The entire process can be completed quickly, often within a day, provided the necessary documents are readily available. Lunar Capital doesn’t require a minimum deposit to open an account, a notable point in their favor. Lunar Capital stands out with several unique features designed to enhance the trading experience and provide insights into market trends. Lunar Capital requires a minimum deposit of only $25, lowering the entry barrier for many traders. Compared to other brokers, Lunar CapitalFx claims to have low trading fees and charges nothing on deposit and withdrawal.
Social Trading – Copy Trading
For instance, arbitrage trading is prohibited under their Customer Agreement. Lunar Capital does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US. Lunar Capital offers attractive pricing, with clear and understandable fees. Lunar Capital, in this regard, stands firm as it complies with all necessary regulations and takes substantive measures to ensure client funds’ safety.
Forbidden trading techniques
- The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed.
- In this section, we are going to be looking at these extra products and services.
- However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience.
- We generate income through various methods, which helps us convey facts transparently and not write biased content due to “broker sponsorships,” “commissions from financial companies,” and “advertisements.”
- The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee.
- However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity.
He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products.
However, Lunar Capital’s European entity is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. Copy trading is a way to make trading more accessible by copying trade positions. Moreover, you do not need trading experience for copy trading, so even novice traders can participate without incurring losses and risks. MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever. Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device.
Copy trading service launched
To access the full range of the broker’s offerings and functionality, clients can use any of the 3 trading platforms that are available as apps for mobile and on the web. Both iOS and Android versions of the trading platforms are also available for on-the-go traders. The dashboard, or client portal, provides relevant information and tools regarding the account.
While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed. However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience. The in-house Lunar Capital copy trading function is a welcome addition to the suite of services. 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. By offering a range of payment methods with swift processing times and zero fees, Lunar CapitalFX ensures that managing your trading funds is both efficient and economical. Lunar CapitalFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective.
- Here are some of the spreads we found on the most commonly traded assets with Lunar CapitalFX as an example.
- Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs.
- The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips.
- Lunar Capital is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).
- Various account types on the 3 platforms have different deactivation dates as stated below.
- The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform.
Depending on their experience with various financial services, some traders may naturally assume that what they see in a broker’s ad is precisely what they will get when engaging with this broker. When it comes to education, Lunar CapitalFX realizes the importance of your continued development and progress in the sector. They particularly cater very well for the new traders with an excellent basic training in forex including topics like how to get started with the broker, ECN trading, and technical analysis.
Lunar Capital, a globally regulated broker since 2011, breaks down some expectations traders build up when starting trading and explains why these starting points are better left behind. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. Trading hours are the times when a particular asset is available for trading.
MT4 Account
With trading costs being a significant determinant of success or failure, the broker is right to emphasise what a help this could be. Read our full explanation and accounting of our research and testing process to learn more about how we test. The following table summarizes the products available to Lunar Capital clients. Use our country selector tool to view available brokers in your country. The figures below reflect the available leverage at the offshore entity of Lunar Capital. Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares.
Each year, we collect thousands of data points and publish tens of thousands of words of research. Lunar Capital provides https://lunarcapital.net/ dozens of detailed guides in article format on subjects ranging from using moving averages to setting up the Autochartist Metatrader plugin. An 11-lesson course on forex basics is available in video format and makes a good primer for new traders.
What Reddit Users Say About Lunar CapitalFx
The custom-built Lunar CapitalFx mobile trading app features a simple yet functional user interface. The respective app versions are downloadable from the Google Play Store or App Store for Android and iOS-based mobile phones. Lunar CapitalTrader offers a fine array of charting tools to allow for a smooth desktop trading experience. From trend lines, to crosshairs, to zoom tools, they offer a broad range for trading optimization.
When it comes to regulations, Lunar CapitalFX is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776. Due to that, we highly recommend Lunar CapitalFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified. This can result in comparatively bigger movements than a well-diversified holding so is something to keep in mind. During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days. Opening an account with Lunar Capital is a relatively straightforward process.
As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features. Lunar Capital excelled in the category of fees, with tight spreads in CFDs on forex and shares. It also bucks the industry trend by not charging swaps or inactivity fees. For both trading accounts (Lunar CapitalFX MT4 and Lunar CapitalFX MT5), all fees are reflected in the spread – there are no additional commissions charged. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are https://lunarcapital.vip/ provided for a fee or through a subscription. We generate income through various methods, which helps us convey facts transparently and not write biased content due to “broker sponsorships,” “commissions from financial companies,” and “advertisements.”
Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. The Lunar CapitalFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks. In addition to the markets offered, as an Lunar CapitalFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location. The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature.
Account Types and Features
Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous. There is also the option to transfer funds to a wallet outside of these accounts but within Lunar Capital. Lunar Capital provides live quotes and detailed spread information on its website. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted.
Withdrawals can be initiated from the website dashboard or through the mobile app. In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, Lunar Capital launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable). Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content. In 2017, Autochartist was introduced, along with cryptocurrency trading and the first proprietary apps with market information, which would later evolve into the Lunar Capital app in the following year. In 2019, Lunar Capital announced that its MT4 and MT5 accounts would not incur swaps or any type of commission.