During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. LunarCapital offers traders a competitive commission-free trading environment.

Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes LunarCapital more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and LunarCapital is transparent about its products and services.

ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. LunarCapital’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA.

• LunarCapital-ECN clients can trade forex instantly, taking advantage of live, streaming, best executable prices in the marketplace, with immediate confirmations.
• Many inexperienced traders will class it as simply attempting to bank small pip gains, over short periods of time.
• Embedded tick charts are an extremely useful way to determine accurate entry and exit points.
• As a result, their clients’ win is their own win or else they wouldn’t be able to make any profits.

The $0 minimum deposit also makes the forex LunarCapital official site broker accessible for new traders. New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy. Experienced traders will appreciate the tight spreads, access to MT4 and a VPS, plus zero strategy restrictions.

Both versions offer a seamless, responsive interface, providing ultimate flexibility for traders who need instant access from any device with internet connectivity. LunarCapital has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds. The reliability of the firm and the reputation of the Forex market is much enhanced by these steps. LunarCapital can deposit and withdraw funds through bank transfers, debit/credit cards, and e-wallets.

Forex Trading Instruments & Currency Pairs

There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. This feature is something that Forex dealers usually can’t afford to make compromises on. ECN brokers guarantee that efficient trade performance is very much certain at every go. This specific technique of trading does not need the client to trade with the broker, but instead uses its network to place orders. This different method really does let anyone enjoy improved trade execution. As opposed to the Market Makers, the Electronic Communication Network (ECN) brokers do not make a profit on spread difference, but charge a commission on positions instead.

LunarCapital responsibly maintains a solid regulatory framework and comply fully with financial laws as an authorised and regulated broker.

LunarCapital Reviews 252

The plan doesn’t have to be a highly complex document at the outset. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Im trading with LunarCapital for over 3 month now and cant complain much.

North American Markets

This book is a brief overview of the various aspects of fundamental and technical trading. The customer service people answered me quickly and professionally, even though I was a little “difficult” at times… It’s a small thing, but it adds up to form the overall experience with a company. As long as everything remains the same, I think I’ll keep using it. The ECN/STP model gives LunarCapital clients the freedom to trade on a more level playing field.

Customer Support

The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive. On the downside, LunarCapital’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. Islamic traders will also be pleased that a swap-free account is available upon request. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. Here is a screenshot of the LunarCapital quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.

• On the downside, LunarCapital’s high fees for most withdrawal methods are a disadvantage.
• And unlike the trading of shares or assets, the foreign exchange trading doesn’t take place on a regulated exchange.
• Islamic traders will also be pleased that a swap-free account is available upon request.
• Considered as the most popular online educational resource which are suitable for all traders regardless of their level of experience.
• However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing.
• This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.

Some of this forex trading is undertaken on behalf of customers, but much is conducted by proprietary desks, trading for the bank’s own account. ECN brokers are financial experts that use their sophisticated electronic networks to link their clients with other market participants. Consolidating quotes from different participants, ECN brokers are able to offer tighter bid/ask spreads. This eBook describes the importance of perfecting money management as an integral part of a trading plan.

There is no dealing desk to intervene, there are never any re-quotes. Traders are granted unhindered access to market prices through an ECN agent and a dedicated account. Since the prices vary upon supply, demand, instability, and other market environments, through the correct ECN broker, one can trade on very low bid/offer spreads. The Forex market is said to be one of the most popular markets for smaller traders.

LunarCapital offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. LunarCapital maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most https://lunarcapital.net/ liquid currency pairs like the EUR/USD and the USD/JPY.

LunarCapital provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. One of the most ignored trading costs is swap rates on leveraged overnight positions.