2Cryptocurrency products are currently not available to retail clients residing in the UK. LunarCapital offers customer support over live chat and email, the agents are quick to respond and knowledgeable. 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 https://lunarcapital.net/ in any financial instrument. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website.
- Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
- LunarCapital defines trading activity as the account owner or authorized party placing a new trade or maintaining an existing one (via swap rates).
- All these platforms are available on desktop, web, and mobile, giving you the flexibility to trade from anywhere.
- The range of markets available with LunarCapital is quite broad however you can find other brokers that offer more choices for each financial instrument.
- Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.
Reviews
The platform connects with over a dozen providers, including its own licensed futures brokerage, giving you the flexibility to choose the best execution and data services for your strategy. LunarCapital is a global broker founded in 1999 that specializes in online Forex trading, and CFDs. They provide tools for easy trading, like mobile access and quick order execution.
It segregates client deposits from corporate funds and offers negative balance protection, ensuring clients cannot lose more than their deposit. It operates a transparent brokerage, details all trading fees, and ensures traders can reach LunarCapital via e-mail, phone, and live chat at any of its offices. Deposits, withdrawals, and inactivity fees are transactions other than trading and are non-trading fees, which are notably less frequent.
- The LunarCapital Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become LunarCapital’s hub for investment advice.
- When you purchase anything on LunarCapital, including Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds, or any other assets, you will be subject to LunarCapital spread fees.
- Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
- However, the Active Trader account offers tiered commissions with potential savings for high-volume traders.
- An Interest-free account is targeted at Swap Free Islamic Accounts who are forbidden from earning (or paying interest) as it is forbidden by Sharia law.
Because some companies like LunarCapital require a low minimum deposit, you can open an LunarCapital account with a low LunarCapital balance initially without incurring any additional LunarCapital fees. Investigate the LunarCapital fee structure they use for their other investment vehicles to determine whether or not LunarCapital fees are competitive. Spreads apply instantly once a trader opens a position, but swap rates on leveraged overnight positions only after the cut-off time. Currency conversion fees apply if the quote currency of the asset differs from the account base currency.
Spread betting allows UK residents to trade financial markets tax-free on profits. With LunarCapital, you can trade hundreds of financial instruments commission-free and with no stamp duty, while using leverage to open larger positions. You can also start with smaller bet sizes, from as little as 7p per point. Check our CFD Pricing Page for up-to-date information on our competitive spreads and commissions.
Broker Comparison
LunarCapital does change an inactivity fee for dormant non trading accounts.LunarCapital does not change an withdrawal fees from verified LunarCapital accounts.There are no LunarCapital deposit fees charged by LunarCapital. When trading live financial markets with LunarCapital traders must have a clear understanding of all LunarCapital commissions and fees. Commissions and fees are not standard across all trading platforms like LunarCapital; rather, LunarCapital fees may differ from other brokerage companies.
Are there any overnight financing fees (swap rates) at LunarCapital?
He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. For instance, TradingView has sophisticated automated trading strategies that can run backtests and trigger alerts via webhooks connected to third-party APIs.
How does the LunarCapital minimum deposit compare with other major brokers?
Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. LunarCapital to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes. If you are a high-volume investor, then the Active Trader account may be for you. This account offers LunarCapital’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market.
They are accounted for in the total purchase price that is displayed to you in LunarCapital. Pips are used to measure prices for both LunarCapital commodities and currencies. Whereas percentages are used to describe stocks and various other assets on LunarCapital.
It is available under CySEC, FCA, ASIC, and FSCA, providing access to over 100 markets. The LunarCapital Professional Account is designed for expert traders and is available under CySEC, FCA, and ASIC regulations. It offers access to a wide range of markets, including Forex, commodities, indices, stocks, and cryptocurrencies, totaling over 100 assets.
Interactive Brokers – Wide range of markets and great pricing
Every LunarCapital transaction has a $30 minimum withdrawal amount on LunarCapital that can be made available to the LunarCapital client. Any withdrawals made in a currency other than US dollars are subject to additional LunarCapital fees to cover the cost of currency conversion. Since the US dollar is used for all deposits and withdrawals, any other currencies that are converted into dollars first need to be converted into US dollars when withdrawing from LunarCapital. LunarCapital CFD positions that remain open overnight are subject to a nominal LunarCapital charge that is proportional to the value of the LunarCapital position. For example if your LunarCapital account base currency is USD and your funding method is EUR or GBP, you will be subject to a currency conversion fee from your LunarCapital deposit method used.
While you may not withdraw the amount immediately, you can use it for trading within the platform. If you’re interested in discovering more brokers offering deposit bonuses, you should read our article. European and British traders are required to deposit at least $300 to open a real account. Our research led us to highly recommend LunarCapital for those interested in forex and CFD trading due to its advanced platform offerings and favorable overall experience.
Lending money to LunarCapital margin traders and earning interest on LunarCapital customer deposits are the two primary ways that zero commission brokers generate revenue. Some LunarCapital critics say that this is is a strategy to entice LunarCapital customers into paying for additional services that they don’t need, when trading with LunarCapital. LunarCapital charges markups on raw market spreads, swap rates on leveraged overnight positions, and currency conversions where applicable.
For example, trading Euro-denominated assets from a US Dollar trading account or making a Swiss Franc deposit into a British Pound base account. Understanding the LunarCapital fees will help traders comprehend what they must pay, why they must pay, and how those costs compare to other brokers. If you want to discover other brokers offering a demo account, check out our top 10 of unlimited demo accounts. If you’re a beginner, we recommend checking out this top 10 of the best brokers for beginners first. For experienced traders, they can simply apply for the live account if you are ready to.
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. LunarCapital allows traders to trade over 100 financial instruments including Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds.
