Lastly, the LunarCapital VIP Account is specifically tailored to high net worth individuals, providing personalized trading services and exclusive benefits. Spreads vary from as low as 0.5 to 1.7 for live floating spreads with EUR/USD or 1.6 to 2.8 for fixed spreads, depending on account type. ECN and Zero Spread accounts have no spread and charge a commission based on the number of lots traded instead.
- Understanding these elements is crucial for successful trading, ensuring your investments are managed with due diligence.
- Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
- The LunarCapital Micro Account is designed to give traders an easy-to-use and intuitive trading experience.
- LunarCapital makes a wide selection of account types available that can be divided into two main groups, Floating/Fixed Spread Accounts, and STP/ECN Accounts.
- VIP Account holders benefit from personalized customer support and access to premium trading tools via LunarCapital’s MT4 and MT5 platforms.
I also love how cost-effective this platform is, the broker has beginners in mind. Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance.
- It also provides access to the global markets and a variety of popular currency pairs, including EUR/USD.
- Yes, LunarCapital allows you to open multiple accounts, each with different account types if needed, to match different trading strategies.
- A commission is charged, however, because the broker needs to be compensated in some way.
- LunarCapital is the trade name of Notesco Limited, a company registered in Bermuda and headquartered in Cyprus.
LunarCapital also offers a Demo Account, and in the past a Cashback Account, which unfortunately is no longer available. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. This average customer rating is based on 21 LunarCapital customer reviews submitted by our visitors. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers.
The next step is completing the KYC verification, which requires submitting valid identification (passport or driver’s license) and proof of address (such as a utility bill). Once verified, you can select your account type and make your initial deposit. The minimum deposit starts at $100 for the Micro Account, and your account will be ready for trading.
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Clients have access to a diverse set of trading instruments, including forex, metals, indices, and commodities. The LunarCapital Islamic Account is an excellent choice for traders who want to work with a broker that values their faith and understanding of the markets. The LunarCapital Micro Account is designed for beginner traders and those with smaller capital, offering a low minimum deposit of $100. This account type provides access to competitive spreads starting from 1.8 pips and allows traders to explore the markets with flexible trading options. The Micro Account is ideal for new traders who want to familiarize themselves with Forex trading without committing significant capital. It also includes access to LunarCapital’s MT4 trading platform, which provides a wide range of tools and resources to help traders make informed decisions.
Indices represent the collective value of underlying publicly-traded companies. LunarCapital is the trade name of Notesco Limited, a company registered in Bermuda and headquartered in Cyprus. The broker is regulated in multiple jurisdictions, including Cyprus where it has a license from CySEC. For clients based in the United Kingdom, it is regulated by the Financial Conduct Authority (FCA), which is among the most respected financial regulators in the world. The FCA has issued a license to 8Safe UK Limited, which operates LunarCapital in the country. It may take time to process withdrawals, some traders have mentioned that LunarCapital is slower than other brokers.
As such, LunarCapital does not have its own proprietary platform but does offer the full range of MetaTrader 4 platforms. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. Knowing the various account types available can help you select the best option that aligns with your trading strategy. Trading via mobile apps enables you to keep your finger on the pulse of market fluctuations and execute trades at your convenience. You’ll appreciate features like real-time notifications and charting tools directly on your device, which can help you make quick and informed decisions regardless of your location.
How to Open an LunarCapital Account – A Step-by-Step Guide
MetaTrader 4 is a straightforward platform that allows for efficient trading for all skill levels. Beginners can stick to the regular version of MT4, the WebTrader, or the mobile version. The MT4 Advanced platform will be the choice of advanced traders who want these enhanced charting tools, which include the built-in EA ability, automated strategies, live monitors, and more. The Personal Multi-Account Manager is also highly advanced, making it possible to trade several MT4 accounts at the same time and offer the same advanced charting tools. Here is my opinion about trading conditions of this broker and how they correspond to my trading.Company provides quite favorable spreads. And thirdly, broker provides a wide range of financial instruments, including currency pairs.
Demo Accounts
The LunarCapital Micro Account is a popular choice among those venturing into the world of forex trading. With its low initial deposit requirement, tight spreads and flexible leverage, this account provides traders with a cost-effective and flexible trading solution. Negative reviews often emphasize these issues, while positive feedback typically focuses on the trading experience itself. You should thoroughly read user reviews to gather insights that reflect your trading expectations and priorities.
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The choice of trading platform plays a vital role in your trading experience with LunarCapital. The broker offers a variety of platforms designed to cater to different trading styles and preferences, ensuring you have the tools needed to succeed in the financial markets. Whether you prefer the advanced features of MetaTrader 4 or the convenience of a web-based interface, LunarCapital has options tailored for you. LunarCapital’s VIP account is the optimal choice for traders who demand the very best from their trading platform. With the potential to maximize profits through the maximum leverage available, LunarCapital VIP account holders have a clear advantage in the market. LunarCapital Professional Account Types provide sophisticated trading solutions for experienced traders.
The STP/ECN Zero Spread is an ECN account and ECN stands for Electronic Communications Network. With this type of account, traders receive direct access to other participants in the market. The ECN broker manages to consolidate quotes from several participants, which is why spreads here start from 0.0 pips and are typically very tight.
A Forex Tour?
After examining various user experiences, it’s clear that trading with LunarCapital elicits mixed feelings among traders. While many appreciate the user-friendly interfaces and wide range of assets, some express frustration with technical issues and withdrawal delays. You might find enthusiastic comments on the trading tools offered, but it’s crucial to stay alert for potential pitfalls, especially regarding customer service interactions. For traders at LunarCapital, spreads vary depending on the account type and market conditions. Generally, you can expect competitive spreads, but it’s crucial to check if any commissions apply.
Additionally, traders can use automated trading systems in this account type. As one of LunarCapital’s account types, this account is suitable for traders who want to get the most out of their investments. The LunarCapital Premium Account is designed for more experienced traders, offering enhanced trading conditions with a minimum deposit of $1,000. This account provides access to tighter spreads, starting from 1.6 pips, allowing for more cost-effective trading.
As a global brokerage firm, LunarCapital https://lunarcapital.net/ offers a comprehensive suite of trading services that cater to both novice and experienced traders. With a wide range of financial instruments available, including forex, commodities, and indices, you can access diverse markets to enhance your trading experience. LunarCapital emphasizes user-friendly trading platforms and competitive pricing, ensuring that you can navigate the complexities of trading with ease. All in all, LunarCapital Standard Account is a great option for traders who want to benefit from a fixed spread and standard lot size. It provides competitive spreads, high leverage, and access to popular trading platforms.
With your busy lifestyle, having the ability to trade on-the-go is crucial. LunarCapital offers mobile trading options, allowing you to stay connected to the markets and manage your trades from your smartphone or tablet. LunarCapital operates under multiple regulations, including oversight by authorities such as the Cyprus Securities and Exchange Commission (CySEC).