With indices from various global markets, diverse metal trading options against the US dollar and the euro, a broad spectrum of https://lunarcapital.net/ cryptocurrencies, and spot oil trading, Lunar Capital stands as a versatile trading platform. Lunar Capital holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. Lunar Capital offers traders the core MT4 trading platform without third-party upgrades.
I do feel slightly let down that the Lunar Capital demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires. Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis. No, Lunar Capital is a legit broker with regulatory oversight from the VFSC and the CySEC. CENTRAL CLEARING Ltd and regulated by Mwali InternationalServices Authority (MISA) as an InternationalBrokerage and Clearing Housewith Licensing Number BFX202408.
Lunar Capital assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal. Regarded as the most popular trading platforms globally, MetaTrader 4 allows traders to apply their expert advisors and algorithmic trading methods as ‘plug ins’ into their platform to adjust and perfect their trading plans. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment.
The synergy of innovative trading tools, comprehensive market insights, and a seamless trading environment makes Lunar Capital a preferred choice for traders seeking integrity and excellence in the world of forex trading. Our unwavering focus on customer support and educational empowerment underscores our resolve to foster a conducive and informed trading ecosystem for our clients. Lunar Capital’s model empowers clients with direct access to a liquid forex ECN model where everyone receives equal access to the same liquid markets with instantaneous trade execution without any delays or re-quotes. Our stance as a Non-Dealing Desk broker ensures there’s never a conflicting interest with our clients, and our trades remain anonymous to our liquidity providers.
On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. I find Lunar Capital’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours. I am satisfied with Lunar Capital’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading. We are also disappointed with Lunar Capital’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, Lunar Capital imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months.
The difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR). If a forex trader can guarantee large numbers of transactions for large amounts, they can usually demand a smaller difference between the Bid and Ask, which is referred to as better forex spread. Lunar Capital maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies.
Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand. Before you proceed with opening an account or placing any order, please ensure that you have thoroughly read and understood all the legal documents provided by Lunar Capital. The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points. MetaTrader 4 includes all the trading functions the modern forex trader needs. Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4.
It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. Lunar Capital maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage.
We prioritize providing transparent pricing coupled with competitive forex spreads and the most cutting-edge trading platforms. We equip our clients with all the essential forex trading tools needed for success, including access to MetaTrader 4 and MetaTrader 5 forex software. Our unique ECN bridge allows clients acquainted with MetaTrader to continue leveraging their preferred forex trading platform in a refined ECN/STP environment, ensuring a seamless fusion of familiarity and innovation. Lunar Capital presents a plethora of advantages including premier trading conditions, instructive educational tools, and the incorporation of the renowned MetaTrader 4 and MetaTrader 5 platforms.
Our team highly rates Lunar Capital’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. Lunar Capital 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. This model eliminates the possibilities of price or spread manipulations and assures no conflicting interests between Lunar Capital and our valued clients, ensuring a transparent, unadulterated trading milieu. Our introduction mirrors the clear, concise, and precise individual service we render to our clients. If you have experienced other brokers, allow us the privilege to demonstrate why we consider ourselves unparalleled in the industry. Lunar Capital’s extensive product range includes over seventy Forex pairs, cryptocurrencies, indices, metals, and energies.
Our regulatory compliance extends beyond our CySec regulation in Cyprus, manifesting in our possession of the MiFID passport for financial services firms within the broader realm of the European Union. This comprehensive regulatory alignment underscores our unwavering commitment to maintaining high standards of compliance, transparency, and ethical conduct. In alignment with our steadfast commitment to client security, all client funds are meticulously held in segregated accounts. These are unequivocally distinct from any and all Lunar Capital corporate accounts, a measure that fortifies the integrity of our clients’ assets and builds an enduring foundation of trust and reliability. Traders are lavished with a unique concoction of premium services and low-cost trading solutions, rendering the ECN XL Account as the unanimous choice for traders around the globe. We have manifested our motto of being “trustworthy, transparent, and fair,” not just in words but through our actions and services.
Bestowed the “Best Forex Trading Account” by traders and industry connoisseurs at the UK FOREX Awards 2017, the XL Account stands as a symbol of Lunar Capital’s relentless pursuit of enhancing retail offerings for its esteemed clientele. This award, a reflection of independent endorsements by traders, underscores Lunar Capital’s commitment to innovation and service excellence. Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace. For example, the spreads quoted could be adjusted to match the broker’s own exposure to markets, determined by the volume of trade the broker is experiencing at any given time. The interbank market caters for both the majority of commercial turnover and large amounts of speculative forex trading every day. Some of this forex trading is undertaken on behalf of customers, but much is conducted by proprietary desks, trading for the bank’s own account.
Our raison d’etre is to craft the most customer-oriented proposition within the industry. We are unwaveringly devoted to fostering our clients’ prosperity, presenting competitive pricing through the most equitable and transparent order process in the retail forex trading market. Lunar Capital’s primary ambition is to equip our clients with the requisite tools to hone their skills and relish an unparalleled trading experience at every phase of their voyage. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method. These four critical factors ensure that Lunar Capital clients are enjoying the most transparent access to the FX markets.
The alignment of Lunar Capital with client trades facilitates counter-party executions, showcasing Lunar Capital’s unwavering commitment to client interests, making it a reliable ally for traders. Until recently, foreign exchange brokers did large amounts of business, facilitating interbank forex trading and matching anonymous counterparts for small fees. Today, however, much of this business has moved on to more efficient electronic systems, referred to as ECN.