The account type names and offered trading platforms are much alike. For example, LunarCapital trader account can be described as intuitive and versatile. Meta 5 trader account is definitely for advanced and experienced traders. It offers a diverse range of trading instruments, competitive leverage and minimum deposit of 25$. Though Meta trader 4 account is considered to be more simple and popular, the minimum deposit remains the same – 25$. Traders can access a wide range of currency pairs, popular CFDs including silver, gold, crude oil, indices, and trade 30 cryptocurrencies.
Expert Advisors are written in a proprietary programming language called MetaQuotes Language Version 4. MetaTrader 4 (MT4) provides robust technology and https://lunarcapital.live/ high security, helping users trade without worrying about the platform’s stability. It offers tools for price change tracking, trend pattern recognition, and automated trading.
In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, LunarCapital 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 LunarCapital app in the following year. In 2019, LunarCapital announced that its MT4 and MT5 accounts would not incur swaps or any type of commission. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.
Desktop Trading Platform
The account is available on both MT4 and MT5 trading platforms, and comes with market execution. LunarCapitalFX supports the popular trading platform MetaTrader 5 (MT5), widely appreciated for its advanced analytical tools and user-friendly interfaces. The broker caters to traders of all experience levels, offering educational resources, demo accounts, and low-deposit entry points, making it particularly suitable for beginners.
Minimum deposit
LunarCapital also uses strict “Know Your Customer” (KYC) procedures where the identification and address proof of all new traders are verified, ensuring that all transactions are secured and authorized. Bonuses of 10%, 20% or 50% can be claimed on each deposit with LunarCapitalFx but there are even bigger bonuses available during holidays and other limited-time events. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. Coming to leveraged overnight holdings, the broker charges no swaps. Join an intenational broker with 12 yearsof experience and 60+ industry awards. Trade with a 100% deposit bonus and get a chanceto win an iPhone 15 Pro, a merch pack and many more.
However, some users have appraised the company, claiming they had good trading experience and fast withdrawal. On LunarCapitalFx, customers can withdraw funds from their trading accounts using the same ways they deposited. To withdraw funds, customers’ free margin has to exceed the withdrawal amount, then they have to complete the verification process and get their accounts verified.
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. I think LunarCapital is a solid option as it provides excellent features that I think will appeal to a variety of traders. 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. They offer tight spreads with pips as low as 0.6 pips for all accounts.
Platform Trading di LunarCapital
A standout feature Lunar Capital scammers of FBS is its user-friendly platform that appeals to beginning investors. There’s a very small learning curve with the brokers, which is something we love. Clients will also find good market analysis tools with FBS, which is key for making informed decisions.
No commissions or fees
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. A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. This is a useful feature if you’re new to trading as you’ll know your monetary risk instead of guessing with a pip conversion which could lead to mistakes and over-risking your trades. I was curious to know why they offer this as other brokers are not so generous when it comes to absorbing the swap costs. LunarCapital said that offering swap-free accounts aligns with its business goal of serving a global clientele.
Going by customers’ review, LunarCapitalFx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts. Aside from the products and services already discussed in this review, LunarCapitalFx offers more. In this section, we are going to be looking at these extra products and services.
LunarCapital offers Nigerian traders a wide range of offerings and investments, competitive and transparent trading costs, and a choice between powerful trading platforms. The broker has its proprietary trading platform known as LunarCapitalTrader, which operates on web and mobile versions. In addition to this, LunarCapitalFx is one of the MetaTrader 4 brokers and also offers the MetaTrader 5 platforms to traders.
- This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out.
- Where Exness rises above LunarCapital is in their level of trading instruments.
- In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative.
However, this should not detract from what LunarCapitalFX is, as a convenient, efficient, cost-effective trading proposition, that is attracting a number of third-party industry awards. In addition, during its time in operation, LunarCapital has already executed more than 500 million trades, obtained 38 forex industry awards, and paid out over 6.1 million USD in bonus funds to traders. LunarCapital has a transparent overnight fee schedule that indicates the overnight and swap fees for every financial instrument that can be traded. For example, the current overnight fees on EUR/USD are -0.64 pips on a short (sell) position and -1.03 pips on a long (buy) position. These fees are determined by interbank rates, market conditions, position size, and several other factors.
- The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security.
- LunarCapitalTrader offers decent usability and is a bit more simplified than MT4 and MT5.
- 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.
- In this LunarCapital Review, I’ll go through my findings helping you decide if LunarCapital is a broker you should consider.
- Even though the price changes are small, they add up over the course of the day—smaller profit opportunities are easier to catch than the larger ones.
LunarCapital platform
The firm has a strong foothold in the Asian market through its offering an outstanding trade execution service that appeals to traders from all corners of the world. There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform.
LunarCapital FX gives priority to customer support and helps through different means. Live chat and email are the available ways for traders to get in touch with customer support. Moreover, this forex trading broker offers a broad FAQ section which covers almost everything about forex trading, plus free educational materials to help new consumers enter the trading sphere. There are plenty of educational and research materials, user-friendly interface, low minimum deposits and competitive spreads. However, it also serves well for experienced ones, who get used to MetaTrader.
I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads LunarCapital supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested. 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. Both platforms are available on desktop, web, and mobile devices, ensuring seamless trading across various operating systems.
In our opinion, leverage is also safest when trading with one of the best forex brokers. We give LunarCapitalFX a three out of five in the category of trading instruments, but this isn’t necessarily a bad thing. They currently offer more than 300 trading instruments, but this is still small compared to other major forex brokers. Returning to LunarCapital’s penchant for emerging markets, this number reflects their niche focus. While not the most robust in trading instruments, there are opportunities here that aren’t always found with other brokers.