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15 alternatives Expert-reviewed Updated 2026

Luno vs Top 15 Alternatives — Side-by-Side Comparison (2026)

15 top-rated brokers compared to Luno (rated 3.0/5). Every alternative is independently scored on fees, regulation, demo accounts, and platforms.

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Bybit

4.0
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Luno

Currently comparing against

Luno

3.0
Full review
Quick Answer

The best alternatives to Luno in 2026 are ForTrade (4.3/5), Forex.com (4.4/5), Kraken (4.3/5). For lower fees, XT.com offers spreads from 0 pips. For stronger regulation, ForTrade holds tier-1 licences (FCA). For lowest entry, Kraken requires no minimum deposit.

See side-by-side comparison below

Luno vs Top 5 Alternatives — At a Glance

BrokerRatingMin DepositSpread fromDemo AccountRegulation
Luno
LunoThis broker
2.98
$00.1 pips✓ Free demo
FCA
Review
4.25
$1001 pips✓ Free demo
FCA
Visit
4.40
$1000.8 pips✓ Free demo
MASCFTC
Visit
4.35
$00.2 pips✓ Free demo
CFTCFCA
Visit
4.05
$00.1 pips✓ Free demo
FMASCA
Visit
4.33
$2500.6 pips✓ Free demo
SECMAS
Visit

All 15 alternatives ranked below. Demo accounts are free across all listed brokers — no deposit required to test platforms.

Luno

Why traders look for Luno alternatives

Rating: 3.0/5Spread: 0.1 pipsRegulated: FCA

Strengths

+Simple beginner-friendly interface
+Strong presence in Africa and Asia
+FCA regulated

Common reasons to switch

−Limited coin selection (15+)
−No derivatives/leverage trading
−Higher fees than major exchanges

Best Luno alternative by category

Luno vs ForTrade — quick comparison

LunoForTrade
Rating3.04.3 ✓
Min spread0.1 pips1 pips
Min depositNone$100
RegulationFCAFCA, CySEC, FSC

If you want… choose this alternative

Luno Alternatives — Overview

Luno is rated 3.0 out of 5, regulated by FCA and headquartered in London, UK. While it remains a solid choice for many traders offering crypto markets, there are 15 alternatives worth considering in 2026 depending on your trading priorities.

The highest-rated alternative is ForTrade (4.3/5), regulated by FCA, CySEC, FSC, DFSA. Other strong contenders include Forex.com (4.4/5), Kraken (4.3/5), Bybit (4.0/5).

Key factors when choosing a Luno alternative include regulation strength, trading fees and spreads, minimum deposit requirements, available markets, and platform quality. We score every broker on these criteria independently using our transparent rating methodology — ratings are not influenced by commercial relationships. Luno's minimum spread starts at 0.1 pips — several alternatives below offer tighter spreads or lower entry requirements. Use our spread calculator to estimate your trading costs, or take the broker finder quiz for a personalised recommendation.

Top 15 Alternatives to Luno

Spread: 1 pips
Min deposit: $100
Markets: stocks, cfd, indices, crypto
Higher rating (4.3 vs 3.0) FCA regulated
Spread: 0.8 pips
Min deposit: $100
Markets: stocks, commodities, indices, cfd
Higher rating (4.4 vs 3.0) MAS, CFTC, FCA, ASIC regulated
#3
Kraken
Spread: 0.2 pips
Min deposit: None
Markets: crypto
Higher rating (4.3 vs 3.0) CFTC, FCA regulated
#4
Bybit
Spread: 0.1 pips
Min deposit: None
Markets: crypto
Higher rating (4.0 vs 3.0)
Spread: 0.6 pips
Min deposit: $250
Markets: commodities, indices, cfd, stocks
Higher rating (4.3 vs 3.0) SEC, MAS, FCA, ASIC regulated
#6
Plus500
Spread: 0.6 pips
Min deposit: $100
Markets: commodities, cfd, indices, crypto
Higher rating (4.0 vs 3.0) MAS, ASIC, FCA regulated
Spread: 0.9 pips
Min deposit: $100
Markets: forex, crypto, indices, commodities
Higher rating (4.0 vs 3.0) MAS, ASIC, FCA regulated
#8
XT.com
Spread: 0 pips
Min deposit: None
Markets: crypto
Higher rating (4.0 vs 3.0) Tighter spreads (0 pips)
Spread: 0.5 pips
Min deposit: None
Markets: crypto
Higher rating (4.3 vs 3.0) FCA, SEC regulated
Spread: 0.4 pips
Min deposit: None
Markets: crypto
Higher rating (4.3 vs 3.0) MAS, FCA regulated
#11
Upbit
Spread: 0 pips
Min deposit: None
Markets: crypto
Higher rating (4.3 vs 3.0) MAS regulated Tighter spreads (0 pips)
#12
Deriv
Spread: 0.5 pips
Min deposit: $5
Markets: forex, commodities, indices, crypto
Higher rating (4.0 vs 3.0)
Spread: 0 pips
Min deposit: $200
Markets: crypto, forex, stocks, indices
Higher rating (4.1 vs 3.0) ASIC, FCA regulated Tighter spreads (0 pips)
#14
OKX
OKX
4.1
Spread: 0.1 pips
Min deposit: None
Markets: crypto
Higher rating (4.1 vs 3.0)
#15
HTX
HTX
3.8
Spread: 0.1 pips
Min deposit: None
Markets: crypto
Higher rating (3.8 vs 3.0)

Risk warning: Trading CFDs and forex carries significant risk. Ensure you understand the risks before depositing funds. Capital is at risk.

How to switch from Luno to an alternative

1

Open new account

Sign up with your chosen Luno alternative and complete identity verification.

2

Fund & test

Deposit funds and test the platform with a demo or small live trades.

3

Transfer positions

Close or transfer open positions at Luno. Some brokers support ACATS transfers.

4

Withdraw & close

Withdraw remaining balance from Luno and close the account if no longer needed.

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Frequently Asked Questions

1

What are the best alternatives to Luno?

The top alternatives to Luno include ForTrade, Forex.com, Kraken. These brokers offer similar markets with competitive fees and strong regulation.

2

Why switch from Luno?

Traders may look for Luno alternatives for lower fees, better platform selection, tighter spreads, different regulation, or access to markets not offered by Luno.

3

How do I compare Luno with alternatives?

Use BrokerRank's side-by-side comparison tool to compare Luno with any broker on fees, regulation, platforms, and markets. Visit our compare page to build your own comparison.

4

Is ForTrade better than Luno?

ForTrade is rated 4.3/5 compared to Luno's 3.0. The best choice depends on your priorities — ForTrade may offer advantages in fees, regulation, or platform features. Compare them side by side to decide.

5

How do I transfer my account from Luno to another broker?

To switch from Luno: 1) Open an account with your chosen alternative, 2) Complete verification (KYC), 3) Fund your new account, 4) Transfer or close open positions at Luno, 5) Withdraw remaining funds. Most brokers complete the process within 1–5 business days.

6

What is the cheapest alternative to Luno?

XT.com offers spreads from 0 pips, making it one of the most cost-effective alternatives to Luno.