The app’s user-friendly interface, available in nine languages, ensures that traders, regardless of their geographical location, can navigate with ease. Lunar Capital scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations. The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets. As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform.
- Managing risk is of course a vital element for any forex trader and broker combination.
- Lunar Capital does not charge fees for deposits or withdrawals, nor does it impose commissions on trades.
- Lunar Capital states that the firm is in full compliance with international legislation and regulation standards, and guarantees funds security and negative balance protection (NBP) to its clients.
- It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number and by the Mwali International Services Authority (MISA) in the Comoros Union.
However, they’re not extensive enough to warrant a score higher than a three in this category. There’s a decent offering of educational articles, webinars, and videos. They have offered a rather extensive video course for beginning forex trading, which is good for those just starting out. Lunar Capital runs primarily off of the MetaTrader platforms, including both MT4 and MT5. The MetaTrader platforms are often preferred due to their robust features and overall usability.
What tools does MetaTrader 5 provide?
Whether you’re a beginner with Lunar CapitalTrader’s market analysis tools, automate your trades with MT4’s https://lunarcapital.net/ EAs, or day trade with depth of markets tools on MT5 there is something for everyone. The Lunar Capital Trading App uses 128-SSL encryption, and even if traders lose their device or have it stolen, Lunar Capital restricts withdrawals to the deposit method. The Lunar Capital Trading App includes daily trading signals, non-stop in-app customer support, and beginner education. The 50% deposit bonus boosts traders, and Lunar Capital allows bonus withdrawals once traders satisfy reasonable volume conditions, where Lunar Capital ranks among the industry leaders.
What kind of analysis does Lunar CapitalVision offer?
Their personal support is also genuine andcustomer care executives seem to eagerly resolve client queries and problems. The Lunar CapitalFX Trading App is an officially acknowledgedForex trading software. It permits all financial transactions available throughconventional desktop apps. Naturally, it provides Level II quotes, server trailing stops, single-clicktrading and sophisticated charting options. It utilizes cloud servers to backup accounts and keep a centralized tab on all of them.
You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported. This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage. The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known. Here are some of the spreads we found on the most commonly traded assets with Lunar CapitalFX as an example. Lunar CapitalFX Islamic accounts are available quickly and conveniently where needed by simply clicking “swap-free” when you open a new account. Still as a trader, you can bank on the legitimacy and security provided by CySEC regulation.
Lunar Capital is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs. Even a quick glance establishes why the firm is so willing to share. The Lunar CapitalTrader platform is innovative, modern, and very well suited for beginners.
FTD 50% Bonus
Both the Lunar CapitalTrader and MetaTrader 5 (MT5) accounts feature the same fee structure, ensuring that traders can execute trades without worrying about hidden charges. Lunar Capital is a reliable and accessible online broker, catering to traders worldwide. With its extensive range of financial instruments, educational resources, and commission-free structure, it provides a solid platform for novice and experienced traders. If you’re looking for a comprehensive trading experience, Lunar Capital is certainly worth considering.
What Leverage Does Lunar Capital Offer?
The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts. I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought. In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF). ICF protects client accounts for up to €20,000 if a firm becomes insolvent. A trader working with a broker entity regulated offshore would not necessarily have these benefits.
Within Europe, the minimum deposit on the available account types of MT5 Pro is $50. This makes it perfect for new traders and those beginners starting out. If you are trading from outside the EU, the minimum deposit will be $25 with the Lunar CapitalFX Micro account. Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading. With Lunar CapitalFX another of the measures in place to keep you safe as a trader is negative balance protection. This means that you can never lose more money than the balance of your account.
- However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity.
- For withdrawal requests, the processing time is almostinstantaneous and validated through an email.
- The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance.
- If you need an Lunar CapitalFX Islamic account, then these are also available.
- In our review, the entire withdrawal process took less than 35 minutes.
Fast Withdrawal Processing
Alternatively, Lunar Capital offers the Lunar Capital Trading App as an APK download for traders who cannot access Google or Apple. It shows that Lunar Capital understands its trader base and ensures it can take advantage of its competitive trading environment. Lunar Capital maintains a selection of 52 currency pairs, 34 cryptocurrencies, 5 commodities, 10 index CFDs, and 150 equity CFDs. Lunar Capital offers 24/7 customer support but doesn’t provide an option for phone support. Its customer support team can be reached using the platform’s live chat option, email, or social media. While there are definite advantages to Lunar Capital’s high-leverage options, there are also some drawbacks.
Lunar CapitalFX
It also provides for detailed analysis with market reports and more to offer. During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4. Again the platform is available on all mediums and a webtrader is offered. MT5 is also equally lightweight and can run on almost any device.
In addition to traditional platforms, I did find that copy trading is available through the Lunar Capital Copy platform giving you an alternative approach to leveraged products like forex and gold. Investing in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose your entire investment. It is essential to be fully aware of these risks before engaging in any trading activity. Choose from 300+ trading instruments, including shares, commodities, and indices.
Should the Master Trader face losses, the DDP will close the copiers position. Copiers can also manually close open positions and retain complete control over their portfolios. Besides flexibility, FXOpen outshines Lunar Capital in terms of regulation. You can learn more about how this broker performs with our FXOpen review. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.