Lunar Capital Review: Key Features, Pros and Cons

Traders should carefully review these before participating in any promotional offers. We will make sure to update our articles with the latest offerings of the broker. The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms.

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Clients at Lunar Capital may engage in IPO investing, a service I like, as it offers clients a chance to participate in high-risk, high-reward investments. API trading is available for demanding traders with custom algorithmic trading solutions. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.

Lunar Capital Customer Reviews

Additionally, Lunar Capital offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app. Likewise, the firm offers an iBROKER Mobile App for futures traders. The Lunar Capital minimum deposit amount to open an account is $100. However, a minimum balance of $2,500 is required to begin trading.

Prospective clients can begin by filling out an online form on the broker’s website, providing details about their trading experience, financial background, and personal information. Upon submission, clients are asked to verify their identity and address, typically by supplying a government-issued ID and a recent utility bill or bank statement. This is a standard KYC (Know Your https://lunarcapital.vip/ Customer) procedure, aimed at ensuring compliance with anti-money laundering regulations. Once your documentation is approved, you can proceed to fund your account and begin trading.

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Personally, I would expect my broker to willingly accept phone calls. There are several technical studies available, including Aroon Oscillator and ZeroLagMa. Below are some common comparisons of Lunar Capital with other brokerage companies. A partner who becomes an introducing broker gets rewarded for every trade executed by its client. Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro. It is worth noting that Lunar Capital has a margin call of 100% and a stop-out level that is triggered when your account falls below 50% of the required margin.

🏆 Top Rated Services 🏆

Lunar Capital and FXChoice share two common trading platforms – MT4 and MT5. Lunar Capital further https://lunarcapital.net/ supports CQG and ROX while FXChoice supports web terminals. FXChoice has a lower minimum deposit of $10 compared to the $200 by Lunar Capital.

However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone.

• If you are looking for a convenient way to trade the markets, I would certainly give them further consideration.
• Another offer of the company, the chance to use the zero rate for investments in shares on Lunar Capital platform.
• It is quick and easy to get started with an account from just $100.

Broker maintains up to 14 different types of user accounts on its platform. In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. The data contained in this website may not be real-time and accurate.

User Satisfaction i

Lunar Capital offers its clients different trading accounts to suit different clients’ needs. With the option of using different currencies such as USD, EUR, and RUB the platform is accommodating. On the other hand, one of the traders on the platform complains of losing half of the initial investments. The trader further blames Lunar Capital for lying to investors by making empty promises. The promises made to the trader include guidance and risk management that were not delivered – resulting in a huge loss. Lunar Capital is a forex trading company in the financial sector that opened its doors in 2006.

Supports a Small Variety of Cryptocurrencies

They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions. However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly. I also like the automated trading features of these platforms and fact you can find a plethora of free and paid add-ons to enhance the platforms capabilities even more. That being said, the platforms built-in tools should be more than enough for most traders.

Again, this fares well with many firms that charge a commission of $3.50+ on their ECN solutions. Match any two of these requirements to qualify as a professional client. We have compared the range of assets and markets supported by Lunar Capital with its competitors, making it easier for you to find the perfect fit. The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. Lunar Capital has a safety score of 8.5/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

• In this section we’ll show you how to open a live trading account with Lunar Capital.
• Our review shows Lunar Capital scores less favorably when it comes to withdrawals.
• Now, I’m getting a tad bit ahead of myself, but when you’ll find yourself registering on the site, you’ll have two options to pick from – either the MT5 platform, or the cryptocurrency exchange.
• You can register with the system on the broker’s homepage by clicking the “Apply” button.
• For instance, the FRA40 follows the performance of the top French company shares.

This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. Its lesser brand recognition, potential inactivity fees, and somewhat limited educational resources might be areas of concern for some users. Nonetheless, the firm’s commitment to providing robust platforms and competitive pricing cannot be ignored. If you are in search of an affordable multi-asset broker with strong technological foundations and a decent record of regulatory compliance, Lunar Capital is definitely worth exploring further.