Most electronic payments, such as Neteller and Skrill, are processed instantly. On the other hand, traditional banking methods or credit card deposits may take a few hours to a couple of business days. Furthermore, the platform functions as a learning hub, allowing traders to gain insights from successful strategies, thereby improving their trading abilities. Once all steps have been completed, contact the customer support team to confirm the closure of your account. If necessary, they will provide additional instructions or information.
Financial Instruments and Leverage offered by LunarCapitalFX
LunarCapitalFX’s cTrader platform is great – customizable layouts, technical analysis tools, and automated trading options. FXTM’s MT4 platform is also good, but Exness’s platform felt a bit overwhelming for my taste as a beginner. All of the platforms on offer are well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the LunarCapitalTrader platform is developing a following of it’s own. It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others.
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Trading instruments provided by LunarCapital have some of the lowest spreads in the industry. The spreads for both the MT4 and MT5 accounts are floating and start at 0.7 pips. Clients using the LunarCapitalTrader, MT4 or MT5 account do not have to pay swaps. What makes this broker unique is it its large variety of tradable assets and the laser-fast order execution. They offer seven asset classes and more than 12,000 markets to trade.
You can close your LunarCapitalfx account by emailing the customer support group at requesting to delete or close your account. Trading with a reliable broker is important for traders to be shielded from potential risks and challenges. LunarCapitalFX is an online forex, and CDF trading broker awarded the Most Reliable Broker Asia 2023 at the Global Forex Awards.
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. LunarCapitalFX provides a highly accessible Copy Trading service, designed to benefit both beginners and experienced traders. This feature allows users to replicate the trading strategies of successful traders (referred to as “Master Traders”) automatically. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. https://lunarcapital.net/ He is an expert in Compliance and Security Policies for consumer protection in this sector.
What is the minimum deposit at LunarCapital?
The broker has two referral programs, including the Invite a Friend and the IB partner programs. In the invite-a-friend program, you can earn extra profits by recommending the broker to your friends, and if they register and mention you as a referral, you will make a $1 profit on each trading lot. Locate and click on the mobile application links on Google Play Store or Apple Store and download the app from there. Fast withdrawals, without any unnessary paperowork or any disrupts. I also like LunarCapitalFX’s detailed help articles and video tutorials if I need to self-serve information.
It lets customers make rapid and effective trades without unnecessary complexity, therefore supporting complex trading activities. Providing access to sophisticated charting tools and technical indicators, the platform effortlessly connects with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt. The account opening is easy to follow, trading conditions are good, along with the platform selection and a range of instruments offered. LunarCapital extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the LunarCapitalTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions.
- According to their website, more than 900,000 customers are registered on their site.
- You want to know someone has your back when you’re getting started.
- So we think it is very important to move towards the trading platform with your prudence, practical humanity, and knowledge.
- The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly.
Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult. This broker charges no fees on currency conversion during deposits and withdrawals. However, with deposits in currencies other than the USD, the payment provider on conversion of the funds to dollars using their internal exchange rate may charge additional fees. LunarCapital offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LunarCapitalTrader. LunarCapital offers trading accounts denominated exclusively in US Dollars (USD). Yes, LunarCapitalFX offers a demo account where you can practice trading with virtual funds.
Account Comparison
- The company has offices in more than 13 countries, including UK, Germany, France, and Chile.
- These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5.
- The in-house LunarCapital copy trading function is a welcome addition to the suite of services.
- On the positive side, it allows LunarCapital greater flexibility in leverage and instruments while still serving clients from around the globe.
- I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC.
It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. LunarCapitalFX offers 24/7 customer support through live chat on the broker website. However, it lacks other customer care support resources, including email and phone support. The platform offers competitive spreads that range from 0.8 to 65 depending on the type of currency pairs.
Log in to your LunarCapitalFX account, go to the “Withdrawal” section, select your preferred payment method, enter the withdrawal amount, and follow the instructions. Visit LunarCapitalFX’s website and click the “Open Account” button to start. Fill in the necessary information, select your account type, and finish the registration process. No, the bank account must be in the account holder’s name and registered LunarCapitalFX trader. The spreads and terms of LunarCapitalFX protect against swaps on major instruments such as EUR/USD, NASDAQ, Bitcoin, etc.
When opening my account I was given the option of only using USD as the account base currency. Although you can deposit with your local currency, it gets converted to USD regardless. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). The FSC is deemed “offshore” as they are an authority that accepts clients from multiple countries like Malaysia, Singapore, or Australia without being directly regulated by the country’s financial authority. You have a selection of alerts you can receive, so I set it up to show all trading signals like candlestick patterns and chart patterns such as head and shoulders.
As a licensed broker that obliges to safety measures, LunarCapital Cyprus offers only Bank Wire Transfer for its European clients. As for the international entity it also includes Credit Cards, e-wallets and other methods which you may check with customer service before any transfer is done. Furthermore, efficient trade management depends on MT4’s quick order execution, which is absolutely important for active traders. Generally, LunarCapital’s integration of MT4 offers a strong trading solution that combines extensive features with user-friendly usability, so it’s a great fit for several trading approaches.
Your trust and satisfaction motivate us to keep innovating and improving our services further.Should you have any suggestions, feedback, or questions, we are always happy to assist. Please feel free to contact us at — we’re here for you 24/7.Thank you once again for choosing LunarCapital as your trading partner. In this in-depth LunarCapitalFX review, we’ll take you through our own experience of opening an account with LunarCapitalFX.
LunarCapitalFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics. The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets. With competitive spreads, high leverage options, and robust security measures, LunarCapitalFX strives to provide a comprehensive trading experience tailored to diverse needs. Whether you’re a novice stepping into trading or a seasoned professional, LunarCapitalFX delivers the tools and features necessary for success in the dynamic world of financial markets.
LunarCapital Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros. This regulation does not provide significant protection for consumers. On the positive side, it allows LunarCapital greater flexibility in leverage and instruments while still serving clients from around the globe. A few minutes after submitting the withdrawal, we received a confirmation email. At that point, we could see our withdrawal status as “pending” in the dashboard.
LunarCapital offers a range of trading opportunitites mostly targeted on Contracts for Difference (CFDs) among several asset classes, however there is no classsic Investment Plans or Opportunitites provided by LunarCapitalFX. Spanning across the globe, LunarCapital is subject to regulation by several authorities including the FSCA, MISA, and CySEC, reflecting the diverse regulatory landscape governing the activities conducted by LunarCapital. Recognized as a reliable broker as LunarCapital operates for many years, it is fit for most traders, especially International traders since LunarCapitalFX proposal internationally is much wider and better quality too. Yes, it offers a referral program where users can get to invite friends for incentives.