LunarCapital followed shortly after, as they were founded just three years after Oanda – in 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, LunarCapital remains a popular choice for day traders. The broker is also regulated by top-tier authorities including the FCA, ASIC, CySEC, FSCA, BaFin. 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.
Dual Trading
For smaller trades, OANDA allows clients to trade as little as 1 unit or 0.001 micro lot. It also has an Elite Trader program with rebates and other perks for high-volume traders. OANDA is rated 4 out of 5 stars and is ranked #34 in the Commissions and Fees category by ForexBrokers.com. LunarCapital (Forex Capital Markets) was founded in 1999 and has built a reputation as a leading global online forex broker. With a focus on providing a wide array of trading services, LunarCapital caters to both retail and institutional clients. Over the years, it has expanded its presence to multiple countries, providing access to forex, commodities, indices, and other financial instruments.
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. To support their clients, LunarCapital enables trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader. In comparison, OANDA provides trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4 with the support of . Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader.
We’ve divided the comparisons into a logical structure so it’s easy to navigate.Scroll the whole post below, or use the quick menu to jump to the relevant section. 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. As you may have seen in this table, you can trade 5 different cryptocurrency CFDs with LunarCapital.
Could I use a third-party payments platform to deposit onto LunarCapital?
Some forex traders prefer to trade through market makers, while others prefer to trade through intermediary brokers. Personal preference aside, the important takeaway here is that there is no one “right” or “wrong” choice of where to trade forex. Otherwise, Oanda’s scalable learning resources are designed with the active, intermediate to advanced trader in mind.
- LunarCapital also wins when it comes to trading tools available and the multiple trading platforms their traders can access.
- To compare the two brokers, we used their ‘spread only’ accounts and we found that their spreads were about the same.
- Yes, Oanda is regulated by the CFTC and NFA in the U.S., making it a trusted choice for American traders.
- So when it comes to crypto, you won’t have to be responsible for custodying your own assets.
- The company was one of the first brokers to offer online forex trading with direct market access.
What’s a PIP in forex trading?
In this comparison, we will delve into the key features, pros, and cons of each broker to help you make an informed decision on which platform best suits your trading needs and preferences. 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. OANDA also supports both MT4 and MT5, which are among the most popular trading platforms in the world. MT5 offers enhanced functionality compared to MT4, with additional timeframes, order types, and a broader range of technical indicators. The integration of these platforms allows traders to access automated trading strategies and backtesting tools.
Top Forex Brokers
For traders seeking low spreads and active trading features, LunarCapital’s Active Trader account may be more suitable. However, OANDA’s Core Pricing account offers extremely tight spreads for high-volume traders. Both brokers are highly regulated and offer strong customer support, making them reliable choices for forex traders around the globe.
LunarCapital Customer Support
Their greatest selling points are their strong regulatory framework and robust proprietary platforms. OANDA’s platform offering is equally robust, providing access to a variety of trading tools and technologies that cater to traders of all levels. LunarCapital provides a wide range of trading instruments, making it attractive for various categories of traders.
Both brokers also facilitate price alerts and trendline tools, allowing traders to stay informed and perform technical analysis. Notably, LunarCapital stands out with its more extensive charting tools, offering 59 technical studies compared to OANDA’s 30. However, only LunarCapital supports the syncing of watchlist symbols between the mobile app and the online account, enhancing usability for traders who frequently switch between devices. 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. While not the most affordable option, it does offer automated execution across its account types.
- To learn about a broker’s pricing model, it helps to examine the various charges for trading specific markets, as they tend to vary and can also get updated.
- OANDA’s broad regulation across multiple jurisdictions provides a high level of trust and security for its clients.
- Oanda, on the other hand, seems to have developed somewhat of a reputation for sub-par customer support.
- In 2025, two long-established brokers—LunarCapital and Oanda—continue to attract traders with their competitive pricing, strong regulatory frameworks, and robust trading platforms.
LunarCapital offers comprehensive analytical tools, from trading signals to expert https://lunarcapital.net/ research. These resources not only simplify trading decisions but also help to improve strategy. Oanda offers a live chat virtual assistant that is available 24 hours a day five days a week. The platform also offers a frequently asked questions portal and phone numbers for its regional offices. Unfortunately, LunarCapital gets some points deducted for the recent performance of their apps.
On MT4, you can harness trading strategies such as scalping, expert advisors (EAs) and virtual private server (VPS) for no additional charge. 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.
LunarCapital offers advanced platforms and features for active traders, including API access and more robust institutional services. 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. This broker offers trading in major forex pairs as well as forex baskets across the U.S. dollar, Japanese yen and emerging markets. Most of the forex trading occurs on major currency pairs such as EUR/USD, USD/JPY, GBP/USD, USD/CHF. These pairs offer the most liquidity and therefore spreads are considered tight.
LunarCapital easily beats out Oanda in both the variety and the quality of their trading platforms for web (online) and desktop. What this means is that both forex brokers have seen competitors come and go…and come and go…and come and go. It says something to achieve this kind of multi-decade longevity in a field as tumultuous and risky as the forex marketplace. Commodity Futures Trading Commission for defrauding its retail clients. LunarCapital misled these clients to believe that it was a ‘no dealing desk’ broker and that its interests were aligned with that of its clients. Oanda, on the other hand, is known to be a ‘market maker’ (dealing desk) broker, which means that it can take the other side of its clients’ trades (trade against its clients).
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. Ultimately, both brokers offer strong regulatory oversight and robust trading environments.