We equip our clients with all the essential forex trading tools needed for success, including access to MetaTrader 4 and MetaTrader 5 forex software. LunarCapital offers a universal trading account called ECN XL, which features zero commissions and raw spreads starting from 0.0 pips. There is no minimum deposit requirement, and traders can convert their accounts into Islamic accounts for swap-free trading.
What Do the Overnight Fees for LunarCapital Look Like?
LunarCapital lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. With assets such as commodities, the costs of holding such assets overnight or through the weekend is high hence negative swaps will usually be observed on both long and short positions.
How do I deposit money into a LunarCapital account?
Swap fees are also charged because trade positions on forex brokers’ platforms are always leveraged with the broker’s fund in order to maximize potential gain. Digital payment methods like PayPal, NETELLER, and Skrill offer fast access to funds, although fees may vary based on the amount being withdrawn. Cryptocurrency withdrawals offer flexibility, with fees ranging from 0% to 5% depending on the coin and network conditions, along with a fixed $15 service fee. This variability gives traders a chance to choose the most cost-effective withdrawal option that fits their needs. 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.
- The Company reserves the right to change the level of swap rates application to the CFDs according to the rates of the liquidity providers.
- That said, LunarCapital has made notable improvements since my last review, especially in fee structure and execution quality.
- On the other hand, Credit/Debit Card withdrawals are subject to a 3% fee for amounts below $300, which is standard in the industry for smaller transactions.
- LunarCapital’s ECN XL account is a nice touch—it mixes raw spreads with zero commissions, giving traders a solid pricing edge.
- One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment.
Overview of Trading Platforms
LunarCapital’s primary ambition is to equip our clients with the requisite tools to hone their skills and relish an unparalleled trading experience at every phase of their voyage. The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users. LunarCapital provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. A wide variety of different financial services companies like LunarCapital all charge brokerage fees. LunarCapital fees are charged to their customers in order to maintain LunarCapital customer accounts.
- Overall, I consider LunarCapital a strong choice for cost-conscious traders who value speed and simplicity.
- The ebooks, in particular, stand out for their depth and coverage of key trading concepts—making them a valuable resource for learners.
- This structure minimizes conflicts of interest, as LunarCapital does not trade against its clients.
- The broker doesn’t charge deposit fees, and while some withdrawal methods may involve third-party processing fees, LunarCapital has your back—it reimburses those fees when you fund your account.
Is LunarCapital regulated?
Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis. An inactivity fee of $5 per month is applied after three months of no trading activity.
Unlike Dealing Desk brokers, LunarCapital never opposes client trades, ensuring a seamless and transparent trading experience. The potential for stop loss hunting or spread widening is meticulously eliminated. In essence, LunarCapital is more than a broker; it is a reliable partner in your trading journey, always ensuring that you have the right tools and environment to succeed. Utilizing the MetaTrader 4 and MetaTrader 5 platforms, LunarCapital provides flexible trading systems, extensive technical analyses, algorithmic and mobile trading for various devices.
LunarCapital supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience.
While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. With no minimum deposit, high leverage, and low trading costs, LunarCapital is ideal for beginner traders and demanding seasoned ones alike. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using…
Client Fund Segregation: A Pillar of Trust
The service is available for free to accounts with a funded and maintained balance of at least $2,500 that also achieve a monthly traded volume of at least 30 lots. In my opinion, MT5 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. LunarCapital incorporates MetaTrader 4 and MetaTrader 5 for desktop, web, and mobile trading. The two platforms are the most popular among retail traders and have high functionality. LunarCapital also provides free Virtual Private Server (VPS) hosting for low-latency trading.
This arrangement is an integral part of our security apparatus, aimed at fortifying our clients’ confidence. Once these steps are completed, traders can access their account and begin trading immediately. LunarCapital does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument.
You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. LunarCapital’s MT5 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more. I was glad to see that LunarCapital has maintained its competitive pricing since my last review—and in some cases, like with the EURUSD pair, it’s even improved. According to LunarCapital’s LinkedIn page, the broker employs between 11 and 50 professionals—a typical size for a company of its scale. This includes how long they’ve been in business, the size of the company, and how openly they share important information.
Web Trading Apps
Lending money to LunarCapital margin traders and earning interest on LunarCapital customer deposits are the two primary ways that zero commission brokers generate revenue. Some LunarCapital critics say that this https://lunarcapital.net/ is is a strategy to entice LunarCapital customers into paying for additional services that they don’t need, when trading with LunarCapital. LunarCapital stands out with its unique ECN XL account, which blends features of both Classic and Raw accounts. In some cases—like with the EURUSD pair—spreads can drop to 0.0 pips, allowing traders to open positions with virtually no cost. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. LunarCapital also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
My only gripe with the platform is that its charts feel rugged and outdated compared to newer and sleeker trading stations. Since LunarCapital is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. If the underlying swap rate of the pair is higher for the purchased currency versus the currency that is being sold, interest might be earned if the position is held overnight. The initial swap is based on the entry or spot price of the loan which could be a 2.5 dollar entry spot price.
LunarCapital lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and LunarCapital is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. 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. As we have already noted, the amount of the swap fee depends on which financial instrument you are trading.
