In compliance with international regulatory standards, all client funds are kept in segregated accounts with top-tier banks. This is done so that client funds remain separate from the balance sheets of the broker. You will also learn in detail how to open an account with DEGIRO and the different account types you can choose from. In their review, they claim their European entity being largely unregulated is a red flag. According to a member on Reddit, LunarCapitalFX occupies the security commission’s list of platforms to avoid.
Deposit
As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, all free from external influence. This assessment delivers a transparent evaluation of LunarCapital’s trading conditions, tools, support, regulatory standing, and overall suitability for traders. This combined with high leverage options opens opportunities for optimal profitability. Keep in mind that leverage is best used by experienced traders, as there are risks involved. LunarCapital offers traders a free demo account without any restrictions that can be applied across different financial markets. In this account, traders can experience live market conditions without the risk of loss.
LunarCapital’s lineup of platforms features the gold standard MetaTrader. The MetaTrader platforms offer robust features and usability that appeal to a wide market. There are other broker platforms that charge zero pips and low or zero commissions. However, these pricing structures often come with other costs, such as high inactivity fees. Our regulation and security score is a key marker of how trustworthy LunarCapitalFX is.
How to Open an Account and Trade on LunarCapitalFx Mobile App?
It’s important to note that minimum deposits and trading costs will also depend on which LunarCapital entity you choose for establishing your trading account. 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. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LunarCapital’s educational offering.
MetaTrader 4 is available as a web platform compatible with Windows, Linux, and macOS. MT4 can also be accessed via Android, Windows, iOS, and macOS apps. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing. For those wanting to learn more about MetaTrader platforms, we recommend reading our MetaTrader 4 review.
The LunarCapital trading app released
With trading costs being a significant determinant of success or failure, the broker is right to emphasise what a help this could be. The Copy Trader account area requires separate funding and comes with its own dedicated app. The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed. The LunarCapitalTrader platform is innovative, modern, and very well suited for beginners. There is an element of simplicity that you find in many of the more bespoke platforms designed for the modern user that many will enjoy. LunarCapital is a global broker, who offers a new take on certain aspects of the retail brokerage space.
CFDs
We strive to offer the best trading conditions on the market to make trading more effective for our traders. At LunarCapital, you can trade on your MetaTrader 4 demo account to win real money in our https://lunarcapital.net/ monthly Forex demo contest with a $1,000 prize fund. Top-3 participants receive $500, $300, and $100 for the first, second, and third positions, respectively.
- The available methods vary depending on the client’s residence and may include local bank transfers.
- Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.
- However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security.
- Aside from the products and services already discussed in this review, LunarCapitalFx offers more.
- The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees.
- Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions.
Spreads can be as tight as 0.0 pips and those who go with the ECN/STP processing option will be provided with exceptional flow quality and reduced slippage. LunarCapital does not charge deposit or withdrawal fees on any of the payment methods offered. However, Nigerian traders may be subject to certain payment processing fees that their financial institution may charge, and LunarCapital cannot be held liable for these fees.
The LunarCapitaltrading app
- The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive.
- However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool.
- However, with deposits in currencies other than the USD, the payment provider on conversion of the funds to dollars using their internal exchange rate may charge additional fees.
- There are online brokers that don’t require a minimum deposit at all.
At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. Exness is a global broker known for its competitive trading conditions. This includes low spreads, flexible leverage options, and swap-free trading. Where Exness rises above LunarCapital is in their level of trading instruments.
While there are definite advantages to LunarCapital website LunarCapital’s high-leverage options, there are also some drawbacks. For this reason, it’s best to proceed cautiously with leverage, even if the allowed levels are high. It’s always smart to experiment with leverage by using smaller amounts until experience is gained.
Its customer support team can be reached using the platform’s live chat option, email, or social media. We don’t feel there are many surprises with LunarCapital pricing, which is a good thing. Tight spreads and no commissions make this one of the more affordable forex brokers. This combined with no fees for withdrawals, and no inactivity fee makes this a straightforward platform in terms of pricing.
The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot. See how leading review platforms in the trading industry rate us. Read what actual users and industry experts say about us online in broker reviews. Learn from the experience of Muhamad, a successful Indonesian trader. Learn how he started trading with LunarCapital and check out his tips for beginner traders. LunarCapitalFX is also available on mobile and has dedicatedapps for both iOS and Android.
This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities. 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. When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources.
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Risk WarningTrading forex, cryptocurrencies, indices and commodities involves significant risk and may not be suitable for all investors. Before investing, carefully evaluate your goals, experience and risk tolerance. Since trading can result in financial loss, only invest funds you can afford to lose.
A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services. LunarCapitalFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment. Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions. LunarCapital offers variable spreads with markup added, covering the service fee of the broker for facilitating the trade. The spreads that LunarCapital will depend on the financial instrument that is being traded and the market conditions on the trading day. The average spread that traders can expect is 0.6 pips on EUR/USD, the most liquid currency pair in the forex market.
It will also explore the investment safety measures provided by the broker. The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues.
I like that LunarCapital provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs. Whether you’re a beginner with LunarCapitalTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone. LunarCapitalFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics. The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets.