Lunar CapitalFx boasts of a spread floating, starting from as low as 0.6pips. Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD. Commodities like Gold and Silver are on the other hand, tradable on spot for a minimum spread of 1.9 pips and 2.0 pips respectively.
Electronic access and communication is also protected by a ‘SSL-secured Personal Area’, which has 128-bit encryption, and makes your browsing safe and your data inaccessible to any third parties. Platform choice ultimately comes down to personal preference, but Lunar Capital has signalled its intent by offering its clients the choice of two market-leading platforms. During our testing, we found the internet browser offered the best route into all the ‘extras’, such as copy trading, that Lunar Capital offers its clients.
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. Through the mobile app, clients can access multiple financial markets. CFDs on currency pairs, equities, indices, commodities, etc., on the go.
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. Lunar Capital states that the firm is in full compliance with international legislation and regulation standards, and guarantees funds security and negative balance protection (NBP) to its clients. Lunar Capital gives high priority to the ‘Analysis and Education’ section of its site. The ‘Forex Basics/Technical Analysis’ library, for example, contains a step-by-step guide to support traders that are getting into trading. This guide ranges from a glossary of the basics to videos on the important question of which time frame to adopt. The service provides tutorials, which explain how this is done and primes traders to run a cBot and use the free algorithms made available to them.
Lunar CapitalFX Mobile Platform
It’s important to note that minimum deposits and trading costs will also depend on which Lunar Capital entity you choose for establishing your trading account. Founded in 2011, Lunar Capital (formerly Lunar CapitalFX) is part of a group of global entities, which include Lunar Capital Markets LTD (based in the island of Mwali) and Lunar Capital Markets Cyprus Ltd (based in Cyprus). Lunar Capital also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, Lunar Capital also has an entity regulated in Mauritius, through Uni Fin Invest . From among the trading systems known as “Master Traders” to copy on Lunar Capital’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends.
Lunar CapitalFX Deposits and Withdrawals
The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. As stated on their website, over 21 million trading accounts have been opened across 180 countries with Lunar Capital. The idea of making the trading space more comfortable was the start. Only the traders themselves could give us a better insight into their preferences. Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability.
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. Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. Here are a few of the Lunar CapitalFX account types you can look forward to trading with once you get started.
Lunar CapitalFX forex broker (Company Information + Regulation)
The standard MT4 package, for example, comes with 30 built-in indicators, over 2,000 free custom ones on offer and 700 available for purchase. The MetaTrader platforms are well known for facilitating copy trading and developing trading forums. Clients of Lunar Capital are able to engage in the Expert Advisor and https://lunarcapital.vip/ MQL5 areas of the MetaTrader site. 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.
Traders have complete control over the process and can stop copying anytime. Lunar Capital clients with an MT4 account can also elect to become Master Traders. They can then trade as usual and earn additional income whenever others choose to copy them. Popular features such as 1-click trading, alerts, and watchlists are available. Traders can access all basic order types (market, limit, stop loss) via the platform. MT5 provides a greater number of technical indicators, timeframes, and graphical objects.
- Lunar Capital does not charge fees for deposits or withdrawals, nor does it impose commissions on trades.
- Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes.
- In addition to this, Lunar CapitalFx is one of the MetaTrader 4 brokers and also offers the MetaTrader 5 platforms to traders.
- The range of available CFDs on indices is also better than average.
- This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account.
Account Types Comparison
There is also an availability of multiple trading tools and indicators, which serves to enhance clients’ trading experience and help them trade confidently. The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week. Lunar CapitalFX’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. Lunar CapitalFX’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders.
- The standard MT4 package, for example, comes with 30 built-in indicators, over 2,000 free custom ones on offer and 700 available for purchase.
- We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors.
- The broker claims to process all withdrawal requests received within 1-3 hours.
- 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 availability of two trading platforms—Lunar CapitalTrader and MT5—caters to diverse needs, while the inclusion of swap-free Islamic accounts and demo accounts highlights the broker’s commitment to inclusivity.
- While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect.
Trader Protections by Territory
Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. During certain events, Lunar Capital offers a bonus where you can claim up to a 100% deposit bonus. Incorporated into the spread, offering cost-effective trading for CFDs. Moreover, Lunar Capital offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum.
Every year we improve our conditions to make your trading journey easier. Overall, Lunar Capital has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to Lunar Capital receiving a top rating for its deposit and withdrawal procedures.
Fits your trading style
Some market analysis tools are economic indicators, market information, forex news, interest rates and holiday calendars. These tools effectively judge the market environment and make decisions that are most appropriate per the environment. Trading in the Muslim community https://lunarcapital.net/ is considered haram, but swap-free trading accounts, which do not include interest charges, are considered legitimate. When starting to engage with a financial broker, an emerging trader may assume that withdrawing their gains is always as fast and easy as making a minor cash transaction during regular business hours.
Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save. No, the broker does not offer real shares as part of its trading instruments. Aside from the products and services already discussed in this review, Lunar CapitalFx offers more. In this section, we are going to be looking at these extra products and services. These two minor points do not detract from the trading experience, and Lunar Capital can be congratulated for so effectively shaking up the broker space. A wide variety of educational content is available for Lunar Capital users under the ‘Traders’ Tools’ section.
It offers not only a wide range of trading asset platforms but also additional perks like deposit bonuses, SSL security, negative balance protection, and more. Moreover, the broker is highly regulated under two top-tier financial watchdogs, including CySEC and FSA, making the broker platform a reliable place to trade. The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks. Lunar CapitalFX, a globally recognized online forex broker, was established in 2011 with its headquarters in St. Vincent and the Grenadines.