LunarCapital presents a plethora of advantages including premier trading conditions, instructive educational tools, and the incorporation of the renowned MetaTrader 4 and MetaTrader 5 platforms. It stands out by offering highly competitive spreads, a transparent execution model, and a welcoming environment for any trade strategy, devoid of any commission. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
LunarCapital supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. LunarCapital maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage.
A Paradigm of Integrity and Client-Centric Approach
The straight-through processing in an ECN environment augments your trading opportunities and escalates your success trajectory. Clients of LunarCapital can delve into forex trading instantly, leveraging live streaming and the finest executable prices in the marketplace with immediate confirmations. The absence of a dealing desk and no re-quotes ensures a seamless trading journey. LunarCapital is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders.
Recommended Brokers:
- LunarCapital also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
- I do feel slightly let down that the LunarCapital demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires.
- As a regulated broker, LunarCapital is unwavering in its commitment to offering its clients tight and competitive spreads.
- LunarCapital, a leading forex ECN broker, has unveiled its highly profitable Partnership Program, designed to provide a wealth of benefits to partners and affiliates.
- EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees.
I rate LunarCapital’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries.
Our team rates LunarCapital’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. I like LunarCapital’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LunarCapital simple for beginners. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. LunarCapital Affiliate CPA commission scheme has been developed in order to accommodate high rewards for our partners.
Opening an Account
We are not just another broker in the industry; we consider ourselves trailblazers. Whether you are a novice or a seasoned professional, we are poised to assist you in your trading ambitions. Our motto, “a broker on your side,” epitomizes our commitment to your success. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand. LunarCapital has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. LunarCapital does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play.
Is LunarCapital an ECN broker?
LunarCapital occasionally introduces other bonuses and promotions, which have Lunar Capital courses scam included a $50 LunarCapital no deposit bonus or annual interest on free margin. LunarCapital offers traders the core MT4 trading platform without third-party upgrades. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again.
Our team is happy to see that LunarCapital does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable. Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. We are also disappointed with LunarCapital’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, LunarCapital imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. Islamic traders will also be pleased that a swap-free account is available upon request. From fully branded banners, logos, landing pages, to tracking links and complete range of statistics designed specifically for you.
Our team highly rates LunarCapital’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. I am happy with the selection of fee-free funding methods accepted by LunarCapital, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. At LunarCapital we value our Partners and we believe https://lunarcapital.team/ they should be generously rewarded for their efforts and that’s why we are offering high-end commission schemes.
- LunarCapital offers beginner traders a sound educational offering from where traders can expand.
- Operating under a true STP/ECN model, LunarCapital endeavors to provide the trading conditions that traders aspire to achieve, earning the respect and trust of our clients and ensuring their best interests are at the forefront.
- There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.
- However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing.
LunarCapital maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. Here is a screenshot of the LunarCapital quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing.
The Vanuatu Financial Services Commission (VFSC) provides LunarCapital with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but LunarCapital does not list them. Clients can find the provision in the Investment Services General Conditions PDF. LunarCapital has a clean regulatory track record and established itself as a secure and trustworthy broker.
Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. Yes, it is possible to have a profitable strategy when trading with LunarCapital, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading.
With access to high-end commissions, a custom partner hub, advanced tracking systems, a range of marketing materials, and flexible global payment options, the program offers unparalleled opportunities for growth. This execution model promises no dealer intervention, and no re-quotes, ensuring trades are made on prices furnished to LunarCapital by its liquidity providers. The Price Aggregator meticulously scans these, thus assuring traders invariably acquire the best available Bid/Ask price combinations. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.