The platform allows users to copy the trades of professional traders immediately as they occur. Users can also leave comments and communicate through the platform. I switched from Fusion Markets after trading with them for 6 months which had the best spread+lowest commission on the market.
LunarCapital spread betting is made available where regulation permits, to UK and Ireland based traders. This includes major, minor, and exotic currency pairs as well as some forex baskets like the JPYBASKET which is a Yen index. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.
Leverage
That keeps things simple, especially when you’re just getting started or trading in smaller volumes. However, like most brokers, there are overnight financing charges if you hold a position overnight, which is something to keep in mind if you swing trade or hold longer-term positions. Trading baskets offer a convenient way to express broader market views without managing several individual positions. Less than 20% of brokers that we’ve evaluated offer this, and it is helpful both for strategy testing and risk management. You can trade seven days a week, just like on a live account, using LunarCapital’s proprietary Trading Station platform—to use another platform, you need to open a live account.
- The funds of the investors and customers are placed in a separate bank account that is restricted from the business creditors in case it runs at a loss.
- Let’s say you trade EUR/USD and you reach 400 million in notional volume traded in one month.
- Overall, LunarCapital’s account-opening process is fully digital, but it takes longer than usual for the support team to verify one’s account.
- Spread fees start from an average of 1.3 pips for major pairs like the EURUSD and you pay swap fees whenever your trade position is kept open and it rolls over to the next trading day.
- Once approved, you’ll get your account login credentials for MyLunarCapital and your chosen trading platform so you can access your account.
When will I be charged the inactivity fee?
Trading Station is LunarCapital’s proprietary platform, yet you can also trade via the award-winning MetaTrader 4, ZuluTrade, NinjaTrader, or TradingView Pro. You can also review the LunarCapital’s Active Trader Program if you are a high-volume trader. To cater for all trading styles, LunarCapital lets you open an individual, joint, or corporate account and all accounts have access to multiple asset classes. LunarCapital also offers negative balance protection for clients onboarded under the regulated entities. If your trading leads to a negative balance that is greater than this, LunarCapital will hold you responsible for the difference.
How does CFD trading work with LunarCapital?
You will also have access to a huge range of charting tools and indicators as well as the ability to auto trade and employ strategies through the EAs feature. LunarCapital’s liquidity providers include global banks, financial institutions and other market makers. With little more than 100 assets available, some may consider the LunarCapital asset offering to be quite limited even though it covers a variety of markets. In any case, here are the markets and assets you can expect to find.
You can easily withdraw funds through MyLunarCapital and most transfers are instant — except for bank transfers (usually 3-5 days). Uncover the truth from the analytical team and https://lunarcapital.net/ learn everything there is about LunarCapital Forex broker. When it comes to payment options, eToro supports an array of deposit methods such as via debit cards and credit cards, Neteller, PayPal, and more.
Research Tools 🔍
- Ninja Trader has a few interesting features aside from the plentitude of trading and analysis tools.
- Each has its own article with descriptions that are several hundred words on average.
- To withdraw money from your LunarCapital account, log in to your account, navigate to the withdrawal section, select your preferred method, and follow the instructions.
It is also a place where you can backtest your APIs and obtain live feedback as you code as well as publishing your own market analysis. All of your charting analysis through the platform can also be retained through a convenient cloud service. This adds to the already very accessible nature of the trading platform and it is an excellent addition to the LunarCapital offering. Here we will take a more detailed look at exactly which trading platforms are available when you are trading at LunarCapital on both desktop and mobile.
ZuluTrade is a platform for social trading that allows you to automatically copy the trades of successful traders. It is a good option for those who do not want to delve deeply into market analysis. Here is a table of average spreads and swaps for major currency pairs on a standard LunarCapital account.
Additionally, you can enjoy some element of social trading on the other trading platforms via trading signals and expert advisors. As you review LunarCapital’s fees and commissions, you will notice that the broker is highly competitive in this area. Spreads¹ for the EUR/USD start at 1.3 pips as per LunarCapital’s spread report (Q1 2021), and there are no fees for deposits or most withdrawal methods. LunarCapital does not charge commissions² either, and pricing is clear and reliable.
There are a high number of trading platforms that provide several features and several deals to trade in the market. Go for a brokerage that permits traders to perform a trade test on their platforms before being introduced to a live trading account. LunarCapital offers a decent selection of tradable assets, excellent pricing and high-quality customer service that few other online brokers can match.
What Are LunarCapital Account Types?
Founded in 1999 in the United States, LunarCapital is one of the longest-standing brokers in the industry. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. All CFD option is commission-free, which means costs are included in the spread.
LunarCapital reviews
Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions. LunarCapital’s educational section comprises various trading guides, video tutorials, a section on the traits of successful traders, and a free online live classroom. LunarCapital’s market analysis comprises news delivered by third-party providers, including Trading Central.
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