It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, LunarCapitalFX leverage magnifies both profits and losses in trading. You can trade a wide variety of instruments with LunarCapitalFX over 300 instruments in fact. This means LunarCapitalFX are supervised by and is checked for conduct by the MISA (Mwali International Services Authority) (T ) regulatory bodies.
Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading. One of the best choices for your first steps as a forex trader with LunarCapitalFX is an MT4 Micro Account. With LunarCapitalFX another of the measures in place to keep you safe as a trader is negative balance protection. This means that you can never lose more money than the balance of your account.
Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise. The LunarCapitalFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type.
LunarCapitalFX Trading Platform Options
LunarCapital offers a reliable and accessible trading platform for traders globally. It provides a wide variety of financial instruments, https://lunarcapital.live/ educational materials, and operates without commissions, making it a strong choice for both beginners and experienced traders. Additionally, its user-friendly approach supports diverse trading needs. LunarCapitalFX’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders. The broker’s commitment to providing a diverse and cost-effective trading environment empowers clients to implement various strategies across multiple markets, enhancing their potential for success.
Desktop Trading Apps
If you’re looking for a broker with reliable email support, LunarCapitalFX is worth considering. Explore the LunarCapitalFX platform and train yourself to think systematically and logically about the markets. Experienced LunarCapitalFX traders can trade high risk CFD trades to hedge items in their portfolio. Autochartist on the LunarCapitalFX platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
LunarCapitalFX is a Multi-Assets Trading Platform with over 300+ Assets
- MT4 on LunarCapitalFX offers traders comprehensive features and tools to enhance their trading performance.
- LunarCapital uses a zero-commission, no-fee model that appeals to traders wanting simplicity and transparency.
- But we don’t stop there – we also offer valuable insights into other great alternatives to LunarCapitalFX, so you can make a more informed decision and compare other brokers against LunarCapitalFX.
- These include phone support based in the UK, Hong Kong, and Indonesia, email contact, and a website based live chat facility which was both extremely prompt and helpful when tested.
- The dashboard, or client portal, provides relevant information and tools regarding the account.
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). It is MiFID regulated but not publicly traded, and it lacks ASIC and FCA authorization.
- Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
- From the LunarCapital app, users can open positions in the LunarCapital account as well as in MT4 and MT5, which can also be done using those specific applications.
- Download our app and keep track of your orders whether you’re in the office, on vacation, or at home.
- Many traders report slow or delayed withdrawals, sudden leverage reductions, and execution issues such as slippage or account freezes.
- Furthermore, although LunarCapital does not charge inactivity fees, traders who deposit or withdraw in currencies other than USD or EUR could have to pay for the conversion.
- This approach aligns with international standards, ensuring that your deposits are protected and cannot be used for company expenses or liabilities.
Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the LunarCapitalFX trading instruments available and the regulations governing them based on your account holder, location, and chosen platform. As a result, selecting the right trading platform like LunarCapitalFX requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like LunarCapitalFX available, each with unique features, fees, and regulations.
LunarCapitalFX Pros and Cons
Rebates are credited directly into traders’ accounts weekly, providing maximum convenience. LunarCapitalFX provides an exclusive cashback rebate scheme for UAE traders, allowing them to recoup some of their trading costs. MT4, MT5, and LunarCapitalTrader users can earn rebates ranging from $4.80 to $8 per lot, regardless of trading results. To use the VPS service, you must have an active account and a minimum deposit of $500. Yes, LunarCapitalFX occasionally hosts webinars and offers online courses to help traders improve their trading skills.
With so many options and reviews that seem too good to be true, how do you know who to trust with your hard-earned money? 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. LunarCapital Cyprus entity together with its operations established under ESMA rules offers lower leverage levels as defined by the regulator. This means that European traders or those clients that are registered with LunarCapital European entity will fall under ESMA regulation Leverage.
Account Types
You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question. 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. I was curious to know why they offer this as other brokers are not so generous when it comes to absorbing the swap costs. LunarCapital said that offering swap-free accounts aligns with its business goal of serving a global clientele.
Does LunarCapitalFX offer negative balance protection?
LunarCapital (LunarCapitalFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices. LunarCapital is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary LunarCapitalTrader. It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence. 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.
With so many fly-by-night brokers out there, it’s normal to wonder – is LunarCapitalFX legit? These were some of my first questions when I started researching LunarCapitalFX too. Yep, this forex broker is still a spring chicken compared to some of the old dinosaurs in the industry. But in its short life, LunarCapitalFX has already made quite a name for itself. At LunarCapital there is an option to submit for a Demo practice account and use the unlimited sources to polish strategy or get to know platforms and LunarCapital conditions better.
The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. All payments made to LunarCapitalFX by traders are securely held in a segregated bank account. When considering LunarCapitalFX for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as LunarCapitalFX, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors.