Terms and conditions apply, and traders should review the bonus rules to understand any withdrawal requirements. With a minimum deposit of just $50 for most account types, the Absolute Zero account is highly recommended for traders seeking low-cost trading solutions. However, it’s crucial to keep in mind that the most overlooked fees in Forex trading are swap rates on leveraged overnight positions. These fees can accumulate over time, particularly for traders holding positions long-term. LunarCapital is an online, multi-asset broker best known for forex trading. Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips.
What is the minimum deposit required to open an account with LunarCapital?
- However, I consider it cumbersome and not the best choice for analyzing price action.
- The broker provides featured trading ideas from Trading Central, offering day traders insights into developing market setups.
- Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
- The high quality of their services has been acknowledged by the numerous international awards that they have won over the years.
The high quality of their services has been acknowledged by the numerous international awards that they have won over the years. If you are looking for a reliable trading broker with everything that you need in once place and much more, LunarCapital are a top choice. Founded in 2010, LunarCapital has grown into a leading Forex and CFD broker, serving over 1.5 million clients from 180 countries. Renowned for offering the trusted MetaTrader 4 (MT4) platform, LunarCapital is regulated by top authorities, including the FCA and FSCA. With its headquarters in Cyprus, the broker provides both ECN/STP and Market Maker execution types, catering to traders of all experience levels.
“I found out that my withdrawal had not been processed. I had to act quickly by contacting the Organi”
If you are new to trading online, then you will be pleased to find a demo account option. This can be the perfect way to get used to using the platforms and for testing your trading strategies in a risk-free environment. This is not something exclusive to this broker, you will find most have a demo account available. LunarCapital continues to https://lunarcapital.net/ expand its global reach and offers services in many other countries, including Canada (with specific regulations) and select jurisdictions in the Caribbean. The broker remains committed to providing secure and accessible trading opportunities to clients in regions where forex and CFD trading is permitted.
- All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations.
- LunarCapital offers eight distinct account types to cater to various trading styles and preferences, with most requiring a minimum deposit of $0, making them highly accessible.
- You can also use the LunarCapital demo account to improve your trading skills.
- The broker also provides educational resources to guide traders in navigating the complexities of cryptocurrency trading.
- With this type of account, traders receive direct access to other participants in the market.
According to its LinkedIn page, LunarCapital has been in operation for 15 years and employs over 600 people—both indicators of its stability. After reviewing the broker’s legal documents, I found everything to be in order. The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format.
My live tests demonstrated that LunarCapital charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably. After making a profit, my account was limited and I lost all my earnings. Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com.
In addition to top class trading conditions, you can also get your hands on comprehensive educational content and premium research tools. The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed.
Does LunarCapital offer a demo account?
With an average rating for commissions and fees, LunarCapital provides a standard cost structure without significant advantages. Moreover, we appreciate that the broker has a really great choice of educational tools for new traders. It includes useful videos, a glossary with the most needed words, and a lot of eBooks. And the minimum deposit is competitive for the UK’s trading market £100. You can also use the LunarCapital demo account to improve your trading skills.
Can I Cancel An Instant Order Request At LunarCapital?
For instance, it has 3 types of charts, namely bars, Japanese candlesticks, and broken line, but it features only 30 of the most popular technical indicators. LunarCapital gives its clients great exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and more. CFDs are available on shares by Walt Disney, Cisco Systems, Facebook, JPMorgan Chase & Co., HP, Apple, HSBC, eBay, Google, Lloyds, Samsung Electronics, Airbus, and many more. The same subcategory also includes trading of spot energy commodities. The broker offers CFDs on several commodities, including Brent Crude and West Texas Intermediate (WTI) oil.
Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass LunarCapital’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. LunarCapital provides a rich collection of educational articles that delve into various aspects of trading.
How long does LunarCapital withdrawal take?
The platform could use more features for advanced traders, but for day-to-day trading, it does the job. MetaTrader 4 or MT4 can be downloaded directly from the LunarCapital website for those who prefer the downloadable software package. With it, clients have access to more than 200 financial instruments in Forex, shares, spot indices, spot metals, futures, and commodities. The platform is fully customizable and offers advanced charting and a wide range of indicators, as well as useful Activity Reports, and online streaming news. LunarCapital offers several trading platforms, available for PC, Mac, and mobile devices. The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform.
They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels. The choice of account types will also suit varying trading styles and capital needs. I like the trading fees in the LunarCapital Absolute Zero account, where traders get commission-free spreads from 0.3 pips. VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. I found LunarCapital’s selection of tradable instruments diverse enough to accommodate most trading strategies. The broker offers gold and silver CFDs denominated in EUR and USD so that traders whose accounts are also denominated in the same currencies do not have to pay a conversion fee.
Among the drawbacks I found were the lack of an alternative to the MetaTrader 4 platform and elevated spreads on certain popular instruments, such as EUR/USD and GBP/JPY. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
LunarCapital is dedicated to assisting its clients in evolving and becoming more successful and productive traders. A plethora of advanced trading tools, training material, and market insights are provided to fulfill your abilities and expectations while keeping you up to date. LunarCapital may help you improve your professional trading by improving your trading methods and tactics.
If you don’t have the expertise or time to trade in the forex market, why not learn from an experienced trader? You might begin by replicating the tactics of LunarCapital’s Strategy Provider(s) and building your own customised portfolio. LunarCapital is a global multi-asset CFDs broker and is part of the LunarCapital Group which includes several entities including some authorised and regulated by the FCA (UK) and the FSCA (South Africa).
LunarCapital provides an average selection of trading platforms and tools. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. LunarCapital is a real broker offering trading services in forex, commodities, shares, and more across over 180 countries globally. It has been in operation since 2010 and is regulated by several financial authorities, thus proving that it is a real CFD broker.