I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. Lunar Capital offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which Lunar Capital transparently displays on its website.
Account Type
Lunar Capital’s main objective consists of empowering its clients with all the necessary tools to develop their trading skills while providing an unparalleled trading experience on the popular MetaTrader 4 (MT4) platform. Lunar Capital provides the most tightest spreads on the forex market, at the same time levies no commissions for this at all. All I need to do is to enjoy the trading environment that the broker created for its customers.
Does Lunar Capital Have A Forex App?
While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered. If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services. The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager. You can also access the Lunar Capital MT4 platforms on Android and iOS smartphones and tablets. Lunar Capital employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers.
How Lunar Capital Fees Compare Against Other Brokers
CySEC works under an extensive set of regulatory guidelines proposed by the ECB and the MiFID, as per the input and supervision of individual regulatory agencies across Europe. All Forex trading companies domiciled in the EU are subject to the regulatory supervision and scrutiny from all allied regulatory organizations, which ensures a uniform code of conduct across the EU. Lunar Capital is also expected to have an effective insolvency procedure in place to ensure that all customers will be fairly compensated in the event of bankruptcy or liquidation. The CySEC has further reinforced investor safety through the Investor Compensation Fund that provides a guarantee of up to €20,000 if a broker winds up its business without warning.
Lunar Capital customers have instant access to the financial market and can completely manage a Portfolio on the go. Brokers like Lunar Capital must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
By continuously updating its security protocols, Lunar Capital guarantees a secure trading environment for all its users. Traders are encouraged to review the broker’s comprehensive legal documentation to gain a thorough understanding of its compliance policies and regulatory adherence. Whether you are facing technical issues, account-related queries, or need help with your trading platform, Lunar Capital’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively.
“Great spreads, transparent pricing”
However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. The presence of several licenses and regulation by various authorities gives confidence in safety and reliability.
A single account
- Additionally, traders have access to real-time market data and analysis to help them make informed decisions.
- My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro.
- It accepts all trading styles and Expert Advisors on the MetaTrader 4 platform.
- Evaluation includes researching the Lunar Capital management team, track record, and services.
Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. Lunar Capital occasionally introduces other bonuses and promotions, which have included a $50 Lunar Capital no deposit bonus or annual interest on free margin. Lunar Capital offers traders the core MT4 trading platform without third-party upgrades. As I already mentioned, I haven’t experienced any problems while trading with Lunar Capital. This is an ECN broker, and the only account available has certain advantages. Mainly in terms of cost effectiveness – the spreads are raw and tight and the usual ecn account fee for opening and closing positions is eliminated.
Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure. The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers. MAM provides major benefits over competing platforms such as MetaTrader Multi Terminal. The MT4 platform is available in desktop, web, and mobile versions.
- I used the live chat function on several occasions and received timely responses in a few minutes each time.
- EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC).
- Forex trading is a high-risk financial product that has a large number of risks in the market due to the significant amount of volatility, high leverage, and a trader’s emotional factors.
- Depositing funds with Lunar Capital ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Lunar Capital were to go out of business unexpectedly.
- At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again.
What funding methods do Lunar Capital accept?
It makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time. The broker also provides you with copy trading via Multi-Account Management (MAM). Copy trading is helpful for you if you don’t want to scan the markets for trades yourself because you don’t have the time or knowledge to do so.
Generally speaking, my cooperation with the Lunar Capital broker is going pretty well and I didn’t expect to be so impressed with the quality of their trading conditions on the ECN XL account. I enjoy the ecn stp accounts, especially since i’m a scalper trader. I get filled to trades so quickly, that it literally boosted my profitability by nearly double.
Lunar Capital has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. Still, some places to improve – and cost is of course, the less the better.Customer service could have been a little more promt. More or less everything is at the okay level, most important thing that I like is that they are solid company that can be trusted with budget. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience.
Working with Lunar Capital has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter. I will keep using their services as long as they stay this reliable. I can picture my collaboration with the broker is mostly positive for me. There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news.
Please be aware that trading in financial assets with Lunar Capital carries a risk of loss. Lunar Capital trading https://lunarcapital.vip/ risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time. Online investing with Lunar Capital can be just as risky as traditional offline investments.
On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. For immediate assistance, Lunar Capital provides phone support that traders can access during business hours. Phone support is particularly useful for traders who prefer verbal communication and need swift responses to time-sensitive https://lunarcapital.team/ matters. Lunar Capital welcomes traders from a wide range of countries across the globe, offering its services to a diverse international client base.
These checks are a standard practice that helps Lunar Capital maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Lunar Capital trading platforms is available on their website. Lunar Capital is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Lunar Capital going into insolvency. Lunar Capital compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Lunar Capital to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Lunar Capital traders.