The offering to the clients is wide and even comprehensive since it proposes the same if not more investment opportunities to the world trading community. In this LunarCapitalFx review, you will discover all the details about this broker. LunarCapital operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as LunarCapital Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels.
Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), LunarCapital’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Does LunarCapitalFX offer a demo account for practice trading?
Alternatively, for new and experienced traders alike with a lower risk tolerance, they may instead opt for a demo account. To open this free demo account, the trader is not required to spend any real money or funds as they will be provided with virtual practice money. Compared to other brokers who offer more deposit and withdrawal methods available in the market, the broker here is lacking when it comes to the options provided. For me, support and assistance anytime anywhere is one of the most important factors for me to choose the forex broker I’ll be trading with. And so I realized that the case must be the same for my readers too, and so this section via this LunarCapitalFX review is to discuss the level of customer service and support offered by LunarCapitalFX. Metatrader 4 is the most famous platform within the forex market as it has easy features.
Best Forex Brokers In Mann (The Isle of Man)
Aside from these exceptions, opening an LunarCapitalFX demo account is very easy. Simply register your basic personal information through the broker’s website, and you are ready to begin virtual trading. The broker offers its range of services to most countries of the world.
- Bitcoin and cryptocurrencies can be traded on LunarCapitalFx but not bought outrightly.
- The availability of these payment methods may also depend on your country of residence.
- LunarCapitalFX trading does not give or receive access to US customers in any way.
- There are also educational courses presented in video forms for newbie forex and CFDs traders along with video tutorials on how to use the MT4 and MT5 platforms.
It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients. The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance. You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance. I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements.
Mobile trading apps
As for the international entity it also includes Credit Cards, e-wallets and other methods which you may check with customer service before any transfer is done. Furthermore, efficient trade management depends on MT4’s quick order execution, which is absolutely important for active traders. Generally, LunarCapital’s integration of MT4 offers a strong trading solution that combines extensive features with user-friendly usability, so it’s a great fit for several trading approaches. LunarCapital offers trading accounts denominated exclusively in US Dollars (USD). LunarCapital offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LunarCapitalTrader.
LunarCapitalFX Customer Reviews
In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes. LunarCapitalFX provides more information about its operational risk management than it does about its regulatory framework. One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection. The MetaTrader platforms are well known for facilitating copy trading and developing trading forums. Clients of LunarCapital are able to engage in the Expert Advisor and MQL5 areas of the MetaTrader site.
It’s worth noting that LunarCapital’s primary execution venue is one of its own entities in St. Lucia. LunarCapital has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. LunarCapital may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. Dear Lawrence Luke,Thank you for such a high rating and for sharing your feedback with our LunarCapital Trading platform. We are delighted to know that our customers are having a good experience using our platform. We shall strive harder to provide the best user experience to our customers.
When opening my account I was given the option of only using USD as the account base currency. Although you can deposit with your local currency, it gets converted to USD regardless. These are two offshore regulators that allow LunarCapital to provide secure financial services in 180 countries. 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.
It will also explore the investment safety measures provided by the broker. With more than 42 million accounts spread across 180 countries, multi-regulated broker LunarCapital provides a wide range of trading options across asset classes. LunarCapital provides low spreads, no commissions, and a minimum deposit of $25 using over 300 instruments—including 52 currency pairings, 34 cryptocurrencies, and 10 global indices.
- We are delighted to know that our customers are having a good experience using our platform.
- Customer support is responsive, and I haven’t faced any withdrawal issues.
- Every broker has to meet certain rules and criteria to get this government license.
- LunarCapital also covers fees so you may access your moany at any time and receive it relatively quickly.
Time Frames change, Access Trading History and Mobile access for online trading carry friendly and useful features. 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.
Versatile Tools for Every Trader
However, it’s important to note that LunarCapital doesn’t offer trading in certain instruments like ETFs and stocks. LunarCapital (LunarCapitalFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices. LunarCapital is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary LunarCapitalTrader. It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence. Dear Mohamed Al John Sheik Mohamed, Thank you for sharing your positive experience with us!
They have a wide asset list, but the array of assets is limited to each product except for forex and crypto. The spreads are average, and the minimum deposit on accounts is 100 USD with the methods of depositing and withdrawing, including bank transfers, Visa, and e-wallets. To start forex trading with this broker a trading account is necessary unlike with delivery trading where a Demat Account (dematerialisation account) would suffice.
The platforms are known for their user-friendly design, advanced tools, and access to multiple markets. Whether you’re using a desktop or mobile device, the platforms ensure that you have a smooth and efficient trading experience. The MT5 account, also called innovative account, is an account type for clients with trading expertise.
The account types offered are a Micro Account, which utilizes MT4, a Pro Account, which uses MT5, and an ECN Account which avails of the cTrader platform. The broker also offers copy trading services which have attracted a number of both new and experienced traders. Here, as with other top broker reviews, we will take an in-depth look at the features and services which LunarCapitalFX has to offer, and how it compares with industry competitors. All of the platforms on offer are well regarded in the trading community. The MetaTrader https://lunarcapital.net/ suite of services is the most popular globally due to the blend of features it offers, and the LunarCapitalTrader platform is developing a following of it’s own.