LunarCapital vs Oanda Comparison 2024

LunarCapital user complaints largely have to do with funds taking too long to settle in their respective accounts. Even a “rapid transfer” feature has customers waiting for days for their deposit to arrive with seemingly no reasonable explanation. LunarCapital, on the other hand, is regulated by two Tier 1 entities – the Australian Securities and Investment Commission and the Financial Conduct Authority.

• In these jurisdictions, it is regulated by the UK’s Financial Conduct Authority, the Australia Securities and Investment Commission and South Africa’s Financial Sector Conduct Authority.
• 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.
• With zero commissions, over 400 assets, and a range of analysis tools, LunarCapital remains a popular choice for day traders.
• OANDA offers 24/5 customer support through live chat, email, and phone, catering to traders around the globe.

What’s a PIP in forex trading?

LunarCapital has an edge in offering multiple account types, while Oanda excels in transparent pricing and a wider range of trading instruments. Ultimately, the choice between LunarCapital and Oanda will depend on each trader’s individual needs and preferences. Both brokers are reputable and well-regulated, providing a secure trading environment. Oanda is a reputable online broker that offers a diverse range of trading instruments and a user-friendly trading platform.

• LunarCapital provides news updates on markets like forex and cryptocurrencies as well as market data and other forex and CFD resources plus investment insights.
• LunarCapital is behind Trading Station, an early trading platform that gave traders direct access to the forex market.
• In addition to forex, this broker supports trading in single-share CFDs, indices, commodities, and cryptocurrencies.
• Based on this data, I would argue that OANDA is the cheaper option in terms of spreads.
• The FCA , by which LunarCapital is regulated, requires LunarCapital to ensure a clear segregation between money belonging to retail clients and money that belongs to itself.

We have attempted to breakdown all the features and fees for your advantage. Our entire LunarCapital vs OANDA Review covers everything you will need to know about trading with either LunarCapital or OANDA. A fantastic agent can multiply your initial investments and provide you favorable profits. If you would like to make profits, you should trade with a broker service that contrasts with your investment objectives.

Trading Station lets you pre-load tools like real volume, market depth and trader sentiment. You can personalize your platform by downloading indicators, creating watchlists and customizing layouts to better equip the platform to match your strategy. Users also have the convenience to access TradingView Live Trading Integration with LunarCapital to trade directly from your TradingView charts.

There’s absolutely no sure-fire method to ensure profits; thus, you should carefully analyze your broker before you choose them. It’s a frequent misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger. Our LunarCapital vs OANDA comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust LunarCapital and OANDA side by side. Among them, in 2015, LunarCapital found itself short on cash after the Swiss National Bank suddenly decided to lift a cap it had on the Swiss franc at the time. As a result, customers ended up with negative balances, causing the broker’s equity balance to come up short by hundreds of millions of dollars.

Condiciones de Trading Especiales

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. When it comes to market research, both OANDA and LunarCapital offer daily market commentary and provide forex news from esteemed sources like Bloomberg and Reuters.

Special Trading Conditions

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. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users. Our proprietary rating algorithm takes all of the datapoints to generate the rating.

Account Types and Fees

These distinctions highlight the nuanced offerings of each broker, allowing traders to choose based on their specific market research needs. 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. 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.

Both LunarCapital and OANDA offer excellent customer support and educational resources. While LunarCapital may have a slight edge in terms of offering more varied educational tools, both brokers ensure that their clients have access to the help they need to succeed in the markets. Both brokers provide a solid range of trading platforms, including proprietary options and support for popular tools like MetaTrader 4. 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.

In these jurisdictions, it is regulated by the UK’s Financial Conduct Authority, the Australia Securities and Investment Commission and South Africa’s Financial Sector Conduct Authority. The broker’s LunarCapital Markets arm is not subject to the same regulations as these entities. LunarCapital and Oanda both operate in multiple jurisdictions and are highly regulated in major markets. LunarCapital has fewer user complaints about customer service and more positive experiences vs. Oanda.

LunarCapital Vs Oanda Managed Account

Through a partnership with Jefferies Group, LunarCapital offers a professional trading service for financial institutions and sophisticated traders. Whether it’s foreign exchange (forex), shares, bonds, commodities or cryptocurrencies. The rise of online brokers and mobile trading has been a major milestone that has helped to level the playing field for investors.

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. LunarCapital and Oanda offer daily market commentaries and frequent webinars to assist and educate their traders.

In terms of additional resources, LunarCapital differentiates itself by providing market research from TipRanks, something OANDA does not offer. Despite these differences, OANDA’s LunarCapital cheating research capabilities shine through with a perfect five-star rating and a #5 ranking out of 63 brokers, according to ForexBrokers.com. In comparison, LunarCapital is rated 4.5 stars and holds the #11 position in the same category.

They’re charged for operations like depositing money, not trading for lengthy periods, or withdrawals. Customers who have had a positive experience have praised LunarCapital’s instructions for opening an MT4 trading platform account. Users have also walked away pleased with LunarCapital’s chat feature, which they described as “awesome.” This particular user noted that the representative knew their stuff.

We tested the Execution Speeds of LunarCapital and found they have an average execution speed of 108 ms for Limit Orders and 123 ms for Market Orders. In our case, though, we found that LunarCapital and OANDA provided consistent low spreads without manipulation, so you shouldn’t concern yourself if the broker has a dealing desk or not. We found that LunarCapital and OANDA are close in this category, but LunarCapital edged out OANDA. Of course, if we had chosen different currency pairs or tested on a different date, the results might have been different. For example, our tests suggest OANDA is a better choice than LunarCapital for AUD/USD (far superior) and USD/CAD currency pairs. 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.

To finish off our comparison, let’s look at the popular tools and features traders prefer side by side. In my opinion, OANDA is the superior https://lunarcapital.live/ choice for Australian Forex traders. Both OANDA and LunarCapital are ASIC regulated, but OANDA has a more comprehensive offering for the Australian market. If you’re an Aussie trader, you might find this list of the Best Forex Brokers In Australia useful for more options.

Categorised in: Forex Trading

This post was written by vladeta