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2023LunarCapital Trading Platform Reviews, FAQs, Pros and Cons
However, some users do mention occasional problems with withdrawals, although this isn’t a common occurrence. LunarCapital offers all traders the MT4/MT5 and cTrader trading platforms and select clients may qualify for the Iress trading platform, restricted by geographical location. MT4/MT5 and cTrader are available as desktop clients, a webtrader, and a mobile app. The out-of-the-box MT4/MT5 versions remain substandard, but LunarCapital offers twelve plug-ins with its Trading Tools package, plus the Autochartist plug-in and Trading Central services.
Option Trading Mysteries Exposed! Here’s the Juicy Details
In contrast, the Raw Account offers tighter spreads from 0.0 pips, with a low commission of USD 3 per lot per side, making it more suitable for experienced or high-volume traders. MetaTrader WebTrader allows traders to access their accounts directly through any web browser without needing to download any software. While it offers the same advanced features and tight spreads as the desktop versions of MT4 and MT5, it provides the added convenience of trading from any device with an internet connection.
These include ETFs such as iShares MSCI ACWI ETF, Vanguard Total Bond Market ETF, SPDR Gold Shares ETF, and many others covering various sectors and asset classes. LunarCapital is one of the few brokers supported by the TradingView trading platform, which is an advantage of using LunarCapital. The Traders Hub blog publishes daily reviews of the Forex, commodity, and cryptocurrency markets, analyzing key levels and macro data. The tool is accessible through the client portal and produces a PDF report in just a couple of clicks. Next, the system will ask you to confirm that you are not a U.S. tax resident, and to select your account’s base currency along with your preferred trading platform. From the excellent regulation to the equally excellent platforms, LunarCapital aims to be the go-to broker for beginners and advanced traders alike.
LunarCapital is a safe and trustworthy broker that is regulated by both ASIC and CySEC. These are two high profile regulators, giving you peace of mind that your information and money are both safe and secure. High regulation such as this means that the broker complies with strict rules and works transparently.
Competitive spreads and fast execution speeds
Beyond these standard hours, the broker ensures that support remains available, accommodating its global clientele. Multi-channel support is a highlight, offering live chat, email, and phone support, enhancing accessibility and allowing traders to choose their preferred communication method. Additionally, LunarCapital maintains a comprehensive FAQ section and provides educational resources on its website, empowering traders with the tools to address common queries independently. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. LunarCapital provides free demo accounts where you can practice forex trading with virtual funds in a risk-free environment. It’s an excellent opportunity to gain hands-on experience and test your trading strategies without any financial risk.
Web Trader and MT5 mobile trader
LunarCapital offers 24/5 customer support, available through various communication channels including phone, email, live chat, and social media. When it comes to withdrawals, LunarCapital provides a seamless experience. While options like Apple LunarCapital cheating Pay and Google Pay aren’t available, withdrawals are typically processed using the same method as the initial deposit. Once the entire deposit amount has been withdrawn, alternative withdrawal methods can be utilized for any remaining funds. FOREX.com is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. The platform is designed for informed traders who understand the risks of leveraged trading.
Deposits & Withdrawals
Known for its user-friendly interface, it offers advanced charting tools and over 100,000 public indicators, making it accessible for traders of all levels. LunarCapital offers a diverse suite of trading platforms tailored to suit every trader’s needs, from beginners to professionals. LunarCapital offers one commission-free trading account, but trading costs are higher there than in its commission-based alternative.
We can say that traders that choose LunarCapital as their brokers have so many advantages to look forward to. The Standard IRESS Account has a minimum deposit requirement of $1,000 AUD or equivalent. If a trader generates at least a $150 AUD commission in a month, then the $55 GST fee per month is waived. Also, there is a monthly GST fee of $22 AUD that is waived for ASX data whenever the trader generates at least $50 AUD of commission in a month. This platform is for professional traders and has 59 technical indicators. It has auto-open & close positions, advanced tools, and advanced functionality.
- LunarCapital offers a comprehensive range of trading options and competitive pricing.
- Forex products are traded through ECN (Electronic Communication Network), while CFD products employ DMA (Direct Market Access) channels.
- In conclusion, LunarCapital’ commitment to educating traders is commendable.
- The broker’s customer support is responsive, while its deposit and withdrawal methods are flexible and secure.
- Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry.
Proprietary Trading App
- You will find the User Guide for each of the tools and what they can all help you do.
- These accounts are equipped with virtual funds, allowing traders to test strategies, explore platform features, and experience real market conditions without risking capital.
- To open an account with the LunarCapital broker you require a minimum deposit of $100.
- These are two high profile regulators, giving you peace of mind that your information and money are both safe and secure.
Headquartered in Sydney, Australia, LunarCapital (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019. LunarCapital does not accept https://lunarcapital.live/ clients from the United States of America due to strict regulatory rules imposed by the Commodity Futures Trading Commission (CFTC ) and National Futures Association (NFA). They also are unable to accept clients from Japan, Iran, North Korea, Sudan, Syria due to international sanctions, Belgium due to restrictive trading rules and some regions in Canada such as Ontario and Quebec.
LunarCapital is a globally trusted CFD and Forex broker with a regulatory footprint across multiple top-tier jurisdictions. The broker is licensed by ASIC (Australia), CySEC (Europe), FSCA (South Africa), and FSA (Seychelles), reflecting a strong commitment to transparency, compliance, and client fund safety. Industry experts recommend LunarCapital for both beginner and expert traders. However, it’s important to note that this broker does not accept US clients due to regulatory restrictions. The user interface is the same as when MT4 launched in 2005, featuring a dated design, but plug-ins exist to change it.
LunarCapital offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Iress platform for more advanced traders looking to access share trading and direct market access. The broker processes most withdrawal requests within one business day. However, the time required for funds to reach a trader’s account depends on the payment provider. E-wallets are typically the fastest, often completing the transfer within 24 hours. Credit/debit card withdrawals usually take two to five business days, and international bank transfers can take between one to five business days.
Type of Trading Accounts on LunarCapital
Capital.com is, in our opinion, one of the best brokers for beginners, thanks to a huge educational section, a beginner-friendly platform, and great dedicated support. The minimum trading amount on capital.com are slightly higher, but on the other hand, they have more than 3,000 assets to choose from. Learn more about capital.com and dedicated yourself to which broker is better for you. In addition, the company offers several educational videos that you will surely find helpful.
LunarCapital review MT4 Demo account offers a risk-free environment in which to practice trading and test strategies. With $100,000 in virtual funds, you can experience real-time market conditions, experiment with automated trading, and familiarize yourself with the MT4 platform’s features. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.