However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The “Intraday Comment” section had a single 18-month old entry about the Eurozone. 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.
Trading Platform
Lunar Capital accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea. Lunar Capital has traders from 180 countries, making it one of the most accessible brokers. The minimum deposit at Lunar Capital is $50 for most accounts, except for the Zero Spread option, which requires $500. The FAQ section answers the most common question, and live chat is available with fast response times for basic questions. I want to caution beginner traders when using demo trading as a simulation tool, and they should consider the limitations.
Spreads & Commissions
I have been trying to salvage some of my money ,the so called adivice lose £1000 don’t ask me how and Lunar Capital won’t say. So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on.
The Global Multi-Asset Broker
You will find that their commitment to customer https://lunarcapital.vip/ service and education sets them apart, making them a notable choice for your trading needs. Just a few days ago I closed excellent buy order on EURUSD currency pair. The software is considered one of the best in the industry, especially for forex trading.
Welcome bonuses are available at Lunar Capital when you register for a new account. However, they do change over time and vary between countries, so check the current offers available when you sign up. Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change. Withdrawal times vary depending on the banking provider but range from the same day to 10 days. Payments typically take up to 24 hours, though wire transfers may take up to five business days. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
I always recommend that traders check them before evaluating the total trading costs. By providing these free, easy-to-digest educational materials, Lunar Capital aims to empower traders with the knowledge they need to navigate the financial markets confidently. Lunar Capital offers an innovative copy trading solution through its TradeCopier platform. This allows traders to leverage the expertise of successful traders or share their own strategies with others. These account types are perfect for traders who don’t want to pay commission on thier trades.
Lunar Capital operates under multiple regulations, including oversight by authorities such as the Cyprus Securities and Exchange Commission (CySEC). However, it has faced regulatory challenges in the past, which raised questions about its operational transparency and customer service standards. It’s important to verify whether the regulatory body protects your interests and ensures that the broker complies with all necessary financial regulations. Therefore, you should conduct thorough research on these aspects to ensure your trading experience is secure. All this together makes trading on company’s platform profitable and efficient.I trade currency pairs.
Desktop Experience
With an average rating for commissions and fees, Lunar Capital provides a standard cost structure without significant advantages. Negative reviews often emphasize these issues, while positive feedback typically focuses on the trading experience itself. You should thoroughly read user reviews to gather insights that reflect your trading expectations and priorities. The choice of trading platform plays a vital role in your trading experience with Lunar Capital. The broker offers a variety of platforms designed to cater to different trading styles and preferences, ensuring you have the tools needed to succeed in the financial markets.
- In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments.
- Lunar Capital broker received a 4.4 rating from over 280 reviews on Reviews.io website.
- A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old.
- The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules.
- While this isn’t a regular occurrence, it demonstrates Lunar Capital’s commitment to rewarding its traders in grand style.
- Your experience with Lunar Capital can vary based on your trading needs and preferences, so reviewing user experiences can provide valuable insights.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Spreads also get more competitive as you move up the account tier structure, with the VIP account offering the best value for money.
Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs. I find the well-balanced asset selection suitable for most retail Forex and equity traders requiring fewer but highly liquid trading instruments, like day traders. I also like the Lunar Capital fractional share dealing, which is excellent for smaller portfolios. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. 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.
We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. So, as you explore your trading options, it’s crucial to understand the features of Lunar Capital, including its trading platforms, fee structures, and the various account types available. Your experience with Lunar Capital can https://lunarcapital.net/ vary based on your trading needs and preferences, so reviewing user experiences can provide valuable insights. For a more comprehensive look, consider checking out this Lunar Capital Review to help you make an informed decision about whether this broker aligns with your trading goals. Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips. This review will fully report Lunar Capital’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods.
Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. Lunar Capital notes the availability of 80+ currency pairs, making it an ideal Forex broker.
Lunar Capital has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. The secure Lunar Capital back office handles all financial transactions for verified clients. Lunar Capital received numerous awards for various aspects of its competitive trading environment.
However, its total tradeable symbols are far below the industry average of 3,623. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free Lunar Capital Research app, which has no trading functions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed.