LunarCapital does offer a helpful economic calendar, but improvement is needed. Other platforms like Interactive Brokers provide broader data streams and insightful content. LunarCapital also has profound educational lines- eBooks, technical analysis, blogs, signals, and indicators. As a new trader, you won’t feel overwhelmed on how to start trading and how to apply or develop a trading strategy.
LunarCapital Regulation and Security
The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. LunarCapital is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs.
LunarCapital Trading Platform
LunarCapital maintains a transparent and straightforward fee structure by primarily charging competitive spreads, with minimal or no additional fees such as commissions or overnight swaps. Unlike many other brokers, LunarCapital does not impose non-trading fees, including withdrawal or inactivity charges, depending on the account type. This transparent approach ensures that traders only need to consider the spreads when calculating their trading costs, simplifying expense management without the worry of hidden fees or unexpected charges.
Welcome Bonus
LunarCapital offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. Once these steps are completed, traders can access their account and begin trading immediately. LunarCapital does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with.
Is LunarCapital a scam or a safe broker?
- We do emphasize rechecking the Terms & Conditions of any bonus program before accepting and heading towards trading.
- But being a highly professional broker, LunarCapital gets traders back by offering negative balance protection.
- This program provides access to high-speed servers and uninterrupted trading through Virtual Private Server (VPS) hosting.
- With fast processing times and no deposit fees, LunarCapital makes it easy for traders to manage their funds efficiently.
LunarCapital offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. The initial margin required by brokers will vary, depending on the trade size. If an investor buys $100,000 worth of EUR/USD, they might need to keep $1,000 in the account as margin; the margin requirement would be 1%.
In the sections below, we will discuss each version of LunarCapital’s trading platforms in detail, highlighting their features and benefits for every type of trader. LunarCapital offers variable spreads that differ based on the account type and the financial instrument being traded. Major currency pairs, such as EUR/USD and GBP/USD, typically enjoy tighter spreads, especially on Premium and VIP accounts. For example, the EUR/USD spread can be as low as 0.3 pips on the VIP account, providing significant cost advantages for frequent traders. While spreads are slightly wider on Standard accounts, they remain https://lunarcapital.space/ highly competitive, making LunarCapital an appealing choice for traders of all levels. The broker’s objective is to offer attractive spreads across all account types, ensuring traders can benefit from cost-effective trading regardless of their account tier.
The platform employs state-of-the-art security measures to safeguard both personal data and client funds, ensuring that all transactions and information are securely managed. By continuously updating its security protocols, LunarCapital guarantees a secure trading environment for all its users. Traders are encouraged to review the broker’s comprehensive legal documentation to gain a thorough understanding of its compliance policies and regulatory adherence. The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users.
That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. Once you take the leverage on offer from your broker, you must meet the obligation of this liability. Whether the transaction wins or loses, you must pay for the principal amount.
- Besides the very frustrating withdrawal charge, LunarCapital’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.
- So let’s use an example to explain how margin works and how a margin call might occur.
- LunarCapital also offers free forex VPS services for high-volume traders, although the deposit and trading requirements are higher than some competitors.
- Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks.
LunarCapital’s desktop trading platform is MT4 and MT5, available for Windows and Mac. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders. Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, LunarCapital’s ECN XL account provides a solid, flexible option. However, missing stocks limit its appeal compared to others like Forex.com, which provide more options. To trade on the LunarCapital platform a trader doesn’t need to pay any commission fees, deposit fees, or account platform fees. Moreover, when it comes to deposits a trader can start trading with any amount since there’s no fixed rule on depositing a certain amount.
Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, LunarCapital’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. LunarCapital’s investment offering is excellent for forex traders but weak in other departments. LunarCapital runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. Your portfolio and any live forex positions may become liquidated if you don’t have enough margin because you’re trading at the limits of leverage. Before the advent of leverage, only the wealthy or institutions could trade markets.
LunarCapital supports almost every popular and local deposit and withdrawal payment method. And if you are a regional trader of the broker then you will get assistance with marketing plans and even support in marketing budgets. Unlike other brokers, LunarCapital.com broker is fully open-minded to allow different strategies. For instance, the broker is allowing different trading strategies like hyperactive, scalping, news trading, and so on.
Traders from these regions are prohibited from opening accounts or accessing LunarCapital’s services. For a complete and updated list of restricted countries, traders are encouraged to check the LunarCapital website. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example.
