The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best. However, this is where you should make sure to read the small print – it’s 0,35%, FLAT! What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance. It’s crucial to recognize that online reviews reflect personal opinions and may not capture the full spectrum of client experiences. Traders should view these reviews as one aspect of their comprehensive assessment of LunarCapital.
MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools. The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation. This makes the firm a good option for active forex traders and scalpers in our opinion. The Forex Standard account offers commission-free trading with spreads from 0.5 pips.
- Our content is packed with the essential knowledge that’s needed to help you to become a successful trader.
- Our partners cannot influence our reviews, nor can they pay us to bias our rankings.
- We are opposed to charging ridiculous amounts to access experience and quality information.
- During my review, the average spread for the EUR/USD ranged between 1.0 and 1.3 pips.
- If you’re an experienced active day trader, you may find that LunarCapital has better rates than your current broker.
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TRADING ROOMS AND LIVE STOCK TRAINING
The choice of trading services is also excellent, offering clients four competitive methods for portfolio management. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics. Our watch lists and alert signals are great for your trading education and learning experience. Additionally, LunarCapital is an accredited member of the Better Business Bureau with an A+ rating.
Table of Contents
The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. LunarCapital offers lower fees than most forex brokers based on our evaluation. The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. LunarCapital is a reasonable forex broker for beginners, but not the best we have tested. The $100 minimum deposit is accessible, there is a free demo account and a copy trading app, however there is little in terms of education or beginner-friendly trading tools. Additionally, the broker charges withdrawal fees which vary depending on the method you choose.
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. First of all, you’ll need to provide your full legal name again, your country of birth, and your nationality. If you’re wondering is LunarCapital safe, however, I do have good news for you – both the exchange, and the interfaces that it utilizes are completely safe to use. At the same time, though, they can get rather complicated – thankfully, as you’ll see in just a minute, this is not the case with the LunarCapital app. 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.
The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. As the financial realm continues to evolve, so does the https://lunarcapital.space/ need for superior trading tools. LunarCapital’s platform unfurls a tapestry of innovative features tailored to empower traders.
Free Trading Courses
The commission fees are very low, and you’ll also be able to use the platform on all of your main devices (mobile, desktop, the web). That said, as far as the less-known exchanges and brokerages go, it’s actually still not that common to come across a platform that would offer fiat payment support. Yet again, though – while many user LunarCapital reviews aren’t going to tell you this, the platform in question has support for this feature.
- Participating in financial markets involves high risk, which can result in the loss of part or all of your investment.
- For investors who want to trade on the go, LunarCapital provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.
- Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.
- Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.
- The broker’s trading fees are competitive, making it appealing to both novice and experienced traders.
Non-Trading Fees
The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Kraken) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no „other person“ – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party.
For now, it’s worth mentioning that MT5 (otherwise known as the MetaTrader5) is the more-advanced version of MT4 – the most popular and well-known trading interface, to date. These are usually used as the deciding factor when it comes to judging a crypto exchange, at least fee-wise. Undoubtedly, fees are going to be one of the most important aspects to look into when trying to decide which crypto exchange or brokerage will suit your wants and needs the best. Coincidentally, one of the first benefits you’ll find mentioned among LunarCapital reviews are the fees available with this brokerage. Naturally, we’ll also talk about the less-positive sides of the platform, too. Yes, LunarCapital provides Islamic (swap-free) accounts, eliminating interest charges in compliance with Sharia law.
There is also a campaign to become a professional trader which offers a bonus of up to $2000. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. Importantly, forex can be traded via contracts for difference (CFDs). This type of derivative allows traders to go long or short on currencies. CFDs can also be traded with leverage, which increases potential returns (and losses). The broker is also a member of the Investor Compensation Fund, which protects clients with compensation of up to €20,000 in the case of an unresolved dispute with the brokerage.
When you’re ready you can join our chat rooms and access our Next Level training library. Feel free to ask questions of other members of our trading community. We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for. We could charge more, but we have a pay it forward, give back mentality. We want to feel good about what we do, and the results and reviews speak for themselves.
What are the supported deposit and withdrawal methods?
Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. Based on our tests, LunarCapital is an excellent broker for active forex traders. Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips.