In our review, the entire withdrawal process took less than 35 minutes. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds. Withdrawals must be made using the same methods as deposits, meaning all available deposit methods can also be used for withdrawals. To enable multiple withdrawal methods, a new deposit using a different method is required. The processing time can vary from 30 minutes to three business days, depending on the method and conditions.
The LunarCapital Status Program allows traders to unlock various benefits based on their trading account balance. Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity. For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook.
Account Comparison
This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question. Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved. Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. This is a useful feature if you’re new to trading as you’ll know your monetary risk instead of guessing with a pip conversion which could lead to mistakes and over-risking your trades. Out of the platforms available, I believe MT5 is your best option overall as it allows you to trade all asset classes and improves on the features of the MT4.
According to a member on Reddit, LunarCapitalFX occupies the security commission’s list of platforms to avoid. However, some users have appraised the company, claiming they had good trading experience and fast withdrawal. Captial.com is one of the biggest online brokers available and is certainly very trusted. They managed to attract millions of users thanks to the simple interface and the dedicated support team.
- I like the addition of bonus and instant withdrawal which makes everything so seemless that i can eat in the restaurant while trading and use same money to pay the bill.
- Customers will be able to do Candlestick, Line Chart, Bar Chart, and Tick Chart using Excel on mobile.
- The trading interface of the mobile app is quite basic, yet it is functional.
- Here are some of the spreads we found on the most commonly traded assets with LunarCapitalFX as an example.
- The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.
Copy Trading (Social Trading)
Nevertheless, new users can always use the promo codes of LunarCapitalFx affiliates to receive bonuses or chat with the live support on their website to get the promo code. This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them. Clients can, on creating and funding an account, find, follow and copy these leading traders at will. This broker charges no fees on currency conversion during deposits and withdrawals. However, with deposits in currencies other than the USD, the payment provider on conversion of the funds to dollars using their internal exchange rate may charge additional fees.
Dear Prashant Shankar Nagane, Thank you for your generous feedback and for taking the time to share your experience with LunarCapital. We are truly delighted to hear that you find our transaction services “unbelievable” and are satisfied with the speed of both deposits and withdrawals. Your trust and satisfaction motivate us to keep innovating and improving our services further.Should you have any suggestions, feedback, or questions, we are always happy to assist.
You should, by all accounts, know that most brokers use MetaTrader as their “go-to” trading software, and LunarCapital is no different. However, they do have interesting proprietary platforms so let’s also take a look at those. As with most online brokers that have been around for over a decade, the assets list that LunarCapital offers its clients is quite substantial. They provide the usual assets such as forex, stocks, commodities, indices, and cryptocurrency. Lastly, if you are looking for another way to tell if the company holding your capital is reputable, it is to see if they hold any awards for “best business” practices. This is a great way to tell if the broker is operating in a genuine manner.
Spreads
- Dear Mohamed Al John Sheik Mohamed, Thank you for sharing your positive experience with us!
- The spreads for both the MT4 and MT5 accounts are floating and start at 0.7 pips.
- The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag.
- Their website promises trading on low spreads, fast execution, and reliable service.
- Dear khumalo Boitumelo, Thank you for your kind words and for taking the time to share your experience with LunarCapital.
Through this updated LunarCapitalfx review 2024, I explained the deposit and withdrawal options don’t seem to be sufficient considering the wide variety of options available with other brokers. The broker used to be regulated by one of the best regulators yet they lost it and now their regulation is under review. Let me tell you through this LunarCapital fx review that the broker was authorized and regulated by the UK’s Financial Conduct Authority (FCA) until recently. That is, FCA requires some strict rules that agents must adhere to in order to https://lunarcapital.net/ obtain the license. For instance, the brokers must hold at least £730,000 in tangible assets to prove their financial stability.
LunarCapitalFX Main Features
LunarCapitalVision makes it possible to use AI to improve trading skills, increase awareness when making decisions. The most important thing is that the trader receives a personalized analysis of his actions. LunarCapitalVision acts as a digital mentor, helping traders of all levels make more informed decisions and potentially achieve more consistent results. With LunarCapital, you’ll get a clear and concise fundamental analysis from Monday to Friday delivered to your inbox.
Money Protection
Yes, LunarCapitalFX offers Islamic trading accounts, making them available to Muslim traders. The demo account comes with generous virtual capital and is an invaluable tool for novice and experienced traders seeking mastery of advanced techniques relevant to the industry. For experienced traders, or beginners looking to develop further, LunarCapital also provides resources to learn 12 trading strategies including chart patterns like wedges and candlesticks like the hammer. My experience with LunarCapital’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service.
This section of the site is well supported by the Customer Services and the Education sections of the site. There is also a dedicated VPS (Virtual Private Server) for ‘algo’ traders. There is no extra verification required, and once a client’s separate wallet is set up, it’s easy to hook up to the signals of other traders. LunarCapital Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain LunarCapitalFX.eu.
These resources are a nice grounding if you don’t know anything about trading, but we would classify the amount of available information as average. Lastly is crypto and this broker offers an extensive list which is on par with the forex list they offer. They do not have all the currencies, but most of them are tradable. Again, this is true for the biggest and most popular cryptocurrencies. They don’t specifically have a page dedicated to the crypto they offer; however, you can view their “live quotes“, where you can get a breakdown.
They particularly cater very well for the new traders with an excellent basic training in forex including topics like how to get started with the broker, ECN trading, and technical analysis. Trading hours are the times when a particular asset is available for trading. With LunarCapitalFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday. This applies to all markets including forex, commodities, and cryptos. Managing risk is of course a vital element for any forex trader and broker combination. LunarCapitalFX utilizes all of the tools that are in place with your trading platform to help you to do this.
