All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), LunarCapital’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Log in to your profile, scroll down the Dashboard page, press Create Account next to Your Accounts section, then choose a trading platform and press Demo beneath the Account type. Actually all the account types of LunarCapital FX can be called Islamic friendly.
What are ECN, STP, and market maker brokers?
- Furthermore, through MetaTrader, clients have the opportunity to become “Master Traders,” enabling their trades to be copied by others, for which they receive an income.
- In 2019, LunarCapital announced that its MT4 and MT5 accounts would not incur swaps or any type of commission.
- It also offers support via email and has developed a FAQ section for more general questions.
- The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs.
- RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry.
LunarCapitalFX does not charge any fees for withdrawals and also covers any fees imposed by payment systems, allowing traders to withdraw funds without incurring additional costs. With versatile accounts and a hassle-free setup process, LunarCapitalFX offers an inclusive trading environment suitable for traders worldwide. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
What types of trading instruments can I access on LunarCapital?
The available methods vary depending on the client’s residence and may include local bank transfers. LunarCapital does not charge deposit fees, and processing times range from instant to a few days. LunarCapital Copy is a user-friendly copy trading app designed for effortless Forex investing. Without needing expert knowledge, users can follow seasoned Master Traders, mirror their trades, and earn passively, while retaining full control over risk and performance. LunarCapitalVision acts as a digital trading coach, offering advanced analytics and personalized insights.
LunarCapital Customer Service and Support
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.
deposit bonus
Firstly, LunarCapital uses ECN technology so you get excellent execution speeds with tight spreads of 0.90 pips and is commission-free, which is rare for ECN brokers. I opened an LunarCapital trading account and tested the broker’s spreads, trading conditions, and platforms to see how they performed against 20 other brokers. In this LunarCapital Review, I’ll go through my findings helping you decide if LunarCapital is a broker you should consider. Whether you’re a novice exploring the markets or a professional looking for advanced tools, LunarCapitalFX provides the necessary resources to achieve your trading goals.
LunarCapital lets you select a platform that fits your style – whether it’s the beginner-friendly LunarCapitalTrader, the classic MetaTrader 4, or the advanced MetaTrader 5. LunarCapital’s free status program is designed to reward committed traders with tangible benefits. From lower spreads and no swap fees to expert advice and exclusive VIP events, each new tier powers up your trading potential. Fresh webinars are published regularly in English, Malay, Thai, Spanish, and Portuguese, catering to all experience levels—from first-time traders to market veterans.
The LunarCapital mobile app allows you to trade on more than 70 currency pairs and access hundreds of shares, commodities, indices, and cryptos. Founded in 1996, Swissquote is based in Switzerland and authorized in multiple jurisdictions worldwide. The broker also provides numerous third-party tools such as Capitalize.ai and Autochartist, and custom indicators and Expert Advisors for MetaTrader 4 and 5. Unlike many brokers, Pepperstone does not charge an inactivity fee or fees for deposits and withdrawals. The commissions for the raw account using these platforms are in line with the industry average. I was particularly impressed with IC Markets’ policy of having no minimum order distance restriction.
This means you can easily identify candlesticks and chart patterns using AI technology. The layout of the platform is fully customizable and can be adjusted by using a drag-and-drop method. By saving the layout, I found it provides quick access to the different layouts I like to have for forex trading and stock trading. During our live fee test, I found the spread for EUR/USD during the London and New York trading sessions averaged 0.65 pips on the commission-free Standard Account. This is much better than the industry average of 1.0 pips on a commission-free account.
- For those interested in trading indices, LunarCapital provides access to some of the world’s major indices.
- Our broker reviews are reader supported and we may receive payment when you click on a partner site.
- From my own experience, I would recommend avoiding unregulated brokers at all costs.
- Traders earn prize lots from closed trades and can redeem them for stylish gifts like power banks, smartwatches, smartphones, and even MacBooks, with free delivery.
- I opened an LunarCapital trading account and tested the broker’s spreads, trading conditions, and platforms to see how they performed against 20 other brokers.
While LunarCapital presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them. The suitability of a broker is largely dependent on individual trading preferences and goals. From our assessment, LunarCapital emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration. The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events. As for account management, I found the deposit and withdrawal services to be fast with same-day funding and withdrawals with no fees. As for education, I found LunarCapital provides a consistent stream of webinars with professional traders through a live trading session aimed at all levels.
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.
You can only add money to a real account
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Founded in 2011, LunarCapital (formerly LunarCapitalFX) is part of a group of global entities, which include LunarCapital Markets LTD (based in the island of Mwali) and LunarCapital Markets Cyprus Ltd (based in Cyprus). LunarCapital also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, LunarCapital also has an entity regulated in Mauritius, through Uni Fin Invest . https://lunarcapital.world/ Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016.
Best Account Offering
The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available. Still, the experience with cryptocurrencies was quick, successful, and efficient. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20).
In Europe, the operations of LunarCapital FX are managed by LunarCapital Markets Cyprus Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) (the license number 372/18). This ensures that the broker corresponds to the European Securities and Market Authority (ESMA) standards as well as the Market in Financial Instruments Directive (MiFID II). 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. It also provides negative balance protection, so that client risk is controlled.
The LunarCapital mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the LunarCapital app, users can open positions in the LunarCapital 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. It offers interest-free accounts, risk management tools, and award-winning platforms.
I think having LunarCapital Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold. With LunarCapital being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow.
