RoboForex offers a comprehensive range of written and video research materials, including https://lunarcapital.team/ daily market analyses, actionable trading signals, economic calendar, currency heatmap, and more. During our live test, I discovered more than 50 charting tools and more than 80 technical analysis indicators, with all the most common indicators ready to use. I also discovered there are a range of order types that are not available on other platforms and some that are new to me. For example, the platform has an in-built real-time, automatic pattern recognition detector.
LunarCapital Forex account types compared
- A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects.
- The available methods vary depending on the client’s residence and may include local bank transfers.
- Whether you are a beginner or handling a diverse portfolio, LunarCapitalTrader, MT4, and MT5 each offer useful tools tailored to your objectives.
- It would be nice if they included third-party account insurance (like policies from Lloyds of London) seen at some other popular offshore brokers.
Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa. It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients. The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance. You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance. I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements.
LunarCapital Fees
This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities. This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making LunarCapital a truly low-cost broker by avoiding these fees. One of LunarCapital’s impressive features I found was the no swap fees on all of its accounts. This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks.
No swaps on MT4 and MT5
LunarCapital said that offering swap-free accounts aligns with its business goal of serving a global clientele. As an ECN (Electronic Communications Network) broker, LunarCapital delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network. 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. Both platforms are available on desktop, web, and mobile devices, ensuring seamless trading across various operating systems.
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. At Rationl FX, we prioritize clarity and transparency in all our interactions. Our services are available to everyone free of charge, but we do receive compensation from some of our partners for referring clients to them. With 24/7 availability, multilingual support, and comprehensive resources, LunarCapitalFX ensures traders receive the guidance and help they need at any time.
Deposit And Withdrawal
LunarCapital has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page.
In this case, the network charges 1 USDT, and LunarCapital does not impose any additional fees. While there is no minimum deposit from the virtual wallet, LunarCapital advises that the minimum deposit using this method is 50 USDT. The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick. Copy trading is also available, allowing clients to automatically replicate the trades of other selected traders.
- LunarCapital offers MetaTrader 4, MetaTrader 5, and its own proprietary LunarCapitalTrader platform.
- MetaTrader 4 is available as a web platform compatible with Windows, Linux, and macOS.
- In this case, the network charges 1 USDT, and LunarCapital does not impose any additional fees.
- However, not all platforms have the same instruments available for trading.
Best Forex Broker for Beginners 2024
It’s trusted by individual investors, introducing brokers, and trading companies. It is flexible enough to implement both simple and highly complex trading strategies. Plus500 US makes it simple for new traders to get started in futures trading with a low minimum deposit and its intuitive platform. WebTrader has a range of popular features, including watchlists, trading from the chart, and access to live chat support from within the platform. The design and UX are outstanding and really place it in a class of its own. I especially liked the ease with which you can flip between demo and live trading.
Since trading can result in financial loss, only invest funds you can afford to lose. Moreover, there is multilingual support provided by the platform for traders who speak different languages. With LunarCapital, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies.
How to verify if the broker offers a segregated fund?
LunarCapital doesn’t charge swap fees for all available instruments, so you can trade overnight at no extra cost. The offering could be even better if LunarCapital adds some low-risk securities, such as ETFs or bonds, which are typically preferred by swing traders. MetaTrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help traders make predictions.
How Did FXEmpire Choose the Best Forex Brokers?
Discover key benefits, platform highlights, and what sets LunarCapital apart – all in under a minute, perfect for traders on the go. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. I appreciated that the app also offers access to LunarCapital’s massive library of past webinars, allowing newbies to learn hands-off even while on the go. LunarCapitalTrader’s charts are light and easily scalable, allowing for detailed technical analysis. However, its analytical tools and chart configurations are very limited.