Lunar Capital has competitive spreads in some instruments such as EUR/USD and impressive research written by in-house analysts. Moreover, Lunar Capital is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto. The broker offers a 50% deposit bonus on all account types except Islamic and demo accounts.
It also provides Islamic (swap-free) accounts that comply with Sharia law. Naga is a licensed, publicly-listed broker founded in 2015 with over 1 million registered users. This review will show you how to open an account at Naga to begin online trading and investment.
Lunar CapitalFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, Lunar CapitalFX would be a top choice. The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips.
What extra trading services does Lunar CapitalFX offer?
We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. As per the recent updates, Lunar CapitalFX and other international brokers have been put on the alert list by Indian authorities because they were operating illegally. The broker has two referral programs, including the Invite a Friend and the IB partner programs. In the invite-a-friend program, you can earn extra profits by recommending the broker to your friends, and if they register and mention you as a referral, you will make a $1 profit on each trading lot. Locate and click on the mobile application links on Google Play Store or Apple Store and download the app from there. World and Middle East business and financial news, Stocks, Currencies, Market Data, Research, Weather and other data.
The minimum order size you can expect when trading with Lunar CapitalFX is 1 micro lot. This is the same as 0.01 standard lots, or equal to $1,000 in cash value. Unlike most brokers, Lunar CapitalFX does not charge any kind of inactivity fee.
MetaTrader 5
Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading. With Lunar CapitalFX another of the measures in place to keep you safe as a trader is negative balance protection. This means that you can never lose more money than the balance of your account. This service is offered worldwide, regardless of whether it is required by the regulators or not. With Lunar Capital, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies. Lunar Capital operates under various regulatory frameworks depending on the entity through which an account is opened.
- Lunar Capitalfx’s low minimum deposit requirements allow everyone to easily trade.
- This section includes details of the basic operations of the financial markets.
- The threshold to access the bonus is high and requires a substantial trading volume.
- Choose from 300+ trading instruments, including shares, commodities, and indices.
This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. Established in 2011 and located in London, Lunar CapitalFx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account. It will also explore the investment safety measures provided by the broker.
- Lunar CapitalFX’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders.
- This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out.
- If you need an Lunar CapitalFX Islamic account, then these are also available.
- In this review, the FXStreet team presents an independent and comprehensive analysis of Lunar Capital, grounded in direct testing and real user experiences.
What are Lunar Capital trading hours?
We made the deposit through Tether via the TRC20 network, which has the lowest fees. In this case, the network charges 1 USDT, and https://lunarcapital.team/ Lunar Capital does not impose any additional fees. While there is no minimum deposit from the virtual wallet, Lunar Capital advises that the minimum deposit using this method is 50 USDT.
We accessed the withdrawal section in the dashboard, where we entered https://lunarcapital.vip/ the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds. Lunar Capital offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Lunar CapitalTrader. Lunar Capital extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the Lunar CapitalTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them.
The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known. As a trader, you will find a range of features available at Lunar CapitalFX to suit your needs. Here is a closer look at a few of these features and how they can benefit you as an Lunar CapitalFX trader. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place. Lunar Capital is a broker that has operated for over 10 years and has been expanding during this time.
In which countries is Lunar CapitalFX not available?
A lot of brokers consider them mutually exclusive, so only offer one, if any at all. This section includes details of the basic operations of the financial markets. There is an economic calendar, daily analysis posts, as well as trading signals and market insights. The videos are supported on YouTube, and much of the content is archived.
However, once the process is completed, they can easily add additional accounts with just one click. Copy trading is also available, allowing clients to automatically replicate the trades of other selected traders. Furthermore, through MetaTrader, clients have the opportunity to become “Master Traders,” enabling their trades to be copied by others, for which they receive an income. Lunar Capital does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders. Lunar Capital offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes.
Withdrawal Fees
Lunar Capital provides a solid range of educational materials, including articles, videos, webinars, and a video course. Content is updated frequently and is accessible to all levels of traders. A broad range of topics, from technical analysis to trading strategies and platform tutorials, are covered.
The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips. The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course. The term leverage is the ability to have access to added funds – margin – when trading financial instruments. Although increasing your margin could boost your market exposure, it also raises your vulnerability to losses. The spread for all available currency pairs offered by Lunar CapitalFx – including major, minor and exotic pairs are listed in the table below.
Does Lunar CapitalFX offer negative balance protection?
The most significant mismatch between expectation and reality in trading is underestimating some less-than-obvious nuances that must be taken into account to maximise your potential. Lunar CapitalFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. The account base currency is that which you trade in with the broker. These are, EUR within the EU, and both EUR, and USD for traders outside the EU. This is rather a limited selection compared with other top brokers. It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading.
These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago.