However please be aware that some fees may be applied in certain cases. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee. Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. Overall great value with a choice of more than 70 assets to trade. We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, LunarCapitalFX would be a top choice.
A demo account is perfect for beginners to learn trading basics or for experienced traders to test new strategies. The LunarCapitalFX mobile app is available for both iOS and Android devices. It allows users to access their trading accounts, place orders, and manage their portfolios on the go. The app has received positive feedback for its intuitive interface and responsive performance. LunarCapital offers trading accounts denominated exclusively in US Dollars (USD). The broker’s range of forex trading products is limited to MT4, MT5, and LunarCapitalTrader but still provides a service to every trading style thanks to the MetaTrader options.
Taking a look at the CFD markets available from LunarCapitalFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type. With that said, they still offer good value in terms of trading conditions.
The LunarCapitalFX Masters fee is applied if you are copy trading with the broker. This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be. When it comes to spreads and commissions, LunarCapitalFX works both with floating and fixed spreads. The floating spreads can start from 0 pips depending on your account type.
- Dear Andreas Djunaedi Sutandar, Thank you for taking the time to share your feedback with us.
- The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed.
- This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making LunarCapital a truly low-cost broker by avoiding these fees.
- We generate revenue through banner advertising and affiliate partnerships, which do not influence our impartial reviews or content integrity.
Currencies accepted for deposits/withdrawals
As for account management, I found the deposit and withdrawal services to be fast with same-day funding and withdrawals with no fees. As for education, I found LunarCapital provides a consistent stream of webinars with professional traders through a live trading session aimed at all levels. You can experience an “over the shoulder” session with a trader which is helpful to get professional feedback on current market events. I opened an LunarCapital trading account and tested the broker’s spreads, trading conditions, and platforms to see how they performed against 20 other brokers. In this LunarCapital Review, I’ll go through my findings helping you decide if LunarCapital is a broker you should consider.
- These are, EUR within the EU, and both EUR, and USD for traders outside the EU.
- Clients are, however, not allowed to withdraw from their accounts unless the account is verified.
- LunarCapital provides live quotes and detailed spread information on its website.
- The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week.
- During our testing, we did find that when we scaled up into maximum position size, we were able to get very close to using up our maximum margin capacity when executing.
Tailored for All Traders
Luckily, LunarCapitalFX offers a decent selection of top cryptocurrencies so I could dive right in. My only wish is that LunarCapitalFX offered PayPal withdrawals globally. But overall, I’m satisfied with the payment flexibility LunarCapitalFX provides. Funding and withdrawing is quick and free across the methods I use regularly. And I personally tested their customer service response times and was seriously impressed. By the end of this review, you’ll know exactly what to expect from LunarCapitalFX and whether or not they are a legit and reliable broker to trade with.
The spreads for both the MT4 and MT5 accounts are floating and start at 0.7 pips. Clients using the LunarCapitalTrader, MT4 or MT5 account do not have to pay swaps. The live chat option on the LunarCapitalFX website is available 24/7 and offers quick assistance. This is ideal for traders who need immediate help with issues related to account management, technical issues, or trading.
Leverage
LunarCapitalFX runs various promotions for new and existing clients, including deposit bonuses, trading contests, and seasonal offers. These promotions provide traders with additional funds and opportunities to enhance their trading experience. LunarCapitalFX offers a wide range of educational resources for beginner traders.
This physical office presence is still quite light compared with other major brokers, but LunarCapitalFX does offer trading worldwide. The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips.
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In this sense, LunarCapital offers swap-free trading in its purest form. LunarCapital offers platform versions for both Windows and Mac desktops. LunarCapital offers attractive pricing, with clear and understandable fees. MetaTrader is further renowned as one of the most comprehensive platforms in this area. You can further benefit from one click trading, the ability to order directly from charts, and regular price alerts. You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported.
With 300 markets I found LunarCapital provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. LunarCapitalTrader is the most basic option but best for beginners out of the three platforms in my opinion with an attractive user interface. In particular, it has a Pattern tool that lets you apply a variety of technical analysis on your charts automatically which is useful if you are new to forex trading. As an ECN (Electronic Communications Network) broker, LunarCapital delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network.
Founded in 2011, its products are available through LunarCapitalFX.com and LunarCapitalFX.eu. Bonuses of 10%, 20% or 50% can be claimed on each deposit with LunarCapitalFx but there are even bigger bonuses available during holidays and other limited-time events. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. While not a household name, I’m comfortable with the CySEC keeping a close eye on LunarCapitalFX. Their oversight helps ensure LunarCapitalFX operates responsibly as a licensed forex broker. It also means traders have recourse if any issues ever did arise.
At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. The company currently has a proprietary trading platform known as LunarCapitalTrader. Furthermore, LunarCapitalFx has an easy-to-use app which is also available on Android and IOS devices. This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. LunarCapitalFX offers a range of trading platforms that cater to traders of all levels.
Trading Hours
Since entering a very competitive market eight years ago, it has built up a client base of almost one million traders and won a host of industry awards. Such success is built on developing an approach that is, first and foremost, trader focused. Platform choice ultimately comes down to personal preference, but LunarCapital has signalled its intent by offering its clients the choice of two market-leading platforms.
They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply. However, with deposits using bank cards, your card https://lunarcapital.net/ issuer may charge some fee for processing the transactions. You want to know someone has your back when you’re getting started.