Forex Trading

Best Forex Trading Platform and System Forex Software

  • July 26, 2022

Lunar Capital supports trading via the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, with MT5 added in 2025. Withdrawals at Lunar Capital are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. This means that clients of Lunar Capital’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. CySEC is a top-tier regulator that helps ensure Lunar Capital follows strict business standards and implements safeguards like negative balance protection and segregated client funds.

  • You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Lunar Capital’s ‘No Dealing Desk’ execution model comes with no dealer intervention and no re-quotes.
  • Clients can find the provision in the Investment Services General Conditions PDF.
  • The minimum deposit at Lunar Capital usually starts at $100 or the equivalent in other currencies.
  • You can compare the current spreads for the most traded instruments and see how Lunar Capital spreads stack up against those of BlackBull Markets.
  • If you have traded with Lunar Capital we would really like to know about your experience – please submit your own review.

True STP Execution

While an Lunar Capital no deposit bonus does not exist, Lunar Capital offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. Lunar Capital occasionally introduces other bonuses and promotions, which have included a $50 Lunar Capital no deposit bonus or annual interest on free margin. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.

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. Anyway, after reading some reviews I decided to give it a shot and signed up for this company. To my surprise everything was better than I expected, I didn’t have any problems with the registration process. Compare the markets and instruments offered by Lunar Capital and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Trading Platforms

With such a useful market analysis, we would love to see the section expanded to other pairs. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

Lunar Capital Alternative Brokers & Comparisons

I think the client dashboard and website could do with an overhaul though – they are pretty dated. The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different.

  • These combine well with Lunar Capital’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month.
  • Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
  • Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience.
  • The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors.
  • They have created different types of accounts with various features and minimum deposit requirements, making it easy for traders of all levels to get started.

The ECN/STP model gives Lunar Capital clients the freedom to trade on a more level playing field. Lunar Capital has worked hard in making the world of Forex more transparent with a greater degree of control for traders. The interbank market caters for both the majority of commercial turnover and large amounts of speculative forex trading every day.

Account Types

A copy of the ID and one proof of residency documents usually satisfies this final step. Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, Lunar Capital’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders.

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. Lunar Capital’s investment offering is excellent for forex traders but weak in other departments. Lunar Capital offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. It is a regulated broker with a European license, which ensures safety for trading and protection for clients.

86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Lunar Capital’s ‘No Dealing Desk’ execution model comes with no dealer intervention and no re-quotes. Client trades are made on prices provided to Lunar Capital by its liquidity providers. Until recently, foreign exchange brokers did large amounts of business, facilitating interbank forex trading and matching anonymous counterparts for small fees.

Eleven eBooks complete https://lunarcapital.net/ the education at Lunar Capital, and the overall product remains impressive. Five MT4 user guides and a Forex glossary section are also available. Lunar Capital offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading.

That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. These apps come equipped with sophisticated charting tools, including dozens of technical indicators, different timeframes, and multiple varieties of charts, ensuring a comprehensive trading experience from your palm. The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the Lunar Capital platform. On the downside, Lunar Capital supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions.

However, trading with an ECN XL Account comes with no swap charges, making fee calculation easier and offering a great benefit. Lunar Capital provides traders with access to the widely acclaimed MetaTrader 4 (MT4) platform. Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience. Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). Having high levels of experience and knowledge, we are ideally placed to understand our clients needs and to support traders in achieving their ambitions and investment goals.

Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that Lunar Capital offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. 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.

Lunar Capital lacks more trading tools, like CFDs on stocks for example, https://lunarcapital.vip/ which became so popular recent days. Lunar Capital 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. Lunar Capital transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.