Lunar Capital Broker Review 2024: Is Lunar Capital a Good Broker? ️
They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors. They also have Lunar Capital web trader which allows you to trade through your web browser without the need to download any software. Futures CFDs are available on several assets including Precious Metals, Palladium and Platinum, Energies, Brent, London Gas Oil, Natural Gas, WTI Oil and WTI Oil mini. Lunar Capital processes withdrawal requests within 24 hours after submission. Withdrawal requests are declared to be processed instantly by their Artificial Intelligence Back Office System, based on algorithmic parameters.
Wide Range of Trading Assets
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. We recommend that you visit Lunar Capital website to confirm their offerings and chat with their customer support to answer any questions you might have to help you decide if you want to trade with them.
This average customer rating is based on 24 Lunar Capital customer reviews submitted by our visitors. Compare the markets and instruments offered by Lunar Capital and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
Watch my video walk through of the Lunar Capital app below to see how it looks and feels, as well as how to place a trade. We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute. Lunar Capital is unable to accept clients from the United States of America, Canada, Israel and Iran. Lunar Capital are regulated by several top-tier authorities across its various regions, including CySEC (120/10), FCSA (49976) and DFSA (F003484).
- Any statements about profits or income, expressed or implied, do not represent a guarantee.
- The only exception is for wire transfers, where Lunar Capital covers deposit fees only for transactions over $200.
- According to their website, standard ultra offers a higher minimum lot requirement.
- On the other hand, educational videos, online webinars and tutorial guides make the educational section look quite promising.
- You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets.
- The “Tradepedia” education section has 39 videos which are divided down into seven sections.
The Disadvantages of Forex Trading with Lunar Capital
Trading platforms are based on MetaTrader 4 and 5 which are known for their reliability and advanced trading features. Our overall experience trading on Lunar Capital has been positive, with consistently fast execution on trades. The primary sources of income for Lunar Capital are spreads and trading commissions. The spreads at Lunar Capital, which include a mark-up, start from as low as 0.6 pips. The required minimum deposit for the Lunar Capital Islamic account varies, ranging from $5 to $1000.
All retail clients with Lunar Capital Ultra-Low Accounts, Micro Accounts, or Standard Accounts have a stop-out level of 20%. For their global approach, Lunar Capital has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access Lunar Capital via this link. Each one of these three can be set up for swap-free trading which complies with Shariah law. Lunar Capital offers its clients everything they need to trade and a chance to improve their chances of success.
Is Lunar Capital a good broker?
- The company is overseen by multiple regulatory authorities, including CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) and DFSA (Dubai).
- Since I became a pro trader, I believe that fundamental knowledge and risk management are not to be underestimated.
- In addition, there are very well-organized tutorials, videos and tools at your disposal.
Lunar Capital covers all deposit and withdrawal transfer costs for payments. Lunar Capital’s zero-fee policy also applies to any deposits and withdrawals above $200 that are processed by wire transfer. The broker does not offer cryptocurrencies to trade, neither it allows cryptocurrencies as a mode of payment. For crypto payment, you may wish to consider FXPRIMUS as an alternative option.
Lunar Capital Main Features
Each year, we collect thousands of data points and publish tens of thousands of words of research. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! The Lunar Capital customer services team benefits from global operations and can be reached in 27 different languages.
What’s the minimum deposit?
The broker also provides a number of platforms for all kinds of traders. Lunar Capital ensures that the individual needs of all traders are met to the best of their capabilities. They offers trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. Their outstanding array of resources will be beneficial for the majority of traders.
Lunar Capital offers a low barrier to entry, enabling traders to commence with a modest initial investment,starting from just $5. Overall, Lunar Capital’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies. The reason for such high numbers is that Lunar Capital strives to provide one of the best user experiences in the industry to its clients. This impressive growth has not gone unnoticed as the broker has scooped several prestigious international awards. Let’s start with the slight negatives, Lunar Capital Group only offers MT and MT5 as a MetaTrader broker, they do not have their own platform and the pricing is average, with not particularly tight spreads.
In this case, traders can choose to fund their account via bank transfer, credit card, or e-payments like Skrill and Neteller. Another specialty of Lunar Capital broker is the availability of free (no fee) deposit and withdrawal options. Lunar Capital also offers swap-free Islamic accounts to shariah practising traders. Since the company doesn’t charge interest on overnight positions, clients can trade their preferred financial instruments without going against their religious beliefs. Although Islamic accounts are not offered as a stand-alone product, clients can request the company to switch their conventional account types to Islamic ones. There are 1,500+ Lunar Capital trading instruments and the broker seems committed to providing first-rate services in the foreign exchange market.
For day traders seeking even lower spreads, the Lunar Capital Zero account provides spreads starting from 0.0 pips with a small commission per trade. They’re available 24/5, so I’ve always been able to reach out during market hours, no matter my time zone. What’s great is that the support team offers multilingual support in 25 languages, which is helpful for traders from different parts of the world. This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently.
Pepperstone and Lunar Capital segregate all client deposits from corporate funds and offer negative balance protection. Both brokers have an excellent regulatory track record spanning 15+ years. Therefore, I rank Pepperstone and Lunar Capital as equally secure and trustworthy. During my Pepperstone review, traders received 1,350+ assets versus 1,000+ at Lunar Capital, but both brokers offered Forex and cryptocurrency trading.
You can even listen to podcasts where professional traders are being interviewed and learn from their experiences. Overall, Lunar Capital have an excellent offering when it comes to market analysis and education. At Swagforex, our mission is to empower traders with reliable, insightful, and educational content on forex and financial markets. With years of industry experience, our team is dedicated to providing valuable resources to help you make https://lunarcapital.net/ informed trading decisions.
Lunar Capital is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus. From the previous discourse, it can be concluded that the largest-selling point of Lunar Capital broker is its trading reliability across a diverse range of forex markets. To maximize client convenience, Lunar Capital has also provided various versions of the MetaTrader 4 and MetaTrader 5 trading platforms. The disadvantages mainly come from additional issues that do not directly influence the quality of trading conditions, except maybe for the lack of customer support for the weekend. We will discuss the broker’s regulations, verification processes, deposit & withdrawal options, minimum spread, maximum leverage, online trading fees, and investment safety measures. Lunar Capital offers multiple account types with varying trading requirements to accommodate traders of all skill levels.
Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in Lunar Capital are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade. 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. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups.