However, its rugged chart screens and https://lunarcapital.net/ order-placing capabilities are outclassed by newer and sleeker platforms. The platform accommodates basic technical analysis and automated trading. The broker does not charge a handling fee for deposits – only for withdrawals. Furthermore, it covers any banking fees that may be applied by the payment processor. The broker stands out for extremely low trading fees and a decent range of educational and research materials.
Lunar Capital Deposits & Withdrawals
- This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs.
- But there is 0 dongs and whistles, so, again, not everyone might like it.
- Our team highly rates Lunar Capital’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs.
- Understanding how to adopt a proper trading mentality is especially important for long-term success in the market.
Reliable customer support is essential when trading with any broker, and Lunar Capital recognizes this importance by offering efficient and accessible service. Traders can reach Lunar Capital’s support team 24/5 through multiple channels, including email, phone, and live chat. This ensures that help is always available, no matter the time or urgency of the inquiry.
The mobile applications have proven to be stable and reliable during testing. 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. These combine well with Lunar Capital’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month. The three chart types MT4 offers are far behind newer alternatives such as TradingView, and the 9 time frames from 1 minute to 1 month have also been surpassed by many other platforms. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders.
This ensures compliance with legal standards and helps traders understand any specific limitations that may apply to their region before opening an account. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders. Lunar Capital operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. I use Lunar Capital for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated.
My Key Takeaways After Testing the MetaTrader 4 Platform
Lunar Capital does not have a minimum deposit requriement, charges very low trading fees, and also offers extensive educational and research materials. However, casual traders can only trade on MetaTrader, which has a rather rugged design. Lunar Capital offers a range of educational resources to help traders of all levels improve their skills. While the quality of these materials varies, they can be helpful for beginners. However, experienced traders may find the depth and breadth of the educational offerings to be somewhat limited.
„Straight through processing“
The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. Lunar Capital places paramount importance on trust and safety, strictly adhering to global compliance standards to protect its traders. The platform employs state-of-the-art security measures to safeguard both personal data and client funds, ensuring that all transactions and information are securely managed. By continuously updating its security protocols, Lunar Capital guarantees a secure trading environment for all its users.
- Lunar Capital offers beginner traders a sound educational offering from where traders can expand.
- For example, the EUR/USD spread can be as low as 0.3 pips on the VIP account, providing significant cost advantages for frequent traders.
- The platform also supports secure payment gateways for deposits and withdrawals, minimizing the risk of fraudulent activities.
- Notably, Lunar Capital has set its margin calls at 100% and stop-out levels at 50%.
- Seasoned traders can benefit from its fast execution speeds and extremely competitive prices.
The secure back office of Lunar Capital handles all financial transactions. Lunar Capital maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. Lunar Capital also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
Lunar Capital occasionally introduces other bonuses and promotions, which have included a $50 Lunar Capital no deposit bonus or annual interest on free margin. Lunar Capital offers traders the core MT4 trading platform without third-party upgrades. With fast processing times and no deposit fees, Lunar Capital makes it easy for traders to manage their funds efficiently. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks.
„High quality service“
I enjoy the ecn stp accounts, especially since i’m a scalper trader. I get filled to trades so quickly, that it literally boosted my profitability by nearly double. For my trading strategy that required some help from EAs and more customization, the trading environment that Lunar Capital provided, was right on target. Mt4 was the platform, where I’ve already had everything built and set up.
Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already. It’s good to know that your funds are safe and sound while you trade. Because I get enough stress at trading, so I don’t need it outside of it. For example, the EUR/USD currency pair is the most liquid currency pair in the forex market, so it generally has the tightest dealing spread.
Your feedback is valuable in helping us maintain the quality of our information. Importantly, your funds will be held in segregated accounts with Tier-1 banks, and you’ll enjoy negative balance protection whichever entity you open an account with. This means that you cannot lose more money than you invest with Lunar Capital. On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. I find Lunar Capital’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours. I am satisfied with Lunar Capital’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading.
Overall Lunar Capital is one of the best brokers…
To be fair, my first impression of this broker was “lol, this broker is so outdated and the user interface is quite old”. ???? Anyway, I joined them because their reputation speaks for themselves.Nonetheless, I was really surprised when I found out that it’s possible to trade crypto currencies here. I would have never guessed that this old broker would be able to provide crypto pairs for trading.
„Affordable fees“
Lunar Capital works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. For clients who maintain a minimum balance of $2500 and trading volume above 30 standard lots monthly, the broker provides free VPS access. Lunar Capital is nice broker and they helped me a lot during my adaptation process. Their customer service indeed cares about the comfortability of clients. Single account never bothered me anyway and I think this is how they made sure everybody is equal and one is not getting better trading conditons than the other! I’ve seen companies who have many accounts and if you pay 10k you can get better conditions, this should not work like this, and Lunar Capital has my utmost respect for doing the right thing.
Due to its hybrid ECN/STP model, Lunar Capital has access to deep liquidity, making it a good choice for high-precision trading. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. Lunar Capital’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.