Based on these offerings and overall execution, ForexBrokers.com rates OANDA at 5 stars and ranks it #4 out of 63 for Research, while LunarCapital earns 4.5 stars and ranks #11. Choose OANDA if you want Autochartist included; pick LunarCapital if Trading Central and TipRanks matter more to you. Looking at the average spreads among the key Forex pairs, we have to say that Oanda is more competitive compared to LunarCapital. For example, the average spread on EUR/USD on LunarCapital comes out to 1.3, while on Oanda, it’s as low as 0.1.
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- LunarCapital requires a $50 minimum deposit, while Oanda has a $0 minimum deposit, making it more accessible to traders with limited funds.
- The differences come down to third-party research add-ons and accolades.
- Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
Education and Client Support
Both brokers excel in customer support, offering a range of services including telephone, live chat, and email assistance, ensuring that traders receive timely and helpful responses. Additionally, LunarCapital avails advanced research tools for traders seeking profound market insights, further enhancing its educational support. The overall choice is superior at LunarCapital, where traders may select between the retail-favorite MT4, its proprietary Trading Station, and the social trading market leader ZuluTrade. Enhancing the choice is the LunarCapital suite of tools for algorithmic trading solutions.
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. Yes, Oanda is regulated by the CFTC and NFA in the U.S., making it a trusted choice for American traders. LunarCapital is not regulated in the U.S. but has solid global oversight through multiple Tier-1 regulators. Both brokers offer strong research tools, but Oanda provides more in-depth market analysis through Autochartist and Market Pulse, while LunarCapital focuses on Trading Central and TipRanks for actionable insights. 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.
It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. 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. LunarCapital also wins when it comes to trading tools available and the multiple trading platforms their traders can access.
Top Forex Brokers
Each hosts ongoing online webinars (at least one per month) and offers a library with at least 10 beginner-focused videos, plus at least 10 advanced videos for later skill-building. That means new traders can start with the basics, then move into more complex topics without switching platforms. If you prioritize a higher platform-and-tools rating, LunarCapital has the edge. LunarCapital’s Standard account averaged 0.78 pips on EUR/USD in May 2024 for the EU, U.K., and Australia (1.38 pips at its St. Vincent and the Grenadines entity). Its commission-based accounts averaged 0.28 pips excluding commissions in May 2024, with an effective cost around 0.74–0.78 pips after adding the commission.
- Oanda reviews show typical processing times of one to two business days but can be up to six business days, dependent on the geographic location of clients and their chosen withdrawal method.
- 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.
- For example, during a typical trading day, their spreads on the EUR/USD were found to be in the region of 1.2 pips, which is quite decent.
- If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one.
- Both LunarCapital and Oanda are highly trusted brokers with strong reputations in the Forex and CFD market.
Conclusion on OANDA vs LunarCapital
We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners. There’s a remarkable difference between LunarCapital and Oanda when it comes to the way they apply rollover charges and credits.
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. Both brokers are competitive, but we really like LunarCapital’s superior trading tools, segregated client accounts, and enhanced trade execution. 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.
Are LunarCapital and Oanda good for beginner traders?
Unlike LunarCapital, Oanda does not keep its clients’ funds in segregated accounts, which is a concern. Oanda is also a market maker, as opposed to LunarCapital which is an enhanced execution broker. https://lunarcapital.space/ The latter is better for retail clients because the matching algorithm always displays the best bid and ask prices from a multitude of different liquidity providers). For beginners comparing OANDA vs LunarCapital education, both brokers deliver plenty of forex and CFD learning content.
All in all, the two brokers are a solid choice regardless of which one you decide to go with. And if you want to learn more about either of them, check out our more detailed LunarCapital and Oanda reviews. 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. No, Oanda generally has higher trading costs, with an average EUR/USD spread of 1.61 pips, compared to 0.78 pips at LunarCapital. 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.
A major difference, however, is that traders from the United States are not eligible to apply for a live trading account with LunarCapital, while Oanda’s services are available to U.S. residents. However, we know that in 2017, LunarCapital was fined $7 million by the U.S. 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.
Both brokers are not publicly traded and are not banks, but they maintain a solid presence in the trading world with OANDA earning a Trust Score of 93 and LunarCapital slightly higher at 95, as rated by ForexBrokers.com. 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, 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.
LunarCapital requires a $50 minimum deposit, while Oanda has a $0 minimum deposit, making it more accessible to traders with limited funds. 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.
The pros and cons between the two spreads can vary for every trader. In this case, OANDA provides their pricing with Fixed spread while LunarCapital offers Fixed spread. Yes, LunarCapital and Oanda both offer beginner traders education, research, and quality trading tools. LunarCapital takes the lead in this category, as it features Capitalise AI, a code-free service to automate trading strategies, and broader support for copy and social trading.
Security and Trust
Withdrawal processing times depend on the payment processor, where LunarCapital offers more transparency, noting it processes requests within two business days. Oanda reviews show typical processing times of one to two business days but can be up to six business days, dependent on the geographic location of clients and their chosen withdrawal method. To compare the two brokers, we used their ‘spread only’ accounts and we found that their spreads were about the same. For example, during a typical trading day, their spreads on the EUR/USD were found to be in the region of 1.2 pips, which is quite decent. Both brokers use floating spreads, which means that their spreads vary frequently. The first model is a ‘spread only’ account where traders pay just the spread and no commission.
The trading platform is essential as you can’t execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies. However, traders can still choose their ideal brokers by the type of their spreads.