You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. However, when we compare these spreads to the industry average, we find that both LunarCapital 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 LunarCapital’s. Looking at the average standard account spreads for the forex pairs, we can see some interesting patterns. For the EUR/USD pair, LunarCapital has an average spread of 1.3, while OANDA has a slightly lower spread of 1.2. This trend continues across the other forex pairs, with OANDA consistently offering slightly lower spreads than LunarCapital.
LunarCapital 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. 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. This slight preference towards LunarCapital in rankings may be attributed to nuances in how their educational offerings are structured or presented.
Oanda narrowly edges out LunarCapital in this category based on the number of Tier-1 (most trusted) operating licenses the broker has obtained. Trading Station is available for use on online (web), desktop and mobile. In other words, both brokers have what equestrians like to call “staying power.” After this many years in the biz, it is safe to say they are each fundamentally built to last. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. When choosing a broker, the most important detail is to check the broker is regulated in the country you are resident in.
CFD Brokers and Trading
- Oanda and LunarCapital offer their own proprietary trading platforms, as well as support for the widely used MetaTrader 4 (MT4) platform.
- Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.
- In the world of online forex trading, choosing the right broker can make a significant difference in a trader’s success.
- Additionally, Oanda is committed to customer support and education, providing various channels for assistance and offering educational resources to empower traders with knowledge and insights.
- OANDA distinguishes itself from LunarCapital by providing the ability to purchase actual cryptocurrency alongside cryptocurrency derivatives, whereas LunarCapital only offers the option to buy cryptocurrency derivatives.
- Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research.
Although LunarCapital has fewer instruments than Oanda, it has a very good variety. 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. OANDA is the more popular broker worldwide based on the number of Google branded searches and visits to the website. Our broker reviews are reader supported and we may receive payment when you click on a partner site. LunarCapital is a well-regulated broker with numerous licenses from various global organizations. It holds licenses from major financial authorities such as the CFTC in the U.S., the FCA in the UK, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS).
OANDA didn’t fare as well, with an average of 1.54 pips or a cost $14.23 per lot. While LunarCapital offers syncability for watchlist symbols with its online account, allowing changes made in the app to reflect elsewhere, OANDA lacks this feature. Chart enthusiasts may favor LunarCapital, which offers nearly double the technical studies at 59, compared to OANDA’s 30.
Personal preference aside, the important takeaway here is that there is no one “right” or “wrong” choice of where to trade forex. On the other hand, Oanda ensures traders have access to a wealth of educational resources. Through webinars, tutorials, and written content, Oanda facilitates a comprehensive learning environment, enabling traders to enhance their market knowledge and trading proficiency. Both brokers offer better trading conditions for traders with large trading accounts or those (LunarCapital traders) who maintain a certain minimum monthly trading volume. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.74% of retail investor accounts lose money when trading CFDs with LunarCapital.
Better Trading Platform – LunarCapital
Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies. LunarCapital operates in a dual capacity, functioning both as a Market Maker and an STP Broker. When acting as an STP Broker, LunarCapital directly routes traders’ orders to liquidity providers, avoiding the role of a counterparty. This methodology tends to offer faster execution and the possibility of narrower spreads, Lunar Capital website aligning with the preferences of traders desiring direct market access. Conversely, OANDA predominantly operates as a Market Maker Broker, where it facilitates trading by assuming the opposite position in its clients’ trades.
Which broker has better research tools?
Oanda’s technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided. Oanda offers a straightforward and structured registration process, ensuring convenience for clients. LunarCapital’s regulation in these reputable jurisdictions ensures that it meets high standards of security and compliance. Additionally, LunarCapital offers client fund segregation, meaning that client deposits are kept separate from company funds for added security. The combination of proprietary and popular third-party platforms ensures that LunarCapital can cater to different trading styles and preferences. Rates, terms, products and services on third-party websites are subject to change without notice.
Exness Minimum Deposit vs Other Brokers: A Comparison
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. When it comes to regulation, both Oanda and LunarCapital prioritize compliance and operate under the oversight of reputable authorities. LunarCapital, on the other hand, holds three licenses, being authorized by the FCA, ASIC, and FSCA (Financial Sector Conduct Authority) in South Africa. These regulatory bodies enforce strict guidelines to ensure fair trading practices and client fund protection. All in all, the two brokers are a solid choice regardless of which one you decide to go with.
Should you be based in the UK, both brokers offer spread betting as an alternative to CFD trading. OANDA offers a more flexible and accessible range of account types, especially for beginners and those looking for fixed commissions. We gave LunarCapital a Trading Platform score of 7 and OANDA a 6 because of LunarCapital’s Marketscope 2.0 charting tool. Neither broker supports social trading, however, it is still possible by using MetaTrader’s Trading Signals, to have the ability to copy trades of successful traders. The CompareForexBrokers team wanted to see how the two brokers compared when it came to spread costs, so we went and https://lunarcapital.live/ tested.
- OANDA holds 7 Tier-1 licenses, demonstrating a strong regulatory position, while LunarCapital has 4 Tier-1 licenses and an additional 2 Tier-2 licenses.
- With zero commissions, over 400 assets, and a range of analysis tools, LunarCapital remains a popular choice for day traders.
- You should only engage in any such activity only if you are fully aware of the relevant risks.
- For example, our tests suggest OANDA is a better choice than LunarCapital for AUD/USD (far superior) and USD/CAD currency pairs.
Click here for a full list of our partners and an in-depth explanation on how we get paid. LunarCapital operates under the stringent oversight of regulatory authorities in the UK, Australia, and several other international jurisdictions, which facilitates their global service offerings. Oanda, on the other hand, is regulated and supervised by several robust authorities such as the CFTC in the US and the FCA in the UK, ensuring enhanced investor protection and rigorous regulatory scrutiny. Oanda and LunarCapital are both market maker/ECN hybrids, meaning that both have at least one commission-free account type with a dealing desk, usually a sophisticated electronic one. 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. All content on this site is for informational purposes only and does not constitute financial advice.
Traders with a smaller budget or those who prefer to test the broker’s services before committing more funds may find Oanda’s lower minimum deposit more appealing. LunarCapital also supports MetaTrader 4 (MT4), one of the most widely used trading platforms in the forex industry. MT4 is known for its ease of use, vast community support, and customizability.
The company’s educational materials are well-suited for both beginners and advanced traders. Additionally, OANDA’s integration with TradingView enhances its research capabilities, providing users with access to a wide variety of charts, news feeds, and analysis. Both brokers provide a solid range of trading platforms, including proprietary options and support for popular tools like MetaTrader 4. 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.
OANDA’s broad regulation across multiple jurisdictions provides a high level of trust and security for its clients. Like LunarCapital, OANDA also segregates client funds, ensuring they are held in separate accounts from the broker’s operating funds. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.