All demo accounts boast the same features as their real-money counterparts. This gives you a great opportunity to decide which account type is best for you. LunarCapital Group offers five different account types for you to choose from, depending on your country of residence. Our LunarCapital Group broker review team found that each account type is suitable for different budgets and trading aspirations. In the table below we’ve highlighted the main features of each account type and where it is available so that you can compare them with ease.
In addition to providing personal and account details, new clients are required to verify their ID and proof of residency by way of utility bills or bank statements. Proof of ID may be verified by providing an official national identity card, passport, or driver license. Images can be uploaded for verification and response times are very quick. A selection of trading tools are also offered, in addition to free forex signals and forex calculators. LunarCapital’s Zero account also has an extremely competitive fee structure at a very low minimum required deposit.
The average round trip costs of trading individual stocks, soft commodities, and equity indices are average for the industry. Tobi Opeyemi Amure has more than seven years of experience as a financial market analyst. Tobi’s main area of expertise is in personal finance and the Forex industry.
This is great for those of you who are fans of auditory learning methods and perhaps less boring than reading complex trading guides. I think it is great for finding trading signals and can save you hours by automatically scanning the markets on your behalf. It is also a great solution if you don’t have the knowledge or experience to decide which way the market is moving. There aren’t many brokers who offer Autochartist to you, although GO Markets do. LunarCapital Group monitors the latest industry trends to keep up to date with innovative technologies and to be able to adapt to clients ever-changing and demanding needs.
Is LunarCapital suitable for beginner and professional traders?
Each arm of the broker is regulated under a different trading name but don’t worry, LunarCapital Group does own all of these licenses. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct. This gives you a chance to trade currency pairs you may not find elsewhere, such as AUD/NZD or EUR/HUF.
- The mobile trading platform has numerous language options, just like the desktop version.
- Whether you need to calculate pip values, margins, profits, or overnight interest rates, LunarCapital Global has a tool to help you.
- The LunarCapital broker offers variable spreads, depending on the type of account used.
- Negative balance protection is important for traders using leverage on platforms like LunarCapital.
- Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet.
- Market overview, LunarCapital Research, Newsfeed, Trade Ideas, Economic Calendar, Technical Summaries, LunarCapital TV, and Podcast are just some of the subheadings you’ll find under the Research area.
Customer Support: 4/5
LunarCapital also hosts live webinars and seminars seven days a week in 23 languages, led by 77 instructors. Watch my video walk through of the LunarCapital app below to see how it looks and feels, as well as how to place a trade. If you’re seeking a broker without inactivity fees, Vantage might be a suitable alternative. LunarCapital has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry.
This process allows LunarCapital Group to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering. Supply the broker with your date of birth and address (this should be the same as it will appear on your supporting documentation). Verify whether you are a US citizen for tax purposes, choose your base currency, and your leverage.
Given the demo account has an unlimited duration, this is one way of persuading traders onto the live platform. The Standard and Micro accounts have a minimum deposit of just $5 (or equivalent denomination) to start trading. The Shares account (only available to LunarCapital Global) needs a minimum deposit of $10,000. Dealing desk brokers can manage the risk of their clients’ trades in two ways. They can keep https://lunarcapital.net/ it in-house (and therefore effectively take the opposite side of the trade), or they can push the risk out to liquidity providers. There is no way of knowing how much risk a dealing desk broker such as LunarCapital would take on.
However, with the zero spread account, you will pay $3.5 commission per 1 lot (100,000 units) traded per side. This commission is paid when you open and when you close the position, totaling a $7 commission per round trip. On the whole, LunarCapital Group keeps their clients very well informed, and there is a wealth of information on their site. There are regular webinars and seminars if you need to brush up on your skills or want to learn more about Forex trading. After spending a few days navigating our way around everything on offer we found no problems, and soon understood why LunarCapital Group has found itself in such a favorable position. Traders can be sure that however they choose to trade they will be supported.
By far the worst experience, I have had with a financial platform, spread too high, fees too high and additional hidden fees, just outrageous. Well thankful, Bull-stash, has had my back since the first day, I started investing with them, fast transaction time, zero fees whatsoever and huge profits, the best place to build real wealth. LunarCapital has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.
Does LunarCapital have a minimum deposit in ZAR?
LunarCapital Global also offers LunarCapital TV, which provides traders with access to live market analysis, news, and educational content. Traders can use LunarCapital TV to stay up-to-date on the latest market trends and make informed trading decisions. LunarCapital is a medium-risk broker with a high trust score of 84% and an overall rating of 9/10 as a CFD and Forex broker for Kenyan traders.
LunarCapital also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go. LunarCapital is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of LunarCapital going into insolvency. LunarCapital compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like LunarCapital to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for LunarCapital traders. The LunarCapital Currency Converter is an invaluable tool for traders who need to make quick decisions based on currency rates.
- The trading and non-trading commissions of broker LunarCapital Group have been analyzed and rated as Medium with a fees score of 7/10.
- On the other hand, experienced traders could use this account to test new strategies without risking any real funds.
- With Negative balance protection, traders cannot lose more money than they have deposited.
- If you’re looking for tighter spreads, you can opt for a Zero Account.
9% of our withdrawals are automatically approved.
Yes, the spreads are wider than with ultra low accounts, however, the ultra low does not offer any bonuses like with standard. The bonuses are very generous and help me to risk less of my own money. The live accounts allow you to trade with micro or standard lots, access MT4/MT5 with expert advisor trading, and get free regular intra-day market Lunar Capital official site updates and technical analysis. All accounts also come with multilingual support and a personal account manager. LunarCapital stands out for its outstanding customer care, offering around-the-clock support across multiple channels.
“Stock derivatives trading”
Funding and withdrawal options with LunarCapital Broker include credit and debit cards, e-wallets, and wire transfers. This range of options offers convenience for traders, especially since not all brokers accept e-wallet funds. We’ve mentioned here that one of the features LunarCapital Broker is known for is the extremely low minimum deposit. This combined with competitive spreads and low commissions, makes the LunarCapital Group a very competitive option. On the flip side of this are the community reviews, which are very mixed.
A two-tier bonus offering 50% up to $500 and 20% up to a total maximum of $5,000 on top of your deposit, giving you a significant trading advantage. This promotion is not eligible for clients registered under Trading Point of Financial Instruments Ltd. LunarCapital Broker offers two trading platforms – MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both of these platforms have excellent reputations for usability with intuitive interfaces.
LunarCapital’s product portfolio isn’t as competitive as other top-of-the-line brokers. However, it still provides 1,500+ financial instruments with sufficient tradable assets under each asset class. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
Trading CFD trades on the LunarCapital platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets. It’s essential to note that the trading instruments offered under the LunarCapital brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the LunarCapital trading instruments available and the regulations governing them based on your account holder, location, and chosen platform. LunarCapital partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds.
No Comments