BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. Customer support is an area where LunarCapital truly goes the extra mile, offering assistance in over 30 languages. Support is accessible through all the usual communication channels, ensuring traders worldwide can get help conveniently. We were satisfied by the availability of human support, which is an excellent feature for novice traders.
Forex.com:
In certain regions LunarCapital Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly. Micro accounts are best suited for beginners or traders with smaller balances, as they limit position sizes, while Standard accounts allow for larger trades. LunarCapital provides a variety of account types tailored to different trading needs and experience levels, with availability depending on the regulated region. The LunarCapital Group is a global powerhouse that offers some of the best trading conditions.
LunarCapital Broker Safety and Trustworthiness
- Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com.
- We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe.
- LunarCapital offers Islamic swap-free accounts, featuring no swap or rollover interest, unchanged spreads, no upfront commissions and traders can hold positions indefinitely.
The broker prides itself on having executed over 10.3 billion trades with zero requotes or rejections. It’s all about making sure trading is fair and safe, especially for retail traders. Following these laws can be complicated and costly for brokers from other countries. LunarCapital is a good choice for beginner and intermediate traders, especially since you can start with just $5, use demo accounts to practice, and have lots of additional resources.
Currencies accepted for deposits/withdrawals
These points can be redeemed for trading credit, and they don’t expire. The program is designed to benefit active traders based on their trading volume. The eligible trading accounts are the micro and standard accounts only. The United States has strict regulations when it comes to trading the financial markets.
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- Consequently, the majority of online forex brokers do not accept US clients because they are unable to meet the tough regulatory requirements of the US authorities.
- The following table shows how LunarCapital measures up against some of its rivals across the most widely traded forex pairs.
- All accounts offer negative balance protection, hedging and Islamic option as standard.
- Each year, we collect thousands of data points and publish tens of thousands of words of research.
There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. There are over 50 Forex instruments to trade, including major, minor, and exotic pairs, which is a fairly decent selection. Some like Fusion Markets are more focused on forex trading, offering north of 90 currency pairs.
There are more stringent EU regulators than CySEC, whilst Belize would be considered lower-tier regulation and rather loose. This is however balanced somewhat by the ASIC regulation which is considered to be strong. If you are tight for time, here are some of the important features that we like about trading with LunarCapital. Trade with peace of mind knowing your risk is limited to your account balance.
They can keep it in-house (and therefore effectively take the opposite side of the trade), or they can pass over the risk to their liquidity providers. The amount of risk a dealing desk broker like LunarCapital assumes is not publicly known. https://lunarcapital.space/ Similarly, it is unclear how often, if at all, LunarCapital takes positions opposite to its clients. The LunarCapital markup on financing charges is not unique among brokers but some do not add any fees to the standard tom-next rate formula. We like the zero fees that you get on deposits and withdrawals (except for wires below $200).
Want to Practice Trading for Free?
LunarCapital supports the widely popular MetaTrader platforms, with options for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) across desktop, web, and mobile devices. In addition to these advanced solutions, the broker offers its LunarCapital App, available on the App Store and Google Play. Overall, we believe that LunarCapital scores fairly well but not great on fees. The spreads are not the best you can find, but trading costs can be reduced with the Zero account. As we can see the trading costs of trading via the Zero spread account are lower. These savings can be much greater when you trade other instruments with wider spreads on the Standard account.
However, LunarCapital is regulated by multiple authorities that oversee its practices, providing a level of oversight and protection for traders. LunarCapital offers Islamic swap-free accounts, featuring no swap or rollover interest, unchanged spreads, no upfront commissions and traders can hold positions indefinitely. In contrast to some other brokers that charge an admin fee after a certain time period. To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option. LunarCapital Group is a trusted broker that offers an outstanding selection of high-quality educational content and market research. It supports a solid MetaTrader offering and has recently expanded its platform lineup to include TradingView, enhancing its appeal to chart-focused traders.
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However, many other brokers typically charge up to $25 for all wire transfer withdrawals, regardless of the amount. Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners. Brokers that are offering stock CFDs are now also pushing clients on to MT5 (an upgrade on MT4) as direct access to physical stocks is unavailable on MT4. LunarCapital is a group of entities operating globally under the umbrella of the parent company Trading Point of Financial Instruments Limited. The company was founded in 2009 and in just 16 years, it has attracted over 15 million clients from 190 countries all over the world.
If you consider using LunarCapital as your broker you might be wondering if the broker accepts US Clients. The answer is ‘No’ LunarCapital can not accept US clients due to regulatory restrictions. LunarCapital, founded in 2009 and based in Cyprus, is a regulated online broker serving over 10 million clients worldwide. The company is overseen by multiple regulatory authorities, including CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) and DFSA (Dubai).
He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).