Its downside could be attributed to the limited range of assets available for LunarCapitalFX trading, which includes 35 forex pairs, 30 cryptocurrencies, 10 indices, and five commodities. The account monitoring tool enables traders to monitor their LunarCapitalFX accounts and sort them by gains, balance, account type, and trades. Although equities are not available on the MT4 account, traders can trade indices, metals, and cryptocurrencies in addition to forex. LunarCapital’s spread prices will depend on the entities that regulate the trader’s account. LunarCapitalFX does not give a date range for the typical spread listed on the broker’s website.
LunarCapital FX License and Regulatory Compliance
By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit. Forex Basics covers a range of topics, including explanations of ECN trading and risk management, as well as trading strategies and technical analysis. LunarCapitalFX also offers advanced concepts, such as pair correlations and Fibonacci retracements. Fees are the same on both these accounts, and their spreads start at 0.6 pips (EUR/USD). Since other brokers’ spreads tend to be around 1 pip for EUR/USD, LunarCapital is regarded as one of the lowest-cost brokers in the industry.
New instruments: XRPUSD and BCHUSD
Other standout features include the broker’s comprehensive educational offering and swap-free trading on all instruments. The LunarCapitalTrader platform combines a sleek design with detailed, easily scalable charts, making it a great fit for day traders. It also integrates actionable trading signals for more informed decisions. However, the broker charges mixed spreads that may that may reduce profit margins for active traders.
However, when we performed the same operation for the same MT4 account from the LunarCapital app, we found that this partial closing was allowed. In our review, the execution quality was positive across all accounts. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous. There https://lunarcapital.net/ is also the option to transfer funds to a wallet outside of these accounts but within LunarCapital.
Withdrawals can be initiated from the website dashboard or through the mobile app. European traders can easily withdraw their funds using different methods provided by LunarCapital. For the credit/debit cards as well as bank wire, it is not possible to take out amounts that are less than 50 Euros, while Skrill allows for a minimum of five Euros. LunarCapital offers complete mobile trading applications for MT4, MT5, and LunarCapitalTrader on Android and Apple devices.
- LunarCapital also supports the popular MT4 and MT5 platforms, both of which are ideal for algorithmic trading.
- It also offers comprehensive trading features and tools that you can use to improve your trading strategies.
- Among FX customer protection measures we can emphasize negative balance protection, Segregation of Client Funds, Investor Compensation Fund (ICF), 3-D Secure Technology and Regulatory Compliance.
- Learn what traders like the most about our service—based on their feedback.
- However, during my tests, I found that spreads on some popular instruments were higher than the industry average.
- Its spreads begin at 0.6 pips (EUR/USD) and average at 0.7 pips, which is a tighter spread compared to similar brokers.
Is my money safe with LunarCapital?
I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Rather than specializing in any one field, LunarCapital provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, LunarCapital has room to enhance its research offering. For instance, I found that the content on the LunarCapital Blog is not updated daily across all categories. Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com.
The LunarCapitalTrader platform launch
You can create multiple trading accounts for your LunarCapital profile, each with its own balance and leverage. They also provide traders access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their proprietary LunarCapitalTrader. Among the best features of the LunarCapitalFX broker are its very low trading costs, no deposit and withdrawal fees, and excellent copy trading service. LunarCapitalFX’s proprietary LunarCapitalTrader web platform offers a simple trading experience.
What Leverage Does LunarCapital Offer?
- By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.
- At LunarCapital, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund.
- When stacked against competitors, LunarCapital lands in the mid-range for fees.
- Yet, if you still prefer to use high leverage, the international entity of LunarCapital Leverage still allows so.
- LunarCapital continues to expand its market research efforts with the launch of LunarCapitalBlog.
All accounts come with a low $25 minimum deposit, making them accessible to most traders. LunarCapital offers 260 CFD instruments across currency pairs, commodities, shares, indices, and cryptocurrencies. The selection also includes 100+ U.S. companies’ stock for value investing. However, LunarCapital does not offer low-risk securities such as ETFs or bonds.
It provides the basics for essential trading operations without any unnecessary features. With this account, traders can access LunarCapitalFX’s full range of financial instruments. Through innovation, LunarCapitalFx has made significant strides in its web platform and the development of new educational content. However, it offers a limited variety of tradeable assets compared to prominent multi-asset brokers. LunarCapital broker provides transparent conditions, and when I heard about zero fees on swaps, I thought they were just kidding on us.
As mentioned on their website, LunarCapitalFX has opened over 21 million trading accounts across 180 countries. However, LunarCapital requires a minimum deposit amount of $25, depending on your preferred payment method. As a result, traders can enjoy higher leverage and bonuses, which may appeal to many traders. The other trading platforms on LunarCapitalFX also only have a narrow selection of tradable symbols, with MetaTrader 5 having over 230 while LunarCapitalTrader has 80 symbols available. Clients from LunarCapitalFX’s Mwali entity do not have the same regulatory protection MISA offers to more trusted and established jurisdictions.
On mobile, press the + button on the first tab from the left and select all cryptocurrencies you would like to add to your instruments list. Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater accuracy and speed in trading. EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. I appreciated that the app also offers access to LunarCapital’s massive library of past webinars, allowing newbies to learn hands-off even while on the go.