After conducting a series of tests, I concluded that Lunar Capital’s multilingual customer support is fast and reliable. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, Lunar Capital announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. All the services on the Tradersunion.com website are free for you to use.
Trading Platform
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. If you have at least $250 on your trading account, you can access the bronze package, which I use, and join analysis discussions that are always going on.
- Lunar Capital recently strengthened its educational tools by introducing the Academy.
- For traders looking to enter the rapidly growing world of digital currencies, Lunar Capital provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.
- For a wider range of asset classes, you might want to look for a different online broker.
- You can choose from a great variety of trading platforms with low pricing and fast execution speeds.
With access to over 500 instruments, Lunar Capital ensures that traders have numerous options to explore and capitalize on market opportunities. Lunar Capital only offers MT4 on a mobile trading platform, but it is available for both Android and iOS. Lunar Capital offers a range of account funding and deposit methods, including local bank transfers, debit cards/credit cards, Bitcoin payments, and various eWallets. Deposits are free on all funding methods and are processed within 24 hours, which is around the industry average. However, it takes 48 hours on average for Lunar Capital to process withdrawals, which is longer than most other brokers.
Do spreads change during volatile trading periods?
To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. 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. However, Lunar Capital has some drawbacks, such as occasional withdrawal delays and limited weekend support.
I was registered on Iron under account…
The fee is charged until account activity resumes or the account balance drops to zero. The values listed below are for one full base currency contract (100,000 units). A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
Other than that, the set of tradable assets is also appealing, trade any you get used to. Perhaps, the website is quite poor in terms of information, but it’s not a very serious trouble. Just a few days ago I closed excellent buy order on EURUSD currency pair.
“Have been trading”
I can call the broker, as a comprehensive trading educational platform. By the way, the second reason, why it was nice to start trading with them, is the place where you trade. And in general, after watching a few videos, I could easily get an idea https://lunarcapital.vip/ how to open trades. Probably, they should add the metatrader 5 platform already because it’s not serious when a broker of such a level can’t offer the mt5. Skipping platforms, Lunar Capital seemed to have a solid trading infrastructure.
When it comes to low fees, this broker is one of the first ones to pop up in my mind. They really stand out, especially since they offer a stp ecn account with zero commissions and tight spreads of 1 pips on average. The lack of trading in equities and options besides the share CFDs might disappoint stock and options traders, although Lunar Capital might be suitable for traders who only want to trade in these markets. For a wider range of asset classes, you might want to look for a different online broker.
- Additionally, the platform employs SSL encryption to secure all transactions and customer data, further enhancing the overall security of trading with Lunar Capital.
- Platform support is limited to MT4, but Lunar Capital offers an upgraded package labeled MT4 Advanced, which transforms MT4 into a state-of-the-art trading terminal.
- These webinars cover a wide range of topics, including technical and fundamental analysis, trading psychology, and market trends.
- Brokers operate multiple entities globally, but regulatory protections vary.
- Phone support is only available to active clients with their account managers.
- While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content.
Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions. Lunar Capital’s blog content is curated by Lunar Capital’s in-house analysts and is updated frequently. The blog content is a mixture of educational materials, explaining concepts such as technical and fundamental analysis, and also provides an overview of the markets. On the whole, other than the video material, blog content, and one downloadable e-book, Lunar Capital’s educational materials lack depth and provide only a sweeping overview of the basics of forex trading. Lunar Capital also offers a range of trading calculators, including a currency converter, a pip calculator, a margin calculator, and a profit calculator.
Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to https://lunarcapital.team/ each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.
What is the minimum deposit for opening an account with Lunar Capital?
Lunar Capital could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. You can reach customer support directly on the Lunar Capital website through its live chat feature. The broker also provides email and telephone support on a 24/5 basis throughout the trading week in 45 different languages. The FAQ section answers the most common question, and live chat is available with fast response times for basic questions. Traders must ensure they execute risk management to avoid magnified losses. Lunar Capital offers negative balance protection, meaning traders can never lose more than their deposits.
Lunar Capital charges admin fees on some withdrawal methods in addition to a fee of 50 USD for bank transfers under 300 USD. Platform support is limited to MT4, but Lunar Capital offers an upgraded package labeled MT4 Advanced, which transforms MT4 into a state-of-the-art trading terminal. Traders can also choose between nine live flexible accounts, including a low-deposit Cent Account that appeals to beginners who prefer to make smaller trades measured in micro-lots. While Lunar Capital does not impose hidden fees, commission charges may vary based on the base currency of the account and market conditions. Traders should refer to the client terminal for real-time spreads and commission charges, and review the terms for any applicable conditions.
Lunar Capital offers a comprehensive suite of trading platforms suited to different trader needs, from beginners to professionals. The MT4 platform remains a dominant choice for its functionality and reliability, while the additional options like MT4 Webtrader, VPS hosting, and PMAM provide further versatility. Hello Fedde, We’re delighted to hear that you appreciate our account options!
Everything looks so laconic out here, I’d say even harmonical.I am trading with this broker for a couple of months and haven’t found any serious drawbacks so far. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. Lunar Capital offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero.
Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the Lunar Capital account name. Some payment processors have geographic restrictions, but the Lunar Capital back office will only list the ones available to traders. The broker also offers downloadable e-books that serve as comprehensive guides to forex and CFD trading. These e-books cover a wide range of topics, from understanding market mechanics to developing effective trading strategies. Traders can download these resources and refer to them at their convenience, building a strong foundation in trading knowledge at their own pace. Lunar Capital hosts regular trading webinars conducted by experienced market analysts and trading professionals.
Lunar Capital are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements. The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. Lunar Capital’s bonuses and promotions provide valuable opportunities for traders looking to enhance their trading experience with additional capital. Whether you’re a beginner looking for a deposit boost or an experienced trader aiming for greater leverage, Lunar Capital offers a variety of options that can help you achieve your trading goals. While these bonuses cannot be withdrawn, they provide great incentives to get started and explore new strategies.
From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Join the conversation and discover insights that can help you navigate the exciting world of currency trading. Explore the best Forex brokers for beginners in the UK with user-friendly platforms, educational resources, and demo accounts. As a trading platform, MT4 remains one of the most popular for its wide community support, trade execution speeds, charting tools, and customisability. Additionally, traders can take their own customised version of the platform with them should they decide to migrate to another broker.