Additionally, Lunar Capital maintains a comprehensive FAQ section and provides educational resources on its website, empowering traders with the tools to address common queries independently. It supports all order types, including complex orders used for custom strategies. It has transparent pricing and market depth with access to over 10,000 products. There are customized real-time trade and news alerts available directly on the platform or via email or text message. This enables you to stay up to date with the latest market news and pricing. Before opening a live account, novice traders can use the demo to test the broker’s platform and the available trading instruments.
When creating one, you choose the platform, account type (Standard or RAW), and base currency, after which the system instantly credits 100,000 units of that currency. The demo account is not time-limited and does not require verification, allowing you to refine your strategies indefinitely without any risk. For Standard and RAW accounts, the minimum initial deposit is 100 AUD (or the equivalent in USD/EUR).
Lunar Capital offers the MetaTrader and cTrader platforms, which feature strategy backtesting and automated trading. Clients can also benefit from VPS https://lunarcapital.team/ hosting, which maximizes trade execution speed and protects against power and internet outages. Deposits to MT4/MT5 accounts are often instant, while withdrawals typically take 1 business day for most methods. Card and bank withdrawals may take between 2–10 business days, depending on external bank processing times.
As Iress is mostly optimized for share trading — not forex — I focused on Lunar Capital’ MetaTrader offering and the Lunar Capital proprietary app for this review. Yes, based on your detected country of UA, you can open an account with this broker. This includes winning the Most Satisfied Traders award six times, winning the Best Trade Execution award four times and being a winner of the Best Customer Service in the industry.
- You can fund or withdraw using multiple methods, including credit/debit cards, bank wire transfers, e-wallets like Neteller and Skrill, and cryptocurrencies.
- Lunar Capital stands out with its extensive offering of over 10,000 stock CFDs.
- However, that pricing is only available with the MetaTrader platform, and Lunar Capital offers only 764 symbols on MetaTrader 5 (MT5).
- There are many different languages that they cater for, such as English, German, Arabic, Spanish, French, Portuguese, Indonesian, French, Malaysian, Thai, Korean and Chinese.
- During standard hours from 9 AM to 6 PM EST, traders can access live customer support for prompt assistance.
Indices
On the Standard MT4/MT5 account, spreads start from 1.0 pip with no commission. The Raw account offers spreads from 0.0 pips with a commission of $3 per lot per side. For traders using the Iress Trader or ViewPoint platform, a monthly platform fee of AU$ 55 applies, though it’s refunded upon completing three trades per month. Additional data fees, such as AU$ 11 for international market access, may apply, but these too are refundable with qualifying trading activity. For more cost-conscious and high-volume traders, the Raw (ECN) account offers spreads from 0.0 pips, paired with a $3 commission per lot per side. This makes it a strong choice for scalpers, algorithmic traders, and active day traders seeking reduced overall costs.
🛡️Regulated and trusted by ASIC, CySEC, FSCA, FSA, FSC, and the CMA.🛡️2330 new traders chose this broker in the last 90 days.🛡️Available in numerous countries. He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. MT4/MT5 allow Expert Advisors; cTrader supports cAlgo (C#); VPS hosting and FIX API access are available for automated strategies.
- Lunar Capital stands out as a well-rounded forex and CFD broker, offering competitive spreads, fast execution, and a wide range of account types and trading platforms, including MT4, MT5, cTrader, and TradingView.
- The platform displays current prices streamed directly from the underlying exchange and has your orders placed into the exchange order book at the click of a button.
- Trading with a regulated broker like Lunar Capital reduces the risk of fraud and malpractice.
- At these times, the market is typically highly liquid with the tightest spreads.
- Traders can benefit from cost-effective trading while knowing what to expect in terms of fees and charges.
Why is regulation important in forex trading?
With over 10 flexible funding methods, including credit/debit cards, bank transfers, e-wallets, and cryptocurrencies, users benefit from instant deposits on MT4/MT5 and fee-free deposits in most cases. The platform supports multiple base currencies and maintains segregated client funds with AA-rated Australian banks for added security. Lunar Capital is a globally trusted CFD and Forex broker offering access to over 10,000 tradable instruments across Forex, Shares, Indices, Commodities, Cryptocurrencies, Bonds, and ETFs. As a broker offering ECN pricing, Lunar Capital streams its prices directly from its liquidity providers. The broker tries to satisfy the demand for deep liquidity and ensure the highest levels of price transparency, coupled with ultra-fast execution and minimal slippage. By connecting to multiple liquidity providers, brokers like Lunar Capital can deliver ultra-low latency and minimal slippage.
Close all positions, withdraw remaining funds, then email requesting account closure. Minimum deposit is low (100 AUD), there is multi-language education, 24/7 chat support and a commission-free Standard account with fixed costs inside the spread. The tool is accessible through the client portal and produces a PDF report in just a couple of clicks. This reliability is reinforced by regular independent audits of order execution and financial reporting, as well as nearly two decades of operation without major regulatory issues. Below you can see Lunar Capital’ overall scores across ten key service quality criteria.
What are the different account types available at Lunar Capital?
MT4 is especially well-suited for those focused primarily on the currency markets. It comes equipped with essential tools such as automated trading through Expert Advisors, customizable charts, various technical indicators, and the MarketWatch feature for real-time price monitoring. Single-click trading, price alerts, and live-streaming quotes further enhance the user experience. The platform’s intuitive interface is secure, with 128-bit encryption, and is also compatible with iOS and Android, allowing traders to manage their accounts from anywhere. One of the standout features of Lunar Capital is its competitive spreads, which enhance the cost-effectiveness of trading across various asset classes.
Later, a European division under a CySEC license and a South African entity under an FSCA license joined the Australian company, transforming Lunar Capital into an international brokerage group. Versus, comparison pages of alternative online brokers to Lunar Capital are listed below. Outside of Australia and Europe, the online broker is regulated offshore in South Africa (FSCA), Seychelles (FSA), and Mauritius (FSC). In our Execution Speeds testing, Lunar Capital achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms.
What is the cTrader platform best for?
If you are looking to trade stocks outside Australia with Lunar Capital then you are best to use the MT5 trading platform or consider TMGM who have IRESS outside Australia. Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment. However, traders outside Australia https://lunarcapital.vip/ and Europe should be mindful of regulatory differences.
Customer Support
Lunar Capital provides 24-hour support from Monday to Friday via live chat, phone, and email. During my two-week testing period, I experienced fast and reliable support via email and chat. CTrader supports automated trading and strategy backtesting through cBots—automated trading robots that execute strategies, similar to Expert Advisors (EAs) in MetaTrader. Overall, cTrader offers many of MetaTrader’s advanced features within a more modern, well-designed, and user-friendly interface.
Does Lunar Capital operate a bank?
Spreads start from 0.0 pips on the Raw account and from 1.0 pips on the Standard account, offering competitive pricing for both retail and professional traders. Lunar Capital does not charge internal withdrawal fees, but external payment providers (like international banks or e-wallets) may charge transaction fees. Higher volumes can reflect a brokers popularity and liquidity, which may influence your trading experience, particularly during volatile market conditions.
In addition to Forex, MT5 supports commodities, indices, futures, equities, bonds, and options trading. While some users may initially find its interface slightly more complex, those familiar with MT4 will likely adapt quickly. MT5 includes features such as six types of pending orders, hedging capabilities, and the Depth of Market display. It also introduces a multi-threaded strategy tester, 21 timeframes, 38 indicators, and 44 graphical tools.