At the time of my review, there were 5 upcoming webinars, all in Arabic. I quite appreciated that there is detailed personal info about market experts https://lunarcapital.net/ who lead the webinars. Your account should reflect your goals, needs, and ambitions on the market.
Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?
Finally, investing and trading involves risks and you are advised to perform due diligence before investing and stay away from unregulated and high-risk trading platforms to avoid potential scams. You can discuss forex and cryptocurrency related news, ideas, strategies and analysis here. You can also expose broker scams you have encountered to warn others not to fall into their trap. FxGecko will be updated daily with broker information and user complaints against brokers, so following it regularly can help you effectively raise awareness of your investment risks. Hey Thomas Cox,Thanks so much for your feedback, and we’re happy to hear that you’ve been enjoying our platform! The above articles are prepared by third parties and not LunarCapital.
Deposit and Withdrawal
LunarCapital offers a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank wire transfers, and e-wallets. Like most brokers, LunarCapital charges swap fees for long and short positions that remain open overnight. However, the broker offers a swap-free account option for Islamic traders who want to trade but cannot earn or pay interest due to their religious beliefs.
We appreciate it and will make sure to let our Product Team know.LunarCapital ⚡️Empowering traders. If there was a fan club for the LunarCapital broker, I’d definitely be a member or maybe even a moderator, because I really enjoy using this broker and know all the little details about it. It’s definitely one of the most reliable companies out there, at least in its category, and they really look after their customers with great trading conditions. I started with LunarCapital broker a few months back, and time has really gone fast… At first, it was a bit hard for me to figure out how things worked and I couldn’t get used to navigating the platform.
Traders with highly specific investment preferences might find more tailored options elsewhere. The Privilege account offers all the features of Standard and Premium accounts. The main difference is in the spreads, with an average spread of 1.1 pips. Overall, LunarCapital is a well-regulated broker providing a secure trading environment for traders. Forex traders can trust LunarCapital’s platform for safe and secure trading. LunarCapital also provides a negative balance protection policy to ensure that traders’ funds do not go below zero.
- However, after reviewing individual feedback, many clients report significant difficulties with withdrawals from the platform.
- I also appreciated the vast amount of over 150 written articles that are available from LunarCapital’s blog section of the website.
- Range of instruments allows me to identify patterns, find best entries and set stop loss correctly appealing to my risk tolerance.
- LunarCapital and its services are generally geared towards copy trading.
- Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
Have a question? Ask to get answers from the LunarCapital staff and other customers.
To sum up, I think LunarCapital (Tradeco Limited) is not a safe enough forex broker. Click here to recognize common investment trading scams to avoid being scammed. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
My tests indicate that LunarCapital’s trading fees exceed the industry average. Such a full-sized EURUSD position usually costs around $10. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection.
- I am looking for new ways to experiment with my trading style and now the LunarCapital platform may seem too regular for many traders of a new generation.
- Like most brokers, LunarCapital charges swap fees for long and short positions that remain open overnight.
- However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place.
- Thanks for being such a valued customer.LunarCapital ⚡️Empowering traders.
Only a legal address is provided, which may limit the ability to engage in direct face-to-face interactions or visit a physical location for assistance or resolution of issues. Furthermore, the broker offers Live TV, which is a feature that provides real-time market updates, news, and analysis. On the other hand, LunarCapital’s proprietary platform may not be as popular or well-known as the established MetaTrader platforms. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. You’ll be asked to provide basic personal details and specify your preferred account settings.
Our educational materials are an important aspect of our commitment to providing our clients with the resources they need to succeed. We’re dedicated to helping our clients achieve their trading goals, and we’re thrilled to hear that you have found our materials helpful. There are indeed a lot of positive things about this brokerage firm.First of all, it’s a regulated one. I was really confused, but props to them; they are true experts.Eventually, the VPS server is a good thing to engage in algo trading. Just fulfill certain requirements, and here you are, or pay for it, whatever you wish.Recommended, commended, and approved. Deposits are free and instant, but clients might need to pay third-party charges depending on their payment method.
How to open a trading account at LunarCapital
The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. The reasonableness of commission fees largely depends on the trading style and preferences of individual traders. For traders who prioritize tight spreads and prefer not to pay commissions, LunarCapital’s model aligns with their needs.
Deposit and withdrawal processes are protected with the latest SSL encryption and other security technologies. As the broker is regulated, clients should complete their KYC that is in line with the Seychelles Financial Services Authority. LunarCapital is an offshore broker, and like many similar brokers, its legitimacy can be challenging to verify.
Trading Blog:
Moreover, I evaluated its trading fees to exceed the industry average. LunarCapital offers more than 300 instruments across several asset classes, including FX pairs, commodities, share CFDs, indices, cryptocurrencies, and futures. The offering is well-balanced and suitable for the execution of multiple trading strategies.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading on the platform has its perrks and ups and down… I like the analytics tools and I have used it to get lots of winning trades that have worked in my favor.
They are thus suitable for the execution of longer-term trading strategies, such as day and position trading. LunarCapital has invested time and energy in developing research materials, which I found quite diverse and unconventional. Its podcast and LiveTV feature are two excellent examples of this, giving traders a unique perspective on currently evolving trading opportunities and market developments.