Accounts can be registered in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF. The broker does not charge any fees for deposits and withdrawals and the minimum deposit than can be made is $250, although that varies, depending on the type of trading account one opens. I like the trading environment at LunarCapital in the Absolute Zero account due to its competitive trading fees.
The platform allows clients to manage unlimited accounts but as we have said, it is designed for professional traders only. LunarCapital offers trading on copper futures, as well as energy futures – US light sweet Crude oil, Brent Crude oil, and natural gas. Unlike hard commodities like metals and oil, soft commodities are typically agricultural products that are being grown rather than mined. The soft commodity futures on LunarCapital include cord, wheat, rice, soybeans, coffee, cocoa, sugar, and cotton. CFDs on indices give traders exposure to the global markets and great opportunities to profit from some of the most popular indices in the US, UK, Germany, China, etc.
LunarCapital provides an average selection of trading platforms and tools. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. LunarCapital, founded in 2010, offers a range of forex and CFD trading options. With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors. LunarCapital notes the availability of 80+ currency pairs, making it an ideal Forex broker.
“Comprehensive broker”
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LunarCapital accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea. LunarCapital has traders from 180 countries, making it one of the most accessible brokers. Founded in 2013, Tradingpedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators.
The LunarCapital website is available in many different languages, while the MT4 platform can be opened in even more, which makes it suitable for traders from all over the world. When registering their account, LunarCapital can opt for the following languages – English, German, Spanish, French, Italian, Portuguese, Polish, Russian, Japanese, Arabic, Korean, and Chinese. Have been with it for few years, and sure it lacks some features, but in that same time all the ‘hype’ brokers disappeared.
“Reputable broker”
It is also one of the few brokers on the market who have prepared various bonuses and promotions for its clients. LunarCapital is one of the most reputable Forex, CFD, Stock and Crypto trading brokers that has many offices around the world and is available to investors in Europe, UK, Australia, and more. It offers more than 200 trading instruments across 6 different asset classes, including Forex, metals, indices, commodities, futures, and shares. The broker promises 24/5 multilingual support, ultra-fast execution of trades within milliseconds, and the lowest market spreads, starting from 0.0 pips. The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders.
Popular Forex Reviews
I like the trading fees in the LunarCapital Absolute Zero account, where traders get commission-free spreads from 0.3 pips. VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. VIP members benefit from even better conditions – for instance, the spreads are tighter, around 1.4. However, this type of account is offered only to traders who make deposits of $10,000 or more and have the US dollar (USD) as their base account currency. MetaTrader 4 or MT4 can be downloaded directly from the LunarCapital website for those who prefer the downloadable software package. With it, clients have access to more than 200 financial instruments in Forex, shares, spot indices, spot metals, futures, and commodities.
Is LunarCapital a good broker?
It’s been a wonderful one year trading here and it’s always felt very peaceful and smooth. Right now, trading feels like the only way to earn, https://lunarcapital.net/ with markets dropping so much. This platform is stable and support has been helpful every time I have reached out. The secure LunarCapital back office handles all financial transactions for verified clients.
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. 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. LunarCapital is a relatively small FX and CFD broker but it offers its clients access to global markets, various trading instruments, and average spreads. It is licensed by some of the largest and most respected regulatory bodies in the world and it does offer trader fund protection. It also allows multiple account management and free VPS hosting to those who deposit at least $5,000.
- With tight spreads as low as 0.04 and 1% margin requirements, LunarCapital offers its clients a great opportunity to profit from the global gold and silver markets.
- It offers beginner education videos and general education on forex and CFDs.
- A much faster alternative is to make a deposit through a digital wallet.
- Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
The ECN broker manages to consolidate quotes from several participants, which is why spreads here start from 0.0 pips and are typically very tight. A commission is charged, however, because the broker needs to be compensated in some way. With STP or ECN accounts, clients’ orders are not processed by the dealing desk and are instead forwarded to the interbank market. This provides faster execution, more liquidity, as well as more accurate prices.
- The FAQ section answers the most common question, and live chat is available with fast response times for basic questions.
- In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc.
- Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
- This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them.
- Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
- 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.
Low trading fees and quality education for beginners from an industry leader. EAs are automated trading bots, which can be customized by the trader and used for robot trading based on preset rules and conditions. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Fees
Clients across Europe and the UK are offered two types of protection – segregated client bank accounts and financial compensation if LunarCapital fails to pay its customers. In the UK, the Financial Services Compensation Scheme (FSCS) guarantees compensation of up to £85,000, while in Cyprus, the Investor Compensation Fund covers up to €20,000. The broker is also regulated by the Australian Securities and Investments Commission (ASIC) and with this license, the broker is authorized to operate in Australia, New Zealand, and South Africa. LunarCapital is the trade name of Notesco Limited, a company registered in Bermuda and headquartered in Cyprus. The broker is regulated in multiple jurisdictions, including Cyprus where it has a license from CySEC.
Traders must ensure they execute risk management to avoid magnified losses. LunarCapital offers negative balance protection, meaning traders can never lose more than their deposits. 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.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders. LunarCapital is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document. LunarCapital might ask for additional information on a case-by-case basis.
Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. It offers beginner education videos and general education on forex and CFDs. Based on its rating for education and beginners, it provides an average educational experience.
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