LunarCapitalTrader is the most basic option but best for beginners out of the three platforms in my opinion with an attractive user interface. In particular, it has a Pattern tool that lets you apply a variety of technical analysis on your charts automatically which is useful if you are new to forex trading. I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads LunarCapital supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested. In the beginning, LunarCapitalFX started its service by offering the MetaTrader 4 platform and till today, the Micro account comes equipped with this popular trading software. However, LunarCapitalFX has acquired a license from MetaQuote to offer the latest version of the software, MetaTrader 5 for its Pro accounts.

He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. When choosing my account the broker offers three options which are essentially the same Standard account but used for different trading platforms. It offers true ECN accounts via cTrader, which requires brokers to connect at least one major and reputable liquidity provider to the platform. So, we can be sure that the ECN account is really a direct market access account.

Does LunarCapitalFX have Research and Education services?

You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance. MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies. If you lack the programming skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 Lunar Capital company reviews community you can use. MetaTrader 5, and LunarCapitalTrader giving you a decent choice for personalising the way you can trade with the broker.

Even though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips. All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer. This account type is a great starter account, though at the moment is not available to EU traders.

Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. I think having LunarCapital Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold. The LunarCapitalTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes. However, after testing I found the platform covered the top indicators like volume and moving averages along with Fibonacci retracement tools. Out of the platforms available, I believe MT5 is your best option overall as it allows you to trade all asset classes and improves on the features of the MT4.

With numerous awards from leading industry publications, they have positioned to be a leading broker in the Forex market. All of the platforms on offer are well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the LunarCapitalTrader platform is developing a following of it’s own. It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others.

LunarCapitalFX has a registered subsidiary in Cyprus called LunarCapital Markets Cyprus Ltd and it serves mainly clients from the European Economic Area. The head office of the company is located at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent, and the Grenadines. Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country. The broker has recently given up its regulatory license with the Financial Conduct Authority in the UK.

• LunarCapitalFX is a good ECN DMA broker choice and great for scalping, hedging, and autotrading.
• LunarCapital is based in Saint Lucia but has multiple entities outside of Saint Lucia to provide financial services to clients in 180+ countries.
• You can experience an “over the shoulder” session with a trader which is helpful to get professional feedback on current market events.
• Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading.
• This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be.
• For seasoned programmers, cTrader would be the preferred platform as its language is closely based on C#.

Trading Conditions

LunarCapitalFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics. The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets. It’s good to see LunarCapital offer MetaTrader 4 as it is one of the most recognised trading platforms for retail forex traders in Malaysia thanks to its advanced charting tools. I like that out of the box you have access to 30+ technical indicators from moving averages to Bollinger bands and 24 analytical objects making on-chart technical analysis simple. Raids revealed that the forex trading app routed investor funds through mule accounts into escrow accounts of unauthorised payment aggregator Dinero Payment Services. Additionally, shell companies posing as e-commerce platforms were taken aboard using fake KYCs to access payment gateways and avoid detection.

Open an account on a trading platform

Explore the vibrant world of index trading by leveraging the powerful MT4 and MT5 trading platforms offered by LunarCapitalFX. With us, you’re not just restricted to one or two choices; we bring to your fingertips the opportunity to profit from 10 of the globally recognized indices. This list includes the iconic Dow Jones, the tech-heavy NASDAQ, Japan’s premier Nikkei, and the European benchmark, Eurostoxx 50. One of our standout features is the provision of negative balance protection. So, in the unlikely event that your investment faces a substantial risk and your balance turns negative after an unfavorable order, we’ve got your back. We’ll reset your balance back to zero, ensuring you’re never in debt.

Deposit and Withdrawal Methods

Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account. These are two offshore regulators that allow LunarCapital to provide secure financial services in 180 countries. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on LunarCapital to provide this. The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation. Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the LunarCapitalTrader platform.

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When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and https://lunarcapital.team/ unbiased information. LunarCapitalFX does not charge any fees for withdrawals and also covers any fees imposed by payment systems, allowing traders to withdraw funds without incurring additional costs.

Forextraders’ Broker of the Month

• The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested.
• This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question.
• We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
• When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources.
• Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account.

So, if a lot of people want to buy a currency, its price goes up; if not many people want it, the price goes down. It operates in different parts of the world in different time zones, so you can trade almost whenever you want. Majors are the best Forex pairs for novices, especially EURUSD, GBPUSD, and USDJPY.

For example, the Micro account’s recommended deposit is $100, but it increases to $500 for the Pro account. On the other hand, the cTrader based ECN account’s recommended minimum deposit is much lower, at $100. LunarCapital has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. Rather than specializing in any one field, LunarCapital provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, LunarCapital has room to enhance its research offering.

I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements. I find MT4 makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line. This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. Over the last decade, the company has expanded its operations worldwide and currently serves 1.5 million clients from over 100 countries.