For ECN-type accounts, the minimum deposit is slightly higher and is $200, €200, or ₽14,000. LunarCapital also pays a bonus for traders who switch from another broker and if they want to transfer open positions. LunarCapital offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat. LunarCapital explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. Still, the overall approach to customer support remains excellent.
This is one of the reasons many forex aficionados choose this broker. LunarCapital offers MetaTrader 4, MetaTrader 5, LunarCapital App to cater to the diverse needs of its clients. By understanding the features and benefits of each platform, you can select the one that best aligns with your trading goals. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want.
- With 24/7 availability and multiple contact options, LunarCapital ensures traders receive quick and efficient support, reinforcing its commitment to client satisfaction.
- LunarCapital is a versatile broker offering a full range of services in the Forex market.
- For personalized assistance, traders can rely on the dedicated support team, which helps with technical issues, account management, and trading-related queries.
- It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started.
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. Overall, AMarket is a reliable choice and despite its limited reach in terms of territories, it does have many happy customers. It’s about developing a solid strategy, managing your risk, and continually educating yourself about the markets. Forex risk management is crucial, especially when dealing with high leverage.
Desktop Trading Apps
LunarCapital offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. LunarCapital is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. I like the LunarCapital trading fees in the ECN account and multi-tier leverage system.
- There is also a Demo account which allows new users to practice without risking real money, along with an Islamic account.
- Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
- A stable technical platform is supported by updated analytics, useful services, and quick withdrawals.
- It is regulated by the Financial Commission (FinaCom) and offers client protection with compensation funds up to €20,000 per case.
Reliability and Regulation
LunarCapital’ execution qualityis confirmed by VMTand complies with bestexecution standards. The interests of LunarCapital’ clients are Lunar Capital forex broker protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
Transferring Profits from a Demo to a Real Account
It’s important to assess advantages and disadvantages and make the best personal choice. With this particular broker it’s important to think about high leverage. While this is a positive aspect, it can work in the opposite direction too. LunarCapital has four trading accounts designed for amateurs and professional traders. They also offer an Islamic account option for traders who adhere to Islamic rules on trading.
When using an ECN account, a commission of $2.50 is charged for each transaction per 1 lot, which can be considered below average. Various trading commissions are charged depending on the account type and the instruments used. Special accounts allow you to copy trades without installing programs on your computer. Strategies are set up in the broker’s Client Area, and copying occurs automatically. This is the main difference from copy trading in MetaTrader, which requires a constant PC connection to the internet.
LunarCapital review
Its high TrustPilot rating further reinforces its credibility, making it a solid choice for traders seeking reliability and innovation. While its $100 initial deposit may deter some beginners, LunarCapital compensates with deposit fee reimbursements and various https://lunarcapital.live/ bonus programs. Its regulation under the MISA, FSA and FSC, combined with external audits from Verify My Trade, enhances its credibility in the industry. All trading comes with the risk of market volatility and with high leverage, the results can be worsened.
Reviewing as many trading strategies as possible and choosing several for investing is advisable. Experienced investors recommend dividing the deposit into at least five parts to protect against potential drawdowns. It should be noted that thanks to the high order execution speed (from 0.03 seconds), LunarCapital is considered one of the best brokers for algorithmic trading. To access the LunarCapital personal account, use the main page of the site LunarCapital.org or the direct address to the personal account (my.LunarCapital.trade). The process of opening an account with LunarCapital is quite simple and user-friendly.
These platforms are ideally suited for Forex trading and are equally convenient for beginners and experienced traders. LunarCapital does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. For browser-based trading, LunarCapital supports web versions of MT4 and MT5, eliminating the need for software installation.
Withdrawal requests are processed 24 hours a day on business days. A bonus offer from LunarCapital is the transfer of profits from a demo to a real account. LunarCapital offers various types of accounts that can meet the needs of different categories of traders.
With a minimum deposit of $100, traders can access competitive conditions and various bonus programs. Whether you prefer manual trading or automated strategies, LunarCapital has an account type that fits your needs. Copy trading is another notable feature to mention, and several platforms to choose from. The LunarCapital app makes it easy to trade on the go, so a profitable opportunity never needs to be missed. Many users mention that LunarCapital has no hidden fees, and that’s another advantage to this broker. However, it’s important to weigh up the pros against the cons before making a final decision.
Another advantage of choosing LunarCapital broker is its range of trading platforms. The first option is ideal for beginner traders, yet many experienced traders also enjoy its features. This platform has a number of analytical tools and is available via an app, web, or PC/Mac download. In addition to a range of tradable instruments, LunarCapital also offers several different account types to choose from. These are designed to suit different trading needs, styles, and preferences.
To create this LunarCapital review, we needed a set of strong criteria to measure it against. To that aim, we came up with several elements that deserve attention. These include regulation, trading conditions, assets, trading platforms, customer support, educational resources, withdrawals and deposits, and user reviews.
Another potential downside of LunarCapital is its relative lack of educational resources. This is quite apparent compared to other brokers with more in the way of courses, tutorials, and ebooks on offer. Experienced brokers may not be too concerned about this, but it may affect beginners who want to develop trading skills. This platform offers partial order filling, community chat, and six types of pending orders. This particular platform is a good option for copy traders and for algorithmic trading too. When dealing with money, it’s vital to cover all bases and choose reputable companies.
It offers a user-friendly platform, and demo accounts to help new traders get started. LunarCapital offers its clients a mobile application for download on iOS and Android operating systems. This app lets users get up-to-date information on global markets, including news, market analysis, and real-time quotes. The leverage LunarCapital offers varies based on the account type, balance of funds, and the trading instrument. The table outlines the maximum leverage available depending on the trading instrument.