While clients have 1,250+ stock CFDs, 50+ forex pairs, 13+ equity indices, 30+ crypto CFDs, and 15+ commodities to trade on LunarCapital. Since the company doesn’t deal in real cryptocurrencies, clients registered with the broker can only trade them as derivatives. With its headquarters in Belize, the company serves 5M+ clients from 190+ countries worldwide. The broker claims to have a wide range of trading instruments and accommodating terms to facilitate retail and professional clients. However, the company lacks competitive variety amid trading platforms. Due to the absence of LunarCapital’s proprietary trading platform, clients must go for the industry standard trading platforms like MT4 and MT5.
Overall, the company seems to have failed to make a good impression on Trustpilot users. The broker processes all payments within 24 hours, excluding bank transfers. Depending on your bank’s jurisdiction, it can take between 3 to 5 business days for wire transfers to reach your account. The mobile trading platform has numerous language options, just like the desktop version. The app supports 14 languages, enabling you to select your preferred one. Depending on your tastes, you can also change the app’s theme colour to light or dark mode.
Risk Warning :
It has an additional 1000 CFDs on stocks (shares), which makes it the ideal multi-asset platform. You can trade forex and CFDs on stocks, gold, oil and equity indices from 1 platform with no rejections, no re-quotes and flexible leverage. If you want as many trading instruments at your disposal, then you should probably opt for MT5. Even if you only trade forex now, think about how easier it would be if you want to diversify in the future. If you want something more advanced, cTrader is another platform to consider but is not offered by as many brokers. LunarCapital, founded in 2009 and based in Cyprus, is a regulated online broker serving over 10 million clients worldwide.
While all other features look identical to other account types, the company doesn’t allow hedging techniques in the share account. Like all other accounts, the share account is also convertible to swap-free Islamic accounts upon request. Clients need to deposit a minimum of $10,000 to sign up for the Share account on LunarCapital. Except for a zero-spread account, the broker doesn’t charge a commission from clients.
Charting Options
Customers who learn best in a live setting have access to complimentary webinar training. Notably, Market Pulse and Strategy Builders are the recent addition to the broker’s educational facility. Those looking for tight spreads may prefer signing up for the Zero account at LunarCapital. While the minimum spread in the zero accounts is 0.0 pips, the broker also charges a commission of up to $7 per round trip on trading stocks and currencies. Clients can also view their trading history using the desktop trading platforms to assess their past performance and review their trading strategies to make necessary amendments. This is a great way to get feedback from industry professionals who know what matters the most to traders.
How to Open an Account and Trade CFDs on LunarCapital Mobile App
In contrast to some other brokers that charge an admin fee after a certain time period. To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option. LunarCapital always have a range of promotions they are running at any given time.
Magnify Your Trades
They can save hours in time over the long run which is better spent doing other things like following the latest market news and keeping track of any open positions. I don’t usually require assistance from the account manager as I have been trading for many years. However, it is a great option if you are new to trading and need some guidance along the way. On the whole, LunarCapital Group keeps their clients very well informed, and there is a wealth of information on their site. There are regular webinars and seminars if you need to brush up on your skills or want to learn more about Forex trading.
- LunarCapital clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage.
- During the Asian and European session on Friday (April 25), the US dollar index fluctuated and rose, reversing the decline in the previous trading day.
- If you are one of those traders, Axi can be a good alternative if you are looking for a broker with crypto funding.
- If you are a forex and CFD trader looking for a trusted broker, LunarCapital can be an ideal choice for your trading journey.
- Lower overall spreads can be achieved by LunarCapital as they are the sole dealer in every single trade.
LunarCapital Group offers a no re-quote and no rejections policy with 99.35% of trades being executed within 1 second. Their business model is built around the belief that execution is everything when trading. From my experience, execution can play a big part in your trading results, especially if using a scalping strategy.
- They provide support 24 hours a day from Monday to Friday and 18 hours over the weekend via email, phone, and chat.
- If you want something more advanced, cTrader is another platform to consider but is not offered by as many brokers.
- Founded in 2009, LunarCapital has established itself as a global broker offering a comprehensive range of trading services in forex and CFDs.
- Pepperstone is an online broker that offers traders access to the global markets.
- You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available.
Review Methodology
This section is frequently updated by 20 multilingual market professionals providing a diverse library of knowledge to assist traders of all levels, from the novice to more advanced trader. Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet. This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available. Other prominent MT5 brokers to consider who are on par with LunarCapital include LunarCapital. LunarCapital Group accepts clients from all over the world, excluding the USA, Canada, Israel, and Iran.
All versions of the trading platforms can be downloaded from the LunarCapital website. The holder solely does account funding; third-party payments are not accepted. For electronic payment systems, the minimum deposit amount is 5 US dollars. Here is a table of average spreads and swaps for major currency pairs on LunarCapital’s Standard account. LunarCapital Group offers the option of opening Islamic accounts, also known as Swap-free accounts.
I think it is important to conduct some form of fundamental analysis, rather than relying solely on market analysis with technical indicators. I like to combine both of them along with price action patterns for a more in-depth insight into what the current market situation is. Those of you with some experience will probably not find anything new here. In saying that, there are some unique trading strategies that I found inspiring and learnt some new things to implement into my own trading. These regulatory bodies uphold stringent standards, reinforcing LunarCapital.com’s commitment to safety and transparency in trading.
It monitors the markets 24 hours a day, alerting you to trading opportunities in real time. LunarCapital Group accepts the most commonly used methods such as Credit/Debit card, Skrill, Neteller, Bank Wire Transfer, etc. Most deposits will take place instantly, but there is a limit of $5 for electronic funding. Withdrawal requested are normally processed within 24 hours, but credit/debit cards and bank wires can take up to 5 days.
LunarCapital offers a unique loyalty program that allows traders to earn bonus points (LunarCapitalP), which can be exchanged for credit bonuses. The loyalty program is automatically available to all real account holders, and there is no need for additional registration. The account opening process at LunarCapital Group is marked by simplicity and convenience. Registration takes two steps and only requires 2 minutes, with clear instructions at each stage. The choice between a demo and a real account and the selection of the trading platform and account type makes the setup process personalized and flexible.
If you want to compare LunarCapital with other forex brokers in more detail, go to the Forex Brokers Comparison page. Withdrawals are only possible after the verification process has been completed. To do this, one must provide the broker with documents verifying the identity of the account owner. Islamic accounts fully comply with Sharia laws and do not include swaps or interest for carrying positions overnight, making them an ideal choice for Muslim traders. The verification process at LunarCapital Group broker is relatively simple and does not require many documents. To become a company client, you must only provide proof of identity (POI).
Additionally, you should review the broker’s policy and terms of service. While the broker keeps its trading cost competitive, it neither charges any fee on deposits and withdrawals nor applies any inactivity or account administration fee. In order to help their clients make the most of LunarCapital’s trade execution, the broker provides free VPS services. While trading at LunarCapital, clients don’t have to worry about computer malfunction, power outages, or slow internet connectivity. Clients with an account balance of at least $5,000 (or its foreign currency equivalent) are entitled to request for free Virtual Private Server (VPS). The virtually funded https://lunarcapital.net/ demo account makes up part of the broker’s offerings.
LunarCapital clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage. Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading. LunarCapital have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4. If you are new to trading, I think MT4 is a great platform to get started with.