Residents of the European Union receive the highest level of regulatory protection, as Lunar Capital Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels. The economic calendar, pip calculator, and other tools are integrated within the app, while the web version contains links directing users to external pages. The “Space” section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app.
What types of assets can I trade on Lunar Capital?
For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook. Higher account statuses (Silver, Gold, Platinum) help you earn prize lots faster. To keep your prize lots active, you must trade at least once every 30 days. Gifts are limited and available on a first-come, first-served basis.
Lunar CapitalFX Pros and Cons
Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that. A lot of brokers consider them mutually exclusive, so only offer one, if any at all. Its Lunar CapitalFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide.
We will also look into how to open and verify an account, and the safety measures provided on clients’ investment funds. Established in 2011 and located in London, Lunar CapitalFx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account.
The broker offers a 50% deposit bonus on all account types except Islamic and demo accounts. Suppose your deposit amount is $400, so the number of trading lots should be at least 100, which means you can withdraw the deposit amount after 100 lots. With competitive spreads, high leverage options, and robust security measures, Lunar CapitalFX strives to provide a comprehensive trading experience tailored to diverse needs. Whether you’re a novice stepping into https://lunarcapital.vip/ trading or a seasoned professional, Lunar CapitalFX delivers the tools and features necessary for success in the dynamic world of financial markets.
Yes, the bonus is withdrawable, but traders need to meet specific volume requirements by trading a certain number of lots before the bonus can be unlocked. Lunar Capital secures client funds by using segregated accounts, keeping your funds separate from the company’s assets in compliance with international regulatory standards. Additionally, Lunar Capital recommends account verification, requiring clients to submit a personal ID and proof of address. This step helps ensure that all transactions are authorized and secure.
What is the maximum leverage available on Lunar Capital’s trading platforms?
- In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department.
- The selection of passive income options is limited, with copy trading being the only option available.
- Negative Balance Protection ensures you cannot lose more than your initial deposit.
After the consequences of Brexit Lunar Capital turned its operations to CySEC regulations in Cyprus as it shut down its UK offices while getting a new FCA license. Lunar Capital’s new European financial standards and enhanced credibility and system security create secure trading conditions for international customers, including Kenyan traders. Lunar Capital dedicates focused attention to protecting the investment capital of its Kenyan trader base. International financial regulations demand client funds to be stored in separate banking accounts at established high-end financial institutions.
Which Markets does Lunar CapitalFX offer?
- This will allow Kenyan traders to familiarize themselves with the platform’s features and the Forex market dynamics.
- The ability to receive a 50% bonus on each deposit adds value to every transaction.
- By offering personalized performance analysis, Lunar CapitalVision acts as a digital mentor, providing valuable insights and actionable feedback for traders at any experience level.
- In addition, Lunar Capital boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders.
Clients are allowed to trade their favorites, and at that, with low spreads. Offering 10+ market indices, Lunar CapitalFx Index trading tries to set up clients for a new experience with an exposure to a broader market. Clients can maximize the opportunity stemming from an availability of popular indices, inclusive of NASDAQ, Nikkei, Euro Stoxx 50 and others. For example, you can deposit and withdraw using visa debit and credit cards with a minimum deposit of $25. While using credit and debit cards from MasterCard would give you options to fund or withdraw €50.
Therefore, it is doubtful that the ‘Lunar Capital scam’ is a correct evaluation of the our activities. The Lunar Capital Android and iOS MetaTrader 4 and 5 combine excellent charting with trading tools and other advanced features to make it easier for traders to trade on the move. Lunar Capital’s full-function trading interface allows traders to access financial markets, do technical analysis, follow the movement, and place orders from any location in the world. The negative balance protection system on Lunar Capital functions as a prominent feature that helps traders sleep more easily at night.
Overnight Fees, Rollovers, or Swaps
And so I realized that the case must be the same for my readers too, and so this section via this Lunar CapitalFX review is to discuss the level of customer service and support offered by Lunar CapitalFX. Let me tell you through this Lunar Capital fx review that the broker was authorized and regulated by the UK’s Financial Conduct Authority (FCA) until recently. That is, FCA requires some strict rules that agents must adhere to in order to obtain the license. https://lunarcapital.net/ For instance, the brokers must hold at least £730,000 in tangible assets to prove their financial stability. In addition, they have to keep client funds must be held in segregated accounts separate from the company’s operational funds.
Customer support at Lunar Capital is available 24/7, and hence one can expect issues or queries to be sorted as soon as possible. Moreover, the premium features such as leverage and copy trading are provided by the platform in very economical manners, thus proving to be highly cost-effective solutions for all types of traders. The foreign exchange market is full of opportunities for Kenyan investors, but it also carries significant risks. That is why traders are urged to create a risk-free Forex trial account before delving into live Forex trading. The Oct Demo Account delivers the exact Forex trading experience as a real account.
Check out my picks for the best mobile trading apps in the industry. Lunar Capital offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. Lunar Capital (formerly Lunar CapitalFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Read what actual users and industry experts say about us online in broker reviews. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home.
🛡️Regulated and trusted by CySEC, MISA, FSC and FSCA🛡️3158 new traders chose this broker in the last 90 days.🛡️Available for global Traders. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. Lunar CapitalFX won the best Islamic forex account awarded by world fiance in the year 2020 and the broker has been improving ever since.