Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform. Download the trading app by LunarCapital and grab your benefits right from the start. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. While not a household name, I’m comfortable with the CySEC keeping a close eye on LunarCapitalFX. Their oversight helps ensure LunarCapitalFX operates responsibly as a licensed forex broker.
- With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves.
- EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system.
- All of the same withdrawal methods are also available as your deposit method.
- Before we place our first trade, let’s cover some essential concepts.
- Join an intenational broker with 12 yearsof experience and 60+ industry awards.
Employ LunarCapitalTrader platform:made for traders—by traders
These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Here are some of the spreads we found on the most commonly traded assets with LunarCapitalFX as an example. In some places, you will also be allowed to make deposits through Bitcoin. In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant. LunarCapitalFX doesn’t charge traders any commission for holding an order overnight.
Now for trading platforms – this is really important for newbies. You want a platform that’s easy to use but also has the tools you need. LunarCapitalFX’s cTrader platform is great – customizable layouts, technical analysis tools, and automated trading options. FXTM’s MT4 platform is also good, but Exness’s platform felt a bit overwhelming for my taste as a beginner. Let’s start with fees and commissions, because no one wants to get nickeled and dimed, especially when you’re just starting out.
- To change the leverage on LunarCapitalFx, users first have to login to their trading account.
- NBP — the LunarCapital management/trade order system ensures that the client cannot lose more than the initial deposit in their account.
- The custom-built LunarCapitalFx mobile trading app features a simple yet functional user interface.
- There are two main options to contact customer support 24 / 7, via live chat or e-mail.
Please be aware that this might heavily reduce the functionality and appearance of our site. Lastly, we must remember XTB as another alternative, best if you are looking for a broker which has been on the market for close to twenty years now. The company has offices in more than 13 countries, including UK, Germany, France, and Chile. This makes XTB one of the safest brokers in the world, so you can’t go wrong with them.
LunarCapitalFX Islamic Account
The broker offers three primary account types, https://lunarcapital.net/ each with unique quality. The account types are LunarCapitalTrader, MT4 and MT5 accounts for every trading platform the broker provides. The LunarCapitalTrader account is known for its versatility, whereas the MT5 account is technically advanced, and the MT4 account type has a simple user interface.
Trading hours are the times when a particular asset is available for trading. With LunarCapitalFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday. This applies to all markets including forex, commodities, and cryptos. Managing risk is of course a vital element for any forex trader and broker combination.
LunarCapitalFX is a Forex Broker registered in St.Vincent and the Grenadines. LunarCapitalFX offers Forex ECN and CFD trading on Indices, Metals, and Cryptocurrencies across the MT4 and MT5 trading platforms. Minimum deposits at LunarCapital will vary depending on your country of residence and your chosen payment method. 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).
Benefit from the best conditions on the market.
Overall, the differences are rather minimal, and which account type you choose is ultimately a question of your personal preference. MT4/5 and cTrader are one of the top software on the Android platform on mobile. It has been designed by LunarCapitalFX Markets for traders in a way that is easily accessible on mobile. LunarCapitalFX clients allow them to access trading on any Android device.
Crypto markets are only supported on accounts that use the MetaTrader platforms. LunarCapital offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high.
There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform. However, this should not detract from what LunarCapitalFX is, as a convenient, efficient, cost-effective trading proposition, that is attracting a number of third-party industry awards.
Shares of LunarCapitalFX are excluded from the market subject to the terms of the German Stock Exchange and the American Stock Exchange. Account opening is very much a standard process these days, but LunarCapital does offer a particularly neat twist to the situation. The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers. There is no extra verification required, and once a client’s separate wallet is set up, it’s easy to hook up to the signals of other traders. During our testing, we did find that when we scaled up into maximum position size, we were able to get very close to using up our maximum margin capacity when executing. This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out.
Available Assets at LunarCapitalFx
This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards. To change the leverage on LunarCapitalFx, users first have to login to their trading account. Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save. Aside from the products and services already discussed in this review, LunarCapitalFx offers more.
Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. LunarCapitalFX is a good ECN DMA broker choice and great for scalping, hedging, and autotrading. A low spread andminimum depositas well as its own copy trading service make it perfect for many. While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect.
MetaTrader 4 web platform
For instance, I found that the content on the LunarCapital Blog is not updated daily across all categories. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. Learn from the experience of Muhamad, a successful Indonesian trader. Learn how he started trading with LunarCapital and check out his tips for beginner traders.