With a rating of 4.4 out of 5 after 3.9K+ reviews, the company reputation speaks for itself regarding legitimacy concerns. Coming to leveraged overnight holdings, the broker charges no swaps. Traders on Lunar CapitalFX can also use CFDs to access trading on stock indexes. At present, Lunar CapitalFX can support three primary cryptocurrencies – Bitcoin, Ethereum and Litecoin.
MetaTrader 4 web platform
- Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders.
- While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed.
- Lunar CapitalFX is licensed and regulated by FSA SVG license number #19776 IBC 2011.
- A lot of brokers consider them mutually exclusive, so only offer one, if any at all.
Investors can benefit from trading on the most popular market indices such as NASDAQ, Eurostoxx 50, Dow Jones etc. All of the platforms on offer are well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the Lunar CapitalTrader platform is developing a following of it’s own. It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others.
MetaTrader 4 charting tools for technical analysis
Clients are allowed to trade their favorites, and at that, with low spreads. A Stop Loss order allows traders to limit the loss on a position. It automatically closes when the price reaches a certain non-favourable level you can set in advance. Using a Stop Loss order protects your funds from the worst-case scenario. You can use the calculator to manually choose the Stop Loss level for your order.
Most clients have reservations about the company’s legitimacy. In their review, they claim their European entity being largely unregulated is a red flag. According to a member on Reddit, Lunar CapitalFX occupies the security commission’s list of platforms to avoid. However, some users have appraised the company, claiming they had good trading experience and fast withdrawal. Deposits made to trading accounts must therefore be made from bank accounts in your name only.
Currency Conversion Fee
- Bonuses of 10%, 20% or 50% can be claimed on each deposit with Lunar CapitalFx but there are even bigger bonuses available during holidays and other limited-time events.
- The MT5 account, also called innovative account, is an account type for clients with trading expertise.
- It helps you make informed decisions and control your results.
- Lunar Capital trading app is quick, offering low spreads, fast withdrawals, and a 0% commission.
While this might seem inconvenient at times, it’s essential for ensuring the security of your money. In order to make your learning process with Lunar Capital more engaging, we suggest to train on MetaTrader 4 Demo Account to win real money. Register for Lunar Capital’s long standing Forex Demo Contest, which has a $1,000 prize fund and lasts for a month.
Lunar Capital gives a high priority to analysis and education for both new and experienced traders to its platform, having won a couple of awards in 2023 for ‘best education broker’. All the background materials are of high quality, and the videos are supported on YouTube. While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed.
Lunar Capital is a global broker, who offers a new take on certain aspects of the retail brokerage space. Founded in 2011, its products are available through Lunar CapitalFX.com and Lunar CapitalFX.eu. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. They are fees necessary for trading, which users must pay before or during trading. Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform.
These two minor points do not detract from the trading experience, and Lunar Capital can be congratulated for so effectively shaking up the broker space. Platform choice ultimately comes down to personal preference, but Lunar Capital has signalled its intent by offering its clients the choice of two market-leading platforms. The service provides tutorials, which explain how this is done and primes traders to run a cBot and use the free algorithms made available to them. This section of the site is well supported by the Customer Services and the Education sections of the site.
Review
Established in 2011 and located in London, Lunar CapitalFx 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. It will also explore the investment safety measures provided by the broker. Opening a MetaTrader 4 demo account is the best way for a new trader to check out the platform, get familiar with the tools, and learn trading techniques. The account works like a real account, except it allows you to trade with virtual funds rather than real money.
Various account types on the 3 platforms have different deactivation dates as stated below. According to the Lunar CapitalFx website, the broker does not charge any fee on deposits and withdrawal. They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply.
It utilizes cloud servers to backup accounts and keep a centralized tab on all of them. Upgrading to a live account requires a bit more leg-work but is by no means arduous. Payment options include VISA, AWEpay, bitcoin, FasaPay, local bank deposits, local bank transfers, Neteller, Paytm, Skrill, UnionPay.
With this knowledge, we created our platform to help you make money through smart and well-controlled investments. MT5 has 44 analytical objects, including Gann, Fibonacci retracements, Elliott Tools, Geometric Shapes, and more. Apply objects on charts manually, set calculation parameters, and customize the appearance of graphical objects according to your taste. The number of instruments on offer is relatively limited, and areas of the site could do with being more transparent as it can be hard to pin down certain facts. The broker has recently given up its regulatory license with the Financial Conduct Authority in the https://lunarcapital.net/ UK.
Experienced traders often use MetaTrader 4 demo accounts to test new trading strategies before using them in real trading. The MetaTrader 5 trading platform offers numerous templates and profiles to enable traders to change the colour schemes and analytical objects applied on the chart. MT5 has 21 timeframes for all financial instruments, and provides more than 80 popular analytical tools, as well as the ability to construct charts based on other indicators’ data. There are a lot of additional services to complement the trading interface. The research and learning sections, for example, are of a very high standard and the in-house copy trading service is a neat addition. But the core of the Lunar Capital offering is the provision of convenient, efficient, cost-effective access to the markets.
Yes, it offers a referral program where users can get to invite friends for incentives. The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot. To change the leverage on Lunar CapitalFx, users first have to login to their trading account. Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save. The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips.