We gave LunarCapital a Trading Platform score of 7 and OANDA a 6 because of LunarCapital’s Marketscope 2.0 charting tool. Like LunarCapital, OANDA has a commission account called their Cores spread account, and it is available in Australia, Singapore and the US. This account has a fixed rather than a tiered commission for each lot, this being $7.00 per lot, which in our experience, is the standard amount most brokers charge. In this review, we looked at how the Forex broker OANDA and LunarCapital compare. Both have their own trading platform plus MT4 and TradingView, along with (mostly) no commissions. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence.
In terms of overall pricing, OANDA appears to be slightly more cost-effective for those who qualify for the Core Pricing account, especially if they trade large volumes. OANDA’s Standard Account provides access to the broker’s full range of trading instruments. The account comes with variable spreads and the ability to trade on OANDA’s proprietary platform or third-party platforms like MT4 and MT5. LunarCapital also offers a demo account for traders who want to practice their strategies or familiarize themselves with the platform. The demo account allows users to trade in real market conditions without risking real money. LunarCapital offers a wide choice of trading platforms with high functionality, meeting the needs of different traders.
LunarCapital vs OANDA, Updated for 2025
Founded in 1999, LunarCapital quickly grew into a globally recognized broker, offering online forex and CFD trading to retail clients. Over the years, the company expanded its services to various financial markets, including commodities, indices, and cryptocurrencies. LunarCapital has also developed its own proprietary trading platforms and provided access to major and minor currency pairs, along with several other trading instruments. In the world of forex trading, the choice of a broker plays a crucial role in the overall trading experience.
MT4 on Oanda offers tailored layouts, plug-ins and an easy-to-navigate interface. OANDA Trade is a web-based platform but there are also apps for mobile devices and tablets. But Oanda offers more options with either a spread-only or a core-pricing plus commission model. On LunarCapital, users should be aware that while there are no fees for withdrawals via credit card or debit card, the broker does charge a $40 withdrawal fee for all bank wire requests. This broker also charges an inactivity fee if there are no trades executed over a 12-month period. Also, it helps to know that the minimum amount to open an account on LunarCapital is $50.
How To Start Investing With No Money
- However, OANDA stands out by offering a more extensive selection of e-payment methods.
- In comparison, LunarCapital provides trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader with the support of .
- LunarCapital offers a robust customer support system available via phone, live chat, and email.
- LunarCapital is not regulated in the U.S. but has solid global oversight through multiple Tier-1 regulators.
MT4 is known for its ease of use, vast community support, and customizability. LunarCapital’s version of MT4 allows for automated trading via Expert Advisors (EAs) and offers a wide range of indicators and charting tools. These regulatory bodies impose stringent requirements on brokers to ensure fair practices, transparency, and the safety of client funds. LunarCapital also offers negative balance protection, meaning traders cannot lose more than the amount in their account. However, traders can still choose their ideal brokers by the type of their spreads.
Oanda offers a broad range of trading instruments, including Forex, commodities, indices, spread betting, futures, and bonds, giving traders access to various asset classes. LunarCapital also provides an extensive selection of trading instruments, covering Forex, indices, commodities, cryptocurrencies, and spread betting, offering a comprehensive choice of markets to trade. Choosing between OANDA and LunarCapital comes down to your personal preferences for educational resources, as both brokers offer an extensive range of educational materials to support beginners. Additionally, each broker hosts regular online educational webinars and maintains a searchable archive of these sessions. For users looking for video content, OANDA and LunarCapital both offer more than 10 beginner-specific educational videos, with plenty of advanced content available as well. Furthermore, both brokers feature comprehensive investor dictionaries with definitions for over 50 investing terms, enhancing your understanding of financial jargon.
Despite these differences, OANDA boasts a slightly higher https://lunarcapital.live/ rating of 5 stars for its mobile app against LunarCapital’s 4.5 stars. Oanda also lets you trade cryptocurrencies like bitcoin or Ethereum via CFDs on the Oanda mobile app or its platform. Oanda offers crypto spot trading through its partner and crypto service provider Paxos.
