Lunar CapitalFX 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. With regulation by CySEC and the Mwali International Services Authority, traders can trust Lunar CapitalFX for secure and compliant operations. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. To make sure the broker you want to engage with can be trusted, always scrutinise online reviews before making your first deposit.
Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. When it comes to education, Lunar CapitalFX realizes the importance of your continued development and progress in the sector. They particularly cater very well for the new traders with an excellent basic training in forex including topics like how to get started with the broker, ECN trading, and technical analysis.
Lunar CapitalFX Deposits and Withdrawals
- 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan.
- These accounts are designed to cater to traders at different experience levels and with varying trading strategies.
- These include tutorials, webinars, market analysis, and articles on trading strategies and risk management.
The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. When it comes to spreads and commissions, Lunar CapitalFX works both with floating and fixed spreads. The floating spreads can start from 0 pips depending on your account type. All of the same withdrawal methods are also available as your deposit method.
Platforms and Tools
Lunar CapitalTrader offers a fine array of charting tools to allow for a smooth desktop trading experience. From trend lines, to crosshairs, to zoom tools, they offer a broad range for trading optimization. The term leverage is the ability to have access to added funds – margin – when trading financial instruments. Although increasing your margin could boost your market exposure, it also raises your vulnerability to losses. The spread for all available currency pairs offered by Lunar CapitalFx – including major, minor and exotic pairs are listed in the table below.
Lunar CapitalFX forex broker (Company Information + Regulation)
This regulation does not provide significant protection for consumers. On the positive side, it allows Lunar Capital greater flexibility in leverage and instruments while still serving clients from around the globe. Periodically, Lunar Capital offers the Lunar CapitalFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks. To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount. For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it.
This bonus is also withdrawable though you must meet certain terms and conditions set by the broker. MetaTrader is further renowned as one of the most comprehensive platforms in this area. You can further benefit from one click trading, the ability to order directly from charts, and regular price alerts. You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported. The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known. As a trader, you will find a range of features available at Lunar CapitalFX to suit your needs.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Lunar Capital has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Lunar Capital’s lack of additional reputable licenses heavily weighs down its Trust Score.
Is Lunar Capital regulated?
Clients of Lunar Capital are able to engage in the Expert Advisor and 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. The Lunar CapitalTrader platform is innovative, modern, and very well suited for beginners. There is an element of simplicity that you find in many of the more bespoke platforms designed for the modern user that many will enjoy.
- The most significant mismatch between expectation and reality in trading is underestimating some less-than-obvious nuances that must be taken into account to maximise your potential.
- However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves.
- Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility.
If you are trading from outside the EU, the minimum deposit will be $25 with the Lunar CapitalFX Micro account. Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading. One of the best choices for your first steps as a forex trader with Lunar CapitalFX is an MT4 Micro Account. The first, and best place for most traders to get started is an Lunar CapitalFX demo account.
The web-based platform offers quality charts, allows for the placement of technical indicators and lines, and supports alerts that arrive as notifications from the broker. However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool. Withdrawals must be made using the same methods as deposits, meaning all available deposit methods can also be used for withdrawals. To enable multiple withdrawal methods, a new deposit using a different method is required. The processing time can vary from 30 minutes to three business days, depending on the method and conditions. Withdrawals can be initiated from the website dashboard or through the mobile app.
During our testing, we did find that when we scaled up into maximum position size, we were able to get very close to using up our maximum margin capacity when executing. This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out. Lunar Capital is as confident about its financing costs as it is its execution fees. The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner.
Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed. With less than 100 instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets. The fact that Lunar Capital offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged. Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms. Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders. Whether you’re a novice exploring the markets or a professional looking for advanced tools, https://lunarcapital.team/ Lunar CapitalFX provides the necessary resources to achieve your trading goals.
Designed to Cater to Both Beginner and Proficient Traders
The Mobile app offers market data; quotes in simple and advanced modes. Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage https://lunarcapital.vip/ is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF).
