LunarCapital has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs. I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the LunarCapitalTrader and MT4 only offer 32 pairs. Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. The deposit options with LunarCapital are decent, giving you multiple ways to fund your account with no deposit fees. The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit.
It combines market data with charting, so customers can see live prices of instruments even as they perform live analysis. However, on a review that an account has been inactive for long it gets deactivated. Various account types on the 3 platforms have different deactivation dates as stated below. According to the LunarCapitalFx website, the broker does not charge any fee on deposits and withdrawal. They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply.
- However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security.
- LunarCapital Fees are ranked low based on our testing and compared to over 500 other brokers.
- Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage.
- The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others.
- However, the minimum deposit amount may vary depending on your region and the payment method you choose.
See below the benefits you will get in the mobile app for MetaTrader 4/5. All online trading activities are regulated by government financial authorities, so trades play a very important role. The license used in trading helps to build a confidential relationship with the customer and build a strong foundation. Every broker has to meet certain rules and criteria to get this government license.
- However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available.
- LunarCapital does not charge fees for deposits or withdrawals, nor does it impose commissions on trades.
- LunarCapitalFX customers may not be able to place orders using mobile devices, where they will be able to perform basic technical analysis on the full chart.
- The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips.
- We use dedicated people and clever technology to safeguard our platform.
Does LunarCapitalFX offer webinars or online courses?
As an ECN (Electronic Communications Network) broker, LunarCapital delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network. This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential. Minimum deposits at LunarCapital will vary depending on your country of residence and your chosen payment method.
The broker’s range of forex trading products is limited to MT4, MT5, and LunarCapitalTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the LunarCapitalTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis. As for education, I thought LunarCapital did a good job at presenting the basic concepts of forex trading through an online video course.
While LunarCapital’s effort to comply with international regulatory standards is commendable, the nuanced nature of regulatory transparency and coverage highlights the importance for traders to conduct due diligence. Traders should consider both the protections offered by these licenses and the geographical limitations. Understanding the regulatory standing of a broker not only informs traders of the protections in place but also of the broker’s commitment to upholding high standards of operation and client service. Regulations serve as a safeguard for clients’ funds, ensuring that brokers operate with integrity, transparency, and accountability. They mandate practices like segregated client accounts, participation in compensation schemes, and adherence to fair trading practices, all designed to protect the trader.
Affiliates can earn up to 50% of LunarCapitalFX’s revenue share under the terms of the agreement. The cashback rebate program returns a percentage of the trading spread, subject to conditions such as trading volume. Yes, LunarCapitalFX provides a variety of risk management tools, such as stop-loss and take-profit levels. An economic calendar, daily analytical posts, and automated technical insights via MetaTrader’s Autochartist plugin are all included in this section.
Out of the options available, I think MT5 is the best option with LunarCapital as it has the most technical features while also offering all of the broker’s financial products. This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making LunarCapital a truly low-cost broker by avoiding these fees. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. LunarCapital is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LunarCapital to continue to expand its products and services.
Social and Copy Trading Apps
Dear Andreas Djunaedi Sutandar, Thank you for taking the time to share your feedback with us. LunarCapital’s minimum deposit requirement of just $25 makes it accessible for new traders, it is a perfect broker for beginners. To properly increase their trading skills, the platform provides thorough instructional tools, including webinars, beginning and advanced trading videos, and trading glossary. LunarCapital also offers a demo account tool so that beginners may test trading with virtual money, therefore reducing risk.
Indices Trading
Upgrading to a live account requires a bit more leg-work but is by no means arduous. Payment options include VISA, AWEpay, bitcoin, FasaPay, local bank deposits, local bank transfers, Neteller, Paytm, Skrill, UnionPay. In line with the desktop version, the LunarCapital trading app is execution-focused. It provides a range of core services, including charting tools to help clients get into the markets with the right level of support.
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The fact remains that many traders will not completely trust a broker who is not regulated in a developed hub with a respected financial regulator. It does appear that LunarCapitalFX recognize this and are working on becoming regulated by CySEC according to a company insider. Until that point however, they will have to accept that many potential traders could turn away based on the fact they have been around since 2011, and are still loosely regulated. The broker does not feature any type of deposit or withdrawal fee. This will be a pleasant surprise to many casual or infrequent traders since almost all brokers charge a fee of some form on inactive accounts.
This feature ensures that traders cannot lose more than their initial investment. The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. During the review, we faced a minimum deposit of 50 USDT (Tether). Overall, LunarCapital has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to LunarCapital receiving a top rating for https://lunarcapital.net/ its deposit and withdrawal procedures. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available.
First, it was founded in 2011 and offered excellent opportunities to traders and investors so they could efficiently work on the trades. It also supports copy trading, one of the prime advantages of dealing with this online brokerage platform. MT4/5 and cTrader are one of the top software on the Android platform on mobile. It has been designed by LunarCapitalFX Markets for traders in a way that is easily accessible on mobile. LunarCapitalFX clients allow them to access trading on any Android device.