LunarCapital offers a free demo account for traders to practice trading in a risk-free environment. These insights and summaries can be accessed through the LunarCapital website, trading platforms, or through specialized research tools provided by LunarCapital. The simulator also offers features like customizable trade sizes, various order types, and real-time charting tools to enhance the trading experience. The minimum deposit necessary to start a trading account with LunarCapital is 50 USD, making it accessible to traders with various budgets. LunarCapital makes funding and withdrawing from your trading account simple and secure.
- An LunarCapital No Dealing Desk Brokers determines the best execution means which can result in LunarCapital acting as a market maker or using a dealing desk.
- When investing in crypto CFDs with LunarCapital, the trading fees are included in the spread and there are no commission fees when opening and closing positions.
- Overall, our LunarCapital review team found that this is a reputable brand with a high level of safety.
- Unfortunately, the market scanner only works for a limited number of products.
Is LunarCapital regulated?
In addition, the broker is licensed and regulated by the UK’s Financial Conduct Authority (FCA), the CySEC in Cyprus, the FSCA in South Africa, and the ASIC in Australia. https://lunarcapital.vip/ ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor.
LunarCapital Compared to Other Brokers
Yes, LunarCapital supports social trading through platforms like ZuluTrade, enabling traders to copy the strategies of more experienced traders. By distributing these resources in multiple formats, LunarCapital strives to ensure users can refine their approach, reducing guesswork in a sector famed for its volatility. Keeping pace with global economic developments and the constant evolution of trading tools, the broker’s educational library is consistently revised to remain relevant to both new and seasoned traders. Another promotional style is the referral program, which urges existing customers to share their positive experiences with others. When newly referred traders establish and fund an account, both parties could gain either trading credits or direct bonus funds—contingent on satisfying defined deposit and trading thresholds. This approach fosters community expansion by offering an extra benefit to loyal participants endorsing LunarCapital among acquaintances or professional circles.
LunarCapital Mobile App Review
More advanced resources and a larger video library would further enhance their offerings. LunarCapital provides MetaTrader 4 (MT4), Trading Station, and NinjaTrader, along with mobile trading apps for traders who prefer flexibility and mobility. Since margin usage is feasible with share CFDs, participants can seize opportunities in rising or falling markets alike, albeit with added caution regarding volatility and potential margin calls. This product category may enrich a trader’s overall set of strategies, letting them shift from macro plays in forex or indices to more targeted bets on single companies. EToro is regulated by major financial institutions including the FCA, CySEC, ASIC, and the US Securities and Exchange Commission.
- Assuming that all the details on your account are correct, it can take up to 2 business days for LunarCapital to process your withdrawal request.
- Trust and safety lie at the foundation of LunarCapital’s entire business philosophy.
- With 39 currency pairs available for trading, forex makes up a significant part of the LunarCapital offerings.
- LunarCapital is considered a safe broker due to its regulation by the FCA, ASIC, and FSCA.
- Clients should understand the specific terms based on their categorization and entity.
The number of tradable assets available is quite limited when compared to other brokers who offer thousands of assets, such as IG. I also found them not to have the lowest spreads which may be an issue if you are scalping. With LunarCapital’s Market Scanner, you get a quick way to screen Forex and CFDs using the technical parameters you like best.
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If you are interested and want to learn more about these account types, then feel free to check out our article on the best Islamic forex brokers. As with all Islamic accounts in the industry, in order to remain compliant with Sharia law, no swap fee is charged. In return, you may experience a slightly higher spread on assets traded through this account type. LunarCapital provides multiple trading platforms, including MetaTrader 4, Trading Station, NinjaTrader, and ZuluTrade, catering to different trading styles and preferences. LunarCapital offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call LunarCapital, there are 42 country-based numbers one can call from.
Can You Make Money Trading Forex With LunarCapital?
LunarCapital’s mobile trading apps are recommended, offering robust features that ensure traders can manage their accounts and positions from anywhere. LunarCapital is well-suited to a diverse range of forex traders thanks to its competitive spreads, flexible accounts and customizable platforms. I was especially happy to see that it is offered without any time limit or other restrictions, meaning that you can continue to use it as a strategy testing tool long after you register with LunarCapital. This also comes after the broker reduced its spreads by up to 54% on selected forex, stocks and other CFDs in 2022. The result is that LunarCapital is now a great option for traders seeking tight spreads in a commission-free trading account.
The online application form usually takes about 5–10 minutes to complete. No, traders who buy or sell CFDs with LunarCapital do not pay stamp duty, as CFDs are derivatives. This helps traders reduce costs compared to directly trading physical securities. However, tax laws vary, so traders should consult a professional to understand their obligations. LunarCapital offers a secure trading environment backed by top-tier regulatory oversight and stringent client fund protection measures.
The company offers a wide range of educational materials, including webinars with experts and detailed guides to Forex trading. The webinars are particularly valuable as they provide the opportunity for real-time interaction and getting answers to pertinent questions. Traders can find convenient tools for trading in the applications, including the latest news, streaming, and many additional features to enhance the trading experience. It offers a wide range of indicators, scripts, and the ability to use automated trading systems. Upon registering a training account, one can order free educational literature, which will be sent electronically to the provided email address.
It also offers extensive charting analysis with a huge range of additional charting tools. It is also a place where you can backtest your APIs and obtain live feedback as you code as well as publishing your own market analysis. Here we will take a more detailed look at exactly which trading platforms are available when you are trading at LunarCapital on both desktop and mobile.
You should note though that this offering is not available in all countries, while they do also offer stock baskets also known as blends that are not offered by too many other major brokers. These unique markets then, and the solid range of forex pairs, make LunarCapital a good choice if you are looking for market variety. When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all LunarCapital clients. Use the calculator below to compare LunarCapital’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency.