In reality, you will get 24/5 customer care support via live chat, phone, or email and start trading without being afraid of extra platform fees, commissions, and higher spreads. To trade with an LunarCapital broker a trader doesn’t need to pay any commission charge even though the deposit process is completely free. Without any kind of fee required an investor gets lots of trading facilities featuring the MT4 platform, a wide range of trading instruments, advanced Forex tools, and attractive Forex offers.
- Phone support is particularly useful for traders who prefer verbal communication and need swift responses to time-sensitive matters.
- LunarCapital offers a suite of advanced trading platforms designed to meet the needs of both beginner and professional traders.
- This pales in comparison to detailed in-house analysis provided by industry leaders like IG.
- Certainly, LunarCapital stores its clients’ funds safe and uncontaminated from its corporate money.
- For instance, the broker is allowing different trading strategies like hyperactive, scalping, news trading, and so on.
- 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.
LunarCapital maintains a transparent and straightforward fee structure by primarily charging competitive spreads, with minimal or no additional fees such as commissions or overnight swaps. Unlike many other brokers, LunarCapital does not impose non-trading fees, including withdrawal or inactivity charges, depending on the account type. This transparent approach ensures that traders only need to consider the spreads when calculating their trading costs, simplifying expense management without the worry of hidden fees or unexpected charges.
Forex Spreads
That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. Once you take the leverage on offer from your broker, you must meet the obligation of this liability. Whether the transaction wins or loses, you must pay for the principal amount.
LunarCapital supports almost every popular and local deposit and withdrawal payment method. And if you are a regional trader of the broker then you will get assistance with marketing plans and even support in marketing budgets. Unlike other brokers, LunarCapital.com broker is fully open-minded to allow different strategies. For instance, the broker is allowing different trading strategies like hyperactive, scalping, news trading, and so on.
- Traders are advised to visit the LunarCapital website to verify whether their country is eligible for trading on the platform.
- LunarCapital deposits are out of any fees which means you can deposit any amount of money without paying attention to its correlated costs.
- Brokers will allow you to push the leverage limits if you have enough margin in your trading account to cover the exposure.
- LunarCapital frequently updates its deposit bonus offers to align with market trends and trader needs, providing ongoing opportunities for enhanced trading capacity.
- Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, LunarCapital’s ECN XL account provides a solid, flexible option.
What is a Margin Call?
Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, LunarCapital’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. LunarCapital’s investment offering is excellent for forex traders but weak in other departments. LunarCapital runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. Your portfolio and any live forex positions may become liquidated if you don’t have enough margin because you’re trading at the limits of leverage. Before the advent of leverage, only the wealthy or institutions could trade markets.
Cryptocurrencies
The details of the spread structure are elaborated in the next section. LunarCapital stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, LunarCapital provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. LunarCapital offers a variety of convenient deposit options, ensuring that traders can fund their accounts quickly and efficiently. For cryptocurrency users, LunarCapital provides an added benefit with up to a 10% discount on each deposit made via crypto.
Phone Support
LunarCapital does offer a https://lunarcapital.space/ helpful economic calendar, but improvement is needed. Other platforms like Interactive Brokers provide broader data streams and insightful content. LunarCapital also has profound educational lines- eBooks, technical analysis, blogs, signals, and indicators. As a new trader, you won’t feel overwhelmed on how to start trading and how to apply or develop a trading strategy.
Deposit and Withdrawals
Traders from these regions are prohibited from opening accounts or accessing LunarCapital’s services. For a complete and updated list of restricted countries, traders are encouraged to check the LunarCapital website. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example.
LunarCapital’s desktop trading platform is MT4 and MT5, available for Windows and Mac. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders. Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, LunarCapital’s ECN XL account provides a solid, flexible option. However, missing stocks limit its appeal compared to others like Forex.com, which provide more options. To trade on the LunarCapital platform a trader doesn’t need to pay any commission fees, deposit fees, or account platform fees. Moreover, when it comes to deposits a trader can start trading with any amount since there’s no fixed rule on depositing a certain amount.
LunarCapital Withdrawals Options and Fees
LunarCapital offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. 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.
Platforms & Tools Details
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, LunarCapital guarantees a secure trading environment for all its users. Traders are encouraged to review the broker’s comprehensive legal documentation to gain a thorough understanding of its compliance policies and regulatory adherence. 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.
Below, we will explore these fees in more detail, helping traders understand how they might impact overall profitability. The LunarCapital Trader Mobile Platform offers traders full access to all trading instruments and tools without the need for any downloads. Accessible through any browser, it provides a seamless trading experience regardless of the operating system you’re using. Whether on iOS, Android, or any other device, you can enjoy the full functionality of the platform.