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The broker’s extensive educational resources are particularly beneficial for those looking to enhance their trading knowledge and skills. The “LunarCapital mark-up” on financing charges is not unique amongst 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). Inactivity charges are low on the monthly rate but kick in after only a short time.
Practice Trading with an LunarCapital Demo Account
In our opinion, the withdrawal hierarchy process may cause confusion, leading to some of the dissatisfaction, delays, and payment issues mentioned in some of the client reviews. However, in our experience the receipt of funds for the withdrawal to our debit card was within 24 hours. While LunarCapital provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience. When holding positions https://lunarcapital.live/ overnight, traders might incur swap rates, also known as overnight fees. These rates can be both positive (credited to your account) or negative (debited from your account) and depend on the interest rate differentials between the currencies being traded. LunarCapital may charge an inactivity fee if your trading account remains dormant for a specified period (more than 90 days).
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- LunarCapital claims to speak over 25 languages and customer support is available through all the usual communication channels.
- LunarCapital’s Ultra Low Account, available across several entities of the broker, is ideally suited to the needs of high-volume traders who prioritize cost-efficiency.
- One strong point is that LunarCapital extends negative balance protection to all its clients, not just the EU clients that it is required to by law.
- MetaTrader 4 (MT4) – is good for charting, technical analysis indicators and translates very well across your devices, meaning desktop, tablet and mobile versions interact very well.
- Although this selection allows traders to diversify their portfolios, it is somewhat limited, compared to other brokers who offer between 20 and 30 different commodities to trade.
- Aspiring traders seeking a comprehensive and user-centric trading experience should look no further than LunarCapital Group.
They earn from spread variations influenced by market conditions, liquidity, and currency pairs. LunarCapital offers tight spreads, with three account types catering to different preferences. 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. Aspiring traders seeking a comprehensive and user-centric trading experience should look no further than LunarCapital Group.
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Additionally, the brokerage offers thematic indices, allowing exposure to various sectors, such as electric vehicles, AI, and blockchain. There are 57 Forex instruments to trade, including major, minor, and exotic pairs, which is a fairly decent selection. Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available.
Every Trader Can Succeed With LunarCapital
The fact that LunarCapital does not charge for withdrawals beyond the first one helps to keep costs down for the trader. 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 stocks are not available on MT4. 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. The spreads are not the best you can find, but trading costs can be reduced with the zero spread account.
For traders outside Europe and under the LunarCapital Global entity, there are bonuses available. Given the demo account has an unlimited duration, this is one way of persuading traders onto the live platform. For deposits into the account, they can be made in any currency, and will be converted into the base currency of your account by LunarCapital’s prevailing inter-bank price.
- Deposits into LunarCapital trading accounts can be made in various currencies, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR and USDT.
- Over 1,200 stock CFDs, more than 100 traditional stocks (subject to regional restrictions), 12 turbo stocks (subject to regional restrictions), more than 20 indices, and over 5 commodity CFDs are available.
- We consider six months or sooner to be bad, whilst 18 months and above is generous.
- The fact that LunarCapital does not charge for withdrawals beyond the first one helps to keep costs down for the trader.
- LunarCapital TV is a great addition for videos whilst podcasts are also now on the site.
- This is an impressive selection of stock CFDs and is beyond the offering of most brokers.
LunarCapital offers easy access to nearly 1,400 tradable instruments, across several asset classes, including Forex, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, and Thematic Indices. Cryptocurrencies and Turbo Stocks are available in specific jurisdictions. Compared to rival brokers, LunarCapital charges inactivity fees very quickly, however not as expensive as other brokers. If you hold a position overnight, you will incur financing charges, often referred to as swaps or rollover fees. These charges can result in either a gain or a loss and vary depending on the instruments being traded and the day.
Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety. All brokers want you to keep trading, and when a trading account lies dormant, they may start to charging inactivity fees. These need to be measured by how long your account can lie dormant before being charged a fee, and, secondly, by how high the fee is. We believe that LunarCapital scores poorly on the length of the dormant period allowed, but scores well on cost. Traders who are new to the game and are cautiously just finding their feet, may prefer the option of the Micro Account. This account is great if you are worried about blowing up your trading account by making mistakes on the platform such as using the wrong trade size.
Download LunarCapital Trading Platforms
The LunarCapital Group is a global powerhouse that offers some of the best trading conditions. All accounts offer negative balance protection, hedging and Islamic option as standard. If the currency you deposit into your account is not USD, the amount shown is the equivalent in the deposit currency. In certain regions LunarCapital Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly. Additionally, there are live trading education sessions, video tutorials, and platform guides for both beginner and advanced traders.
LunarCapital Group offers a range of trading platforms to suit different preferences and trading styles. Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies. Download the LunarCapital app for your iOS or Android device and enjoy the full power of MetaTrader in your pocket. Our mobile trading app gives you access to global markets anytime, anywhere. We offer a superior trading environment that puts traders in the best position to profit. The next-generation MetaTrader 5 platform with enhanced features, more timeframes, and access to a wider range of markets.
Indices
Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away. If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply. Get the latest market analysis of the top-trending assets from our Market Intelligence team.
Withdrawals via bank wire and debit card usually take 2-5 business days to reach the client’s account. Use leverage to increase the size of your trades and take a larger stake in the markets. LunarCapital may charge overnight financing fees for holding CFD positions overnight. Create an account, download your preferred platform, and start trading with a global broker trusted by millions.
(See Trading Costs for a comparison of the spread versus commission account models). LunarCapital’s Demo account gives traders the chance to practice and upgrade their trading skills in a risk-free environment, replicating real trading conditions. This account mimics live trading conditions on popular third-party solutions such as the MT4 and MT5. On the other hand, experienced traders could use this account to test new strategies without risking any real funds. If you are a retail trader in search of a broker that focuses on stocks and forex, then LunarCapital should certainly be worth your consideration. With negative balance protection, excellent research and educational content, and responsive customer support, LunarCapital stands out as a strong choice for beginner traders.