CySEC is a top-tier regulator ensuring LunarCapital meets strict standards and offers protections like negative balance protection and segregated client funds. However, LunarCapital’s global entity, registered in Nevis, is disappointing as it offers less protection and access to compensation schemes for clients outside Europe. Despite this, LunarCapital provides negative balance protection across both its EU and offshore entities, unlike some competitors. To enhance trust, LunarCapital could follow leaders like IG and Interactive Brokers, which have authorization from multiple top-rate regulators. LunarCapital offers several unique features that set it apart from other brokers.
Withdrawal Fee
However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. LunarCapital has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold.
First Deposit Bonus
The service is available for free to accounts with a funded and maintained balance of at least $2,500 that also achieve a monthly traded volume of at least 30 lots. Otherwise, the user may be required to pay a $30 subscription fee. LunarCapital operates two entities, which are licensed and regulated by CySEC (Cyprus) and MISA (the Comoros Union). The broker keeps client funds segregated and ensures negative balance protection. On the other hand, copy trading isn’t supported, and the research content is somewhat limited.
Does LunarCapital Provide Various Trading Platforms?
LunarCapital stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, LunarCapital provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- The account also does not have a minimum deposit requirement, making it very affordable.
- As shown above, MetaTrader’s charts can quickly become cluttered, even with just two indicators.
- Processing times are generally fast, and traders can choose from a wide range of currencies.
- That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed.
- Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours.
How do I deposit money into a LunarCapital account?
All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them.
Yes, LunarCapital provides a free demo account to simulate real-market conditions without risking capital. Based on the information on the website, the support department is available 24 hours, Monday to Friday. 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.
The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. The https://lunarcapital.space/ three chart types MT4 offers are far behind newer alternatives such as TradingView, and the 9 time frames from 1 minute to 1 month have also been surpassed by many other platforms. LunarCapital supports trading via the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, with MT5 added in 2025. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
- LunarCapital utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users.
- Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat.
- We use a simple three-tier system to rank regulatory bodies—Tier 1 being the most trusted and offering the highest level of protection.
- That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.
The broker doesn’t charge deposit fees, and while some withdrawal methods may involve third-party processing fees, LunarCapital has your back—it reimburses those fees when you fund your account. The MT5 platform features a massive range of 21 timeframes and also supports one-click trading and DoM trading, making it a suitable choice for scalpers. Additionally, LunarCapital provides free VPS hosting for low-latency trading and achieving average order execution speeds of below 10 milliseconds.
While LunarCapital does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, LunarCapital provides the necessary tools and instruments to engage effectively in global financial markets. LunarCapital is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices. LunarCapital offers traders access to commission-free raw spreads from 0.0 pips with average costs at 0.5 pips or $5.00 per 1.0 standard lot. Forex.com is more expensive, with minimum trading costs in its commission-free and commission-based accounts at $8.00, while average fees are notably higher, even with the volume-based rebates offered. LunarCapital shines with its ECN XL live account, offering tight spreads without charging a commission.
Still, if competitive fees and fast execution are what you’re after, LunarCapital could be just the broker for you. LunarCapital operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. LunarCapital brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. But, if you’re interested in stocks or in-depth education and research, LunarCapital might not be suitable. The offshore regulation for non-EU traders and high withdrawal fees are also downsides. Unfortunately, LunarCapital charges a withdrawal fee and a $5 inactivity fee after 120 days, unlike Vantage, which has no such charges.
LunarCapital allows users to open an ECN XL account with no minimum deposit, making it accessible to all trader levels. This broker has earned industry recognition for its STP/ECN brokerage model and trading account offerings. In 2019, World Finance Magazine named it “Best STP Broker” and “Best Trading Account”. LunarCapital offers an attractive 100% first deposit bonus to both new and existing clients holding an ECN XL account.
The broker doesn’t charge any deposit fees and even reimburses third-party banking charges. However, withdrawal fees may apply depending on the chosen payment method. The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users. We are committed to our clients’ success, by delivering competitive pricing, via the fairest and most transparent order process in the retail forex trading market. LunarCapital’s main objective is to empower its clients with all the tools they require, to develop their skills, whilst enjoying an unrivalled trading experience, during every step of their journey. LunarCapital is regulated by the Cyprus Securities and Exchange Commission (CySEC) under FX Central Clearing Ltd, offering security for European traders.
Customer Reviews
The mobile applications have proven to be stable and reliable during testing. Yes, LunarCapital is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has registration in Nevis as an International Business Corporation. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score.