The website is jam-packed with content to give traders the most assistance they could ask for on their journey. This is prompt and fairly standard across the industry but still a good response. If you are a trader that comes under the LunarCapital Global entity (Belize regulation) you can have a Shares Account which means that you can trade the underlying company shares (ie. not just the CFDs). There are 100 to choose from and are all major US, UK and German companies.
- It would be advisable to check the fund transfer charges with them before funding your account.
- These markets can be highly volatile, offering numerous tradingopportunities.
- Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners.
- The commodity offering is at least in line with the industry standard with 15 different commodities to trade.
Swap Fees:
This is bending the truth slightly and is probably an attempt to make up for the lack of proprietary platform or options other than the ubiquitous MT4/MT5. Inactivity fees are another of the important non-trading fees that you can incur. All brokers want you trading, and when a trading account lies dormant, they begin to incur inactivity charges on the account. These need to be measured by how long your account can lie dormant before being charged a fee and secondly how high the fee is. We believe that LunarCapital scores poorly on the length of the dormant period allowed, but scores well on cost. We believe that LunarCapital’s spreads are reasonable but not as competitive as some rival brokers.
While both LunarCapital entities provide a comprehensive range of trading options, specific offerings may vary due to different regulatory requirements. LunarCapital offers Islamic swap-free accounts, featuring no swap or rollover interest, unchanged spreads, no upfront commissions and traders can hold positions indefinitely. 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. For more experienced traders, the Zero accounts offer https://lunarcapital.net/ commission-based trading with lower spreads.
- Here is a table of average spreads and swaps for major currency pairs on LunarCapital’s Standard account.
- Continue reading the review to learn all the details about the LunarCapital broker and determine if it meets your requirements and expectations.
- Both the LunarCapital research and educational offerings are of a very high quality and quantity.
- Some traders also point to problems with bonuses and account closures without explanations.
- The Micro account is best suited to beginners, with the standard account being ideal for flexible traders.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. The management team have hosted hundreds of seminars in over 120 cities to educate traders.
The minimum deposit required is just $5 whilst you can choose between no commission accounts with marked up spreads or pay a $3.5 commission charge to get variable spreads starting from 0 pips. Leverage depends on the financial instrument traded and on client’s country of residence. MT4 still has long been the trading platform of choice from all types of trades across the globe.
He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. To delete your LunarCapital account, you need to contact LunarCapital’s customer support and request account closure. Here is a table of average spreads and swaps for major currency pairs on LunarCapital’s Standard account. 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.
Discover Our Traders’ Favourites
These tools are fully automated and can help you to perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities. This makes it quick and easy for you to identify trading signals without needing to constantly stare at your charts all day and night. I am always on the lookout for new trading tools which can help make my market analysis more accurate. Sometimes I can go through hundreds before finding something that I will implement into my day trading activities. I am impressed with these indicators and certainly see how they can help spot market movements.
Based in Cyprus and regulated by reputable bodies like ASIC in Australia and CySEC in Cyprus, LunarCapital has earned a strong reputation for its low minimum deposit, competitive spreads, and excellent customer support. With a diverse range of account types and instruments, LunarCapital caters to both beginner and advanced traders. MetaTrader 4 stands as an advanced trading platform that has established itself as a standard tool for experienced Forex traders, facilitating trade execution even in the absence of an active device. It is characterized by its intuitive user interface, an extensive array of technical analysis tools for prognosticating market trends, live updates on currency prices, and a host of additional features.
LunarCapital Customer Service and Support
For this privilege, traders will have to pay a commission of $3.5 (both in and out) for every 1 Lot traded. (See Trading Costs for a comparison of the spread versus commission account models). To help facilitate the customer service that LunarCapital offers its clients from around the world, it claims to have support in over 30 languages.
Account Types
They do not compromise on trading performance which ensures they offer some of the lowest spreads and fastest execution speeds whilst remaining versatile to ensure you can trade in comfort. Both the LunarCapital research and educational offerings are of a very high quality and quantity. This is ideal for bother beginner and intermediate-traders and would probably even appeal to more advanced traders.
Deposits
This is an impressive selection of stock CFDs and is beyond the offering of most brokers. Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available. The spreads are not the best you can find, but trading costs can be reduced with the zero spread account.
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.
However, it should be noted that LunarCapital reserves the right to require adequate justification to open such an account. This may include providing documents or other evidence confirming the client’s religious beliefs. Beginners should initially work on an LunarCapital demo account to assess their potential.
These platforms are available on desktop, web, and mobile devices,offering traders advanced charting tools, technical indicators, automatedtrading via Expert Advisors (EAs), and more. LunarCapital offers access to a wide range offinancial instruments, allowing traders to diversify their portfolios and takeadvantage of opportunities across global markets. With over 1,400 instrumentsavailable, LunarCapital ensures that traders have flexibility in their tradingstrategies. LunarCapital provides variable spreads starting aslow as 0.6 pips for major currency pairs, such as EUR/USD, on standardaccounts. For traders using the LunarCapital Zero Account, spreads can drop to 0 pips,with a small commission applied per trade. This flexibility allows traders tochoose the cost structure that best aligns with their trading strategies.