Within this, there is a compensation fund of up to €20,000 per trade claim. This wide range makes it easier to diversify trading, therefore reducing risk. Even beginner traders can branch out from forex into cryptocurrency or beyond. This boosts skill development and creates a more enjoyable trading experience. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. Withdrawal fees depend on the payment processor, and Lunar Capital processes all requests within 24 hours.
As an alternative option, AvaTrade are regulated in multiple jurisdictions by some top-tier regulators. Lunar Capital is a respected name in the trading industry, fostering relationships with over a million clients across the globe. The dedication to impeccable service quality is evident through the rigorous order execution audits Lunar Capital undergoes https://lunarcapital.vip/ monthly.
Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… Although traders have had great success with Lunar Capital, trading on the financial markets with Lunar Capital is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. The Lunar Capital MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Lunar Capital traders detailed market tools. MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features.
It’s essential to be cautious and methodical in your Lunar Capital broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability of Lunar Capital, its track record, and reputation is vital. Moreover, ensure the Lunar Capital broker’s offerings, trading tools, fees, and regulation align with your preferences. Lunar Capital offers some of the highest leverage on the market and has a large number of tradable assets.
In the overall AppStore rating, the Lunar Capital app received 4.9 out of 5 possible points, based on 847 reviews. This high rating confirms that the Lunar Capital app excellently combines functionality and ease of use, making it an indispensable tool for mobile trading. The commission for withdrawing funds depends on the payment system used. Withdrawal requests are processed 24 hours a day on business days. When using an ECN account, a commission of $2.50 is charged for each transaction per 1 lot, which can be considered below average.
If Lunar Capital violates any regulatory rules their regulated status could be stripped. Rates, https://lunarcapital.team/ terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.
Does Lunar Capital offer demo accounts?
Technical language and terminology can be confusing with brokers like Lunar Capital.Choosing or shortlisting a trading platform like Lunar Capital can be time consuming. These competitive spreads and commissions ensure that traders can select the account that aligns best with their trading strategy and goals. MetaTrader 4 is an industry standard, favored for its beginner-friendly design, wide array of indicators (30), and support for 9 timeframes.
- Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk.
- A virtual private server (VPS) can be used to run the MetaTrader platforms 24/7 without needing your computer switched on.
- Lunar Capital is a reliable broker with solid regulatory oversight and strong client protection mechanisms.
- This is particularly relevant for beginners just starting their trading careers and looking for comprehensive educational content.
- Lunar Capital primarily provides brokerage services in the CIS countries, Asia and Europe.
Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. Lunar Capital has been providing access to international financial markets since 2007.
Platforms
- However, remember that you won’t be able to make trades on Lunar Capital until you have passed compliance, which may take several days, depending on your circumstances.
- The program has five levels, calculated based on the trading volume over 30 days.
- Lunar Capital is a member of The Financial Commission, an independent external dispute resolution (EDR) organization.
- The highlight of the platform is its fast order execution on trades.
Within that, there is still risk but not as much as we might expect. This broker doesn’t accept residents of the EU, UK, Australia, and the US. This is quite limiting to many traders, so alternative options need to be considered. Established in 2006, this broker is highly regarded and has strong regulatory oversight. It offers a large number of educational resources, and several platforms and an app.
Does Lunar Capital provide VPS?
There is no use in rushing the process as it will only lead toward the wrong decision. Time and effort is key, and reading reviews and comparisons is a positive first step. For residents of countries which this broker doesn’t accept, there are several other notable options to consider.
What platforms do Lunar Capital support?
Whilst MT5 maintains most of the core features and functionality of MT4, it also has extended capabilities. This includes additional technical indicators, fundamental analysis including a built-in economic calendar, multi-currency strategy tester and more. MT5 offers advanced trading functions and superior tools for comprehensive price analysis, algorithmic trading and copy trading. Despite that, MT4 remains the platform of choose among most online traders around the globe. I don’t think you can go wrong with either platform and they are so similar, if you can learn how to use one of them you shouldn’t have any problem using the other.
Traders can open a live account at Lunar Capital with a minimum deposit of $100. ECN and Zero accounts require $200, while the Crypto account requires MBT10. Regarding deposit and withdrawal commissions, the broker does not charge a deposit fee, but there is a withdrawal cost, which varies depending on the payment method and the transfer. Skrill also allows cross-border transactions through its remittance service Skrill Money Transfer. The service enables customers to transfer money to a bank account overseas by using their credit card.
Every month, the broker opens its books to an independent third party for auditing. Lunar Capital supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. The secure Lunar Capital back office handles all financial transactions for verified clients. Account verification is mandatory at Lunar Capital, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document.
Exllent application
This is particularly relevant for beginners just starting their trading careers and looking for comprehensive educational content. Lunar Capital also does not charge any commission for deposits and withdrawals, an added advantage. Moreover, the company covers any deposit fees charged by the payment system.
Financial regulation and licensing are crucial for creating a secure trading environment for Lunar Capital traders. The Standard account offers floating spreads starting from 1.3 pips with no commissions. The ECN account has tighter spreads from 0.2 pips but charges a commission of $2.5 per lot per side. The Fixed account offers fixed spreads starting from 3 pips with no commissions, while the Zero account offers spreads from 0 pips but charges a minimal commission starting at $0.01 per side.