Open Account

Importantly, iy accepts all trading styles and Expert Advisors (including scalping robots) without restrictions. A wide array of charting tools is now at hand to support your trading activity – 30 of your favourite technical indicators, various time frames and real-time updated market prices. Now it is that easy to power on your trading plan through your iPhone/iPad/iPod Touch or Android. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business.

Customer Support

Overall, the asset selection is both impressive and more than ample for new and intermediate traders. If you haven’t logged into your LunarCapital account in a while, your LunarCapital account is considered inactive. If you want to avoid being charged for LunarCapital inactivity fees after a longer period of time, you need to be strategic about the LunarCapital trading activity you engage in. Open CFD positions incur overnight fees each night, Monday through Friday, for the duration of their holding period. On Fridays, most stock, ETF, and index CFD traders are hit with a threefold increase in their weekend fee.

Recommended Brokers:

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 Lunar Capital cheating traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills. LunarCapital offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads.

• A wide variety of different financial services companies like LunarCapital all charge brokerage fees.
• Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies.
• It fully supports automated trading and is one of the most versatile trading platforms available.
• I do feel slightly let down that the LunarCapital demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires.

During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like LunarCapital with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. 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. For example if your LunarCapital account base currency is USD and your funding method is EUR or GBP, you will be subject to a currency conversion fee from your LunarCapital deposit method used.

What Can I Trade?

LunarCapital was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. On the downside, LunarCapital’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. The overall trading environment at LunarCapital features a low cost structure and competitive asset selection, . LunarCapital lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits.

I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LunarCapital transparently displays on its website. MetaTrader 4 is one of the most popular forex trading platforms in the world today. All the necessary trading tools and resources are on hand to allow traders to conduct research and analysis, enter and exit trades and even use third-party automated trading software (Expert Advisors or EA’s). MetaTrader uses its own programming language MQL4, which allows you to program your own automated trading robots.

One of the standout benefits of LunarCapital is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. There are no commissions and tight spreads sourced directly from liquidity providers. While testing LunarCapital, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips. LunarCapital is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders. During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives.

LunarCapital’s Transaction Fees for Cryptocurrency

LunarCapital does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I started my career in investment banking in London as an FCA-approved person. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available.

• Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks.
• Here is a screenshot of the LunarCapital quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
• Investigate the LunarCapital fee structure they use for their other investment vehicles to determine whether or not LunarCapital fees are competitive.
• Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so LunarCapital is behind the competition here.
• Whether you prefer MT4’s trusted simplicity or MT5’s extended functionality, both apps deliver the power of desktop trading in a mobile-optimized experience.
• Since its inception, MetaQuotes has built an unrivalled reputation for innovation, consistently delivering intuitive and powerful trading platforms, services, and solutions for market participants worldwide.

I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence https://lunarcapital.net/ of trading psychology negates the educational value. LunarCapital maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY.

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. LunarCapital offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes. The broker provides access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets. LunarCapital’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets. With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions.

Traders are able to move cryptocurrency holdings from the LunarCapital trading platform to their own personal LunarCapital crypto Wallet. If you hold a position in a LunarCapital CFD overnight, you are subject to a small payment with LunarCapital known as an overnight fee, which is also known as a LunarCapital rollover fee. These LunarCapital charges are a direct result of the supply and demand dynamics that are influencing the financial markets. LunarCapital makes it simple to determine the cost of the LunarCapital spread when trading virtually any instrument, including Forex, Minors, Majors, Exotics, Indices, Metals,. LunarCapital, in contrast to the vast majority of other brokers, does not factor in the fractional pip when calculating Forex, Minors, Majors, Exotics, Indices, Metals, spreads. The difference between the Forex, Minors, Majors, Exotics, Indices, Metals, bid and the ask price fluctuates depending on the LunarCapital financial instrument, asset class, and position.

LunarCapital is regulated in Cyprus and the Comoros, and client funds are held in separate accounts. However, profits can only be withdrawn to a bank account or a crypto wallet. Bank transfers are subject to a US$500 minimum threshold and incur fees in excess of US$30. Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs.

Having tested hundreds of forex brokers, I feel that the LunarCapital’s education section is fairly average, with a decent range of materials available but nothing that stands out. Our team highly rates LunarCapital’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. I like LunarCapital’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LunarCapital simple for beginners. LunarCapital holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade.

The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. The account stands out as a competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch.