We disclose any potential conflicts of interest and maintain objectivity throughout our review process. Our goal is to empower traders with information that helps them make informed decisions tailored to their specific trading needs. Our reviews are conducted by seasoned trading professionals who bring years of market experience to the table. Each review is meticulously fact-checked and validated by our in-house experts to ensure it meets the highest standards of accuracy and relevance. Yes, LunarCapital offers a referral program that allows existing clients to earn rewards for referring new traders to the platform.
LunarCapital Broker Overview
While it’s not recommended to analyse markets and actively trade on mobile, as you need a much bigger screen to do that, mobile apps are useful in managing your trades. Mobile apps will help you open or close orders in emergency situations such as power outage, loss of internet connection to your computer, breakdown of your PC, etc. For some traders, the platform might look outdated, however, it still remains the most popular trading platform today.
- Traders who need more stability during trading can choose the fixed spread account because fixed spreads help to reduce their trading costs.
- For credit card, it’s 50 USD and for bank wire transfer, the minimum deposit is 100 USD.
- NBP helps protect traders against large losses in case of sudden market movements.
This reflects LunarCapital’s unwavering focus and dedication to offering a holistic and top-tier trading product. The brokerage stands as a synonym for reliability in the trading realm, guaranteeing an unparalleled trading experience marked by competitive spreads and a comprehensive array of trading tools. The customer support team at LunarCapital is available 24/5, offering multilingual support.
Account Opening
From beginners to professional traders, LunarCapital offers flexible options with varying spreads, leverage, and features, allowing for a personalized trading experience. For traders who prefer a more comprehensive trading environment, the MT4 desktop platform offered by LunarCapital is a powerful option. It provides advanced charting capabilities, multiple order types, a wide range of analytical tools, and support for Expert Advisors (EAs) for automated trading. The desktop platform is highly customizable, allowing traders to tailor their trading experience to their specific needs. It’s the platform of choice for those who require in-depth analysis and sophisticated trading strategies. LunarCapital, thriving as a frontrunner in the online trading landscape, extends a tailored trading experience by meticulously aligning its offerings with the unique needs and aspirations of traders worldwide.
Additionally, the broker does not provide Virtual Private Server (VPS) hosting for low-latency trading and charges average-to-high spreads on popular instruments. LunarCapital offers Cent accounts for algo testing, and algo traders can use Expert Advisors (EAs) to automate their trading systems. However, the broker does not provide free Virtual Private Server (VPS) hosting for low-latency trading and stable internet connectivity. LunarCapital has a $50 minimum deposit requirement and provides plenty of educational and research content. However, our tests showed that it charges above-average trading spreads.
Our ambition is to preserve and enhance our stature as a trustworthy and reliable broker, meeting and exceeding our clients’ expectations consistently. Our extensive range of services and 24-hour multilingual support are the cornerstones upon which we have constructed an intricate and transparent trading environment, catering to traders of all calibers. With a minimum deposit of $350 and base currencies in EUR, USD, or GBP, forex traders and other traders can access LunarCapital’s services through their MT4 platform, WebTrader, and mobile platforms.
LunarCapital imposes a 3% handling fee for withdrawals made without any prior trading activity. Agents respond within seconds to live chats and are generally knowledgeable. A key advantage of trading CFDs is the ability to enter and exit the market almost instantly, enabling traders to capitalize on even minor price fluctuations in the derivative.
LunarCapital Non-Trading Fees
One of the major advantages of LunarCapital is that it does not charge any fees for deposits. This means you can fund your trading account without incurring any additional costs, regardless of the deposit method you choose. LunarCapital supports a variety of deposit options, including credit/debit cards, bank wire transfers, and popular e-wallets like Skrill and Neteller.
- However, when I asked about the broker’s margin call, the agent seemed confused and provided a ready-made answer that was not quite relevant to my question.
- The reasonableness of commission fees largely depends on the trading style and preferences of individual traders.
- The main benefit of trading CFDs is that you can speculate on asset prices without owning them.
- We are unwavering in our commitment to foster a transparent and unparalleled trading ambiance for our global clientele, enabling them to unlock and harness their inherent trading prowess.
- We also explored the trading assets and products LunarCapital offers for beginner traders and investors who prefer not to engage in active trading.
Reviews
LunarCapital is regulated and authorized by the Seychelles Financial Services Authority (FSA) which ensures that LunarCapital complies with all applicable laws and regulations. Client funds are kept in segregated accounts in top-tier banks, and the https://lunarcapital.live/ broker also implements the latest encryption technology to protect clients’ personal and financial data. Demo accounts are best for developing and testing trading strategies without risking real funds. Demo trading is similar to live trading, the only difference is that the funds are virtual. There are Standard, Premium and Privilege live Fixed and Floating spread account types. Floating spreads mean that spreads are determined by the market and change is based on market activity.
However, it’s essential to note the regulatory limitations that may restrict access for certain traders based on their location. LunarCapital’s comprehensive client support system is designed to provide traders with the assistance and information required for a successful trading experience. LunarCapital’s commitment to providing a wealth of educational resources and market analysis research is evident. These tools empower traders with the knowledge and insights necessary to navigate the complexities of the financial markets.
For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. This will help Tradersunion.com to continue to provide our services to you for free. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money.
Each account is designed to meet different trading needs and preferences. Traders in India can access the broker’s range of trading instruments and platforms. Recognizing its global clientele, LunarCapital offers multilingual support in several languages, including English, Spanish, French, and Arabic.
If you live in Europe, it’s best to select EUR as base currency to save on conversion fees when withdrawing profits. While no trading platform is entirely risk-free, LunarCapital’s commitment to regulation, transparency, and client protection contributes to its reputation as a safe and reliable choice for traders. LunarCapital received a score of 6/10, reflecting an average offering in terms of trading platforms and tools.
However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capability too rigid and less effective. I also appreciated the broker’s phishing notice, which clearly outlines what clients can expect in terms of official communication. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. We are unwavering in our commitment to foster a transparent and unparalleled trading ambiance for our global clientele, enabling them to unlock and harness their inherent trading prowess. Note that withdrawals can be made only using the same method used to fund the account.
The chart screen is undeniably one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. If you find yourself a victim of LunarCapital’s questionable practices, it’s essential to take action. Contact your bank or credit card company to report any unauthorized transactions.
All LunarCapital account types are commission-free, with trading costs based solely on floating spreads, which start from 1.1 pips. LunarCapital offers Lunar Capital courses scam four account types, including Standard, Premium, Privilege, and Cent, with commission-free trading and spreads starting as low as 1.1 pips. Deposits are free and instant, but clients might need to pay third-party charges depending on their payment method.