As stated on their website, over 21 million trading accounts have been opened across 180 countries with Lunar Capital. Account opening is very much a standard process these days, but Lunar Capital does offer a particularly neat twist to the situation. The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers.
Copy Trading and Additional Services
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Read our full explanation and accounting of our research and testing process to learn more about how we test.
Weekend trading enabled
A welcome addition would be third-party account insurance (such as a policy https://lunarcapital.net/ from Lloyds of London), as seen at some other popular offshore brokers. Overall, I rate Lunar Capital as an innovative broker with a client-centric focus. Lunar CapitalFX, a globally recognized online forex broker, was established in 2011 with its headquarters in St. Vincent and the Grenadines.
With its robust features and precision, cTrader caters to those seeking a sophisticated and efficient trading platform. The Lunar Capital mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the Lunar Capital app, users can open positions in the Lunar Capital account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full trading history. It features attractive charts for all three account types, allowing trading and modifications.
The Lunar CapitalTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading. There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience.
- Opening an account with Lunar Capital is done online with a few simple steps which enable you to set up a real or demo account.
- In addition, Lunar Capital boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders.
- The Lunar CapitalFX MT5 pro account is one which they recommend for the more experienced traders.
- Once users have gotten up to speed on a demo account, they can easily switch to a live version.
This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account. It will also explore the investment safety measures provided by the broker. One thing that stood out to me about this broker during my review was the ease of use.
- Lunar Capital excels in research, offering regularly updated commentary written by in-house analysts and trading ideas.
- Lunar Capital does not charge for most deposits and withdrawals, although third-party providers may impose fees.
- To change the leverage on Lunar CapitalFx, users first have to login to their trading account.
- With a perfect score in this category, Lunar Capital has gone above and beyond to educate its clients.
The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” Lunar Capital offers trading accounts denominated exclusively in US Dollars (USD). We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts.
Lunar Capital offers competitive trading fees, making it particularly attractive for traders looking for tight spreads. The broker provides commission-free trading on its Standard accounts, with low spreads starting from 0.4 pips on major currency pairs, which enhances cost-efficiency for clients. Additionally, Lunar Capital does not charge any fees for deposits or withdrawals, further reducing the overall trading costs for its users. This combination of low spreads and fee-free transactions makes Lunar Capital a popular choice among traders who are focused on minimizing expenses and maximizing their profitability in the forex and CFD markets.
Trading Information
When we tried the customer support service offered by the broker, we realised that it offers prompt-based chat support and does not allow users to ask questions directly. Although the response is instant, the broker lacks a personal touch in customer support, you can opt for SmartSTP broker to get better and personalized customer support. Lunar CapitalFX offers benefits like https://lunarcapital.vip/ negative balance protection and no commission and interest charges in the Islamic account.
The account base currency is that which you trade in with the broker. These are, EUR within the EU, and both EUR, and USD for traders outside the EU. You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips. It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading.
You will also find fixed spreads available on the MT4 Micro account that start from 2 pips. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Lunar Capital provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices.
Lunar CapitalFX Deposits and Withdrawals
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector.
Furthermore, the spreads starts from 0.6 pips on different accounts; However, it depends on the instrument or the trading pair. There are a lot of additional services to complement the trading interface. The research and learning sections, for example, are of a very high standard and the in-house copy trading service is a neat addition.
Lunar Capital FX Charting and Tools
In this review, the FXStreet team presents an independent and comprehensive analysis of Lunar Capital, grounded in direct testing and real user experiences. 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 Lunar Capital’s trading conditions, tools, support, regulatory standing, and overall suitability for traders. In their review, they claim their European entity being largely unregulated is a red flag. According to a member on Reddit, Lunar CapitalFX occupies the security commission’s list of platforms to avoid. However, some users have appraised the company, claiming they had good trading experience and fast withdrawal.
Lunar Capital also recommends starting with a modest sum and ensuring the spreads and fees are what you expected. Another factor that significantly contributes to a broker’s reliability is extensive market experience and global reach. For example, Lunar Capital uses its successful track record of more than 14 years across multiple regions to ensure fast order execution, secure data processing, and better quotes for traders. Lunar Capital enables traders to access popular commodities such as gold, silver, and crude oil. These instruments are offered as CFDs, allowing traders to take advantage of price movements without the need to physically own the commodities.
However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. Lunar Capital offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies.
All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. Lunar Capital has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. Lunar Capital may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts. Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform. This seems like the perfect choice for novice traders to trade without any risks and access advanced trading features at the same time.