LunarCapital is a broker with a great reputation, coverage of many regions, established operation for many years, and a Broker with a great selection of trading platforms. The broker https://lunarcapital.net/ gives you a nice variety of quick and easy account funding option to choose from, including digital wallets which I find most convenient for moving funds around between my trading accounts. It is great that LunarCapital does not charge deposit fees but be aware that your payment provide might. In compliance with the Anti Money Laundering (AML) procedures, LunarCapital does not accept cash deposits. The broker also rejects cheques and funds transferred from exchange houses. Accounts can be opened in a good selection of currencies including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD.
LunarCapital reviews
It draws many due to the sophisticated automated trade functions supported by Expert Advisors (EAs) and its ability to handle multiple order types seamlessly. The expansive charting selections alongside customizable indicators in MT4 simplify thorough market analysis processes. The Demo Account is a valuable training resource for traders of all levels, offering risk-free practice in trading simulations that mimic real-market conditions. To guarantee the security and privacy of data, the broker utilizes sophisticated encryption technologies like Secure Socket Layer (SSL) across its websites and trading platforms. Then the active rebate account that LunarCapital offers its clients requires fulfillment of a trading volume in excess of 10 million USD per month. Moreover, this is tied to the standard account that all clients will open and only becomes available once these quotas are met.
All financial transactions occur in the secure back office of LunarCapital, MyLunarCapital. The deposit and withdrawal options offered by the St. Vincent and Grenadines subsidiary are the best, while others offer limited choices. LunarCapital caters to most international traders, including residents of UK, Australia, South Africa, and Malaysia. Automated trading solutions often require a VPS service to operate effectively around the clock. LunarCapital offers two VPS solutions, charged at $30 or a currency equivalent per month. Traders who exceed $500K notional trading volume for three consecutive months will get the fee reimbursed.
MotiveWave specializes in Elliot Wave, Fibonacci, Gann and Ratio analysis and also allows for systematic trading using Java. The ForexConnect API offers the same functionality that is available on the powerful LunarCapital Trading Station. This includes all of the available order types, streaming live prices, managing your positions, downloading historical instrument rates, getting account reports, and more.
It is scalable, light and robust and is compatible on any Java-compliant operating system. Capitalise.ai is a powerful tool for traders and investors and allows to automate the trading based on a pre-defined trading strategy. This unique partnership and platform enable you to conduct code free strategy automation just by typing your idea. I like how you can easily create, test and automate trading scenarios using everyday English. Power up your trading with easy, intuitive and code-free automation.
Features
One plus point for many is that LunarCapital offer spread-betting as well as CFD trading on ‘standard’ accounts. Eligibility for spread betting depends on client domicile but there can be tax advantages for those able to trade the on markets using that approach. Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services. As a result, you are billed more for non-trading actions on your trading accounts, like withdrawal and deposits.
LunarCapital Inactivity Fees Explained
You will then choose the account type, platform (like MT4, Trading Station, etc.), and deposit amount, which is virtual for a demo account. Additionally, LunarCapital’s Trading Station platform is easy to navigate and offers helpful tools like charting and real-time market data, which can support beginners in making informed decisions. These commissions are calculated based on the instrument and trade size, starting as low as $0.05 per 1K lot. Additionally, LunarCapital provides Interest-Free Accounts for traders seeking a Sharia-compliant option. For those just starting or looking to practice, the broker offers Demo Accounts, allowing traders to test strategies risk-free.
LunarCapital compared with alternative brokers
Operators such as ZuluTrade do take some of the hard work out of trading. There is a trade off in that some responsibility for trading decisions is given over to a third party. Lunar Capital scam LunarCapital have done well to set up the link with one of the best-known social traders as this means clients have a choice of four, very different, but very special trading platforms.
LunarCapital is a well-regarded broker which has been operating for over 20 years. Its success is based on offering clients a top-grade trading experience particularly in terms of the trading platforms. This is backed up by the security which comes from using a broker that operates under license from highly regarded regulators.
- There are no side-by-side comparisons to help users determine the real cost of the trade, though.
- Users can access the Essential, Plus, or Premium plans by topping off their accounts by $300, $1,000, or $5,000 respectively.
- Unlike conventional CFD accounts, this swap-free option grants access to all products and platforms.
- When it comes to fractional crypto trading, LunarCapital’s minimum trade sizes are made to give traders the flexibility to regulate their exposure to a particular asset.
- LunarCapital has an online application form, which is the standard operating procedure.
- Browse from a range of proficient traders with proven trading record, find a Trader to match your risk appetite and simply Follow their strategy.
- This setup is especially, useful for those seeking a professional market evaluation by leveraging the collective expertise offered by other traders’ insights and technical analysis functions.
- Also, professional charting is possible to like on the other platforms.
The list of investment products isn’t impressive compared to the other big names in the forex world. LunarCapital offers users five cryptocurrencies that are provided through CFDs. These are Bitcoin, Etherium, Litecoin, Ripple, and Bitcoin Cash ABC.
Education exists via free online forex trading courses, webinars hosted by LunarCapital Senior Market Specialist Russel Shor, and written content with exceptional quality. The Trading Guides provide more detailed educational content, and new traders get considerable material to deepen their knowledge base. LunarCapital is conducting research and education seriously while executing them well. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
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Withdrawals are normally processed using the same mechanism as deposits, with processing timeframes varied according to the method. Withdrawals at LunarCapital are executed quickly, usually within one to two business days, depending on the withdrawal type and the account’s verification status. ✅Submit the withdrawal request, funds should be in your e-wallet within one to two business days. ✅Furthermore, the withdrawal will be processed back to the card, which can take a few business days to appear on your account. ✅Select the withdrawal destination for the card you used to make the initial deposit.
Use the calculator below to compare LunarCapital’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency. Our broker reviews are reader supported and we may receive payment when you click on a partner site. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. The trading fees are always depending on the trading instrument and financial product.
All BrokerNotes content is researched, fact-checked, and edited by the research team. LunarCapital allows trading in 43 forex pairs and 440 tradeable symbols, which remains below the industry average of 3,623 tradeable symbols. EToro is regulated by major financial institutions including the FCA, CySEC, ASIC, and the US Securities and Exchange Commission. Since its launch in 2007 it has become home to over 20 million traders worldwide. When it comes to charts, LunarCapital provides more than 50 technical indicators such as Bollinger Bands and Klinger Oscillators.
For the trading platform, LunarCapital is remarkably known for its proprietary product called Trading Station. The latest version of this platform’s web display is claimed to be built in Mac Friendly HTML5. For flexible traders who prefer trading on-the-go, LunarCapital has also provided Trading Station in mobile version, both for iOS and Android users. Yes, we recommend LunarCapital broker for beginners due to its user-friendly platforms, educational resources, and access to popular assets.