LunarCapital Review year : Is It a Reliable Forex Broker?

The broker also has a clearly defined ‘Client Categorization’ policy. I’ve been trading with LunarCapital for several months straight, and I can claim that conditions here are pretty remarkable. Depending on the scope of your trading and the assets you plan on trading, LunarCapital might not meet your needs. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs.

Tradable Instruments

• LunarCapital frequently updates its deposit bonus offers to align with market trends and trader needs, providing ongoing opportunities for enhanced trading capacity.
• Withdrawal fees may vary depending on the method and region, but LunarCapital ensures that they remain minimal.
• Once these steps are completed, traders can access their account and begin trading immediately.

While spreads are slightly wider on Standard accounts, they remain highly competitive, making LunarCapital an appealing choice for traders of all levels. The broker’s objective is to offer attractive spreads across all account types, ensuring traders can benefit from cost-effective trading regardless of their account tier. To evaluate brokers, we test the accounts, trading tools and services provided.

Brokers By Licenses

Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives. LunarCapital supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing.

• Whether you prefer to trade on a desktop or on the go, LunarCapital delivers a seamless trading experience.
• LunarCapital offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals.
• Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, LunarCapital’s ECN XL account provides a solid, flexible option.
• It takes time for support to respond, I think it should be working on weekends too, who knows, when you will need assistance.
• These include major pairs like EUR/USD and GBP/USD, known for their high liquidity and tighter spreads.
• However, some account types may have minimal fees based on trading volume or specific services.

Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. Ryan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in Business from Indiana University. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. I can’t say that my experience here leaves a lot to be desired, because the set goals were reached and I am satisfied with it.

Traders can explore shares from various sectors such as technology, healthcare, finance, energy, and consumer goods, allowing for diversified investment strategies. Additionally, LunarCapital provides real-time market data, advanced charting tools, and comprehensive research reports to assist traders in making informed decisions. LunarCapital offers excellent customer support available 24/5 through email, Live Chat, and international phone calls. Support is provided in multiple languages, ensuring clients from around the world receive quality assistance. After reviewing LunarCapital, we find that the company offers trading with the STP/ECN model and quotes directly from liquidity providers. They have created different types of accounts with various features and minimum deposit requirements, making it easy for traders of all levels to get started.

They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. On the downside, LunarCapital supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. I have been trading with the broker for small amount of time and mostly on a demo account, but I can see the potential in it.

Frequently Asked Questions

This program creates a mutually beneficial arrangement, encouraging traders to share their positive experiences and expand the LunarCapital community. The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes.

Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LunarCapital simple for beginners. While an LunarCapital no deposit bonus does not exist, LunarCapital offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. LunarCapital occasionally introduces other bonuses and promotions, which have included a $50 LunarCapital no deposit bonus or annual interest on free margin. Like, they dont lure you in with leverage, dont create 15 account types.

Understanding how to adopt a proper trading mentality is especially important for long-term success in the market. LunarCapital has a highly informative educational section that covers the ABCs of trading. This includes multiple articles, guides, and e-books on topics related https://lunarcapital.net/ to fundamental analysis and trading psychology. Central Clearing Ltd does not provide services to residents of the EEA countries, the USA, and some other countries. The services are not intended for distribution to or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Islamic Account

LunarCapital works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. LunarCapital has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. Turns out it doesn’t take you long to get used to a broker when you trade daily with it; excluding weekends of course. Did some research before signing up and they are here for like 15 years, this was what sealed the deal for me, was looking for a broker tested by time.

Inactivity Fee

On the other hand, the broker charges a handling fee for withdrawals and does not afford an alternative to MT4. Perhaps, it’s one of the most significant characteristics for traders. Working with LunarCapital has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter. I will keep using their services as long as they stay this reliable.

LunarCapital’s Non-Trading Fees

However, profits can only be withdrawn to a bank account or a crypto wallet. Bank transfers are subject to a US$500 minimum threshold and incur fees in excess of US$30. LunarCapital’s trading account is also available without a swap, upon request. Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs. However, the offshore LunarCapital’s entity does not segregate its clients’ funds.

LunarCapital offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. The trading conditions most especially the execution speed it would be cool if it’s faster.

DayTrading.com may receive compensation from the brands or services mentioned on this website. We have not experienced any security concerns during our many hours using the trading platform. 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. 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 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.