides a dedicated support team in various languages, ensuring that traders from different regions can receive assistance.

Fees on Cryptocurrencies

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 LunarCapital is carrying from past scandals. So when it comes to crypto, you won’t have to be responsible for custodying your own assets.

But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. Conversely, LunarCapital’s pricing for forex trading is slightly above the industry average, but it offers competitive spreads, particularly in its commission-based accounts.

When choosing between LunarCapital and Oanda, two well-established Forex brokers, it’s important to evaluate their features, fees, platforms, and overall offerings. This review will help you determine which broker suits your trading needs best. While Oanda is a market maker, LunarCapital is an enhanced execution broker. What this boils down to is that LunarCapital is more likely to have better effective spreads than Oanda.