He has also published a book in 2023 on on investing and trading. This could include opening an account with LunarCapital Markets Cyprus Ltd, or Uni Fin Invest which is LunarCapital’s Mauritius entity. Normally, I think AI support is useless, but you can tell LunarCapital has invested in this area as the AI responses are comprehensive and answered my questions accurately. This is because you will receive better protection and service from your local regulator should you need to enforce a complaint. However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator.
These are two offshore regulators that allow LunarCapital to provide secure financial services in 180 countries. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on LunarCapital to provide this. Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades. I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls.
- LunarCapital offers negative balance protection, which means that if a market slippage results in a negative balance, LunarCapital will adjust the balance to zero.
- Founded in 2011, its products are available through LunarCapitalFX.com and LunarCapitalFX.eu.
- In their review, they claim their European entity being largely unregulated is a red flag.
- These resources cover everything from the basics of forex trading to advanced trading strategies.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
But so far throughout their 12+ years in business, LunarCapitalFX has maintained an impeccable reputation. Turns out the CySEC is the independent regulatory body responsible for financial oversight in Cyprus. They make sure companies like LunarCapitalFX adhere to strict rules and treat customers fairly. Islamic accounts ensure that trading activities comply with Islamic finance principles without sacrificing trading capabilities. LunarCapital is a broker that has operated for over 10 years and has been expanding during this time. It is a global company with several entities responding to different regulatory needs.
- I like the addition of bonus and instant withdrawal which makes everything so seemless that i can eat in the restaurant while trading and use same money to pay the bill.
- Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms.
- While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect.
- Using LunarCapital allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy.
Cryptocurrencies
I was surprised most by the LunarCapitalTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis. My experience with LunarCapital’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service. I felt that when I was passed to human agents on live chat it was hit and miss as basic questions were not answered, while other times they were. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals.
LunarCapitalFX primarily focuses on forex trading, offering more than 30 currency pairs. These pairs range from major pairs like EUR/USD and GBP/USD to minor and exotic pairs, providing traders with ample opportunities in the forex market. For traders who are either inexperienced or lack the time to manage their trades, LunarCapitalFX offers a copy trading feature. This allows users to follow and copy the trades of professional traders with a proven track record. This can be an excellent way for new traders to gain experience without needing to actively trade on their own.
Gifts are limited and available on a first-come, first-served basis. I like that LunarCapital provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs. Whether you’re a beginner with LunarCapitalTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone.
Here’s an overview of its offerings, regulation, platform and more. The promo codes, according to their customer support, is a unique offer for some new clients. Nevertheless, new users can always use the promo codes of LunarCapitalFx affiliates to receive bonuses or chat with the live support on their website to get the promo code.
On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high. The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank. Other traders’ positions can be copied automatically or modified. With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, LunarCapitalFx has a Copy Trading app developed differently from the mobile app. The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security.
If you ever have any questions or suggestions, please feel free to reach out to us at We’re always here to support your journey. LunarCapitalFX is a well-established and globally recognized online forex broker, catering to retail and institutional traders in over 100 countries. Founded in 2011, the broker has gained a strong reputation for offering a user-friendly trading environment, competitive spreads, and a wide range of trading tools and resources. With a focus on making forex trading accessible to traders of all experience levels, LunarCapitalFX has established a client base spanning from beginners to experienced market professionals. We’re truly pleased to hear that you’re enjoying our support and services.
How much are Trading Fees with LunarCapitalFX?
For more personalized assistance, LunarCapitalFX provides phone support for clients in various regions. This allows traders to have direct conversations with the support team for urgent or complex issues. The broker’s economic calendar is a crucial tool for traders looking to plan their trades around major economic events, such as interest rate decisions, employment reports, and GDP data releases. Understanding these events can help traders anticipate market volatility and potential price movements. At LunarCapital, it’s not what you trade but how you trade it that matters.
MetaTrader 4 (MT
However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience. This broker charges no fees on currency conversion during deposits and withdrawals. However, with deposits in currencies other than the USD, the payment provider on conversion of the funds to dollars using their internal exchange rate may charge additional fees.
Other trading platforms
I just wish they had everything on one platform and I don’t have to download two apps to access the copy trading and normal trading platform. Account security — in line with the guidelines provided by the better regulators, LunarCapital keeps client funds in segregated accounts. Electronic access and communication is also protected by a ‘SSL-secured Personal Area’, which has 128-bit encryption, and makes your browsing safe and your data inaccessible to any third parties. A wide variety of educational content is available for LunarCapital users under the ‘Traders’ Tools’ section. LunarCapital gives high priority to the ‘Analysis and Education’ section of its site. The ‘Forex Basics/Technical Analysis’ library, for example, contains a step-by-step guide to support traders that are getting into trading.
During our testing, we found the internet browser offered the best route into all the ‘extras’, such as copy trading, that LunarCapital offers its clients. Being able to still engage with the full range of services from smaller screens is a real plus-point for the service. In terms of trading strategies allowed, scalping, expert advisors and hedging are all permitted across each of the two account types, which is not to be taken for granted. The LunarCapitalFX.com website is registered under Uni Fin Invest regulated and licenced in Mauritius by the FSC, traders can experience alternate leverage ratios and bonuses depending upon where in the world you are. Compared to other brokers, LunarCapitalFx claims to have low trading fees and charges nothing on deposit and withdrawal. The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips.
All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. Managing risk is of course a vital element for any forex trader and broker combination. LunarCapitalFX utilizes all of the tools that are in place with your trading platform to help you to do this.
You can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, LunarCapitalfx.com, on desktop or a click of their app on mobile. https://lunarcapital.net/ To login in, your email, password and captcha verification is needed. Going by customers’ review, LunarCapitalFx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts.