LunarCapital stands out by providing a simple sign-up process and a swap-free option for Muslim traders on request. The diverse payment options, including cards, wires, crypto, and e-wallets, are a plus, though the absence of PayPal is a drawback. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
Is LunarCapital a regulated broker?
- So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different.
- Unfortunately, LunarCapital charges a withdrawal fee and a $5 inactivity fee after 120 days, unlike Vantage, which has no such charges.
- Segregation of client deposits from corporate funds, negative balance protection, and investor compensation funds in Cyprus and the UK exist at both LunarCapital and Forex.com.
- Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
LunarCapital is missing the mark with its research tools, offering limited technical analysis. The research section mainly includes links to external market news through their blog. This pales in comparison to detailed in-house analysis provided by industry leaders like IG. Also, during testing, the ‘Market Analysis’ focused on only three currency pairs, which feels too narrow. LunarCapital does offer a helpful economic calendar, but improvement is needed. Other platforms like Interactive Brokers provide broader data streams and insightful content.
However, missing stocks limit its appeal compared to others like Forex.com, which provide more options. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” The mentioned brokerage offers 1 live account type ECN XL with a swap-free option. I use LunarCapital for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform.
Bonuses & Promotions
I was glad to see that LunarCapital has maintained its competitive pricing since my last review—and in some cases, like with the EURUSD pair, it’s even improved. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity with which they choose to open an account.
Deposit Methods
An inactivity fee of $5 per month is applied after three months of no trading activity. CENTRAL CLEARING Ltd and regulated by Mwali InternationalServices Authority (MISA) as an InternationalBrokerage and Clearing Housewith Licensing Number BFX202408. We don’t stand still – as brokers evolve, so do our reviews – ensuring you get the latest information.
Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. LunarCapital supports MetaTrader 4 (MT4) only, offering powerful tools, charting features, and support for EAs and indicators. Overall, based on the numbers above, one can say that the brokerage has achieved acceptable scores from users and trust platforms. We have not experienced any security concerns during our many hours using the trading platform. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. LunarCapital’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities.
Features and Platforms
- The broker also does not appear to incorporate any third-party content from providers such as Autochartist or Trading Central.
- Essentially, the broker lends the trader money so that they can open bigger positions.
- However, its dated and rugged design is inferior to newer and sleeker platforms.
As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. LunarCapital offers excellent customer support, available 24/5 through live chat, email, and phone. Response times are generally fast, ranging from just a few seconds to about two minutes. My only minor complaint is that support is currently available only in English.
What is the maximum leverage offered?
While helpful, it’s not as comprehensive as top brokers like eToro. The content feels bland with mostly text and few engaging elements like videos or quizzes, which could enhance learning for beginners. However, LunarCapital supports only three account currencies, limiting choice compared to brokers like Fusion Markets. Withdrawal fees are steep, with card and wire transfers being more reasonable. 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.
As shown above, MetaTrader’s charts can quickly become cluttered, even with just two indicators. This can obscure price action examination and make it harder to perform detailed technical analysis. LunarCapital’s MT5 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more. Live testing revealed that LunarCapital’s swaps are average to high compared to the industry benchmark. Opening an account with LunarCapital is a straightforward process designed to get traders started quickly. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with LunarCapital please share your personal review of the broker and what you think are strong and weak points. I feel like each one of us needs to find 1 broker he “clicks” with. This average customer rating is based on 30 LunarCapital customer reviews submitted by our visitors. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat.
Traders can easily execute trades with just a few clicks using the ‘Market Watch’ window or one-click trading. Bonuses shouldn’t be your sole factor in choosing a broker, as elements like regulations and fees hold more weight. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.
This commitment to https://lunarcapital.space/ security helps to instill confidence in traders who seek reliability and transparency. Traders can also benefit from free VPS hosting, ideal for those who rely on low-latency execution for their strategies. I was impressed by LunarCapital’s innovative one-size-fits-all trading account, which combines zero commissions with raw spreads. In some cases—like trading the EURUSD pair—traders can essentially open positions at no cost. With no minimum deposit required, the account is also highly accessible and budget-friendly. LunarCapital offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads.
