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. Though he had to wait for the issue to be resolved, the rep placed an “urgent” status on the matter to expedite things across departments. 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.
1. OANDA Trading Platform
LunarCapital and OANDA are two of the most popular online forex brokers globally. Both companies have earned a strong reputation for providing traders with access to foreign exchange markets, but they differ in several important aspects. This detailed comparison will explore various facets of LunarCapital and OANDA, from their history and regulatory standing to their trading platforms, fees, account types, customer support, and more. LunarCapital is a globally recognized broker with decades of experience in the forex market.
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. In this article, we will compare two of the leading online brokers — Forex Capital Markets (LunarCapital) vs. Oanda. LunarCapital’s regulation in these reputable jurisdictions ensures that it meets high standards of security and compliance. Additionally, LunarCapital offers client fund segregation, meaning that client deposits are kept separate from company funds for added security. The combination of proprietary and popular third-party platforms ensures that LunarCapital can cater to different trading styles and preferences.
They are bitcoin, ether (ethereum), ripple, litecoin, and bitcoin cash. A PIP represents a unit of measurement that’s the smallest price move in the exchange rate of the currency you’re trading. These are derivative products that let you trade a fraction of the value of the asset you’re trading. If you’re basing your selection on security, neither of these two brokers has a spotless history. It doesn’t have the same baggage that LunarCapital is carrying from past scandals. So when it comes to crypto, you won’t have to be responsible for custodying your own assets.
OANDA’s customer support is also top-notch, with support available 24/5 through live chat, email, and phone. The broker is known for offering fast and helpful responses to client inquiries. OANDA also provides a wide range of educational content, such as beginner guides, webinars, and market analysis tools, helping traders improve their skills.
We know what that’s like….and that’s why we’re giving you the bottom line at the top of this page. While both OANDA and LunarCapital offer top-of-the-line services and excellent charting tools, we found safety of funds better at LunarCapital, and appreciated their superior trade execution. When it comes to supporting resources, both brokers offer investor dictionaries with definitions for over 50 key investing terms, helping users understand the 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.
Users also have the convenience to access TradingView Live Trading Integration with LunarCapital to trade directly from your TradingView charts. You’ll want to be mindful about leaving positions open overnight on Oanda. This broker charges a financing cost to users at the end of each trading day for open positions. It’s calculated on a per-position basis and encompasses an administrative fee as well as the interest differential of the trade. This website and its content are not intended to provide professional or financial advice.
Trading platforms and tools
Oanda’s first data feed went live in 1997, while LunarCapital was founded shortly thereafter in 1999. StockHax strives to provide unbiased and reliable information on cryptocurrency, finance, trading, and stocks. However, we cannot provide financial advice and urge users to do their own research and due diligence. Online brokers generally offer users the option not only to trade on their native platforms but also outside systems.
Conclusion on Fees and Spreads
Trading Station is available for use on online (web), desktop and mobile. However, Oanda does offer a wider variety of options than LunarCapital in each of their categories. Today, the “clean up LunarCapital’s reputation” project is going as well as can be expected, considering they are still not able to accept United States traders. We’ve compared more than 100 variables and features so you can see the pros and cons of LunarCapital and Oanda side by side.
LunarCapital Customer Service and Support 📞
Different markets, from Forex to stocks and cryptocurrencies, are available. Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets. LunarCapital represents a comprehensive solution that will benefit traders of all levels — from beginners to professionals. Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings. We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
- Additionally, OANDA’s integration with TradingView enhances its research capabilities, providing users with access to a wide variety of charts, news feeds, and analysis.
- The Oanda broker’s analytical section offers many tools that help traders make informed decisions.
- In terms of rankings and ratings, OANDA takes a slight lead, earning a five-star research rating from ForexBrokers.com and securing the fifth spot among 62 brokers in the research category.
- We provide broker reviews and ratings to help users find a suitable broker according to their own needs.
- This review will help you determine which broker suits your trading needs best.
- We recommend opening demo accounts with both LunarCapital and Oanda to experience their platforms firsthand, compare fee structures, and evaluate customer support before making your final decision.
But Oanda offers more options with either a spread-only or a core-pricing plus commission model. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. OANDA’s broad regulation across multiple jurisdictions provides a high level of trust and security for its clients. Like LunarCapital, OANDA also segregates client funds, ensuring they are held in separate accounts from the broker’s operating funds. OANDA’s commitment to providing versatile platform choices ensures that both beginner and advanced traders can find the right tool for their trading style.
About Oanda and LunarCapital
By 2018, LunarCapital was under new ownership with a new global CEO, longtime company executive Brendan Callan. Charging forward, LunarCapital proceeded to add cryptocurrency baskets for retail traders along with a host of new targeted offerings for its B2B and data division clients. 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.
Its trading environment is built around stability and reliability, making it particularly attractive to traders who prioritize consistent execution and regulatory compliance. 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. 74.74% of retail investor accounts lose money when trading CFDs with LunarCapital. For users keen on creating watchlists with real-time quotes or changing time frames on charts, both OANDA and LunarCapital have got you covered.
- Founded in 1999, LunarCapital quickly grew into a globally recognized broker, offering online forex and CFD trading to retail clients.
- Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings.
- 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.
- Oanda is known for forex and CFD trading where it also offers access to cryptocurrencies like bitcoin and Ethereum.
- He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.
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. LunarCapital and Oanda both offer outstanding trading conditions in terms of low trading costs, reliable trade execution, and great trading platforms.
Typical Spreads and Fees
These brokers also have a good range of tradable instruments, although we would like to see them add a good number of individual stocks CFDs to their lists. Oanda’s list also lacks cryptocurrencies, but perhaps it will have some crypto instruments available soon. In LunarCapital’s app store, you can access various types of technical indicators, add-ons, and automated trading strategies (trading bots). In terms of rankings and ratings, OANDA takes a slight lead, earning a five-star research rating from ForexBrokers.com and securing the fifth spot among 62 brokers in the research category. Meanwhile, LunarCapital follows closely with a solid 4.5-star research rating and an eleventh-place ranking. OANDA Trade is a web-based https://lunarcapital.net/ platform but there are also apps for mobile devices and tablets.
The views expressed here are based solely on the writer’s opinion, research, and personal experience, and should not be taken as factual information. The author is not a financial advisor and lacks relevant certifications in that regard. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.
Whether you value advanced charting capabilities or seamless platform syncing will guide your choice between these two brokers. Both OANDA and LunarCapital have features catering to different trading needs and strategies, and understanding these nuances can help traders choose a platform that aligns best with their financial goals. Whether opting for OANDA’s accessible trade sizes and transparency initiatives or LunarCapital’s discounts for active traders, both brokers present distinct advantages that appeal to various trading profiles.