In this case, OANDA provides their pricing with Fixed spread while LunarCapital offers Fixed spread. LunarCapital and OANDA have carefully constructed trading costs – the Cost Score between the two is a tie with scores of 6 each. We elected to focus our comparison on the no-commission account since the is the most popular option retail traders are likely to use, which we assume our readers will be. LunarCapital won on this, but OANDA does have lower minimum deposits and inactivity fees, which allowed them to gain ground. This slight preference towards LunarCapital in rankings may be attributed to nuances in how their educational offerings are structured or presented. Whichever option you choose, both brokers have demonstrated a strong commitment to providing educational support for aspiring traders.
- The platform features competitive spreads, real-time market data, and sophisticated charting capabilities to aid in technical analysis.
- We found that LunarCapital and OANDA are close in this category, but LunarCapital edged out OANDA.
- Known for slightly higher pricing than the industry average, LunarCapital offers spreads averaging 0.78 pips on the EUR/USD for its EU, U.K., and Australia offerings.
- The platform features advanced charting capabilities, real-time market data, and access to various financial instruments.
- LunarCapital also offers a selection of articles broken down by experience level, catering to beginner, intermediate, and advanced traders.
- In this head to head comparison of OANDA vs LunarCapital, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more.
The rise of the internet has paved the way for online brokers, which in turn have given individual investors the same access to global markets as institutional investors. Thanks to online brokers, traders have tools at the fingertips that can transform them from a novice into a pro. LunarCapital offers multiple channels for customer support, including email, phone, and live chat. The company’s support team is available 24/5, ensuring that traders can get help when they need it. LunarCapital also has a comprehensive FAQ section on its website, which can help resolve common queries quickly.
Brokers By Country
Both OANDA and LunarCapital offer rebate programs for active traders, rewarding higher trading volumes with financial incentives. While LunarCapital’s Active Trader Program offers a maximum rebate of $25 per million traded for top-tier members, OANDA provides rebates ranging from $5 to $17 per million. However, other brokers like Tickmill and LunarCapital may offer even more competitive pricing for high-frequency traders. As such, while both OANDA and LunarCapital provide benefits through their fee structures, individual trading needs and volumes will determine the most cost-effective choice.
Rollover/Swap Charges
OANDA’s commitment to providing versatile platform choices ensures that both beginner and advanced traders can find the right tool for their trading style. Both brokers are known for offering competitive spreads, although LunarCapital official site there may be slight differences between the two. Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) for engaging in deceptive practices and failing to disclose certain material information to customers.
In this no-nonsense comparison, we’ll break down everything you need to know about these two popular brokers. When you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, funding rate, or even a commission. The kinds of trading charges and the rates vary from broker to broker. LunarCapital and OANDA are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill.
Trading Costs and Fees
These resources not only simplify trading decisions but also help to improve strategy. Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply. To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. In comparison, LunarCapital provides trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader with the support of . LunarCapital operates under the stringent oversight of regulatory authorities in the UK, Australia, and several other international jurisdictions, which facilitates their global service offerings. Commodity Futures Trading Commission for defrauding its retail clients.
Finally, LunarCapital has a withdrawal commission, which is also something to take into account. Explore the differences between LunarCapital and Oanda to identify the best broker for your Forex trading needs. There’s a remarkable difference between LunarCapital and Oanda when it comes to the way they apply rollover charges and credits.
We found it surprising that OANDA doesn’t have shares trading with CFDs, not just because most forex brokers offer this, but because OANDA is such a major global broker. LunarCapital desktop version stood out more because of their Trading Station. For us, one of its main highlights is the Marketscope 2.0 charting tool, which offers powerful charting capabilities that run parallel to the main platform window. Trading Station is a strong competitor to MetaTrader and features complex back-testing options, such as accounting for potential historical slippage and trading costs. Based on this data, I would argue that OANDA is the cheaper option in terms of spreads.
For example, a trader is more likely to have his orders executed at the specified/desired price or even at a better price (positive slippage). In LunarCapital’s app store, you can access various types of technical indicators, add-ons, and automated trading strategies (trading bots). 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.
For more experienced traders or those with a higher trading volume, the Active Trader Account offers additional features such as lower spreads and access to advanced trading tools. This account type often requires a higher minimum deposit and may offer commission-based pricing rather than spread-based pricing. When comparing OANDA and LunarCapital for their range of investments, both platforms offer forex trading options as either Contracts for Difference (CFDs) or spot contracts. OANDA supports an impressive total of 3,928 tradeable symbols, including 68 forex pairs, providing a diverse array of investment opportunities.