These spreads are markups with no added commissions, meaning the spread is the only trading cost, and it adjusts dynamically based on market conditions. While spreads on EURUSD and share CFDs are impressively tight, costs on commodities and indices—especially crude oil—are noticeably higher than average. Still, the lack of non-trading fees and its universal swap-free structure give it a significant edge for traders who hold positions overnight. LunarCapital accepts payments via credit cards, cryptocurrencies, and different e-wallets. The broker does not impose a handling fee on deposits or withdrawals, though third-party banking fees may apply. On the plus side, the broker offers swap-free trading and doesn’t charge any non-trading fees.
It is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). With all the different features available in the platform, it is certainly worthwhile testing for yourself. One thing to bear in mind is that access to the full range of the 3 million investment products is only available with the entities regulated by FINMA, CSSF, and the DFSA. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI. Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account.
Alternatively, beginners can use the LunarCapital Web Platform, which will be easier to get started with. It was founded in 2011 and is authorized and regulated by the UK FCA, CySEC, FSCA and the FSC Mauritius. Professionals can access commission-free ECN accounts from advanced trading platforms and become a strategy manager on its copy trading platform.
Non-trading fees
This allows less experienced traders to learn from and imitate the trading strategies of successful traders. Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes. LunarCapital provides fully functional mobile trading apps for MT4, MT5, and LunarCapitalTrader that are available for both Android and iOS devices.
- LunarCapital provides a fast service for its withdrawals by sending your funds within 30 minutes after being approved.
- Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD.
- The EU arm of LunarCapital FX guarantees openness via adherence to monetary and moral laws requiring it to have at least €730,000 of operating capital.
Favourable trading conditions for all LunarCapital trading accounts
I like that LunarCapital provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs. Whether you’re a beginner with LunarCapitalTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone. LunarCapitalFX stands out as a versatile and cost-effective broker, appealing to traders across various experience levels. Established in 2011, it has built a strong reputation for offering competitive trading conditions, robust platforms, and a user-friendly environment.
LunarCapital excels in customer service thanks to its sophisticated AI assistant. It also offers support via email and has developed a FAQ section for more general questions. Help is available in multiple languages, including English, Spanish, Urdu, Arabic, and French. When we review brokers, we look at the licenses held by each of their entities to understand how well they protect clients. We use a simple three-tier system to rank regulatory bodies, with Tier 1 being the most trusted and offering the highest level of protection. It keeps client funds segregated and ensures negative balance protection.
Discussions and Forums about LunarCapital – What Real Traders Are Discussing
- To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount.
- ActivTrades offers an excellent range of share CFDs from the U.S., Europe, the UK, Asia, South America, and other regions.
- It offers high leverage, a diverse range of instruments, and user-friendly trading platforms.
Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. From among the trading systems known as “Master Traders” to copy on LunarCapital’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. Risk WarningTrading forex, cryptocurrencies, indices and commodities involves significant risk and may not be suitable for all investors. Before investing, carefully evaluate your goals, experience and risk tolerance.
Trade with the Best Global Broker Asia 2022
In addition to traditional platforms, I did find that copy trading is available through the LunarCapital Copy platform giving you an alternative approach to leveraged products like forex and gold. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised.
There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. LunarCapital platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. As for education, I thought LunarCapital did a good job at presenting the basic concepts of forex trading through an online video course. I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time. You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best.
Consequently, it serves as a perfect platform for anyone aiming to monetize their network within the Forex industry. You can jump in or out of the market quickly to take advantage of even the smallest price changes. https://lunarcapital.net/ For example, if you go long on gold and the price rises, you profit; if it falls, you lose—without ever buying real gold.
This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals. LunarCapital offers the basic options when it comes to funding your account through traditional methods and some crypto options. The broker offers reasonable times to process your deposit and withdrawals. LunarCapital scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations.
The main difference between LunarCapital’s accounts lies in the trading platform they use. The LunarCapitalTrader account offers the best overall conditions of the bunch, but it doesn’t support algorithmic or stock trading. In my estimation, LunarCapitalTrader is a great fit for technical and day traders looking to scoop the next best trading opportunity, thanks to featured trading signals and market breakdowns.
LunarCapital Copy Social Trading App
You can experience an “over the shoulder” session with a trader which is helpful to get professional feedback on current market events. You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question. The LunarCapitalTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes. However, after testing I found the platform covered the top indicators like volume and moving averages along with Fibonacci retracement tools. LunarCapitalFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective.
For example, the MT5 is faster thanks to being rebuilt using 64-bit architecture which means your execution times and price feeds are faster, and now allows you to trade stocks. One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your LunarCapital account. You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically.
It allows traders to practise strategies, use technical tools, and explore trading platforms with virtual funds and no financial risk. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. LunarCapital is a global trading platform founded in 2011, serving clients in 180 countries. With over 42 million accounts and 277 instruments, it offers commission-free access to CFDs and supports traders with free educational tools and expert market analysis. LunarCapital provides an extensive range of research and educational materials useful for beginner traders who are just starting out.