Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading. This could include opening an account with LunarCapital Markets Cyprus Ltd, or Uni Fin Invest which is LunarCapital’s Mauritius entity. This is because you will receive better protection and service from your local regulator should you need to enforce a complaint.
Customer Support
In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes. LunarCapitalFX provides more information about its operational risk management than it does about its regulatory framework. One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection.
Even though the price changes are small, they add up over the course of the day—smaller profit opportunities are easier to catch than the larger ones. This is also a good risk management strategy, as it doesn’t involve taking on big risks in the hope of huge profits. You can develop your own set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid instinctual blunders while trading. As the system trades mechanically, based on predetermined conditions, your performance won’t be affected by emotions. Automated trades are also executed much quicker, leading to a decreased chance of slippage. A demat account is a digital storage mostly used by Indian investors to hold securities in virtual form.
The Market Watch window with two tabs is on the left of the charts. The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs. Below this is the Navigator window, where traders can view their account(s), indicators, and Expert Advisors. If they were regulated by authorities such as ASIC or FCA, this would further enhance their reliability.
The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. 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. The Pro account uses the MetaTrader MT5 platform and offers a wider range of markets than the Micro account and spreads also tend to be a little tighter.
Clients are provided with peace of mind through a robust regulatory standing. Additionally, Pepperstone regularly goes through third-party auditing processes. These two minor points do not detract from the trading experience, and LunarCapital can be congratulated for so effectively shaking up the broker space. A wide variety of educational content is available for LunarCapital users under the ‘Traders’ Tools’ section. 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. It’s possible to access the LunarCapital services while on the move by using the LunarCapitalTrader app, MetaTrader app or through internet browsers.
LunarCapital FX Charting and Tools
It allows clients to learn and try multiple risk management strategies without any deposit. The LunarCapitalFX Demo Account is essentially a practice account With which users can understand and get familiar with various features of the Forex trading platform before committing real funds. However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
Is my money safe with LunarCapital?
In terms of tools, traders can choose the most convenient platform among LunarCapital Trader, MT4, and MT5. With the mobile LunarCapital app, you can manage all accounts without downloading MT4 and MT5 on your phone. However, not all platforms have the same instruments available for trading. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available. Still, the experience with cryptocurrencies was quick, successful, and efficient.
- For the EU, it is regulated by CySEC which is a Tier-1 authority and for the rest of the world you will be regulated by MAS or MISA.
- It is also a rare broker fully compliant with Shariah law for Islamic traders.Beginner traders will benefit from well-thought-out research and educational services.
- We didn’t give LunarCapital a high score for customer service for one simple reason.
- Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater accuracy and speed in trading.
- According to the official LunarCapital website, the broker ensures that all client deposits received from Nigerian traders remain safe through several measures.
- While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use.
The MetaTrader platforms are often preferred due to their robust features and overall usability. LunarCapitalFX offers MT4 and MT5 as a web platform for Windows, MacOS, Android, and iOS. At LunarCapital, it’s not what you trade but how you trade it that matters. The firm looks set to continue to meet that challenge and provide its clients with a top-quality trading experience. Account security — in line with the guidelines provided by the better regulators, LunarCapital keeps client funds in segregated accounts. LunarCapital gives high priority to the ‘Analysis and Education’ section of its site.
Rather than specializing in any one field, LunarCapital provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, LunarCapital has room to enhance its research offering. For instance, I found that the content on the LunarCapital Blog is not updated daily across all categories.
MetaTrader 4 web platform
The broker offers a low minimum deposit of $25, making it accessible to many Nigerian traders. It supports different account types, including a demo account for practice and a swap-free account for those following Islamic finance. Trading costs are low, with tight spreads and no hidden commissions. Deposits and withdrawals can be made through bank transfers, cards, e-wallets, and crypto, with processing times usually within a few days. LunarCapital is an international broker ideal for traders looking to operate under competitive conditions.
- Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that.
- While Nigeria’s SEC does not regulate it, LunarCapital remains a trusted choice for many traders due to its reliability and trading conditions.
- Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the LunarCapitalTrader platform.
Lowest spreads with low commissions
A trading account is where you store funds and trade currencies or other assets. You can create multiple trading accounts for your LunarCapital profile, each with its own balance and leverage. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.
Its compliance with international standards demonstrates its commitment to maintaining financial integrity and customer trust. Scalping allows traders to take profit opportunities even when the price changes are very small. To make any meaningful profit with this strategy, you need to place multiple intraday trades.
STP (Straight-through processing) is basically done through electronic transfers. With cTrader, users can trade directly with prominent banks globally. It has no restrictions on Stop/Limit levels and allows users to perform multiple functions like reverse, double or close all positions in one click. CTrader has a desktop version, and is also available in apps for android and iOS. In this review, the FXStreet team presents an independent and comprehensive analysis of LunarCapital, grounded in direct testing and real user experiences.
LunarCapital also offers social copy trading, which is great for beginning traders. Considering the platform’s focus on emerging markets, social trading offers a safer way to explore these markets. Social trading isn’t foolproof, but scammed by Lunar Capital following experienced traders is often safer for new investors.
I found all platforms LunarCapital offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website. The big takeaway from https://lunarcapital.live/ my time with LunarCapital is that it doesn’t charge swap fees on any of its accounts which are usually reserved for swap-free Islamic trading accounts. Not only does this reduce your trading costs for longer-term positions but it won’t force you to close a position before being charged a swap. As an ECN (Electronic Communications Network) broker, LunarCapital delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network.
It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. In addition, LunarCapital provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues. One key factor distinguishing LunarCapital is that it does not charge swaps. LunarCapital (LunarCapitalFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices. LunarCapital is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary LunarCapitalTrader.
