Lunar Capital has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Bitcoin is also available https://lunarcapital.team/ as another way with fast execution time.
They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place. Lunar CapitalFX Islamic accounts are available quickly and conveniently where needed by simply clicking “swap-free” when you open a new account. If you need an Lunar CapitalFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of Lunar CapitalFX in the area.
We have compared the range of assets and markets supported by Lunar Capital with its competitors, making it easier for you to find the perfect fit. Lunar Capital received a Medium score for the efficiency and convenience of its deposit and withdrawal processes. Lunar Capital is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). Lunar Capital holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system.
Lunar CapitalFX Main Features
I started using Lunar CapitalFX for trading, and it’s been an okay experience so far. The platform is easy to use, but sometimes the charts are a bit slow to update. Another thing I noticed is that the copy trading feature could use some improvement. It’s not always easy to find good traders to copy, and the performance can be inconsistent. Overall, it’s a decent platform for beginners, but there are some areas that could be better.
It will also explore the investment safety measures provided by the broker. Lunar CapitalFX is a global broker offering access to over 80 trading instruments, including forex pairs, cryptocurrencies, and commodities. The broker provides commission-free trading with tight spreads and high leverage, making it an attractive choice for both novice and experienced traders. To show their commitment to mobile trading, Lunar CapitalFX offers users a bonus on all first-time deposits made through the trading app. This includes a 50% bonus on the user’s margin, which allows you to take on larger positions but as with any broker it is always advisable to thoroughly read the small print before committing. The minimum deposit that qualifies for this promotional offer is $50.
- Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.
- Lunar CapitalFx offers its users different payment methods to be used either for deposits or withdrawals.
- That is, FCA requires some strict rules that agents must adhere to in order to obtain the license.
- We’d love to hear your thoughts if there’s ever anything you’d like to see added or improved.Whenever you have questions or need help, feel free to come to our social media channels or LiveChat.
Bitcoin and cryptocurrencies can be traded on Lunar CapitalFx but not bought outrightly. Coming to leveraged overnight holdings, the broker charges no swaps. The availability of online chat, the operators of which promptly answer questions and solve technical problems that arise. Read our full explanation and accounting of our research and testing process to learn more about how we test. 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.
Best Time To Trade Forex For Maximum Profitability
However, at the moment the company is more focused on active market participants, rather than passive investors. Minimum deposits at Lunar Capital will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which Lunar Capital entity you choose for establishing your trading account. Founded in 2011, Lunar Capital holds a regulatory license in Europe via its Cyprus-based entity – Lunar Capital Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, Lunar Capital provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
Lunar Capital, with a trust score of 70, is regarded as having ordinary risk, thereby giving traders a fair degree of confidence about its dependability and operational integrity. 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. That means you can copy the trades of other traders or get copied. You can search for a profitable trader and invest in their trader one by one. It is also possible to diversify your portfolio by investing in more than one trader for better risk management.
Regardless of how reliable and efficient the three means of payment are, the decision to limit transfers to only these types puts Lunar CapitalFX at a disadvantage, particularly when compared to other platforms. All the services on the TopForx.com website are free for you to use. It has operated under various licenses, including one from SVG, ran a branch in the UK, but stopped it in 2017 and chose Cyprus as its next base. Overall, we advise to check conditions based on Lunar Capital entity you wish too trade through.
Indices
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Lunar Capital is powered by its own platform—Lunar CapitalTrader, MT4, and MT5, which have a reputation for being some of the most profound trading platforms. MT4 represents the best choice for those who have just started trading.
Deposit Fees
So we think it is very important to move towards the trading platform with your prudence, practical humanity, and knowledge. To be successful in online trading you need to go through many steps like practice, time, patience, and much more. Lunar CapitalFX gives you some of these opportunities so that you can deal with or defeat the market. The broker transmits clear-sighted market knowledge while maintaining the specific skills required to make money online, which will give you a much higher balance of profits from losses.
- To properly increase their trading skills, the platform provides thorough instructional tools, including webinars, beginning and advanced trading videos, and trading glossary.
- Trading and investing in financial instruments comes with a high degree of risk and you can lose money.
- The deposit methods available to you when trading with Lunar CapitalFX will depend on where you live, but wire transfers, major credit/debit cards, and eWallets such as Skrill are typically available worldwide.
- There are a total of 51 charting indicators provided, and 31 drawing tools also.
- It has been designed by Lunar CapitalFX Markets for traders in a way that is easily accessible on mobile.
- Traders that use MetaTrader 4 or 5 can utilize this bonus to experience real market conditions risk-free.
It also means that they do not use a dealing desk which can eliminate any conflict of interest between you and the broker. I would always prefer to use an ECN broker as I find they tend to have the lowest spreads and quickest execution speeds. Lunar CapitalFX is one of the best platforms where traders and investors will have many advantages.
Supported Countries
The range varies from currency pairs to cryptocurrencies and so many others. Lunar CapitalFX offers the most well-known and used platforms in the market from Metaquotes which are Metatrader 4 and Metatrader5. Gaining the licenses doesn’t mean the broker or the institution won’t have to review or update their rules and technology. Regulations are technically the first and foremost criterion to determine the trustworthiness of any forex broker. I got many queries about the Lunar CapitalFX scam or the possibility of the forex broker being a reliable one.
Other notable tools include widgets that clearly display live quotes, interest rates and national holidays. Overall, the broker has plenty of tools for everyone to see some benefit. The trading calculator will quickly calculate the costs for opening a position of a specific size and leverage. This can help to prepare trades if you are in a rush or just not that good at maths.
What are the withdrawal fees at Lunar CapitalFX?
It also supports copy trading, one of the prime advantages of dealing with this online brokerage platform. Overall it is a professional provider for forex and CFD trading. The trading conditions are very good and the trading fees are low. The Education section has courses on trading strategies and tutorials for the platforms.
Furthermore, Lunar CapitalFx has an easy-to-use app which is also available on Android and IOS devices. This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. Established in 2011 and located in London, Lunar CapitalFx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, https://lunarcapital.vip/ online trading fees, spreads, leverage and how to open an account.
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