Moreover, preventing multiple registrations per IP address or per personal details protects the integrity of the promotion and ensures equitable distribution of incentives. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. Still, I feel that Lunar Capital could become a more attractive forex broker by expanding the range of tools it supports.

• Traders from these countries should consider other brands in this list.
• Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
• For example, only $1 of profit can be withdrawn for each lot traded using the standard welcome bonus.
• Traders looking for a no deposit bonus will also appreciate SuperForex, which offers $88 to those that register for an account and claim the offer in the Client Cabinet.

Forex Assets

Importantly, your funds will be held in segregated accounts with Tier-1 banks, and you’ll enjoy negative balance protection whichever entity you open an account with. This means that you cannot lose more money than you invest with Lunar Capital. With Lunar Capital, you can open a trading account denominated in US dollars, euros or British pounds. If you fund your account in a different currency, Lunar Capital will use Hellenic Bank’s exchange rates, published here.

The Vanuatu Financial Services Commission (VFSC) provides Lunar Capital with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but Lunar Capital does not list them.

PLATFORMS

Lunar Capital reserved the right to disqualify any trader for falsification of personal information, evidence of manipulation, or fraudulent trading behavior. Clients must maintain full compliance with Lunar Capital’s general trading terms and risk warnings to preserve eligibility. Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (Lunar Capital) decided to build on their vast market experience to become the most customer centric forex broker in the business.

One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. Lunar Capital provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, Lunar Capital maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. Lunar Capital ECN XL account holders pay no commissions to trade any supported asset.

Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. FXC offers an exciting opportunity for new forex traders with their $1000 No Deposit Welcome Bonus. This bonus is designed to help you start trading without needing to put any of your own money at risk. For traders specifically interested in copy trading, it may be worth exploring other brokers that offer this feature. It’s always advisable to check Lunar Capital’s official website or contact their customer support for the most up-to-date information on available features and services.

Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Our ECN XL account has all https://lunarcapital.vip/ the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry.

The mentioned brokerage offers 1 live account type ECN XL with a swap-free option. Lunar Capital can deposit and withdraw funds through bank transfers, debit/credit cards, and e-wallets. It is the security and speed of transaction processing that also contributes to high ratings of brokerage services. Lunar Capital is committed to providing its users with educational resources through webinars, trading guides, and market analysis.

Lunar Capital is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. One of the most ignored trading costs is swap rates on leveraged overnight positions.

ECN XL Account the ZERO Account

• While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively.
• The key considerations here are the amount the broker will add to your deposit, generally displayed as a percentage, for example 100%.
• While this structure incentivizes active trading, it also imposes a high-pressure environment that may not align with all trading styles.
• Lunar Capital’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.
• Lunar Capital maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies.
• The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.

We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. I rate Lunar Capital’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me.

How To Make A Forex Trade

The other is the total amount of bonus funds available, https://lunarcapital.team/ for example up to $2,000. We don’t consider this a reputable regulator so traders should be aware they may receive little in terms of legal protections should the firm run into financial difficulties, for example. FXChoice stands out for its quick sign-up process and immediate access to bonus funds. These can range from 6 to 16+ fractional shares depending on the promotion.

Lunar Capital’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again. Our team highly rates Lunar Capital’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. On the downside, Lunar Capital’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.

Lunar Capital offers an attractive 100% first deposit bonus to both new and existing clients holding an ECN XL account. Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of ECN trading with Lunar Capital. Practice your forex trading skills or test new strategies with zero investment.

Lunar Capital provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. Lunar Capital offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool.