This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics. Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity. I would personally have no issue in trusting them with my funds and can therefore trade without worrying. The broker has come under fire from clients and reviews alike for its high inactivity fees.

This contains podcasts and articles designed to provide a comprehensive overview of forex and CFD trading, with content for beginners and experienced investors alike. The withdrawal process is far less clear, with no information on the website regarding withdrawal time, methods or fees. However, we can assume that investors can also use all supported deposit methods for withdrawals. In addition, most brokers have a withdrawal processing time of between 24 and 48 hours. Trading fees significantly impact an investor’s decision to sign up to a broker like LunarCapital.

Regulation

Worryingly, the company is not very transparent about its withdrawal methods or fees and many report significant admin fees on some of the withdrawal methods. While little information is provided for the first three trading accounts, the progressively lower minimum spreads would suggest that eligibility for each account is based on trading volume. Currency investors also have the option of six currency futures products, including USD, EUR and GBP markets. Founded in 2010, LunarCapital Group has provided forex and CFD trading to traders worldwide for over a decade.

While the choice between live, ECN and STP LunarCapital accounts will appeal to some, the lack of transparency around withdrawal fees may be a red flag many can not ignore. Many traders appreciate the chance to practise trading on a new brokerage platform before opening a real account. With this in mind, the broker offers a risk-free demo account for clients to try out strategies, learn new markets and test EAs. LunarCapital offers a range of CFD instruments across multiple markets, including forex, indices and stocks and commodities. However, there are no cryptocurrency products available to UK clients, so Bitcoin and Ethereum enthusiasts should look elsewhere. LunarCapital clients can benefit from round-the-clock coverage delivered by one of the world’s largest and most accomplished global client coverage teams.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. LunarCapital, founded in 2010, offers a range of forex and CFD trading options. With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors. There is an excellent selection of forex currency pairs (major, minor and exotics) to trade, 24 hours a day, 5 days a week. You can choose your own leverage and have unlimited access to some of the largest liquidity providers through LunarCapital.

• Spreads start from 0.0 pips on selected major pairs using a low spread account type.
• If you are looking for a reliable trading broker with everything that you need in once place and much more, LunarCapital are a top choice.
• All BrokerNotes content is researched, fact-checked, and edited by the research team.
• LunarCapital offers access to trade a decent amount of around 300 trading instruments across multiple markets including Forex, Commodities, Futures, Stocks, Shares, Indices, Metals, Energies & CFDs.
• MetaTrader 5 is not supported, nor has the broker announced plans to integrate this platform.
• You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading Instruments Comparison

Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds. Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. The firm also runs Twitter, Instagram and Facebook accounts, where clients can keep up to date on market and platform updates and contact the support team.

About MetaTrader 4

LunarCapital became a prominent global broker soon after its launch due to high profile sponsorships from partners that include FC Barcelona and significant welcome and deposit bonus programs. However, the company has fallen foul of regulations in Europe on several occasions, with clients accusing the company of withholding their funds. While the broker is no longer under investigation from CySEC after a €335,000 settlement in 2015, many may still be wary of the company after this scandal. LunarCapital offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options. However, its total tradeable symbols are far below the industry average of 3,623. Choose between Live and STP/ECN trading accounts, offering both floating and fixed spreads.

Wide Range of Products

Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. If you prefer a fixed spread for your trading strategy then you could consider a no commission account.

• This website is not directed at UK residents and falls outside the European and MiFID II regulatory framework, as well as the rules, guidance and protections set out in the UK Financial Conduct Authority Handbook.
• Bespoke technologies empower our clients to trade with precision, without slippage and re-quotes.
• Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds.
• Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).
• I would personally have no issue in trusting them with my funds and can therefore trade without worrying.

You should only engage in any such activity only if you are fully aware of https://lunarcapital.net/ the relevant risks. This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms. Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go. In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team. Entering the financial markets with LunarCapital is simple, transparent and supportive for all levels of investors. As well as evaluating a broker’s product portfolio, fee structure and trading tools, we consider the availability of GBP-denominated accounts, the presence of UK-based customer support, and FCA authorisation.

Forex

However, it is not clear whether these trade resources are available to UK account holders or not. Many of LunarCapital’s competitors offer new clients a welcome or deposit bonus to entice them onto their platforms. Indeed, the international brokerage gained notoriety for its significant bonus programs in its early days. However, due to FCA regulations, the broker cannot offer any promotions to its UK clients.

Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research.

All accounts allow both hedging and netting through the MT4 trading platform. Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.

I personally use digital wallets as they allow me to move my funds around faster. This can be vital if there is a scenario where there is some major market news that I need to try and capitalise on. If that was the case, I wouldn’t want to be waiting around for days whilst a bank transfer clears. If you are new to trading online, then you will be pleased to find a demo account option. This can be the perfect way to get used to using the platforms and for testing your trading strategies in a risk-free environment.

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