Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. The daily deposit limit is set at $100,000 and withdrawals capped at $25,000. These amounts can take up to 7 business days to reflect in your Lunar Capital account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer. Withdrawal fees are charged depending on the method of withdrawal the trader uses. Traders should https://lunarcapital.net/ take note that payments made in any other currency apart from the base currencies of the various accounts may be subjected to conversion rates charged by their payment provider.
Overnight Funding Fee
- On its website, claims to have integrated modern technologies into its wide range of brokerage services to bring about a low priced as well as “fresh and native” trading experience.
- They also offer traders the chance to find out if the broker suits their strategy before committing funds.
- Lunar Capital supports a wide range of deposit and withdrawal methods, catering to the diverse needs of its global clientele.
- Traders should take note that with making deposits by using Bank Wire Transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.
- However, those craving advanced features might yearn for more than what the broker offers.
Lunar Capital is a decent platform, but I found the interface a bit outdated. The customer support is okay—they resolved my issue with a delayed withdrawal within 48 hours. While the fees are reasonable, I think they could improve the educational resources for beginners. It’s not bad, but there are platforms with more modern tools and features.
- Like stocks, these too can be traded on both their proprietary and third-party trading securities trading platforms.
- Additionally, Lunar Capital offers its proprietary platform, designed to cater to its customers’ specific needs.
- The discount broker is also a member of the Securities Investor Protection Corporation (SIPC) that insures the investor funds deposited with Lunar Capital for up to $500,000.
Lunar Capital positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. While Lunar Capital advertises 24/7 support, some users have reported occasional delays in response times. During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification.
This includesthe well-known MetaTrader 4 and MetaTrader 5 platforms. Additionally, theyoffer the CQG Trading Platform (often used for futures and options trading),ROX Premium, Sterling Trader Pro, and Lightspeed Trader. Traders also have the option to open Islamic and demo accounts with Lunar Capital broker to cater to diverse trading needs. The Islamic account complies with Sharia law by eliminating interest charges, making it suitable for Muslim traders. Meanwhile, the demo account allows new and experienced traders to practice strategies in a risk-free environment using virtual funds. Lunar Capital offers lower fees than most forex brokers based on our evaluation.
Versatility and Inclusivity in Account Offerings
The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. Lunar Capital offers 24/7 customer service,which can be contacted via online chat, email, or telephone. This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours. ROXPremium – ROX Premium provides access to major USstock and options exchanges (NYSE, NASDAQ, CBOE) for market data and orderrouting. It also offers connectivity to key exchanges in Canada, Mexico, andEurope.
Account types
Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform. Lunar Capitalr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry. There are no minimum deposit or withdrawal limits for bank wire transfers. Deposits are processed within one business day while withdrawals can take up to 3 days. Lunar Capital is a globally renowned online securities trader that best describes itself as a deep discount brokerage house. The brokerage was launched in 2006 in Washington DC by Success Trade Securities.
To accommodate diverse trading styles and preferences, Lunar Capital provides access to several robust trading platforms. These platforms are equipped with advanced tools and features to enhance the trading experience. These simulation accounts are a great way for beginners to learn more about forex trading without financial risk. They also offer traders the chance to find out if the broker suits their strategy before committing funds. The US brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options.
As such we may earn a commision when you make a purchase after following a link from our website. All the above are broker-assisted plans and also include an additional fee of $20 per trade. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. If there is a minimum monthly deposit or minimum balance with Lunar Capital, you must always ensure that you are in compliance with Lunar Capital account requirements. Bank Wire Transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.
Our evaluation of Lunar Capital shows there are limited trading promotions for retail traders. This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank Lunar Capital down for this. Our team don’t recommend traders choose a broker based on sign-up bonuses. You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims. You then choose an investment portfolio and let the robo-advisor provide advice and services.
Is Lunar Capital a recommended forex trading broker for experts and beginners?
The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs. Lunar Capital offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. Trading fees are low and there’s a variety of trading platforms to choose from. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal.
Trading Hours
For investors who want to trade on the go, Lunar Capital provides a seamless mobile trading experience with dedicated applications for Android and iOS devices. These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. Lunar Capital is a front-runner among the diverse online brokerages on the market. The broker is ideal for traders seeking an uncomplicated, user-friendly platform for seamless trade execution. It’s not packed with complicated features, making it less daunting for beginners. Cost-conscious traders would appreciate its competitive spreads, reflecting the broker’s commitment to affordability.
With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them.
Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs. The extensive forex trading options make Lunar Capital a perfect broker for an elevated trading experience. For those inclined toward commodities, Lunar Capital provides a diverse asset range, including agricultural and non-agricultural securities. This provides access to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less. Lunar Capital offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds.
Lunar Capital Trading Account Base Currencies
Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where Lunar Capital Pro charges $2.50 per trade but are commission-free on the Lunar Capital lite platform. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. Lunar Capital recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. The Forex demo account at Lunar Capital isdesigned for traders who are new to forex markets.
Our tests show that only a select few brokers, such as Saxo Bank, can rival Lunar Capital when it comes to the number of trading products. Importantly, forex can be traded via contracts for difference (CFDs). This type of derivative allows traders to go long or short on currencies. CFDs can also be traded with leverage, which increases potential returns (and losses). Other fees to be aware of are the swap fees that are charged on positions held overnight.