The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10. I found out that the live spreads listed on the website correlate to the actual price quotes on the platform, underpinning LunarCapital’s high level of fee transparency. I also discovered that the broker has a ‘best execution policy’, guaranteeing that traders’ orders will be filled under the most favorable price quotes under the prevailing market sentiment. I performed my tests on a Standard LunarCapital trading account using the desktop and mobile app versions of the MetaTrader 4 platform. The account was opened with the Tradeco Limited entity of the broker.
Research Tools
- LunarCapital has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies.
- Depending on the payment method, deposit times can take up to 24 hours, and for bank wires deposits may take up to 5 business days.
- Users mention scenarios where deposits are simple, but retrieving funds is problematic.
Our zeal for innovation and relentless pursuit of excellence have driven us to embrace state-of-the-art technology and continuously refine our services and offerings. We are unwavering in our commitment to foster a transparent and unparalleled trading ambiance for our global clientele, enabling them to unlock and harness their inherent trading prowess. We strive to be more than just a broker; we seek to be a companion in your trading journey, ensuring every step you take is grounded in confidence, sophistication, and transparency. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them. Léa is a member of the InvestX team, dedicated to guiding users through their learning journey.
- Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders.
- However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place.
- Phishing is a common tactic used by criminals to obtain personal data from users by imitating a trustworthy entity with fake websites, e-mails, phone calls or SMS messages.
- Almost all firms and individuals must be authorised by us if they offer, promote or sell financial products or services in the UK.
- The broker does not charge deposits and withdrawal fees, except for withdrawals below $300.
- LunarCapital offers a fairly decent range of educational content, providing beginners with a firm basis to further their learning.
What are LunarCapital trading hours?
I’m a bit new to trading, but LunarCapital has been a decent start for mee. The platform is pretty responsive, and I’ve gained some good experience trading gold and FX pairs. What I like about the analytics is the economic calendar, I keep up with the trends and events that can affect my fx pairs with the fx charts map and it has been accurate 99% of the time. I haven’t explored evry feature yet, but so far it’s been good enough for a beginner like me. I wouldnt call myself a complete newcomer to trading, but after watching some of the webinars, i came to the conclusion that i have got a looot more to learn.
LunarCapital Reviews 862
However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.
The Broker’s Past and Present
My overall impression of LunarCapital is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry. I did not find any specific feature in LunarCapital’s offering to say that the broker is better suited for high-frequency or longer-term trading. The easiest way to get in touch with LunarCapital is live chat, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services. MT4’s app suffers from the same underlying problem inherent https://lunarcapital.net/ to other mobile apps.
How do I open an account with LunarCapital?
Almost all firms and individuals must be authorised by us if they offer, promote or sell financial products or services in the UK. This firm may be providing financial services or products without our authorisation. You should avoid dealing with this firm and beware of potential scams. In summary, the most significant disadvantages of the company’s trading terms are a lack of disclosure of the commissions, excessively high leverage, and an undisclosed figure for the initial deposit. Additionally, various penalties and restrictions are imposed on the website, which will be discussed in the next section.
However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place. LunarCapital has invested time and energy in developing research materials, which I found quite diverse and unconventional. Its podcast and LiveTV feature are two excellent examples of this, giving traders a unique perspective on currently evolving trading opportunities and market developments.
On its website, LunarCapital details the various services and financial markets available to traders. Registration and account management are also conducted directly via this site. As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily. The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis. It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities. In my view, a good chart should afford easy scaling up and down of price action.
Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders. It’s worth noting that it is not explicitly mentioned whether LunarCapital offers a rebate program, so it’s advisable for interested traders to contact customer support for specific details on any such programs. Examining the web version of the platform reveals several weaknesses. The interface of the terminal is simple, with limited features offered. Liquidity issues are obvious and are directly related to leverage and financial losses incurred by clients.
LunarCapital Instruments Summary
Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday.
Each of these platforms caters to different trading styles and preferences. Traders can choose the platform that aligns best with their specific trading needs and devices. KoalaReview.com is a trusted platform dedicated to in-depth reviews of financial brokers. Our team of experts analyzes brokers based on strict criteria, ensuring traders receive accurate and transparent information. We focus on licensing, reliability, and service quality to help users make informed decisions. Our mission is to expose fraudulent brokers while highlighting legitimate and regulated ones.
For the basic accounts, the spread is 1.8 pips, while the Privilege account reduces the spread to 1.1 pips. When opening an account, traders can use USD, EUR, or GBP as the account currency. LunarCapital offers a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank wire transfers, and e-wallets. For withdrawals and deposits, LunarCapital does not charge any extra fees for using their payment gateways. However, clients might need to pay third-party charges depending on their payment method.
Traders with highly specific investment preferences might find more tailored options elsewhere. When funding your account, a service fee is charged, which is 10% of the deposit amount and has a maximum amount of $200. There is also an inactivity fee of $50 if the account is not used for one year, which will result in it being closed and the balance being written off.
This oversight is somewhat puzzling and might negatively affect trader confidence in the platform. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Therefore, our clients should practise responsible trading by staying informed, diversifying their portfolios, as well as utilising risk management tools. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage.