This makes it easy for global traders to get started with the forex broker. LunarCapital offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides https://lunarcapital.net/ live chat and email support, ensuring that help is readily available.
New Forex trader’s FREE BONUS
LunarCapital serves clients in the EU through a company registered in Cyprus, and clients from the rest of the world through a company registered in the Comoros. The choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company’s website for a list of all payment methods. With LunarCapital, you can open a trading account denominated in US dollars, euros or British pounds. If you fund your account in a different currency, LunarCapital will use Hellenic Bank’s exchange rates, published here.
LunarCapital lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. There are several online casinos that give you free no deposit welcome bonus codes for signing up. BetMGM, DraftKings, Borgata & 888Casino are among the best, each giving you $20 to $25 for free. Stake is a social casino, which means that free casino welcome bonus is given as $25 Stake Cash.
Futures Fees
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Allowance For Broker Change – STARTRADER
Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. LunarCapital offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LunarCapital transparently displays on its website.
LunarCapital Alternative Brokers & Comparisons
- Most traders are unlikely to require additional assistance unless of an emergency.
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- The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds.
- The company providing very good spread conditions with Commission $0.
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LunarCapital provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. The code FINDER1500 gives you a $25 no deposit bonus with only 1x wagering requirements. In addition to the great welcome offer, the biggest online casino in America has a lot to offer to players.
We are also disappointed with LunarCapital’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, LunarCapital imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. Islamic traders will also be pleased that a swap-free account is available upon request. LunarCapital deposits are free, easy, and instant (if you pay by card or crypto). You could also receive a 100% bonus on your first deposit, up to US$2,000. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
Also, there are no other fees, including deposit or inactivity costs. The mentioned brokerage offers 1 live account type ECN XL with a swap-free option. LunarCapital provides access to the widely popular MetaTrader 4 (MT4) platform, known for its reliability and advanced trading features.
Range of platforms
Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes. However, bank cards and wire transfers take up to five working days. I rate LunarCapital’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support.
Yes, it is possible to have a profitable strategy when trading with LunarCapital, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. LunarCapital’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again. On the downside, LunarCapital’s high fees for most withdrawal methods are a disadvantage.
It’s the only one of these casinos available outside of real money casino states NJ, PA, MI, and WV. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. LunarCapital could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints.
Traders looking for a more extensive selection, particularly in stocks or exotic instruments, may find the offering somewhat limited compared to some larger brokers. Besides, there’s an ECN Promo account introduced by the company, but it’s not available yet. Opening an account with LunarCapital is a straightforward process designed to get traders started quickly.
The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but LunarCapital does not list them. Clients can find the provision in the Investment Services General Conditions PDF. LunarCapital has a clean regulatory track record and established itself as a secure and trustworthy broker. LunarCapital’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.
- Now, your account is created, and the login details are sent to the provided email.
- I always recommend that traders check them before evaluating the total trading costs.
- It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value.
- Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch.
The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders. LunarCapital places a strong emphasis on trust and security for its users. As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders. LunarCapital utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks.