We have been fairly impressed with the customer service provided. Support is available 24/7 which stands up well against competitors we have tested. This copy trading tool allows traders to choose an investment manager to manage their funds and make investments on their behalf. The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades. The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival LunarCapital when it comes to the number of trading products.
LunarCapital Deposits and Withdrawals
There are 50 currency pairs available for trading on this account in addition to indices and commodities. LunarCapital is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. Diving deeper into the different trading accounts under LunarCapital the amount may vary.
Does LunarCapital Offer Low Forex Trading Fees?
Choosing a safe and reliable broker is essential for successful trading. There are various factors to consider when making a decision, but the safest brokers are well-regulated ones. The participants get rewards for each registration and deposit to the account made by an attracted trader.
LunarCapital aims to verify accounts within 24 hours, subject to the provision of all required documents. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. https://lunarcapital.space/ Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
- Choosing a safe and reliable broker is essential for successful trading.
- This is a requirement of financial regulators that LunarCapital are monitored by.
- Likewise, the firm offers an iBROKER Mobile App for futures traders.
It is worth noting that LunarCapital has a margin call of 100% and a stop-out level that is triggered when your account falls below 50% of the required margin. Our content production team (text, images, videos, software, Chrome extensions, audio, etc.) works independently. All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. LunarCapital does not accept traders from the USA or Canada, along with other restricted regions such as Iran, Syria, Yemen, and North Korea.
What trading platforms does LunarCapital support?
Also, the minimum amount to open a futures or margin account is $2,500. And for a pattern day-trading account, no surprise here, the minimum is $25,000. The results from our assessment show that LunarCapital is a good forex broker.
Forex Tools
With trading platforms compatible with Windows and Mac desktops, LunarCapital ensures non-mobile traders have a comprehensive trading experience in the desktop environment. The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD.
This diverse offering allows traders to access multiple markets and implement various strategies. The competitive spreads starting from 0 pips and low commissions further enhance the broker’s appeal. Traders looking at LunarCapital, who want access to more advanced trading features may be required to make higher minimum deposits. The additional trading features from LunarCapital or from more premium trading accounts may help a traders investment strategy. If these premium trading features are not requires trading accounts with lower or no min deposit requirements may be sufficient. Check to see how LunarCapital compares with other brokers in terms of trading features and minimum deposits.
Interactive Brokers Review
We are opposed to charging ridiculous amounts to access experience and quality information. If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly. Also, we provide you with free options courses that teach you how to implement our trades as well. LunarCapital is a regulated broker in the EU by the Cyprus Securities and Exchange Commission (CySEC).
- All information provided is for educational purposes and is not investment advice or buy/sell recommendations.
- These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
- Traders should carefully review these before participating in any promotional offers.
- Regulation of a trading company instills confidence in traders as they are sure their money is safe.
- LunarCapital is regulated in Cyprus, offering more than 30,000 instruments for trading.
Free Trading Courses
It also allows clients to work with stocks, bonds, and futures for traders using an MT5 account. Other accounts include Forex and CFD Standard account, the ECN accounts, and the Forex Demo Account. This cause the brokerage to charge a fee for the above-named services. The brokerage fee at LunarCapitals is a percentage of the transactional amount.
We can comfortably say that the minimum expected deposit for LunarCapital ranges between $100 to $100,000 depending on the trading account of the user. LunarCapital offers different trading accounts to its customers so as to accommodate different kinds of customers. Admittedly, the registration process for LunarCapital is rather cumbersome. LunarCapital has solid trading platforms and competitive commission fees. If you’re an experienced active day trader, you may find that LunarCapital has better rates than your current broker. Other things to consider include the interest they pay on your uninvested funds, the type of securities offered, the initial investment required, etc.
With its regulatory oversight, LunarCapital offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, LunarCapital is for the pragmatic trader seeking simplicity and efficiency. During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity.