This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier. LunarCapital operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as LunarCapital Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels. The app is more feature-rich than the web version of LunarCapital Trader. The economic calendar, pip calculator, and other tools are integrated within the app, while the web version contains links directing users to external pages.

LunarCapital FX review

The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with LunarCapital. The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees. 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. When opening my account I was given the option of only using USD as the account base currency.

• They currently offer more than 300 trading instruments, but this is still small compared to other major forex brokers.
• Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
• Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
• Its growth has enabled LunarCapital to continue to expand its products and services.

Mule accounts, url masking: How forex trading platform LunarCapitalFX scammed investors

This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential. With versatile accounts and a hassle-free setup process, LunarCapitalFX offers an inclusive trading environment suitable for traders worldwide. These flexible software utilities can automatically execute trades and assimilate all the information available on the platform to conduct market analysis and Forex trading. This means you can develop, test, and apply EAs to eliminate obstacles in analytical trading activities.

• Still, the experience with cryptocurrencies was quick, successful, and efficient.
• Actually all the account types of LunarCapital FX can be called Islamic friendly.
• Whether you’re a beginner with LunarCapitalTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone.
• Overall, we feel this lends a high level of trust and security to LunarCapital’s platform.
• More advanced traders might not be the biggest fans, but novice or occasional investors will find it easy to navigate.
• I found all platforms LunarCapital offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website.

LunarCapital is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, we can notice the lack of additional reputable licenses which heavily weighs down the platform’s robustness. Nevertheless, LunarCapital claims to give customers segregated accounts as well as protect them from negative balance. It would be nice if they included third-party account insurance (like policies from Lloyds of London) seen at some other popular offshore brokers.

How to withdraw Funds from LunarCapitalFx

Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. You have a selection of alerts you can receive, so I set it up to show all trading signals like candlestick patterns and chart patterns such as head and shoulders. I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move.

Supported Countries

Clients of LunarCapital are able to engage in the Expert Advisor and MQL5 areas of the MetaTrader site. During our testing, we did find that when we scaled up into maximum position size, we were able to get very close to using up our maximum margin capacity when executing. This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out.

I also found an Lunar Capital review interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements. 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 community you can use. At Rationl FX, we prioritize clarity and transparency in all our interactions.

LunarCapital displays corporate social responsibility by promoting education, community development, and taking care of the environment. It teaches people how to handle their financial resources, especially regarding trading and investment. LunarCapital also uses some of the most secure technology to ensure that all personal data and financial transactions are encrypted and secure. This is achieved by providing an SSL-secured Personal Area with 128-bit encryption.

It contains 6514 reviews that shaped this positive reputation of the brokerage. Many customers in the online forex community have left positive comments about the excellent customer service. It was also discovered that nearly 50 per cent of user funds were diverted from the LunarCapitalFX platform to mule payout accounts. There are 12 extensive educational articles covering the forex basics but what stood out for me was the free forex trading course.

Experience premium trading

They earn a four out of five for being regulated by CySEC, which is an upper-tier regulator. In total LunarCapital operates four entities, but LunarCapital Markets Cyprus, LTD is the most robustly regulated. LunarCapital also keeps its trader’s funds in an account that is separate from its business finances. Overall, we feel this lends a high level of trust and security to LunarCapital’s platform. Keeping it simple allows them to appeal to a range of clients, from trading novices to experts. Here are some of the key features we feel are important enough to highlight.

The idea of making the trading space more comfortable was the start. Only the traders themselves could give us a better insight into their preferences. Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. Choose from 300+ trading instruments, including shares, commodities, https://lunarcapital.team/ and indices. Unlock lower spreads, personal guidance, and many other benefits by increasing your account balance. Log in to your online trading account or download the app and launch it to start trading.

Both MetaTrader MT4 and MT5 stand out for the charting tools they offer. The standard MT4 package, for example, comes with 30 built-in indicators, over 2,000 free custom ones on offer and 700 available for purchase. The MetaTrader platforms are well known for facilitating copy trading and developing trading forums.

Online reviews have revealed that this isn’t quite significant enough to call the broker well regulated. They are fees necessary for trading, which users must  pay before or during trading. LunarCapitalFX traders are able to executive lightning tradesat visible prices without any slippage. LunarCapital provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices. During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days.

In this course, I had access to 11 video lessons that lasted roughly 5-10 minutes but went into detail about how to trade forex. You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question. Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account.

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. Founded in 2011, LunarCapital (formerly LunarCapitalFX) is part of a group of global entities, which include LunarCapital Markets LTD (based in the island of Mwali) and LunarCapital Markets Cyprus Ltd (based in Cyprus). LunarCapital also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, LunarCapital also has an entity regulated in Mauritius, through Uni Fin Invest .

This section of the site is well supported by the Customer Services and the Education sections of the site. There is also a dedicated VPS (Virtual Private Server) for ‘algo’ traders. The MT5 account offers a wider range of markets than the MT4 account and there are no swaps. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

Even at 0.90 pips, I found it’s roughly 18% cheaper than my industry average tests of 1.11 pips for EUR/USD, positioning LunarCapital as a low-spread broker. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Investing in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose your entire investment. It is essential to be fully aware of these risks before engaging in any trading activity.