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- And maybe some clearer info on how long everything actually takes.
- Let us now explore why traders all around turn to LunarCapital as their preferred platform.
- LunarCapitalFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment.
- These are all useful and important tools to utilize for any forex trader on all platforms and brokers.
Customer service at LunarCapital is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions. I’d like to have seen an option for bank transfers as I feel most secure about this process. However, LunarCapital has e-wallet options through Neteller and Skrill were also a positive as they also provide instant funding like the Mastercard option.
I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought. LunarCapital offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading.
Depending on where you are from, you can open an account with a different entity that is regulated by either CySEC, MAS, or FSC. My experience with LunarCapital’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service. I felt that when I was passed to human agents on live chat it was hit and miss as basic questions were not answered, while other times they were. With 300 markets I found LunarCapital provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade.
- The LunarCapital platform provides a web-based and mobile alternative, but there is no desktop version, which can be inconvenient for traders who prefer a dedicated program over a web browser.
- In this LunarCapital Review, I’ll go through my findings helping you decide if LunarCapital is a broker you should consider.
- I found the account opening process to be rather straightforward where you complete an application filling your personal details and choose the platform you wish to work with.
- For example, if you made deposit using bank transfer to LunarCapital, then you cannot withdraw to your Skrill wallet.
Investing Lunar Capital cheating in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose your entire investment. It is essential to be fully aware of these risks before engaging in any trading activity. With 24/7 availability, multilingual support, and comprehensive resources, LunarCapitalFX ensures traders receive the guidance and help they need at any time. Its compliance with international standards demonstrates its commitment to maintaining financial integrity and customer trust. You can also follow the broker’s news and updates on their social media platforms provided on their website for smoother and more up-to-date content and news.
How do I withdraw money from LunarCapital?
It is perfect for those who want to diversify and use advanced tools for analysis and trading. By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically. Traders have complete control over the process and can stop copying anytime.
Opening an account with LunarCapitalFX
We hope to continue meeting and exceeding your expectations.Kind regards,LunarCapital Rep. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LunarCapital’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics.
The LunarCapitalFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type.
Opening an LunarCapital Account
The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. For example, LunarCapital clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC). CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit. LunarCapital is regulated in some jurisdictions, but it’s not licensed by top-tier regulators like the FCA or ASIC. Traders should research local compliance and understand the risks of trading with brokers that aren’t globally regulated. LunarCapital’s Invite-a-Friend program is a simple, no-cost way to earn extra income by inviting friends.
This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. I’ve been using LunarCapitalFX for a few weeks now, and I’m finding it a decent platform to get started in forex trading. The dashboard is easy to navigate, and it shows everything you need at a glance – currency pairs, spreads, and live prices. For example, the https://lunarcapital.live/ EURUSD price is right there at the top, along with how much it’s moved today. Having that info readily available is really helpful.However, there are a couple of things that could be improved.
How does LunarCapital’s Invite-a-Friend program work?
Actually all the account types of LunarCapital FX can be called Islamic friendly. According to Islamic standards, there is no accumulation, collection, or payment of interest rates. LunarCapital imposes no deposit or withdrawal commissions, regardless of the chosen payment method. Yes, it offers a referral program where users can get to invite friends for incentives. The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot.
Demo Account:
CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. We are not liable for losses that resulting from the information provided on our site.
Is LunarCapital suitable for spread betting?
They provide ECN execution which is popular among scalpers for its high speed. The broker also offers copy trading services an accessible minimum deposit. LunarCapitalFX, a leading trading broker, prides itself on offering a fee-free experience for its clients. According to LunarCapitalFX, they never charge commissions, ensuring a transparent and cost-effective trading environment. This makes it an attractive choice for traders looking to maximize their profits without worrying about hidden fees.
However, its offerings are limited in comparison with other standard Forex brokers in the market. There is not much different in these account types other than the platform. If you want to trade on MT4, then choose MT4 account, but if you prefer MT5, then choose MT5 account. South African traders signing up with LunarCapital are registered under FSCA regulation.