Over 70 currency markets are on offer, including major, minor and exotic pairs. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. LunarCapital also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. The service provider is BeeksFX, but LunarCapital clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. One of the most ignored trading costs is swap rates on leveraged overnight positions.
The forex market is governed by regulatory bodies, which enforce rules and regulations. 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.
Firstly, the broker has licenses and permits, and has been working steadily, without any particular shocks for about 12 years in the market. The broker began its work at a time when retail traders had only Forex and no stocks. LunarCapital now offers trading in currency pairs, commodities, indices and cryptocurrencies.
What are LunarCapital Forex Ratings?
- Yet, we advise always check with a particular payment provider in case of any other additional fees relevance or its possibility.
- Each account has different minimum deposits, leverage, and the number of trading instruments.
- Benefiting from the same competitive spreads and execution speeds on the desktop platform, users may efficiently execute trades with only a few taps.
- LunarCapital also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
- Brokers who engage in fraudulent activities or break regulations can also have their licenses fined, suspended, or revoked by regulatory bodies.
- New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.
LunarCapital could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. Having tested hundreds of forex brokers, I feel that the LunarCapital’s education section is fairly average, with a decent range of materials available but nothing that stands out.
The FAQ section answers many of the most common questions, and LunarCapital is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. LunarCapital provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts.
Brokers By Licenses
Further improving the broker’s cost-effectiveness without deposit or account https://lunarcapital.net/ maintenance fees. 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. LunarCapital offers several unique features that set it apart from other brokers.
This has resulted in regulatory arbitrage where institutions select an EU country that imposes similar policies such as CySEC in Cyprus. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. LunarCapital adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. Unsurprisingly, safety is often a primary concern for investors when browsing for a new broker, with many scammers operating in the forex and CFD trading space.
Also, conditions for online trading might vary depending on the jurisdiction. Once these steps are completed, traders can access their account and begin trading immediately. The minimum deposit at LunarCapital usually starts at $100 or the equivalent in other currencies. Regulatory approval status and the licensing authority are the most important factors to consider when choosing a forex broker. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing.
- The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available.
- This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets.
- LunarCapital deploys an ECN/STP execution model and does not manipulate quotes.
- Understanding the roles of these bodies helps you stay compliant and aware of the regulatory landscape.
LunarCapital lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. LunarCapital provides a calendar that displays upcoming economic events and releases, along with their expected impact on the markets. I always like to check an economic calendar before take a decision on the trade. LunarCapital, from online reviews and forums, is personified as a provider of high quality with a positive rating. Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable.
For clients that wish to monitor and add to positions on the go, LunarCapital supports the MetaTrader 4 mobile app, which is available to download for both Android and iOS. Clients can also log in to the trader’s hub from a mobile device for account management. Traders have access to numerous deposit and withdrawal options at LunarCapital.
Execution
The absence of rules, guidelines, restrictions, and control, as well as the freedom of individuals to do as they wish. If the scenario described above were to occur, what would be the inevitable outcome? The same can be said for the forex market, an industry worth a market capitalization of over $5 trillion. LunarCapital was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. 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.
Deposit and Withdrawals
Swaps can be either positive or negative based on the interest rate differential between the two currencies in a currency pair. LunarCapital does not charge particular fees for overnight holding of positions outside the average swap rates. Also, an additional International entity LunarCapital serves is located in St. Vincent & the Grenadines and newly established Nevis and Mwali branch in Comoros. Being an offshore zones, they do not define strict obligations to its financial registered firms, which may be a risky investment in case the firm is only based there.
Forex Research
It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings. The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds. Its regulation contributes positively to its ratings for credibility and security. VFSC regulator supervises the market participants’ activities and ensures compliance with all international standards related to providing financial business and brokerage services of licensed companies. LunarCapital lacks stock and ETF trading options even if it provides tools and educational materials such as economic calendars and trading alerts.
Main Insights from Exploring LunarCapital’s Tradable Assets
Their primary platform, MetaTrader 4 (MT4), is a popular choice among traders, providing advanced charting tools, technical indicators, and automated trading capabilities. LunarCapital provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills. These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills. LunarCapital offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals.