LunarCapital FX Trading Platform Reviews, FAQs, Pros and Cons

Both the user and any interested party can access this section to see the performance of accounts https://lunarcapital.live/ that have opted for public visibility. Additionally, the LunarCapital platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation. Alerts and each executed order are notified through browser notifications. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity.

LunarCapital trading app

When it comes to availability, LunarCapital FX works with most countries of the world. As for account management, I found the deposit and withdrawal services to be fast with same-day funding and withdrawals with no fees. My experience with LunarCapital has been largely positive thanks to its excellent ECN trading conditions giving me low spreads that averaged 0.80 pips on EUR/USD with no commissions. LunarCapital has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs. I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the LunarCapitalTrader and MT4 only offer 32 pairs.

Overall, LunarCapital can be summarised and classified as a trustworthy and worthwhile broker operating in Nigeria. LunarCapital is very competitive in terms of its trading fees, with low spreads rounding off its offerings. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Trade and Win program launched

The custom-built LunarCapitalFx mobile trading app features a simple yet functional user interface. The respective app versions are downloadable from the Google Play Store or App Store for Android and iOS-based mobile phones. The term leverage is the ability to have access to added funds – margin – when trading financial instruments. Although increasing your margin could boost your market exposure, it also raises your vulnerability to losses. The spread for all available currency pairs offered by LunarCapitalFx – including major, minor and exotic pairs are listed in the table below. LunarCapital offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa.

It offers a great deal of mobility as itrequires no markup and provides ample liquidity access. This account type is meant for traders who wish tohave the maximum leveraging options with the least monetary investment. Theminimum deposit required to start this type of account is $50. The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker.

Dedicated financial market writer with a passion for unraveling complex financial concepts into engaging and informative content. With a keen eye for trends and a deep understanding of the Nigerian financial landscape, I craft compelling narratives that empower readers to make informed decisions. My expertise lies in specific areas, e.g., investment analysis, crypto, economic reporting, fintech trends. I thrive on translating intricate financial data into accessible insights, making complex topics understandable for both experts and the general public. I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

• For novice and even experienced brokers, LunarCapitalFX offers a wide rangeof educational materials.
• Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks.
• Theactual commission charge is based on a mixture of standard prices and markupspreads.
• Moreover, this forex trading broker offers a broad FAQ section which covers almost everything about forex trading, plus free educational materials to help new consumers enter the trading sphere.
• It’s trusted by individual investors, introducing brokers, and trading companies.

MetaTrader 5 Account

However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services. Periodically, LunarCapital offers the LunarCapitalFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders.

A lot of brokers consider them mutually exclusive, so only offer one, if any at all. The in-house LunarCapital copy trading function is a welcome addition to the suite of services. It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options. A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks. The account opening process of the broker is straightforward and can be continued if accidentally stopped.

Withdrawal Options And Fees

Accessing the bonus is a straightforward process and can also be configured automatically. The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. During the review, we faced a minimum deposit of 50 USDT (Tether).

That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. From among the trading systems known as “Master Traders” to copy on LunarCapital’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 Lunar Capital reviews high achievers, 360 experts, and 223 legends. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. This ensures that the broker corresponds to the European Securities and Market Authority (ESMA) standards as well as the Market in Financial Instruments Directive (MiFID II). The EU arm of LunarCapital FX guarantees openness via adherence to monetary and moral laws requiring it to have at least €730,000 of operating capital.

LunarCapitalFx Copy Trading

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. Other traders’ positions can be copied automatically or modified. With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, LunarCapitalFx has a Copy Trading app developed differently from the mobile app.

In terms of trading strategies allowed, scalping, expert advisors and hedging are all permitted across each of the two account types, which is not to be taken for granted. LunarCapital Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain LunarCapitalFX.eu. This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards. LunarCapital is a popular Forex and CFD broker in Nigeria, known for its simple platform and beginner-friendly features. It allows traders to buy and sell currencies, stocks, commodities, and cryptocurrencies with ease. Again, in addition to copy trading, it offers a wide range of educational materials inclusive of videos and articles which are meant to help beginners find their feat.

We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment. At TopBrokers, we’re dedicated to providing up-to-date, unbiased reviews on trading platforms. LunarCapital is a little less known than some of the major players in the forex trading industry. However, they have built a sizable following with a dedicated user base. Here, in our LunarCapitalFX Review, we’re going to break down what they offer, piece by piece.

• However, they’re not extensive enough to warrant a score higher than a three in this category.
• We have noticed some occasional issues with withdrawals and technical issues.
• The deposit options with LunarCapital are decent, giving you multiple ways to fund your account with no deposit fees.
• If they were regulated by authorities such as ASIC or FCA, this would further enhance their reliability.
• With competitive spreads, high leverage options, and robust security measures, LunarCapitalFX strives to provide a comprehensive trading experience tailored to diverse needs.

Clients are allowed to trade their favorites, and at that, with low spreads. Everything you need to start trading from beginning to advance level, this website is providing you. Their educational videos are up to the mark and one can learn everything about trading from beginner to advanced levels of Forex Trading. With LunarCapital, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies. It has several entities around the world and provides services by industry standards. LunarCapital affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets.

We have designed our trading platformto meet all your trading needs.

Flexibility can also be found in the wide range of account options. For example, the Micro Account is good for beginners, with zero commissions and super low minimum deposits. Advanced traders will lean more heavily toward the ECN account with tight spreads and direct market access.

Most of the trading tools and indicators offered via the desktop version are readily available on the mobile trading app. We will review some of the trading tools offered on the mobile trading app below. We like FXOpen as an alternative to LunarCapital for the flexibility it offers. Besides MetaTrader, FXOpen offers a proprietary platform and WebTrader.