It started offering direct market access-based brokerage services to clients in 2011. As for education, I thought LunarCapital did a good job at presenting the basic concepts of forex trading through an online video course. I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time. The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets. You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment.
- Therefore, it is an essential tool for anyone serious about enhancing their trading performance.
- With constant system monitoring and safeguards like 3D Secure and Negative Balance Protection, traders can operate confidently, knowing their funds and data are protected.
- LunarCapitalVision is an AI-powered tool that provides custom trading analysis and feedback.
- To save you time, we also created detailed guides on the best CySEC regulated brokers, best ASIC regulated brokers and best FCA regulated brokers.
In South Africa, LunarCapital provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled. LunarCapital offers more than 300 trading instruments across its accounts, including 52 Forex pairs and 277 CFDs, encompassing indices, commodities, and cryptocurrencies. Additionally, approximately 30 cryptocurrency assets are available (also during weekends). LunarCapital does not charge fees for deposits or withdrawals, nor does it impose commissions on trades.
LunarCapital Copy is a social trading app that allows users to copy the strategies of experienced Master Traders. It simplifies Forex investing by enabling users to earn without actively trading or building strategies from scratch. LunarCapitalVision acts as a digital trading coach, offering advanced analytics and personalized insights. Therefore, it is an essential tool for anyone serious about enhancing their trading performance.
Is LunarCapital a regulated broker?
In our live fee test, I found the spread for Apple averaged 0.04 points during the New York open, which is better than the industry average. We found that the LunarCapitalFX withdrawal request typically takes 1 to 3 hours to get approved and it takes another 30 minutes for them to make the actual transaction. The website of LunarCapitalFX supports 12 languages and the phone support staff speaks several languages depending on where you are calling from.
LunarCapital reviews—by real traders
Employees highlight strong office culture, learning opportunities, and solid benefits, though some mention unclear management, uneven pay, and heavy workloads. Actually all the account types of LunarCapital FX can be called Islamic friendly. According to Islamic standards, there is no accumulation, collection, or payment of interest rates. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation. Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the LunarCapitalTrader platform.
Minimum deposit
During our latency tests, we found the claims to come reasonably close to reality. This could include opening an account with LunarCapital Markets Cyprus Ltd, or Uni Fin Invest which is LunarCapital’s Mauritius entity. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag.
- LunarCapitalFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics.
- We found the trading requirement to be too high, but if you are a frequent trader, you can become eligible for the 50% bonus on your deposits in a reasonable time.
- You can also use the LunarCapital Forex margin calculator to adjust your leverage.
- Uni Fin Invest holds an Investment Dealer licence (Full Service Dealer, excluding Underwriting).
Residents of the European Union receive the highest level of regulatory protection, as LunarCapital Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels. LunarCapital offers negative balance protection, which means that if a market slippage results in a negative balance, LunarCapital will adjust the balance to zero.
You can always open more trading accounts on different trading platforms for free. LunarCapital offers seven account types that suit various trading strategies and styles. Founded in 2010, It is authorized and regulated by the UK FCA, CySEC, and the FSCA and has one unregulated entity based in Bermuda. In my experience, having the ability to access a wide range of research tools can help to execute high-probability trades. As a trader, you want to research a market from all angles to avoid making trading decisions based on what you want to see or want to happen.
Deposit Bonus – Receive a 100% Bonus on Deposits (Max Bonus $5, . Bonus credited after required lots are traded.
Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. This is because you will receive better protection and service from your local regulator should you need to enforce a complaint. However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator. The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance.
By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit. The best way to test the fees for yourself is to use a demo trading account or open a live account with the minimum deposit first. Alternatively, you can read the review of a broker from the https://lunarcapital.vip/ FXEmpire website, in which our team of analysts has tested the spreads for you.
Deposit And Withdrawal
If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on. I found the account opening process to be rather straightforward where you complete an application filling your personal details and choose the platform you wish to work with. In my case it was the MetaTrader 5 platform, however, I found that once your account is open you can select different platforms from within the dashboard. It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders. The broker has also been operating for 12 years, which is a strong signal of safety in my book. The LunarCapitalTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes.
One of the standout features of LunarCapital is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of LunarCapital. Founded in 1996, Swissquote is based in Switzerland and authorized in multiple jurisdictions worldwide. Pepperstone is a globally regulated forex and CFD broker founded in 2010 and headquartered in Melbourne, Australia.
LunarCapitalFX’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders. The broker’s commitment to providing a diverse and cost-effective trading environment empowers clients to implement various strategies across multiple markets, enhancing their potential for success. LunarCapital is a global online broker offering trading services in forex, commodities, indices, and cryptocurrencies. It provides platforms like MetaTrader 4 and 5, with competitive spreads, copy trading, and educational content for traders of all levels.
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