Some traders will be seeking exposure only to one asset class, such as Forex, or CFDs on individual stocks and shares, while others will be looking for diversification. Lunar Capital Group’s mobile trading apps are reliable, with a strong rating. They support both MetaTrader 4 and 5, making them a highly recommended choice for mobile trading.
What Can I Trade With Lunar Capital?
- The spreads are not the best you can find, but trading costs can be reduced with the zero spread account.
- Each year, we collect thousands of data points and publish tens of thousands of words of research.
- I do not think I have met a trader yet who does not know the broker.
- Lunar Capital is a reliable and well-regulated broker offering a broad range of trading instruments, competitive spreads, and multiple account types.
There is also a withdrawal priority procedure if you have funded the account by different methods. If you have deposited via a credit/debit card then the withdrawal back onto the card can cover the deposit amount. Anything above this amount can then be transferred via bank wire or e-wallet for the remaining transfer of funds.
Is Lunar Capital Suitable For Beginners?
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). If you are a retail trader, looking for a broker that focuses on stocks and forex, then Lunar Capital should certainly be worth your consideration.
The MT4 comes with 30+ trading indicators and 24+ analytical tools to help clients perform in-depth technical analyses. On the other hand, MT5 desktop terminal has 38 trading indicators and 44 analytical tools making it a little superior to the MT4 trading platform. However, crypto CFDs aren’t available to UK clients amid FCA restrictions. The holder solely does account funding; third-party payments are not accepted. For electronic payment systems, the minimum deposit amount is 5 US dollars. Here is a table of average spreads and swaps for major currency pairs on Lunar Capital’s Standard account.
- If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply.
- I switched here briefly from another company just to test myself in the competition.
- Looking also at the number of base currencies available, there are 11 to choose from.
- These accounts are designed for clients who cannot trade swaps due to religious beliefs.
- It supports up to 128 trading accounts, has multiple order types, three allocation methods and provides management and execution in real time.
You can read a detailed Lunar Capital broker review in the broker review section on our website. Only shares from the USA, UK and Germany are real shares on Lunar Capital. Lunar Capital services are available all across the globe except for a few jurisdictions, such as Iran, Somalia, Afghanistan, North Korea, Canada and the United States. However, it should be noted that Lunar Capital reserves the right to require adequate justification to open such an account. This may include providing documents or other evidence confirming the client’s religious beliefs. Lunar Capital is an international Forex and CFD broker regulated by reputable organizations such as ASIC (Australia), CySEC (Cyprus), and FSC (Belize).
Probably a lot of traders already shared their experiences with Lunar Capital broker except me. Well,I’ve been trading via Lunar Capital for over 1 year and for all this time I can say this is a great brokerage company. Most of all I like how often they hold trading competitions for their customers.
Costs and fees
With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. Overall our online Lunar Capital review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Lunar Capital or you find inaccurate details Lunar Capital broker review please get in touch with us and the changes will be applied. VPS HostingLunar Capital offers free VPS hosting for accounts with a minimum deposit of $5,000, ensuring fast and stable execution, especially beneficial for automated trading using Expert Advisors (EAs). I wonder if it is the same for everyone… once I started trading here, https://lunarcapital.net/ I was actually excited to tell people about the broker.
This means that traders cannot lose more money than they put into their account and is excellent for beginners especially. The Learning Centre hub is another area of the site for traders to learn their craft. We are impressed with the selection of educational videos, platform tutorial videos, whilst the Lunar Capital Live video feed is a service you will very rarely see with rival brokers. Customer support is one area where Lunar Capital really will go the extra mile.
How can I deposit into an Lunar Capital account?
MT4 is ideal for those looking for a user-friendly platform with advanced analysis tools, while MT5 takes things further with enhanced features like hedging, netting, and an economic calendar. The Lunar Capital mobile app is available for both Android and iOS, offering secure login options such as fingerprint and face recognition. It provides real-time alerts, charting tools, and full trading functionality, allowing users to trade and monitor markets from anywhere. Lunar Capital Group offers a well-rounded selection of account types to meet the diverse needs of traders. This regulatory oversight guarantees strict adherence to industry standards, protecting your funds and personal data. Lunar Capital’s commitment to security offers clients peace of mind, knowing that their trading experience is safeguarded by both global financial regulations and advanced security measures.
Inactivity charges are low on the monthly rate but kick in after only a short time. The instructional videos, which number close to fifty, cover material spread throughout seven distinct courses. The broker begins by teaching traders the fundamentals of forex and CFD trading, and gradually advances them to more complex topics. Furthermore, numerous articles provide in-depth information on various trading issues and general industry standards.
For day traders seeking even lower spreads, the Lunar Capital Zero account provides spreads starting from 0.0 pips with a small commission per trade. Another helpful feature is MT4 MultiTerminal, allowing experienced traders to manage multiple client accounts simultaneously. It includes Depth of Market (DOM) features and a built-in economic calendar. For day traders seeking even lower spreads, the Zero account provides raw spreads from 0.0 pips with a commission of $3.50 per lot per trade. While deposits are free, some withdrawal methods, such as certain bank transfers, may incur small fees. Lunar Capital’s deposit and withdrawal options are competitive compared to multi-regulated brokers such as IC Markets, Pepperstone, and Lunar Capital.
Islamic AccountsIslamic swap-free accounts are available upon request for traders who follow Sharia law. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with Lunar Capital please share your personal review of the broker and what you think are strong and weak points. Lunar Capital is good if you want to open an account and start trading quickly. I think the platform is pretty dated though and you can’t trade ETFs.
Still, its good to know that if you do need the help desk, you will be dealt with promptly and helpfully. Lunar Capital charges an account inactivity fee of $10 per month after 90 days. Lunar Capital charges no additional fees on deposits or withdrawals except where an amount of less than $200 is moved by wire transfer. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
Dealing desk brokers can manage the risk of their clients’ trades in two ways. They can keep it in-house (and therefore effectively take the other side of the trade to the client), or they can push the risk out to liquidity providers. There is no way of knowing how much risk a dealing desk broker such as Lunar Capital would take on. There is no way of knowing how often, if at all, Lunar Capital trades against its clients. Lunar Capital does not appear to offer STP (Straight Through Processing) or ECN (Electronic Communications Network) trading accounts.
We believe that Lunar Capital’s spreads are reasonable but not as competitive as some rival brokers. Newbie traders will often prefer to practice before they trade. At Lunar Capital there is a Demo Account facility that gives you a virtual balance of $100,000 to play around with and find your feet. The demo account has an unlimited duration, giving you all the time you need to get prepared for trading a real account.
Some traders may wish for a deeper choice of platform that is given here, yet a big majority of traders who find themselves considering becoming customers of Lunar Capital will find the choice on offer adequate. It can be said that these levels of spreads and commissions are competitive for depositors of relatively low amounts. The minimum deposit required to open a Standard Account is only $5, so for traders depositing only a few hundred dollars or less, these fees will certainly be competitive. Lunar Capital is one of the few brokers who have a good reputation among clients on Reddit.