Although increasing your margin could boost your market exposure, it also raises your vulnerability to losses. It’s always nice to have extra security tools thrown in and Lunar Capital provides more than most. The Lunar Capital technical environment is monitored 24/7 by a dedicated team of highly professional security engineers and technical specialists.
Moreover, the support representatives are trained to address both technical and account-related queries effectively. With timely follow-ups and a commitment to your satisfaction, you can feel confident that any concerns you have will be met with thorough attention and expertise. Additionally, be aware of inactivity fees if your account remains dormant for an extended period. Understanding these factors can help you make informed decisions and maximize your trading returns. Many traders appreciate the flexibility offered by Lunar CapitalFX in terms of account options.
We covered all the critical first steps – from opening accounts properly to analyzing currencies charts to managing trading risks. Lunar Capital doesn’t charge fees for withdrawals, but your bank or e-wallet provider might. Now, let’s talk about how to get that money out of your trading account and into your pocket. It is important to add that as a beginner, you can also use Lunar Capital’s copy trading instead, which allows you to automatically copy experienced traders’ positions. We have a complete Lunar Capital copy trading review you can check out later. With 24/7 availability, multilingual support, and comprehensive resources, Lunar CapitalFX ensures traders receive the guidance and help they need at any time.
- One aspect to watch out for is Lunar CapitalFX’s non-trading fees, which can impact your overall trading experience.
- They focus on delivering not just fast responses but also comprehensive guidance tailored to your specific situations.
- We are constantly improving our product to make your trading experience better.
- It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others.
Lunar CapitalFX is an online forex, and CDF trading broker awarded the Most Reliable Broker Asia 2023 at the Global Forex Awards. In order to make your learning process with Lunar Capital more engaging, we suggest to train on MetaTrader 4 Demo Account to win real money. Register for Lunar Capital’s long standing Forex Demo Contest, which has a $1,000 prize fund and lasts for a month. To participate in this contest, simply register for a new Demo account. There are prizes of $500, $300, and $100 for the first, second, and third positions, respectively.
The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks. The broker has its proprietary trading platform known as Lunar CapitalTrader, which operates on web and mobile versions. In addition to this, Lunar CapitalFx is one of the MetaTrader 4 brokers and also offers the MetaTrader 5 platforms to traders. MT4 and MT5 are the gold standards when it concerns automated trading solutions.
Completing the KYC Process:
You can choose from various types of accounts, each tailored to meet the needs of different trading styles and preferences. Lunar CapitalFX offers 24/7 customer support through live chat on the broker website. However, it lacks other customer care support resources, including email and phone support.
The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed. The Lunar CapitalTrader platform is innovative, modern, and very well suited for beginners. There is an element of simplicity that you find in many of the more bespoke platforms designed for the modern user that many will enjoy.
The broker operates under licenses issued by reputable authorities, ensuring that you, as a trader, can engage in trading activities with a certain level of trust and security. An extensive range of support channels is available to users of Lunar CapitalFX. Whether you prefer reaching out via live chat, email, or phone, the platform ensures that you can connect with a representative whenever required. This flexibility is designed to cater to your individual preferences, offering you convenience in accessing support. Trading on Lunar CapitalFX generally involves minimal fees, spreads from 0.6 pips. Note that Lunar CapitalFX does not charge users for any deposit or withdrawal.
This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. Lunar CapitalFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment. Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions. Lunar Capitalfx’s low minimum deposit requirements allow everyone to easily trade. Although the minimum varies per jurisdiction, it is relatively a low sum.
Available Withdrawal Methods
The ‘Forex Basics/Technical Analysis’ library, for example, contains a step-by-step guide to support traders that are getting into trading. This guide ranges from a glossary of the basics to videos on the important question of which time frame to adopt. 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. This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out. Lunar Capital is as confident about its financing costs as it is its execution fees.
In-built strategy tester features
As per the recent updates, Lunar CapitalFX and other international brokers have been put on the alert list by Indian authorities because they were operating illegally. MetaTrader 5 scalping allows you to turn many small profit opportunities into a big one. MT5 has 44 analytical objects, including Gann, Fibonacci retracements, Elliott Tools, Geometric Shapes, and more.
Easier trading with MetaTrader 4
It offers not only a wide range of trading asset platforms but also additional perks like deposit bonuses, SSL security, negative balance protection, and more. Moreover, the broker is highly regulated under two top-tier financial watchdogs, including CySEC and FSA, making the broker platform a reliable place to trade. The broker offers a 50% deposit bonus on all account types except Islamic and demo accounts. Suppose your deposit amount is $400, so the number of trading lots should be at least 100, which means you can withdraw the deposit amount after 100 lots.
- Clients can, on creating and funding an account, find, follow and copy these leading traders at will.
- Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities.
- By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.
- Lunar Capital Markets Incorporated is based at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.
- At Lunar Capital, it’s not what you trade but how you trade it that matters.
The availability of these payment methods may also depend on your country of residence. Lunar Capital’s market research is well organized and varied in its content. Rather than specializing in any one field, Lunar Capital provides a wide assortment of content types. However, when https://lunarcapital.net/ compared to research leaders IG, Saxo, and CMC Markets, Lunar Capital has room to enhance its research offering. For instance, I found that the content on the Lunar Capital Blog is not updated daily across all categories. Yes, it offers a referral program where users can get to invite friends for incentives.
With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators. Automated trading helps traders enter and exit positions much faster than manual trading. The MT4 platform offers the highest security standards to protect traders’ funds.
Lunar CapitalFX stands out as a versatile and cost-effective broker, appealing to traders across various experience levels. Established in 2011, it has built a strong reputation for offering competitive trading conditions, robust platforms, and a user-friendly environment. With regulation by CySEC and the Mwali International Services Authority, traders can trust Lunar CapitalFX for secure and compliant operations. Both platforms are available on desktop, web, and mobile devices, ensuring seamless trading across various operating systems. They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
This diverse portfolio makes it a popular choice among retail and professional traders alike. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. However, for live account types, clients must complete the KYC process before initiating positions or withdrawals. Below is the step-by-step guideline of registering with the broker via desktop.