Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage. After clicking on the withdrawal option, next is the selection of the payment methods, and the amount to be withdrawn to get the withdrawal completed. The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams. The trading interface of Lunar CapitalTrader is quite unique, it presents users with extended functionality. It combines market data with charting, so customers can see live prices of instruments even as they perform live analysis. However, on a review that an account has been inactive for long it gets deactivated.
Does Lunar Capital offer a demo account?
One of Lunar Capital’s impressive features I found was the no swap fees on all of its accounts. This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks. Lunar Capital offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if Lunar Capital wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. Lunar Capital has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
The Mobile app offers market data; quotes in simple and advanced modes. Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information. According to the Lunar CapitalFx website, the broker does not charge any fee on deposits and withdrawal. They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply. However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions. Yes, Lunar Capital is legal and regulated across multiple jurisdictions covering the EU and Asia.
Social Trading – Copy Trading
Traders use several tools to gather information on what kind of analysis traders are using in this trade market. See below to know about the various available platforms of Lunar CapitalFX. Lunar CapitalFX offers a wide range of payment methods for deposits and withdrawals. These include bank transfers, credit/debit cards, and popular e-wallets like Neteller and Skrill. Processing times are typically fast, with most transactions taking place within a few hours to a couple of business days. On Lunar CapitalFx, customers can withdraw funds from their trading accounts using the same ways they deposited.
Lunar Capital Customer Support Test
This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs. It is specially offered while the market volatility keeps clients from allowing their accounts go in the red. In such a scenario, Lunar CapitalFX provides the ability to reset a clients account balance to zero. You simply need to complete a single-user profile survey to start depositing money into your trading account.
Lunar CapitalFX Review: A Comprehensive Look at the Forex Broker
These sessions dive deep into various trading strategies, offer insights into the nuances of fundamental analysis, and provide a platform for traders to ask their pressing questions. Whether you’re a novice trying to understand the basics or a seasoned trader looking to refine your strategies, our webinars are tailored to meet your needs. Our commitment to safeguarding your investments is evidenced by our negative balance protection feature available to every client. Our robust risk management system ensures that you can never incur losses beyond your initial deposit. Should your balance go negative due to unforeseen market movements, Lunar CapitalFX promptly adjusts your account balance back to zero.
The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date. With Lunar Capital being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow. This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities. As an ECN (Electronic Communications Network) broker, Lunar Capital delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network. This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
Market Data
One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your Lunar Capital account. You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. If you want to see how Lunar Capital’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use.
- However, for live account types, clients must complete the KYC process before initiating positions or withdrawals.
- It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients.
- They can then trade as usual and earn additional income whenever others choose to copy them.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
Conversely, Lunar CapitalFX.com is a product of Lunar Capital Markets Incorporated, based in St. Vincent and the Grenadines, offering its users the benefits of higher leverage and promotional bonuses. When considering both price structure and range of instruments to trade, the MT5 Pro account is generally the best of the three options. The cTrader account is not far off but is limited to 28 forex pairs and 2 metals markets but offers a differential by being a commission-based account.
Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks. What makes this broker unique is it its large variety of tradable assets and the laser-fast order execution. They offer seven asset classes and more than 12,000 markets to trade. Roboforex is registered in Belize, and regulated by the CySEC, FCA, ASIC, and FSA.
The research section also includes specific trading ideas, target prices, and key price levels to watch. Lunar Capital excels in research, offering regularly updated commentary written by in-house analysts and trading ideas. In addition, clients can utilize research from third-party provider AutoChartist. I rate Lunar Capital as better than the industry average in this category. In my tests, I received speedy responses—the same day for email and a wait of just a few seconds for live chat. Despite the lack of phone support, I rate Lunar Capital as average in this category.
- Lunar Capital offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments.
- Lunar CapitalFX has built a reputation for providing reliable and robust trade execution and industry standard add-ons such as Quick Trade functionality are available.
- Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares.
- Yes, it offers a proprietary trading platform known as Lunar CapitalTrader.
But so far throughout their 12+ https://lunarcapital.net/ years in business, Lunar CapitalFX has maintained an impeccable reputation. Turns out the CySEC is the independent regulatory body responsible for financial oversight in Cyprus. They make sure companies like Lunar CapitalFX adhere to strict rules and treat customers fairly. Islamic accounts ensure that trading activities comply with Islamic finance principles without sacrificing trading capabilities.
By the end of this review, you’ll know exactly what to expect from Lunar CapitalFX and whether or not they are a legit and reliable broker to trade with. We’ll even compare them to other top forex brokers so you can make an informed decision. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Lunar Capital has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. Customer service is highly responsive, with one drawback being that there is no phone support. Lunar Capital also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges.