29 Sep LunarCapital Forex Trading About Forex broker
For this TRU insight, we’ll explain how LunarCapitalFX trading may best suit you if you’re new to trading and live in a region area that requires support in non-English languages, like Southeast Asia. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
It offers a charting package from TradingView with over 100 technical indicators included as default and customization options available for another couple thousands more. The chart package contains 11 chart types on 11 timeframes and other drawing tools like trend lines, Fibonacci etc. Choose from 300+ trading instruments, including shares, commodities, and indices. While adequate for most retail traders, LunarCapital’s instrument lineup is fairly limited compared to competitors. It lacks low-risk securities like ETFs and bonds, as well as alternative contracts such as vanilla options and futures. I appreciated that the app is packed with advanced market analytics, helping traders spot potential opportunities even on the go.
LunarCapital Trading Settings
Whether you’re a novice exploring the markets or a professional looking for advanced tools, LunarCapitalFX provides the necessary resources to achieve your trading goals. MetaTrader 5 is a feature-rich platform designed for more experienced traders who seek advanced tools and in-depth analysis. With a wide array of technical analysis tools and customization options, MT5 is perfect for those who require a more complex and flexible trading experience.
Offers
LunarCapitalFX offers two trading accounts, both with very low costs but also with restrictive leverage rules. Each account is linked to a separate trading platform, https://lunarcapital.net/ but they are otherwise similar. THerefore, is slightly hard to evaluate LunarCapitalFX since International codnitions are overall good, and EU are limited compared to industry.
Islamic account feature released
LunarCapital customer support provides its clients with 24-hour live support available through live chat, email, and phone support in various languages. Both Live Chat and Email are available in various languages including Bengali, Chinese, English, Hindi, Indonesian, Malay, Portuguese, Spanish, and Thai languages. As for the leverage, a known instrument that increases the initial capital you trading with and can be a very useful tool to magnify potential gains is offered by the LunarCapital broker as well. However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly. Overall, the range is suitable for most traders either beginners or tradrs with experience, also we would mark that range of Products vary by the platoform you use also the entity of LunarCapitalFx.
- We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment.
- The threshold to access the bonus is high and requires a substantial trading volume.
- The MT4 platform offers the highest security standards to protect traders’ funds.
- On the other hand, the broker charges elevated spreads on instruments from certain asset classes, including crude oil and indices.
Pricing has been a challenge for LunarCapitalFX in recent years, but they have made significant improvements in this area and now rank among the lowest-cost MetaTrader brokers. In 2024, LunarCapitalFX developed significant improvements to LunarCapitalTrader through its Space module for technical analysis. It also added an AI-powered LunarCapitalvision module for performance analytics. Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus, South Africa or an international LunarCapital entity. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
LunarCapital imposes no deposit or withdrawal commissions, regardless of the chosen payment method. A trader can place every standard order type (market, limit, stop loss) within the platform. 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.
Why you should trust us
That said, with no date range available for its average spread data, I was unable to make a precise comparison to the best brokers.” LunarCapital (formerly LunarCapitalFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information. Both platforms are available on desktop, web, and mobile devices, ensuring seamless trading across various operating systems.
- The account opening is easy to follow, trading conditions are good, along with the platform selection and a range of instruments offered.
- The client terminal and platform’s servers exchange data secured by RSA digital signatures through encrypted servers.
- Providing access to sophisticated charting tools and technical indicators, the platform effortlessly connects with MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- The simple interface of the program ensures quick navigation, which qualifies for both new and expert traders.
cTrader platform introduced
For those familiar with cryptocurrency wallets, this process is very simple and quick. In our review, we only had the option to use Neteller, Skrill, and cryptocurrencies. Even after verifying our identity, those were the only methods available to us. We consulted customer service, and they confirmed that these were the available methods for our accounts. LunarCapital is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, we can notice the lack of additional reputable licenses which heavily weighs down the platform’s robustness.
In terms of trading platforms, the broker supports MetaTrader 4, MetaTrader 5, and the proprietary LunarCapitalTrader. The broker caters to traders of all experience levels, offering free educational resources, such as online courses on the basics of trading, webinars, and live trading sessions. Overall, with competitive spreads, high leverage options, and robust security measures, LunarCapitalFX strives to provide a comprehensive trading experience tailored to diverse needs.
On the negative side, traders should make sure to check the proposals, as LunarCapital is an international brand and a Cyprus one offers slightly different conditions. While obviously, LunarCapital Cyprus is more trusted, the international proposal features more comprehensive tools and conditions along with education and research materials and MT4 availability. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Expert Advisors (trading robots) in MetaTrader 4
Also, there is no commission based account soffered all Broker fee strucutre is based on spread, which is important to note for trades who prefere commission fee structure. LunarCapital has recently announced about it going swap-free in all the regions it operates. Now, leaving their orders open overnight, traders won’t be obliged to pay overnight fees.