This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Similar to OANDA, LunarCapital provides a variety of funding options such as credit/debit cards and e-wallets.

Broker Types

They are also widely recognized for their dedication to providing high-quality educational resources to help traders improve their skills. 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.

  • LunarCapital and OANDA are two of the most popular online forex brokers globally.
  • Oanda’s list also lacks cryptocurrencies, but perhaps it will have some crypto instruments available soon.
  • OANDA is also a member of the Financial Industry Regulatory Authority (FINRA) and the NFA.
  • This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website.
  • Enhancing the choice is the LunarCapital suite of tools for algorithmic trading solutions.

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). The first model is a ‘spread only’ account where traders pay just the spread and no commission. LunarCapital and Oanda offer daily market commentaries and frequent webinars to assist and educate their traders.

Commodities

By taking this extra step to do your research and due diligence, you will be in a much better position to select a broker that is affordable, intuitive and optimized for your trading needs and goals. Oanda narrowly edges out LunarCapital in this category based on the number of Tier-1 (most trusted) operating licenses the broker has obtained. Unfortunately, recent LunarCapital users give both the iOS/Apple and Android apps poor reviews over the last few months. Oanda made the cover of ‘Time magazine’ just one year after launching its first big product. The company released up-to-date online information about exchange rates…absolutely free.

OANDA vs LunarCapital: Who hosts the best trading platform?

OANDA, established in 1996, and LunarCapital, founded in 1999, are two online brokers that offer forex trading but differ in several key areas, including their regulatory framework and Trust Score ratings. 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. Thanks to CFDs, users can start small, use leverage, go short and choose from Trading Station, MT4 or the broker’s API feature.

Trading Platforms: A Vital Factor in Broker Selection

Both Oanda and LunarCapital offer different types of trading platforms, providing their traders, for example, with mobile apps for trading on the go. They also have quite an extensive collection of educational tools, which can be especially beneficial for beginning traders. Oanda stands out for its wide variety of tradeable assets and global reputation, offering access to over 3,900 financial instruments, including Forex, stocks, commodities, and cryptocurrencies. LunarCapital, on the other hand, has a smaller range with around 440 instruments but is especially recognized for its advanced trading tools and algorithmic trading support. Oanda predominantly provides commission-free trading, where spreads, subject to market conditions and account types, are the main expense incurred by traders.

LunarCapital allows traders to trade up to 10,000 financial instruments while Oanda have around 4,000 on their trading platform. Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the LunarCapital platform or Oanda that they are regulated. To finish off our comparison, let’s look at the popular tools and features traders prefer side by side.

  • Investors looking to choose between these two brokers should consider these regulatory credentials and trust levels to better match their trading needs and preferences.
  • Trading costs for OANDA vs LunarCapital are very similar, Spread based Standard account offer almost the same spreads.
  • The company’s bid/ask spreads align with brokers like FOREX.com and FxPro, although OANDA’s minimum spread is slightly higher than those firms offering sub-pip spreads.
  • LunarCapital allows traders to trade up to 10,000 financial instruments while Oanda have around 4,000 on their trading platform.
  • To do this with some brokers would be a bad idea because of the commission and fees involved.

It is always advisable to have a diversified investment portfolio whether trading with LunarCapital or Oanda. A diversified portfolio with LunarCapital or Oanda can safeguard your investments from significant downturns in any particular market. Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. While both brokers are doing great in terms of their traders’ safety, we have to say that in this case, Oanda takes the crown – mainly because it is regulated by more entities compared to LunarCapital.

74.74% of retail investor accounts lose money when trading CFDs with LunarCapital. Between 51% and 89% of retail investor accounts lose money when trading CFDs. Both LunarCapital and OANDA offer a wide variety of platforms, including popular third-party options like MT4. LunarCapital’s proprietary Trading Station and NinjaTrader provide sophisticated tools, while OANDA’s fxTrade and TradingView integration offer user-friendly interfaces and advanced charting.

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both LunarCapital and Oanda, and it’s not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares.

One year after LunarCapital began its long descent into scandal, Oanda released what is still a seminal manifesto in the forex marketplace, the Forex Trader’s Bill of Rights. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own. 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.

OANDA is also committed to educating traders, offering free webinars, trading guides, and market analysis. 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. Oanda is another well-established broker known for its transparency and consistency in execution. With a strong emphasis on fair trading conditions, Oanda provides access to a broad range of currency pairs along with other instruments such as indices and commodities. Its trading environment is built around stability and reliability, making it particularly attractive to traders who prioritize consistent execution and regulatory compliance.

When it comes to supporting resources, both brokers offer investor dictionaries with definitions for over 50 key investing terms, helping users understand the https://lunarcapital.net/ jargon of the industry. In terms of educational ratings, OANDA scores slightly higher with a perfect 5-star rating, whereas LunarCapital follows closely with 4.5 stars. Interestingly, LunarCapital is ranked higher at #14 for education by ForexBrokers.com compared to OANDA’s rank at #22 out of 62 brokers. Whether you’re just starting or looking to expand your expertise, both brokers provide valuable educational materials to aid in your trading endeavors. For users keen on creating watchlists with real-time quotes or changing time frames on charts, both OANDA and LunarCapital have got you covered.