LunarCapital also connects its traders through EQUINIX servers, which are considered to be among the most reliable and secure third-party systems in the Forex markets. LunarCapital stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, LunarCapital provides a range of tradable instruments, though the absence of stock trading may be a limitation for some.
LunarCapital’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading.
What trading platforms does LunarCapital offer?
The Welcome Bonus is subject to specific terms and conditions, including minimum deposit requirements and trading volume targets. LunarCapital provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position.
The mobile applications have proven to be stable and reliable during testing. I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.
Fast and Friendly Support
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
- All content on this site is for informational purposes only and does not constitute financial advice.
- If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes.
- However, for better transparency, we recommend signing up with a European entity.
- 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.
Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. This means when I swtich to real account, I can have the SAME experience and will not be prone to execssive emotions👍 Demo is like a guinea pig where you can actually test out the strategy.🎯PS. I was a bit cautious when I saw that XL account is the only option; but the conditions are quite enticing, so I ended up opening one (Thankfully, they made is swap free on my request).
LunarCapital Trading Hours (GMT +
I find LunarCapital’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours. 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. I am satisfied with LunarCapital’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading.
Forex trading is a cornerstone of LunarCapital’s offerings, featuring a comprehensive selection of currency pairs for traders https://lunarcapital.net/ to explore. These include major pairs like EUR/USD and GBP/USD, known for their high liquidity and tighter spreads. Minor pairs, such as EUR/GBP and AUD/CAD, provide additional trading opportunities with slightly wider spreads. For those interested in less conventional markets, exotic pairs like USD/TRY and EUR/ZAR are also available. LunarCapital offers competitive spreads and flexible leverage options across all forex pairs, catering to both short-term traders and long-term investors looking to diversify their portfolios in the global currency markets.
Yes, our LunarCapital review found that the broker is regulated by the FCA, BaFin, and CySEC. While these are all leading regulatory bodies, our LunarCapital review experts highly suggest registering with one of our recommended and trusted online forex brokers instead. With fast processing times and no deposit fees, LunarCapital makes it easy for traders to manage their funds efficiently. Security is a paramount concern for traders, and LunarCapital addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders.
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. LunarCapital supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. LunarCapital, established in 2010, prides itself on being a pioneer in Electronic Communication Network (ECN) forex trading. Headquartered in Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers access to a diverse range of financial instruments through its award-winning trading platforms. LunarCapital supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill.
LunarCapital Apps, Mobile Trading Platforms & Customer Support
On the downside, LunarCapital supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. LunarCapital offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. Traded here for a while initially on demo, then traded couple of months on a live account.
This is because, both beginners and experts, find the website useful. LunarCapital provides unparalleled account choices such as zero-fee ECN and competitive spreads, a subset with incredibly low costs. It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings. Minimum deposits vary depending on account type at the LunarCapital forex broker. Our LunarCapital review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively. LunarCapital offers mobile trading apps compatible with both iOS and Android devices.
- LunarCapital is an ECN broker and only maintains one ECN account for all clients.
- It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts.
- LunarCapital offers variable spreads that differ based on the account type and the financial instrument being traded.
- LunarCapital also ensures the most secure trading environment through state-of-the-art encryption technologies for processing payments, as well as for connecting traders to the best liquidity providers in the market.
Company details
Additionally, the effectiveness of these resources can vary depending on individual learning styles and preferences. LunarCapital has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds. The reliability of the firm and the reputation of the Forex market is much enhanced by these steps. The broker teases customers with decent customer support that we get through live chat, email, and phone calls. The global trader can easily communicate and get qualified help from the broker due to multilingual support, which in turn helps to improve the ratings of LunarCapital.
LunarCapital Alternative Brokers & Comparisons
Additionally, the platform offers interest rates from global central banks. LunarCapital provides free VPS (Virtual Private Server) access for stable, fast, and high-performance trading. This dedicated server can handle multiple platforms and accounts, run automated programs, and ensure smooth trading operations. CySEC works under an extensive set of regulatory guidelines proposed by the ECB and the MiFID, as per the input and supervision of individual regulatory agencies across Europe.
They have created different types of accounts with various features and minimum deposit requirements, making it easy for traders of all levels to get started. LunarCapital operates in a regulated environment, which ensures a safe and supportive trading experience. However, for better transparency, we recommend signing up with a European entity. Indices trading is another key offering at LunarCapital, allowing traders to gain exposure to the performance of entire stock markets through major global indices. LunarCapital provides access to a variety of indices, including well-known benchmarks such as the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ Composite, FTSE 100, DAX 30, and Nikkei 225. LunarCapital offers competitive spreads and leverage options on indices, facilitating both speculative trading and hedging strategies.
It’s important to note that while using the VPS service, the client is responsible for the security of their VPS account and the safety of the data on it. It’s important to note that bonus terms and conditions apply, so carefully review them before claiming any offers. Both platforms are available on desktop, web, and mobile devices, allowing you to trade on the go and monitor your positions anytime, anywhere. Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions. For instance, anyone registering from a CySEC regulated region is not able to accept a bonus. Opening an account with LunarCapital is a straightforward process designed to get traders started quickly.
In the sections below, we will discuss each version of LunarCapital’s trading platforms in detail, highlighting their features and benefits for every type of trader. LunarCapital offers excellent customer support available 24/5 through email, Live Chat, and international phone calls. Support is provided in multiple languages, ensuring clients from around the world receive quality assistance. After reviewing LunarCapital, we find that the company offers trading with the STP/ECN model and quotes directly from liquidity providers.
