Download MetaTrader 4

The broker’s range of forex trading products is limited to MT4, MT5, and LunarCapitalTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the LunarCapitalTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis. 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. The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets.

LunarCapitalFx Regulations

Not only does this reduce your trading costs for longer-term positions but it won’t force you to close a position before being charged a swap. As an ECN (Electronic Communications Network) broker, LunarCapital delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network. This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

Placing a Trade

The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform’s servers exchange data secured by RSA digital signatures through encrypted servers. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. Its LunarCapitalFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide.

Swap-Free Account Fees

• The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly.
• Not only does this reduce your trading costs for longer-term positions but it won’t force you to close a position before being charged a swap.
• Your LunarCapital demo trading account can do more than just teach you the basics.
• To keep your prize lots active, you must trade at least once every 30 days.
• The broker’s multiple deposits/withdrawal methods come at zero cost, the choice of two base currencies for fund transfers and immediate processing of withdrawal requests.

The processing time can vary from 30 minutes to three business days, depending on the method and conditions. Withdrawals can be initiated from the website dashboard or through the mobile app. LunarCapital offers trading accounts denominated exclusively in US Dollars (USD). While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use. In 2012, it started organizing courses, and in 2013, it introduced its first bonuses.

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual investors, introducing brokers, and trading companies. It is flexible enough to implement both simple and highly complex trading strategies. The platform supports trading in Forex, indices, and cryptocurrencies. Explore all the features of your trading platform and learn how the Forex market works before depositing any real funds.

In our review, the execution quality was positive across all accounts. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. A few minutes after submitting the withdrawal, we received a confirmation email.

• This feature allows users to replicate the trading strategies of successful traders (referred to as “Master Traders”) automatically.
• The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks.
• They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
• The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested.

LunarCapital Account Conditions Score

During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site. In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes.

According to the LunarCapitalFx website, the broker does not charge any fee on deposits and withdrawal. They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply. However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions.

LunarCapital is a global broker, who offers a new take on certain aspects of the retail brokerage space. Founded in 2011, its products are available through LunarCapitalFX.com and LunarCapitalFX.eu. Bonuses of 10%, 20% or 50% can be claimed on each deposit with LunarCapitalFx but there are even bigger bonuses available during holidays and other limited-time events. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements.

At that point, we could see our withdrawal status as “pending” in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency https://lunarcapital.team/ wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied.

When opening my account I was given the option of only using USD as the account base currency. Although you can deposit with your local currency, it gets converted to USD regardless. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I LunarCapital website would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). You have a selection of alerts you can receive, so I set it up to show all trading signals like candlestick patterns and chart patterns such as head and shoulders.

LunarCapital is an international broker ideal for traders looking to operate under competitive conditions. It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. 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.

By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit. LunarCapital offers the basic options when it comes to funding your account through traditional methods and some crypto options. The broker offers reasonable times to process your deposit and withdrawals. 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).

Categorised in: Forex Trading

This post was written by vladeta