For a complete and updated list of restricted countries, traders are encouraged to check the LunarCapital website. LunarCapital rewards traders who refer friends and colleagues to the platform through its Referral Program. For each successful referral that opens an account and meets the trading criteria, both the referrer and the new trader receive a bonus. This program creates a mutually beneficial arrangement, encouraging traders to share their positive experiences and expand the LunarCapital community. LunarCapital places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions. The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices.
MetaTrader Platforms
- Clients may also use their Facebook or Google accounts to open an account.
- New traders can take advantage of LunarCapital’s generous Welcome Bonus, which provides a percentage bonus on their initial deposit.
- However, some account types may have minimal fees based on trading volume or specific services.
- New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy.
LunarCapital is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID). Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already. It’s good to know that your funds are safe and sound while you trade.
IC Markets Global
It’s always recommended to consult their website for the latest fee schedule. All trading is conducted through desktop or mobile MT4 applications. LunarCapital applies a spread-based fee for forex trades, with no additional forex-specific charges.
ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. Our team is happy to see that LunarCapital does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable. These are useful resources, but LunarCapital still lags some behind industry leaders like eToro with its comprehensive forex education academy.
Trading Platforms:
The platform works on all operating systems and supports EAs, hedging, and advanced technical indicators, analytical tools, and charting features. LunarCapital offers software that can be downloaded for PC, used as a mobile app for trading on the go, and includes a Multi-Terminal for managing multiple accounts at once. All LunarCapital clients can access free trading tools through the Traders Hub, which provides various helpful features. These tools include VPS, SMS notifications, EAs, technical analysis, and trading tools.
LunarCapital has a clean regulatory track record and established itself as a secure and trustworthy broker. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, LunarCapital has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. LunarCapital is generally considered a reliable and trustworthy broker, especially for experienced traders.
You can compare the current spreads for the most traded instruments and see how LunarCapital spreads stack https://lunarcapital.net/ up against those of BlackBull Markets. Remember to consider LunarCapital’s rollover or overnight fee, which applies to positions held for more than a day and varies by instrument. However, trading with an ECN XL Account comes with no swap charges, making fee calculation easier and offering a great benefit. In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an LunarCapital XL account.
LunarCapital is committed to implementing industry-standard security practices to ensure a reliable and trustworthy trading environment. These robust safety measures highlight the broker’s dedication to safeguarding its users, making LunarCapital a secure choice for traders who prioritize the safety of their trading activities and personal information. LunarCapital offers variable spreads that differ based on the account type and the financial instrument being traded. Major currency pairs, such as EUR/USD and GBP/USD, typically enjoy tighter spreads, especially on Premium and VIP accounts. For example, the EUR/USD spread can be as low as 0.3 pips on the VIP account, providing significant cost advantages for frequent traders. While spreads are slightly wider on Standard accounts, they remain highly competitive, making LunarCapital an appealing choice for traders of all levels.
So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. LunarCapital works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker.
LunarCapital uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. Islamic traders will also be pleased that a swap-free account is available upon request. Companies on Trustpilot can’t offer incentives or pay to hide any reviews.
- Minimum deposits vary depending on account type at the LunarCapital forex broker.
- Additionally, LunarCapital does not charge any deposit fees, enhancing its appeal to cost-conscious traders.
- CySEC is a top-tier regulator that helps ensure LunarCapital follows strict business standards and implements safeguards like negative balance protection and segregated client funds.
Trading Platforms
Anyway, after reading some reviews I decided to give it a shot and signed up for this company. To my surprise everything was better than I expected, I didn’t have any problems with the registration process. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. These combine well with LunarCapital’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. LunarCapital’s investment offering is excellent for forex traders but weak in other departments.
Overall LunarCapital is one of the best brokers…
All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Compare LunarCapital with the top 3 similar brokers that accept traders from your location. LunarCapital’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. The three chart types MT4 offers are far behind newer alternatives such as TradingView, and the 9 time frames from 1 minute to 1 month have also been surpassed by many other platforms.
This broker is trustworthy
Because I get enough stress at trading, so I don’t need it outside of it. LunarCapital provides a calendar that displays upcoming economic events and releases, along with their expected impact on the markets. I always like to check an economic calendar before take a decision on the trade. Additionally, LunarCapital provides access to live market feeds and economic calendars to help you make informed trading decisions.
The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LunarCapital transparently displays on its website. LunarCapital deploys an ECN/STP execution model and does not manipulate quotes. The Vanuatu Financial Services Commission (VFSC) provides LunarCapital with a competitive regulatory environment for international clients.
However, potential clients should carefully consider the quality of customer support and the availability of educational resources before choosing LunarCapital. LunarCapital offers a range of educational resources to help traders of all levels improve their skills. While the quality of these materials varies, they can be helpful for beginners. However, experienced traders may find the depth and breadth of the educational offerings to be somewhat limited. While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered.
Processing times vary depending on the chosen method, with bank wires taking longer than e-wallets. LunarCapital generally processes withdrawal requests within 24 hours, ensuring swift access to your funds. LunarCapital also charges minimal non-trading fees, including inactivity fees and withdrawal fees.
Reliable customer support is essential when trading with any broker, and LunarCapital recognizes this importance by offering efficient and accessible service. Traders can reach LunarCapital’s support team 24/5 through multiple channels, including email, phone, and live chat. This ensures that help is always available, no matter the time or urgency of the inquiry. The variety of contact options allows traders to choose the method that best fits their needs, whether they prefer quick responses through live chat or more detailed assistance via email or phone. LunarCapital is committed to providing consistent and responsive customer support to all its clients.