LunarCapital is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat.
Stock indices trading
These apps allow traders to manage their accounts and execute trades on the go with full access to MT4’s features. LunarCapital places a strong emphasis on trader education, understanding that informed traders are more likely to succeed. They provide a wide range of educational resources to enhance the trading skills and market knowledge of their clients, catering to all experience levels. For traders who utilize automated trading strategies, LunarCapital offers a VPS Sponsorship Program. This program provides access to high-speed servers and uninterrupted trading through Virtual Private Server (VPS) hosting. By minimizing latency and enhancing order execution speeds, the VPS Sponsorship Program ensures that automated strategies operate smoothly and efficiently, maximizing trading performance.
LunarCapital’s Price Aggregator automatically scans the market for the best bid/offer price combinations, thereby ensuring you get the most competitive and transparent executions for your trades. Keep reading our LunarCapital review to find out if this broker would be appropriate for your needs. This type of trading model levels the playing field with more transparency and a greater degree of control over your trades. LunarCapital are never charged any commission or fee for trading from their traders. However if we see its service like compatative spread and $0 commission for trading then we can forget fee. While an LunarCapital no deposit bonus does not exist, LunarCapital offers a 100% first deposit bonus with a $2,000 limit.
- LunarCapital offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes.
- LunarCapital operates on a spread-only model, with spreads starting as low as 0 on major currency pairs.
- The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
- LunarCapital offers various account types for both experienced and new traders.
Range of Tradable Instruments
The broker’s objective is to offer attractive spreads across all account types, ensuring traders can benefit from cost-effective trading regardless of their account tier. In conclusion, LunarCapital stands out in the competitive forex brokerage landscape by offering a reliable and transparent trading environment. The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors. LunarCapital offers a No-Dealing Desk (NDD) Forex brokerage service through genuine ECN/STP conditions, which are devoid of any conflicts of interest between LunarCapital and its clients. Forex trading is a high-risk financial product that has a large number of risks in the market due to the significant amount of volatility, high leverage, and a trader’s emotional factors.
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. Clients can find the provision in the Investment Services General Conditions PDF.
LunarCapital was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. Our team highly rates LunarCapital’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. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features.
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- Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks.
- Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved.
- LunarCapital hosts seasonal promotions that coincide with major holidays, trading events, and market milestones.
LunarCapital Review 2024: Is it the #1 ECN Forex Broker (Real Talk)
While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. LunarCapital offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. I am happy with the selection of fee-free funding methods accepted by LunarCapital, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker.
Web Trading Apps
All account types include features like hedging, advisors, free VPS (virtual private server), and a personal manager. LunarCapital offers several unique features that set it apart from other brokers. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry. This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades.
I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. Withdrawals at LunarCapital are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro.
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. LunarCapital 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 broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. 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.
Our LunarCapital review experts found that the ECN Standard account had the easiest entry point with an initial deposit of $100. The ECN XL and ECN Advanced accounts require deposits of $10,000 and $100,000 respectively. LunarCapital operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. The service provider is BeeksFX, but LunarCapital clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
Once these steps are completed, traders can access their account and begin trading immediately. Yes, LunarCapital provides negative balance protection to ensure that traders cannot lose more than their account balance. This feature safeguards your investments by preventing your account balance from going into a negative state, thereby mitigating the risk of unexpected losses. Traders from these regions are prohibited from opening accounts or accessing LunarCapital’s services.
One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. LunarCapital https://lunarcapital.net/ also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. LunarCapital offers traders the core MT4 trading platform without third-party upgrades. With no minimum deposit, high leverage, and low trading costs, LunarCapital is ideal for beginner traders and demanding seasoned ones alike.
Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. LunarCapital provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills. These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies.
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