I see that its because of popularity but I had thought it was quite a popular broker in the trading circles. I know lots of seasoned traders who prefer Lunar Capital because of the versatility of provided services. For the most accurate and up-to-date information on available payment methods and their specific terms, please refer to the official Lunar Capital website or contact their customer support. To protect the client’s fund in the event of extreme volatility, Lunar Capital presents each account type with Negative Balance Protection.
You have two accounts which are free from commissions – Standard and Micro accounts, while the Lunar Capital Zero account is based on commission. Lunar Capital always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals. In fact, the deposit and withdrawal options are listed side by side on the website and a trader needs only click on „make a deposit“ or „request a withdrawal“. Please note that withdrawals via bank wire of amounts under $200 are subject to a $15 administration fee.
With features such as one-click trading and customizable charting options, MT4 remains a popular choice for forex and CFD trading. Lunar Capital Forex https://lunarcapital.vip/ offers several different account types, each with its own unique features and benefits. For US traders, the two most relevant account types are the Micro and Standard accounts. Lunar Capital is one of the few brokers who have a good reputation among clients on Reddit.
If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place. All of the usual forms of deposit and withdrawal are available with Lunar Capital, such as Neteller Moneybookers, debit and credit cards and Skrill. Most of the deposit options will allow you to have your deposit processed instantly. Bank transfers will take between 2 and 5 business days to process though. Besides lots of currency pairs, Lunar Capital also offers some instruments you would like to trade on, such as Forex, Crypto, Stocks, Commodities and Indices for your best choice. Somehow, remember that different instrument has different trading conditions.
Consider the size of leverage
Founded in 2009 by Constantinos Cleanthous, Lunar Capital is an online broker that provides CFD trading. The company has offices in Australia, UAE, Cyprus, and Belize. Brokers like Lunar Capital have to spend a lot to meet all the rules and regulations. It’s a big investment, and sometimes, it just doesn’t make financial sense for them.
Since the company doesn’t charge interest on overnight positions, clients can trade their preferred financial instruments without going against their religious beliefs. Although Islamic accounts are not offered as a stand-alone product, clients can request the company to switch their conventional account types to Islamic ones. There are 1,500+ Lunar Capital trading instruments and the broker seems committed to providing first-rate services in the foreign exchange market. While clients have 1,250+ stock CFDs, 50+ forex pairs, 13+ equity indices, 30+ crypto CFDs, and 15+ commodities to trade on Lunar Capital. Since the company doesn’t deal in real cryptocurrencies, clients registered with the broker can only trade them as derivatives. We will discuss the broker’s regulations, verification processes, deposit & withdrawal options, minimum spread, maximum leverage, online trading fees, and investment safety measures.
Micro Account
In this case, you have to make sure that your strategy is well suited for the instrument you chose. Besides lots of currency pairs, Lunar Capital also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks, Commodities and Indices for your best choice. Besides lots of currency pairs, Lunar Capital also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Crypto, Stocks, Commodities and Indices for your best choice. Lunar Capital is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts.
For the deposit, Lunar Capital applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay. Established in 2009, Australia-based Lunar Capital has a proven track record as a reliable broker. Known for its efficient trading services, quick execution speeds, and secure trading environment, Lunar Capital has garnered a positive reputation among our traders and industry experts. The deposit and withdrawal process is generally straightforward and convenient. While international bank wire transfers can take several days depending on the bank, Visa and Mastercard transactions are typically processed instantly.
Is Lunar Capital regulated in Canada?
- While deposits are free, some withdrawal methods, such as certain bank transfers, may incur small fees.
- Responses through live chat are prompt, and email replies typically arrive within 24 hours, ensuring timely assistance.
- Moreover, losses in leveraged products may exceed your initial deposit.
- All Lunar Capital account types offer negative balance protection for EU residents.
Lunar Capital provides various high-quality and enjoyable educational content aimed at beginner traders to help them build their trading knowledge and skills. Clients who still need to meet the eligibility requirements can access the VPS by requesting it in the Members Area for a monthly fee of $28. This fee will be automatically deducted from their MT4/MT5 accounts on the first day of each month. One notable fee for less frequent traders is an inactivity fee of $15, charged once after one year of no activity. Following this, a monthly fee of $5 applies if the account remains inactive. Yes, Lunar Capital offers cryptocurrency CFDs, allowing traders to speculate on various digital asset price movements without owning the underlying cryptocurrencies.
Not saying that there are no other honest brokers; I am only saying this is one of the honest ones. The broker has about 10M traders using their platform, which says a lot about their honesty. The support too is very active and replies almost immediately. For day traders seeking even lower spreads, the Zero account provides raw spreads from 0.0 pips with a commission of $3.50 per lot per trade. While it may offer fewer commodities and cryptocurrencies than some market leaders, its overall offering remains competitive, particularly with its extensive stock CFDs and currency pairs.
Like Trustpilot, the FPA community also seems divided concerning signing up with Lunar Capital. Some clients appraised the broker for having ultra-low spreads and a fast withdrawal process, while others denounced the company for poor trade executions. Clients https://lunarcapital.net/ also criticised the broker for its high spreads & commissions and poor customer support. Overall, the company seems to have failed to make a good impression on Trustpilot users.
400+ INSTRUMENTS TO CHOOSE FROM
- Lunar Capital offers a reliable customer support system with a variety of communication channels, designed to assist traders efficiently throughout the trading week.
- If you’re seeking a broker without inactivity fees, Vantage might be a suitable alternative.
- However, the company’s spreads are subject to change depending on your chosen financial instruments.
- All accounts offer negative balance protection, hedging and Islamic option as standard.
Standard Account holders may be eligible to participate in Lunar Capital’s Bonus scheme, depending on their jurisdiction. Lunar Capital provides an impressive selection of over 55 currency pairs, which include major, minor, and exotic pairs. The platform offers tight spreads and competitive pricing, making it a solid choice for forex traders. Whether youre a beginner or an experienced trader, Lunar Capital’s diverse range of forex pairs ensures that you can speculate on the world’s largest and most liquid market effectively.
Lunar Capital offers trading in more than 55 currency pairs including majors, minors, and many exotics. We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights. Founded in 2007 by brothers Yoni Assia and Ronen Assia together with David Ring, Etoro is a social trading and multi-asset investment company. It’s all about making sure trading is fair and safe, especially for retail traders.
Islamic Account
I’ve found Lunar Capital’s customer support responsive, helpful, and professional. No matter the issue, they’ve always ensured I get the assistance I need, making trading with them a smoother experience. This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently. Another helpful feature is MT4 MultiTerminal, allowing experienced traders to manage multiple client accounts simultaneously. Both platforms are available in desktop, mobile (iOS and Android), and WebTrader versions, allowing trades to be executed from anywhere.
Since third-party payments are not accepted, you must fund your account using the payment source that matches your name. Lunar Capital supports several payment methods for deposits and withdrawals. Below we’ll have a quick review of both deposit and payment methods. Clients who don’t feel confident trading sizable lots can now sign up for Ultra-low accounts. While other trading conditions look similar to the other accounts offered, the broker doesn’t allow swaps in the ultra-low account.
While availability may differ depending on your location, Lunar Capital ensures a seamless trading experience for those interested in this highly volatile and dynamic market. In addition to its forex offerings, Lunar Capital gives traders access to a wide range of commodities. This includes precious metals like gold and silver, energy products such as crude oil and natural gas, and agricultural commodities like corn and wheat. These instruments offer traders the opportunity to hedge against inflation and diversify their portfolios, especially in volatile market conditions. To enhance financial security, Lunar Capital implements strict compliance measures and risk management protocols. Client funds are held in segregated accounts at top-tier financial institutions, ensuring they remain separate from the company’s operational capital.