No, LunarCapital is a legit broker with regulatory oversight from the VFSC and the CySEC. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand. LunarCapital has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. Our team is happy to see that LunarCapital does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience.
The speed of transfers varies according to the payment method used. Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. We are also disappointed with LunarCapital’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days.
Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. LunarCapital’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read.
However, LunarCapital has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor. The company lets clients use automated trading programs with which they can build various trading strategies.
もくじ
How long have you been trading with LunarCapital and how has your experience been?
The Vanuatu Financial Services Commission (VFSC) provides LunarCapital with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but LunarCapital does not list them.
Trading Risk Disclaimer
Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. LunarCapital enhances the mobile trading experience by offering the MT4 and MT5 applications, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. However, they are still powerful platforms that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. On the downside, LunarCapital supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions.
Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don’t require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features. LunarCapital provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills.
- The Autochartist interface is user-friendly and can be customized to suit individual trading preferences.
- LunarCapital compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like LunarCapital to maintain licenses and operate in certain jurisdictions.
- The spreads are very tight starting from 0.4 I enjoy trading news sometimes and they allow it as well.
- Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- The customer service people answered me quickly and professionally, even though I was a little “difficult” at times…
LunarCapital Lunar Capital official site does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. I am satisfied with LunarCapital’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading.
- This app provides access to a range of advanced trading features, allowing LunarCapital traders to stay on top of their trades and react quickly to changes in the market.
- You can start using the MetaTrader 4 platform with LunarCapital in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers.
- LunarCapital’s desktop trading platform is MT4 and MT5, available for Windows and Mac.
- MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features.
- Compared to other brokers, LunarCapital offers fewer customer support features.
Written by the company
As long as everything remains the same, I think I’ll keep using it. I like a lot of stuff about LunarCapital, including their speed in order execution. I have working with LunarCapital for more than a week https://lunarcapital.vip/ and I think that it a decent solutions for scalpers and any type of intraday traders.The spreads is quite competitive. I realize that such trading conditions as here will help me to increase my profitability🤑. Your review can make a difference to other traders, please leave a comment if you have any personal experience with LunarCapital.
Powerful Platforms for All Devices
It’s essential to note that the trading instruments offered under the LunarCapital brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the LunarCapital trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
The company has established a solid reputation within the forex brokerage industry, praised for its competitive trading conditions, including attractive leverage options and low spreads. Customers appreciate the transparency and reliability of the platform, often highlighting the quality of its educational resources and customer support. However, concerns persist regarding withdrawal processes, with some users experiencing delays and additional fees. Overall, while the company demonstrates strengths in product offerings and customer service, it faces challenges in addressing withdrawal-related issues, which could impact customer trust and satisfaction. CySEC works under an extensive set of regulatory guidelines proposed by the ECB and the MiFID, as per the input and supervision of individual regulatory agencies across Europe. All Forex trading companies domiciled in the EU are subject to the regulatory supervision and scrutiny from all allied regulatory organizations, which ensures a uniform code of conduct across the EU.
Is LunarCapital an ECN broker?
ECN XL and ECN Standard Account owners have access to 30 trading instruments. Clients with ECN Advanced Account (min. deposit $100.000+) can trade over 200 assets. LunarCapital caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
LunarCapital’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. The broker’s website is available in over 100 languages and provides all information necessary for trading.
I’ve personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person. With LunarCapital, you can open a trading account denominated in US dollars, euros or British pounds. If you fund your account in a different currency, LunarCapital will use Hellenic Bank’s exchange rates, published here. LunarCapital’s trading account is also available without a swap, upon request.
As a result, selecting the right trading platform like LunarCapital requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like LunarCapital available, each with unique features, fees, and regulations. LunarCapital provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and LunarCapital is transparent about its products and services.
Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings.
So, take a seat, grab a cup of coffee, and dive in to learn about LunarCapital and how it can benefit you or if LunarCapital is not for you. Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions. For instance, anyone registering from a CySEC regulated region is not able to accept a bonus.
