Lunar Capital offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. Trading fees are low and there’s a variety of trading platforms to choose from. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. Lunar Capital offers lower fees than most forex brokers based on our evaluation. The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs.
However, those craving advanced features might yearn for more than what the broker offers. In other words, Lunar Capital is for the pragmatic trader seeking simplicity and efficiency. Lunar Capital operates under the stringent oversight of European financial regulators, ensuring a secure trading environment for its https://lunarcapital.net/ clients.
All three account types have a minimum lot size requirement of 0.1 lots and five-decimal pricing. The commissions of $2.00 to $3.00 per 1.0 standard round lot are highly competitive, but the spreads make short-term trading styles expensive. The Forex and CFD Standard account offers negative balance protection and commission-free trading, unlike the commission-based Forex ECN alternative, where negative balance protection does not apply.
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Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. With its regulatory oversight, Lunar Capital offers an additional layer of security to its clientele.
The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. I like that Lunar Capital offers eight trading platforms, which ensures traders and investors get one suitable for their preferred strategy. The choice of trading services is also excellent, offering clients four competitive methods for portfolio management.
What spreads can I expect with Lunar Capital?
Choosing a safe and reliable broker is essential for successful trading. There are various factors to consider when making a decision, but the safest brokers are well-regulated ones. The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage.
The commission-based MT5 Global account provides traders access to most trading instruments. In this review of Lunar Capital, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more. In addition, we’ll guide you through account opening step-by-step. Lunar Capital was founded in 2007 and obtained its CySEC license in 2015. It segregates client deposits from corporate funds and offers negative balance protection in its standard trading accounts for retail traders. It complies with ESMA guidelines and MiFID II, and the Cyprus investor compensation fund protects deposits up to 90% with a €20,000 limit.
The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. You can reach Lunar Capital customer support 24/7 via email or by phone or live chat on each page of the website.
- There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips.
- The choice of payment processors is good, but I still need cryptocurrency deposits and withdrawals.
- Additionally, the availability of demo accounts allows new traders to practice and build confidence without risking real capital.
- The choice of trading services is also excellent, offering clients four competitive methods for portfolio management.
- The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation.
As usual, this includes the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, but also lesser-known platforms like CQG, ROX, and the crypto-based proprietary platform J2TX. Lunar Capital is a full-service financial brokerage company based out of Cyprus, well known as one of the most popular EU jurisdictions for forex brokers. As always in Cyprus, the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which in turn is overseen by the European Securities and Markets Authority (ESMA). Lunar Capital is a decent platform, but I found the interface a bit outdated. The customer support is okay—they resolved my issue with a delayed withdrawal within 48 hours.
Traders should view these reviews as one aspect of their comprehensive assessment of Lunar Capital. You could use profit calculator tools to predict a trade’s profitability and outcome based on commissions. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents. Between 74-89% of retail investor accounts lose money when trading CFDs. If there is a minimum monthly deposit or minimum balance with Lunar Capital, you must always ensure that you are in compliance with Lunar Capital account requirements. There is also a campaign to become a professional trader which offers a bonus of up to $2000.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Like some of its major competitors, Lunar Capital aims to educate its users through various learning resources.
- The huge range of 35,000+ instruments is a key benefit of opening an account.
- Check to see how Lunar Capital compares with other brokers in terms of trading features and minimum deposits.
The firm is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 281/15, issued on September 25, 2015. Lunar Capital offers both investment and market speculation opportunities to its clients. The rest of this review will explore theofferings, accounts, and trading conditions available from Lunar Capital ingreater detail. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. It has strong regulatory credentials, other positive user reviews, and has received a number of industry awards.
The amount of the minimum deposit for brokers like Lunar Capital varies widely from one trading platform to the next and can range from $0 – $10,000 with some brokers and trading platforms. Lunar Capital has a minimum deposit requirement of USD and is aimed at more mainstream traders. The Forex demo account at Lunar Capital isdesigned for traders who are new to forex markets. It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions. Lunar Capital offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds. For example, they offer over 30,000 stocks andmore than 90,000 option assets.
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I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to the full range of trading psychology and can create unrealistic expectations. Lunar Capital does not offer traders spread betting and therefore spread betting fees do not apply to this broker. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders.
Lunar Capital trading platforms
Withdrawal fees are charged depending on the method of withdrawal the trader uses. Traders should take note that payments made in any other currency apart from the base currencies of the various accounts may be subjected to conversion rates charged by their payment provider. When signing up with Lunar Capital you are required to provide certain personal information, such as your date of birth, proof of ID and address in order to open a Lunar Capital account. This is a requirement of financial regulators that Lunar Capital are monitored by.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
The choice of payment processors is good, but I still need cryptocurrency deposits and withdrawals. While the 30,000+ asset selection looks good on paper, it focuses on equities and CFDs listed on 36 exchanges, making Lunar Capital an excellent choice for equity traders. Other sectors need to be included or underrepresented besides the 25 commodity CFDs and futures. Their website is well-organized, withinformation readily accessible for prospective traders. Unlike some brokers,Lunar Capital’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs. They offer a few account types withdiffering market access, fees, and commissions.
TraderPro2024
While the fees are reasonable, I think they could improve the educational resources for beginners. It’s not bad, but there are platforms with more modern tools and features. This account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection. The results from our assessment show that Lunar Capital is a good forex broker.
