Overall, the differences are rather minimal, and which account type you choose is ultimately a question of your personal preference. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. Lastly, low spreads, user customized account types, 0% commissions, fast payouts and a rich educational library are the company’s strong points.
Deposit Options and Fees
All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer.
The LunarCapitalFX registration process requires email verification, basic identity details, and account preferences—no documents needed upfront. With a rating of 4.4 out of 5 after 3.9K+ reviews, the company reputation speaks for itself regarding legitimacy concerns. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators Lunar Capital scammers like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS).
All reviews
Despite these drawbacks, LunarCapitalFX remains a solid choice for active traders. The LunarCapital broker has tried to adapt its conditions as much as possible to the various trading strategies used by traders. However, at the moment the company is more focused on active market participants, rather than passive investors. I’ve been generally satisfied with the withdrawal process, which is usually prompt. Customer support was responsive, but a heads-up from them would have been appreciated.
You can search for a profitable trader and invest in their trader one by one. It is also possible to diversify your portfolio by investing in more than one trader for better risk management. LunarCapitalFX offers a choice of two different account types, LunarCapitalFX MT4, and LunarCapitalFX MT5. In our opinion, LunarCapitalFX MT4 is perfect if you are new to only trading or more experienced and have a preference for minimalistic yet sophisticated trading tools. An LunarCapitalFX MT5 account is perfect if you are a more innovative trader. Below you will find an overview of the key similarities and differences between the two account types.
- We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
- Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading.
- The exceptions to this rule are the United States, Belarus, Brazil, Myanmar, Cuba, Cyprus, Iran, Iraq, Kazakhstan, Libya, Niger, North Korea, Russia, Sudan, Syria, and Ukraine.
How are Execution, leverage and position sizing with LunarCapitalFX?
While the utility of such a feature can’t be understated, especially for novices seeking to mimic the moves of seasoned traders, it didn’t quite satiate my appetite. Copy trading has its merits, offering a modicum of safety and predictability. Yet, when juxtaposed against investment portfolios and PAMM accounts, its profitability does seem to wane a bit.
We hope to continue meeting and exceeding your expectations.Kind regards,LunarCapital Rep. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LunarCapital’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. From among the trading systems known as “Master Traders” to copy on LunarCapital’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends.
The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. Additionally, the LunarCapital platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation. Alerts and each executed order are notified through browser notifications.
LunarCapitalFX Islamic Account
I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the LunarCapitalTrader and MT4 only offer 32 pairs. Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. The deposit options with LunarCapital are decent, giving you multiple ways to fund your account with no deposit fees. The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit.
WebTrader is a popular and convenient trading platform like MT4 and MT5. This trade allows traders to trade through browsers from anywhere. LunarCapitalFX is a reliable broker and has been on the market for more than 11 years now. The company has clients from over 180 countries and has earned 60 industry awards, according to its website. We can confidently say, LunarCapitalFX is a safe option to deposit your funds, but is it also the most suitable one for you and your needs? After testing the platform with our own money and comparing it to hundreds of other sites, here are our pros and cons.
- It includes 21 timeframes and over 80 technical indicators, therefore enabling thorough market analysis.
- With a rating of 4.4 out of 5 after 3.9K+ reviews, the company reputation speaks for itself regarding legitimacy concerns.
- You may know that there is no guarantee of making money in online FX trading.
- It has several entities around the world and provides services by industry standards.
A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The range of tradeable assets is diverse enough for my trading needs, though adding a few more might appeal to broader audiences. I’ve had uninterrupted trading experiences both on the desktop and mobile apps.
User reviews
LunarCapital does have a proprietary mobile app for trading, as well as for social copy trading (the LunarCapital Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Check out my picks for the best mobile trading apps in the industry. The recent raids further uncovered that LunarCapitalFX used url masking methods to disguise the identity of payment gateways and evade regulatory detection. It was also discovered that nearly 50 per cent of user funds were diverted from the LunarCapitalFX platform to mule payout accounts. These accounts were used to disburse money under the false pretence of e-commerce refunds, chargebacks, vendor payments, and so on, effectively concealing the actual flow and purpose of the funds. During the June 13 raids, the federal agency seized various incriminating documents and digital devices that showed how the platform duped investors.
However, this stricter regulation limits clients’ access to higher leverage levels. The economic calendar, pip calculator, and other tools are integrated within the app, while the web version contains links directing users to external pages. The “Space” section allows users to see https://lunarcapital.vip/ posts on various topics directly on the web, but the configuration for the topics is set in the mobile app.
Elevate your trading game with LunarCapitalFX as we simplify commodities trading for you. Delve into the intriguing world of gold, silver, crude oil, and a spectrum of other commodities with our expert assistance. Commodities represent tangible assets you can trade, encompassing metals like gold, silver, platinum, and copper, as well as energy resources such as crude oil and natural gas. The allure of commodities for traders lies in their limited correlation to the volatile swings of currencies and the stock market.
The platform allows users to trade forex, cryptocurrencies, indices, and commodities on some of the most popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. LunarCapitalFX is particularly known for its low fees, competitive spreads, and user-friendly platform. Established in 2011 and located in London, LunarCapitalFx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account.
LunarCapital handles customer queries through multiple channels including a live chat function, email, and phone support. In terms of commodities, LunarCapital presents opportunities to trade in energy products, precious metals, and others. For those interested in trading indices, LunarCapital provides access to some of the world’s major indices. Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs. LunarCapital offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes.
The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature. Ultimately this means you will have access to an extensive range of tools and indicators depending on your platform choice. There are a total of 51 charting indicators provided, and 31 drawing tools also. Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Even though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips.