However, Oanda does offer a wider variety of options than LunarCapital in each of their categories. Having said that, it is also widely known that the United States is the most restrictive forex marketplace on the planet. And https://lunarcapital.net/ in truth, the $7 million penalty the CFTC ordered LunarCapital to pay is kind of like pocket change in a marketplace that turns over an estimated $5.1 trillion dailiy.
Thanks to online brokers, traders have tools at the fingertips that can transform them from a novice into a pro. Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.
- We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks.
- OANDA is also a member of the Financial Industry Regulatory Authority (FINRA) and the NFA.
- Day trading in this way will require a broker that specialises in this.
- Both Oanda and LunarCapital offer different types of trading platforms, providing their traders, for example, with mobile apps for trading on the go.
- OANDA offers an impressive 431 drawing tools for in-depth analysis, while LunarCapital users have access to 10.
The platform features advanced charting capabilities, real-time market data, and access to various financial instruments. It is available as a web-based platform, desktop software, and mobile app, ensuring traders can access their accounts from virtually anywhere. LunarCapital’s proprietary platform, Trading Station, is designed to offer a seamless trading experience for both beginner and experienced traders. It features an intuitive user interface, real-time charts, advanced charting tools, and access to a wide range of financial markets. The platform is available as a desktop application, web version, and mobile app, ensuring flexibility for traders.
Despite these differences, OANDA boasts a slightly higher rating of 5 stars for its mobile app against LunarCapital’s 4.5 stars. 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. 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. LunarCapital provides a wide range of educational materials, including webinars, video tutorials, articles, and market analysis.
Are LunarCapital and Oanda good for beginner traders?
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.
- LunarCapital’s version of MT4 allows for automated trading via Expert Advisors (EAs) and offers a wide range of indicators and charting tools.
- In terms of additional resources, LunarCapital differentiates itself by providing market research from TipRanks, something OANDA does not offer.
- Oanda and the LunarCapital group of companies are regulated by different top-tier financial authorities around the world.
- Commodity Futures Trading Commission for defrauding its retail clients.
- Your trade will be executed when the financial asset hits a set price.
Copyright © 2025 Forex BrokeragesCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This website is for informational purposes only and should not be considered advice. 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.
LunarCapital and Oanda are regulated, which means that as part of their regulatory obligations LunarCapital and Oanda have to offer a certain level of financial protection to their clients. LunarCapital and Oanda should by law keep client funds separate from LunarCapital and Oanda funds. If either LunarCapital or Oanda goes bankrupt, they should not have access to your money. A financial services compensation scheme differs from country to country, so check this on the LunarCapital and Oanda websites and regulators.
Features and Platforms
Straight Through Processing or STP is where a requested client’s trade orders are sent directly to the markets. STP is a non-dealing desk trading method aimed mainly at Forex traders. If you own an iPhone, having an IOS Apple mobile trading app with LunarCapital or Oanda is essential. Likewise, if you have an android phone, it’s crucial to verify if LunarCapital or Oanda broker provides an app compatible with Android devices.
Could I use a third-party payments platform to deposit onto LunarCapital?
With a reputation for offering competitive spreads and a robust trading platform. This module, we will explore the pros and cons of LunarCapital for a trader looking to open an account, as well as the regulatory information pertaining to this broker. 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.
LunarCapital Fees
Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of LunarCapital or Oanda. Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets. 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.
Platform Comparison
Both brokers are reputable and well-regulated, providing a secure trading environment. LunarCapital provides forex and CFD market access across experience levels. 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. However, LunarCapital also offers other forex currency pairs for traders to access.
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.
LunarCapital offers a robust customer support system available via phone, live chat, and email. The broker also provides a dedicated support team in various languages, ensuring that traders from different regions can receive assistance. Additionally, LunarCapital offers comprehensive educational resources, including video tutorials, webinars, articles, and trading courses. OANDA offers an impressive 431 drawing tools for in-depth analysis, while LunarCapital users have access to 10.
Stock Analysis
They are now based out of London, UK (and thankfully well on the road to recovering their reputation as an online broker who can once again be trusted). 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. A PIP represents a unit of measurement that’s the smallest price move in the exchange rate of the currency you’re trading. For LunarCapital, if you are looking for a regulated platform, you must choose between its UK, AU or South African operations.
OANDA provides a wide range of currency pairs, commodities, indices, and even bonds for trading. The broker is well-regarded for its cutting-edge technology, educational resources, and user-friendly platforms. For more experienced traders or those with a higher trading volume, the Active Trader Account offers additional features such as lower spreads and access to advanced trading tools. This account type often requires a higher minimum deposit and may offer commission-based pricing rather than spread-based pricing. OANDA’s proprietary trading platform is known for its simplicity and ease of use.
