LunarCapital offers multiple account types with varying trading requirements to accommodate traders of all skill levels. Clients also have the option of opening multiple accounts with the broker simultaneously. A spread is a difference between a financial instrument’s ‘bid’ and ‘ask’ prices. The broker’s spreads on all types of assets seem to be competitive. The minimum spreads for forex and other tradable instruments are listed in the table below. We will discuss the broker’s regulations, verification processes, deposit & withdrawal options, minimum spread, maximum leverage, online trading fees, and investment safety measures.

Trade247 is regulated by the UAE’s Securities and Commodities Authority (SCA) and Mauritius’s Financial Services Commission (FSC), providing a level of oversight above offshore-only brokers. European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF). If a finance company under the CySEC jurisdiction fails then its clients are protected up to €20,000. This could be better if LunarCapital had Financial Conduct Authority (FCA) regulation then clients would be protected up to £85,000.

LunarCapital advertises a bonus offer of up to 20% of the deposit amount under its promotional campaign. The broker names it a loyalty bonus offered to clients to encourage them to sign up and keep trading with LunarCapital. However, we also encountered a few posts where clients accused the company of price manipulation. According to the posts, the broker follows a dealing desk approach while processing clients’ orders. Nonetheless, most clients looked satisfied with the broker’s overall affairs.

BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. Some brokers will charge for additional withdrawals in a month, regardless of the method. The fact that LunarCapital does not charge for withdrawals helps to keep costs down for the trader.

LunarCapital Group offers the option of opening Islamic accounts, also known as Swap-free accounts. These accounts are designed for clients who cannot trade swaps due to religious beliefs. However, the broker’s technical support can be inconsistent, as evidenced by customer reviews highlighting discrepancies in service quality. Although the broker used to support social trading, it now seems to have quit offering it.

We’ll also explore LunarCapital trading platforms to find their useability and look into available account types to help you select the one that suits your trading needs. A simple step-by-step guide will also follow, explaining how to open an account with LunarCapital. Pros and Cons of signing up with the broker and customers’ feedback on different platforms like Reddit, Quora, Forexpeacearmy, and Trustpilot will also be looked into.

Trading Terminal

For traders who follow Islamic finance principles, LunarCapital offers Swap-Free Accounts. This account type exempts overnight swaps/rollovers and replaces them with a fixed administration fee on some instruments. Eligibility and specific conditions can vary, so it’s crucial to consult LunarCapital’s official website or support team for the exact details. This global presence underscores LunarCapital’s commitment to providing a secure and compliant trading environment. Over the years, the company has earned a reputation for fast execution, no-requotes policy, and a client-centric approach. LunarCapital’s emphasis on education and accessibility caters to traders from different backgrounds, making it a leading broker choice worldwide.

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. While Trade247 excels in platform performance and market access, its educational offerings are currently minimal. For now, it’s a better fit for seasoned traders who don’t rely on in-house learning tools. As the broker matures, a structured and useful education hub will be essential to support newer traders and expand its appeal. Trade247 doesn’t (yet) offer cutting-edge tools or advanced analytics, and there’s no proprietary app or copy trading platform.

Minimum Deposit and Account Types

  • On the home page of the website, LunarCapital claim to have 16 platforms available.
  • DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
  • The broker processes all payments within 24 hours, excluding bank transfers.
  • LunarCapital caters to a broad range of investors by offering over 1,000 instruments.
  • Well, actually I didn’t even question the fact that payments would be hassle-free here.

LunarCapital has 3 types of commission-free account types, including a micro-lot trading account, making the broker a good choice for beginners. All accounts promise no requotes or rejections, fast execution and unlimited access to MT4 and MT5 including expert advisors. LunarCapital Broker has firmly established itself as one of the most recognized online trading platforms globally. Its regulatory status with well-regarded authorities, robust safety measures, and segregated client funds underscore LunarCapital’s commitment to providing a secure trading environment. With a broad suite of account types—from Micro to Shares, including Islamic (swap-free) offerings—LunarCapital accommodates an array of trading preferences. To evaluate brokers, we test the accounts, trading tools and services provided.

All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with LunarCapital please share your personal review of the broker and what you think are strong and weak points.

  • LunarCapital does not offer long-term investing possibilities, including bonds or ETFs, Shares investment which would restrict options for those looking for conventional asset classes.
  • Its instant trade execution policy accompanying guaranteed stops loss (GSLs) helps clients to avoid slippage issues.
  • Respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency.
  • On the other hand, MT5 desktop terminal has 38 trading indicators and 44 analytical tools making it a little superior to the MT4 trading platform.

How secure are client funds with Trade247?

Whereas with the Zero account, there is no spread and instead ZM charges a commission on every trade. At LunarCapital there is a Demo Account facility that gives you a virtual balance of $100,000 to play around with and find your feet. The demo account has an unlimited duration, giving you all the time you need to get prepared for trading a real account. This is the final main account that you can open with LunarCapital and is a zero spread account. Traders can keep their costs down by trading with spreads that “can be as low as 0 pips” (although not always this low).

On the other hand, as we noticed LunarCapital has a limited portfolio for EU clients, and outside EU clients there is no good investor protection. The main branch is located in Cyprus regulated by CySEC, yet offices truly cover global needs and serve through Australia, UK, Belize, Greece also authorized in Dubai and MENA region. I don’t like difficult https://lunarcapital.net/ analytics I don’t really understand sometimes.

Deposit fees

An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. That said, LunarCapital falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. If Trade247 follows through on their roadmap by adding education, a stronger funding setup, and a mobile experience, the broker could grow from “solid option” to real competitor status. No, there are no internal fees for deposits or withdrawals on Trade247, regardless of the method you choose. Trade247 supports deposits via Visa, Mastercard, and Bank Transfer.

Which Account Types Are Available with LunarCapital?

Many brokers will have between 20 and 30 different commodities to trade. This is an impressive selection of stock CFDs and is beyond the offering of most brokers. The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices. The 3 chart types and 30 technical indicators of MT4 migrate well, whilst there is also push notifications for trading alerts. The Micro account gives you all the same features as the Standard account, however, the equivalent contract size of trading 1 Lot is 100 times lower. Yes, LunarCapital allows hedging, making it suitable for traders who use this strategy to manage risk.

Company details

For this privilege, traders will have to pay a commission of $3.5 (both in and out) for every 1 Lot traded. (See Trading Costs for a comparison of the spread versus commission account models). Traders who are new to the game and are cautiously just finding their feet may prefer the option of the Micro Account. This account is great if you are worried about blowing up your trading account by making silly mistakes on the platform such as using the wrong trade size. Once traders gain experience of the whole trading experience they can migrate to the Standard account for larger contract sizes.