As for education, I thought LunarCapital did a good job at presenting the basic concepts of forex trading through an online video course. I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time. When choosing my account the broker offers three options which are essentially the same Standard account but used for different trading platforms. LunarCapital offers more than 300 trading instruments across its accounts, including 52 Forex pairs and 277 CFDs, encompassing indices, commodities, and cryptocurrencies. Additionally, approximately 30 cryptocurrency assets are available (also during weekends). Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
I found all platforms LunarCapital offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website. You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. I opened an LunarCapital trading account and tested the broker’s spreads, trading conditions, and platforms to see how they performed against 20 other brokers. In this LunarCapital Review, I’ll go through my findings helping you decide if LunarCapital is a broker you should consider. LunarCapital offers trading accounts denominated exclusively in US Dollars (USD).
In this blog you’ll find practical guidance, unbiased reviews and much more. Let me tell you through this LunarCapital fx review that the broker was authorized and regulated by the UK’s Financial Conduct Authority (FCA) until recently. That is, FCA requires some strict rules that agents must adhere to in order to obtain the license. For instance, the brokers must hold at least £730,000 in tangible assets to prove their financial stability. In addition, they have to keep client funds must be held in segregated accounts separate from the company’s operational funds. LunarCapitalFX offers a reasonable selection of trading instruments, including currency pairs, cryptocurrencies, commodities, and index CFDs.
- LunarCapital also operates under other entities that are regulated by lower-reputation organizations.
- This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals.
- LunarCapital affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets.
- It also provides for detailed analysis with market reports and more to offer.
The amount experienced a slight deduction due to conversion fees, but no additional charges were applied. After selecting this option, we entered the amount, wallet address, and a security PIN (sent via email during the account setup with LunarCapital). The request was completed in under a minute and did not require sending an email or notifying customer service.
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The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters. There are master accounts for traders who want to offer their strategies as signals or for followers who wish to copy signals. This can be a good solution for those of you who don’t have the time or knowledge to trade manually. However, there can be no guarantee on how good or bad the signals will perform. I personally like to maintain full control over my trading as I feel like you can become a better trader in the long run when you learn from your mistakes.
Minimum Deposit
LunarCapital affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency. The available methods vary depending on the client’s residence and may include local bank transfers. LunarCapital does not charge deposit fees, and processing times range from instant to a few days. We aim to make trading accessible to everyone, providing traders with superior conditions and top-notch security.
Starting at 0.6 pip on main currency pairs like EUR/USD for all three account avialable at International trading, the broker offers reasonable spreads. For traders—especially scalpers—this low spread structure is helpful since it lowers the total trading expenses and increases profit possibilities. LunarCapital broker offers three account types available at International porposal that also define trading conditions by the platform that is used for trading itself. Conditions are also based on enityt, as EU account offering is different.
Do expect longer time for customer service
Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading. There is also an availability of multiple trading tools and indicators, which serves to enhance clients’ trading experience and help them trade confidently. The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week.
In addition, LunarCapital provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues.