Luno vs FXTrading.com
Luno Review 2023 | FXTrading.com Review 2023 |
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2
Luno is #31 in our crypto broker rankings. |
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3.6
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Established in 2013, Luno has a mission to make crypto investments simple and accessible for all. The brand has a customer base of 9+ million across 43 countries. Trading fees are competitive, with no market maker charges and access to popular tokens like Bitcoin. |
FXTrading.com is global broker offering highly leveraged CFDs on 10,000+ assets, including forex, stocks, indices, commodities and cryptocurrencies. Competitive prices with raw spreads and low to zero commissions are available. Traders can use the popular MetaTrader 4 platform and will have access to a suite of additional analytical tools and other resources. The multi-regulated brokerage is authorized by the ASIC and VFSC. |
Bonus Offer | |
50% Up to $250 plus 10% up to $2250 | |
Comment by Reviewer | |
"Luno will appeal to beginners looking to trade popular cryptocurrencies on a user-friendly mobile app and web platform." | "FXTrading.com is a good brand for active traders who want a no-frills way to access a wide range of markets with low fees and frequent trader rewards." |
Pros | |
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Cons | |
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Instruments | |
Crypto | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
Demo Account | |
No | Yes |
Minimum Deposit | |
£1 | $200 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
£10 | 0.01 Lots |
Regulator | |
ASIC, VFSC | |
Margin Trading | |
No | No |
STP Account | |
No | Yes |
ECN Account | |
No | Yes |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Mobile Apps | |
iOS & Android | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | Yes |
Social Trading | |
No | Yes |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | FXTrading offers CFDs on a wide range of assets, including forex, stocks, commodities, indices and cryptocurrencies. Commodities include a selection of softs as well as metals and energies, and the eight indices offered include the US30, US500 and UK100. Flexible leverage is available with excellent risk management tools. |
Leverage | |
1:500 | |
FTSE Spread | |
Floating from 0.5 points | |
GBPUSD Spread | |
Floating from 0 pips | |
Oil Spread | |
Floating from 1 pip | |
Stocks Spread | |
Variable | |
Forex Trading | |
Forex trading not offered | FXTrading clients can access 70+ forex pairs with high leverage up to 1:500, fast execution averaging 80ms, excellent liquidity and spreads from zero. A good selection of minors and exotics are available as well as all the majors. New users can start trading forex in 4 easy steps. |
GBPUSD Spread | |
Floating from 0 pips | |
EURUSD Spread | |
Floating from 0 pips | |
EURGBP Spread | |
Floating from 0 pips | |
Assets | |
70+ | |
Cryptocurrency | |
Luno supports cryptocurrency trading, staking and transferring on major tokens, including Bitcoin, Ethereum, Ripple and Cardano. There are no maker fees and taker fees vary by trading volume starting from 0.10%. 95% of cryptocurrencies are held in 'deep freeze' multi-signature, encrypted wallets. | FXTrading offers CFDs on 11 cryptocurrencies in 17 pairs, with six large cryptos including Bitcoin, Ethereum and Litecoin available to trade against USD or AUD. All other cryptos trade in USD pairs. Decent leverage of 1:10 or 1:20 is available depending on the crypto. |
Spread | |
Variable | Floating |
Coins | |
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Crypto Lending | |
Yes | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
Yes | No |
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More Comparisons | |
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