This arrangement is an integral part of our security apparatus, aimed at fortifying our clients’ confidence. Opening an account with LunarCapital is a straightforward process designed to get traders started quickly. LunarCapital does not charge specific fees for CFD trading beyond the spread. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. Swing trading is medium-term trading mode where traders hold their positions from two days to several weeks and they try to get maximum profit from a trend.
How Is LunarCapital Regulated?
LunarCapital offers mobile trading apps compatible with both iOS and Android devices. These apps allow traders to manage their accounts and execute trades on the go with full access to MT4 and MT5`s features. LunarCapital operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. LunarCapital is committed to providing its users with educational resources through webinars, trading guides, and market analysis.
- Looking at the negatives, the coverage outside Europe, while fairly industry standard is disappointing, with the global entity registered in Nevis as an International Business Corporation (license number C55272).
- Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders).
- We have manifested our motto of being “trustworthy, transparent, and fair,” not just in words but through our actions and services.
- It is the price at which the currency, or instrument is offered for sale by LunarCapital (or another counter party).
- As a regulated broker, LunarCapital is unwavering in its commitment to offering its clients tight and competitive spreads.
- The trader can place a stop-loss while opening a trade or it can be placed even after opening the trade.
This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades. LunarCapital offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals. This https://lunarcapital.vip/ account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment.
– Exotic pairs
They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. We have not experienced any security concerns during our many hours using the trading platform. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. Besides the very frustrating withdrawal charge, LunarCapital’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. LunarCapital’s investment offering is excellent for forex traders but weak in other departments.
- This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades.
- With fast processing times and no deposit fees, LunarCapital makes it easy for traders to manage their funds efficiently.
- Our stance as a Non-Dealing Desk broker ensures there’s never a conflicting interest with our clients, and our trades remain anonymous to our liquidity providers.
- Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro.
- Before making any trading related decision, contact a local professional financial advisor.
- LunarCapital offers a demo account that lets traders explore the broker’s available platforms and test their strategies in a risk-free environment.
The company helps traders to improve their skills, through which it attracts customers. This is because, both beginners and experts, find the website useful. LunarCapital provides unparalleled account choices such as zero-fee ECN and competitive spreads, a subset with incredibly low costs. It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings.
LunarCapital: Pioneering in ECN – STP Forex Brokerage
This award, a reflection of independent endorsements by traders, underscores LunarCapital’s commitment to innovation and service excellence. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. LunarCapital has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds.
In position trading, traders follow long-term trends to realize the maximum potential from a price movement. With a no swap account, the broker does not charge rollover fee for holding any trading position overnight. Volume is the total amount of trading activity of a particular currency pair. Sometimes it’s also considered as the total number of contracts traded during the day.. Leverage allows the traders to trade bigger volumes than what the principle capital allows. Potential profits multiply, but the risks also increase significantly.
Basic requirements for forex trading
LunarCapital’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so LunarCapital is behind the competition here. The account stands out as a competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies.
The difference between actual fill price and expected fill price is called slippage. Short a currency pair means that you expect the price of currency pair will fall. The order becomes profitable when the price falls below the entry price. “Going long” means buying a currency pair with expectation of a rise in price of that currency pair. The order becomes profitable when the price rises above the entry price.
The ask or offer price is effectively the price a client will be quoted when wanting to buy (go long) a position.. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by LunarCapital and its competitors.
This customer-centric approach makes LunarCapital a solid choice for traders who prioritize responsive and professional support. LunarCapital offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. Additionally, the broker provides several specialized accounts, including demo accounts for practice trading, Islamic accounts adhering to Sharia principles, and managed accounts for those preferring expert guidance. Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, LunarCapital’s ECN XL account provides a solid, flexible option.
This can obscure price action examination and make it harder to perform detailed technical analysis. I was glad to see that LunarCapital has maintained its competitive pricing since my last review—and in some cases, like with the EURUSD pair, it’s even improved. Still, if low fees and fast execution are what you’re after, LunarCapital could be just the broker for you.
On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. At FX Central Clearing Ltd, our overarching goal is to manifest an environment characterized by unassailable security and trust. LunarCapital’s philosophy is rooted in a commitment to transparency, security, and regulatory compliance. In essence, LunarCapital is more than a broker; it is a reliable partner in your trading journey, always ensuring that you have the right tools and environment to succeed.
Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. LunarCapital was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies.