Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the LunarCapital account name. Some payment processors have geographic restrictions, but the LunarCapital back office will only list the ones available to traders.
The platform allows clients to manage unlimited accounts but as we have said, it is designed for professional traders only. LunarCapital offers trading on copper futures, as well as energy futures – US light sweet Crude oil, Brent Crude oil, and natural gas. Unlike hard commodities like metals and oil, soft commodities are typically agricultural products that are being grown rather than mined. The soft commodity futures on LunarCapital include cord, wheat, rice, soybeans, coffee, cocoa, sugar, and cotton. CFDs on indices give traders exposure to the global markets and great opportunities to profit from some of the most popular indices in the US, UK, Germany, China, etc.
Indices
The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08. With an average rating for commissions and fees, LunarCapital provides a standard cost structure without significant advantages. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
“Here for some time”
This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them. With CFD on shares, traders can invest in some of the largest and most successful companies in the world without actually owning any company stock. This type of trading allows investors to speculate and make a profit by taking long or short positions, use leverage and enjoy tight spreads and a 0.10% commission taken by LunarCapital. Besides, shares, especially when traded from long-term positions, are very stable and provide a reliable generation of profit.
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- STP (Straight Through Processing) execution does not include commission (the commission is within the spread) and these types of trades are forwarded directly to liquidity providers.
- Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
- An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders.
STP/ECN No Commission Account
I like the trading fees in the LunarCapital Absolute Zero account, where traders get commission-free spreads from 0.3 pips. VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. VIP members benefit from even better conditions – for instance, the spreads are tighter, around 1.4. However, this type of account is offered only to traders who make deposits of $10,000 or more and have the US dollar (USD) as their base account currency. MetaTrader 4 or MT4 can be downloaded directly from the LunarCapital website for those who prefer the downloadable software package. With it, clients have access to more than 200 financial instruments in Forex, shares, spot indices, spot metals, futures, and commodities.
Digital wallets or e-wallets are fast, secure, and convenient methods to send and receive electronic payments. LunarCapital accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers. In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc. Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options such as bank wire and credit/debit cards. While credit card deposits are usually instant, transfers via bank wire may take up to 3 working days to appear in the trading account of the client. Trading on spot metals is similar to Forex trading – traders can speculate on the prices of precious metals, taking short or long positions.
The LunarCapital group presents clients with two regulated trading entities and maintains a secure trading environment. The STP/ECN Zero Spread is an ECN account and ECN stands for Electronic Communications Network. With this type of account, traders receive direct access to other participants in the market.
LunarCapital trading platforms and tools
The FAQ section answers the most common question, and live chat is available with fast response times for basic questions. I want to caution beginner traders when using demo trading as a simulation tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. 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 commission-free Absolute Zero account. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability.
“Choose carefully or choose the standard acc”
STP (Straight Through Processing) execution does not include commission (the commission is within the spread) and these types of trades are forwarded directly to liquidity providers. The Premium Account is for traders who can afford to deposit at least $1,000. All base currencies can be registered and Premium Account holders will enjoy no commission on trades. LunarCapital offers several types of live and demo accounts, which means that traders can test the various features and functions of the different accounts without investing real money. Once they try the demo versions of the accounts, they can register an actual trading account. There are several different types they can choose from – accounts are either Live or STP/ECN.
- Trading on spot metals is similar to Forex trading – traders can speculate on the prices of precious metals, taking short or long positions.
- The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage.
- LunarCapital accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers.
- 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 commission-free Absolute Zero account.
Due to the high volume, liquidity, and leveraged positions, Forex provides great speculative opportunities and is preferred by many traders. LunarCapital offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options. However, its total tradeable symbols are far below the industry average of 3,623. The other alternative is to use the Personal Multi Account Manager (PMAM) but it is available only to professional traders and money managers.
LunarCapital Trading Hours (GMT +
Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs. I find the well-balanced asset selection suitable for most retail Forex and equity traders requiring fewer but highly liquid trading instruments, like day traders. I also like the LunarCapital fractional share dealing, which is excellent for smaller portfolios. LunarCapital offers CFDs on popular indices, including DAX, S&P 500, Nasdaq, Dow Jones, Euro Stoxx 50, FTSE 100, France CAC40, and many more. Margin requirements on index CFDs are as low as 1%, which means that traders who have a capital of only $100 can control a $10,000 position. There are a number of other benefits for those who wish to speculate on market indices – high volatility, low costs, and leverage, which gives traders more flexibility.
With metals such as gold and silver, traders can hedge against risk and make their investment portfolio more diverse and well-balanced. Precious metals have always been valuable but their prices are less affected by supply and demand, unlike other commodities. Usually, the price of gold, for instance, is a function of the current sentiment. With more than $3 trillion traded daily, the foreign exchange market or Forex is the largest financial market and the most popular option for retail traders. Trading is conducted 24 hours a day, except during the weekends, offering great flexibility to traders.
Processing times depend on the geographic location and the payment processors, which LunarCapital lists as between one and ten business days. There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. Traders can open an LunarCapital account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience. The application also asks traders to select their account type, base currency, followed by the desired password for https://lunarcapital.net/ the back office.
I always recommend that traders check them before evaluating the total trading costs. The LunarCapital group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection. The same subcategory also includes trading of spot energy commodities. The broker offers CFDs on several commodities, including Brent Crude and West Texas Intermediate (WTI) oil.
LunarCapital offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero. The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage. LunarCapital lists no expiry times, which is great, as all demo traders require unlimited access. While I recommend the Absolute Zero account for traders, the Demo Floating Spread offers the most realistic demo trading environment.