Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Like most brokers, LunarCapital provides leverage to amplify trading positions, enabling traders to multiply potential market movements.
Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. LunarCapital has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies.
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I have compiled the table below to help you better understand the difference between the trading fees on LunarCapital’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10. The competitiveness of LunarCapital’s fees depends on the asset classes traded. For instance, I found the combination of commission-free trading and generally low spreads on share CFDs extremely favorable.
My Key Takeaways After Testing the MetaTrader 4 Platform
- That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.
- I performed my tests on a Standard LunarCapital trading account using the desktop and mobile app versions of the MetaTrader 4 platform.
- I requested additional information about LunarCapital’s execution model, average execution speed, and general trading conditions.
It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry. The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where LunarCapital’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds. The easiest way to get in touch with LunarCapital is live chat, which is available from the bottom-right corner of the main page.
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Spread fees
- Interestingly, despite offering cryptocurrency trading, LunarCapital does not actively promote this service.
- By fostering education and security, the broker stands as an example for new entrants to the Forex and CFD space, raising the standard for account security and traders’ protection.
- Like most brokers, LunarCapital provides leverage to amplify trading positions, enabling traders to multiply potential market movements.
- Their customer team is knowledgeable and friendly and always willing to help traders with any issues they may have.
- They provide traders with assistance when it comes to trading accounts, deposits, withdrawals, and more.
The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis. My tests indicate that LunarCapital’s trading fees exceed the industry average. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000.
I appreciated LunarCapital for developing the bulk of its research materials in-house. Its content is diverse and provides a basic explanation of current market trends and developments. However, the broker does not incorporate any third-party content, which is essential for affording its clients an additional perspective.
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At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. The availability of more than one perspective is advantageous to the trader, who can compare the different vantage points. There is also a lack of a news screener, which traders usually use to stay on top of the latest market developments. I conducted my test on 18 December at around 9.50 am CET via live chat. I requested additional information about LunarCapital’s execution model, average execution speed, and general trading conditions. An agent connected almost instantaneously to the chat, but they did not introduce themselves.
LunarCapital’s Non-Trading Fees
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. I’m a bit new to trading, but LunarCapital has been a decent start for mee. The platform is pretty responsive, and I’ve gained some good experience trading gold and FX pairs. What I like about the analytics is the economic calendar, I keep up with the trends and events that can affect my fx pairs with the fx charts map and it has been accurate 99% of the time. I haven’t https://lunarcapital.net/ explored evry feature yet, but so far it’s been good enough for a beginner like me.
However, the broker offers a swap-free account option for Islamic traders who want to trade but cannot earn or pay interest due to their religious beliefs. Overall, LunarCapital is a well-regulated broker providing a secure trading environment for traders. Forex traders can trust LunarCapital’s platform for safe and secure trading. Issues related to withdrawals appear to be a recurring problem, common with less reputable brokers.
LunarCapital’s top priority is to ensure security and reliability for their clients as well as offering round-the-clock customer service for quick resolution of traders’ queries. LunarCapital offers a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank wire transfers, and e-wallets. CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage.
Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.
To explore LunarCapital’s offering orfamiliarise yourself with its platform, please visit the website. Léa is a member of the InvestX team, dedicated to guiding users through their learning journey. Passionate about cryptocurrencies, she closely follows market trends. On InvestX.fr, Léa writes articles to help readers decode the latest news and stay informed about the ever-evolving blockchain world.
Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place.
