In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance. If a LunarCapitalFX trading position does not go in your favour, this is where negative balance protection comes in handy. It’s important to note that LunarCapitalFX requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps LunarCapitalFX maintain a trustworthy financial environment for its 7,500,000 users.
Although we found some very useful aspects of the LunarCapitalFX platform that would be useful to some traders. It is important to note that LunarCapitalFX may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the LunarCapitalFX platform and features immediately.
Tips for successful traders
Trading CFD trades on the LunarCapitalFX platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets. CFD trading on LunarCapitalFX allows traders to speculate on the price movements of various financial instruments against the broker LunarCapitalFX, without actually owning real assets.
The LunarCapitalFX MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give LunarCapitalFX traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, LunarCapitalFX provides traders with everything they need to succeed. The LunarCapitalFX MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing LunarCapitalFX traders to analyze the market at any level of complexity. LunarCapitalFX partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their LunarCapitalFX clients’ funds.
LunarCapitalFX has a low minimum deposit requirement, making it accessible to a wide range of traders. The minimum deposit depends on the account type and payment method, but it can be as low as $50 for some account types. LunarCapitalFX offers the most used and well-known trading platforms from Metaquoets yet they seem to be not enough in comparison with other brokers who provide the same platforms and more. With all the updated and new technologies in the market, it seems like LunarCapital FX is falling behind with its updates. Both trading platforms allow CFDs and cryptocurrencies trading along with following the easy accessibility user friendliness methods to allow all trades everywhere at any time access. You can access both platforms from the web, IOS, android, and windows.
Mobile Trading Apps
Access your LunarCapitalFX MetaTrader 5 accounts from any web https://lunarcapital.net/ browser. MT5 on LunarCapitalFX features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget.
- Detailed information on the LunarCapitalFX trading platforms is available on their website.
- But so far throughout their 12+ years in business, LunarCapitalFX has maintained an impeccable reputation.
- The ED found that LunarCapitalFx utilized fin-tech employees to create mule accounts linked to shell companiesand fake e-commerce websites, to obtain payment gateway access to route the investor money abroad, by faking imports and freight services.
- Since LunarCapitalFX ads are directed at forex beginners, many people would start trading forex for the first time with LunarCapitalFX as their broker if their marketing was successful.
- LunarCapital offers two different trading platforms for your use, each allowing for unlimited access from your desktop, laptop, or mobile device.
- LunarCapitalFX offers various funding payment methods listed in your LunarCapitalFX dashboard if available in your region.
One thing to note – LunarCapitalFX’s ECN account does charge a small $6/lot commission to offset the even lower institutional spreads they provide. It’s quick and easy – deposits are free and the money shows up in my account instantly. First, they are properly licensed and regulated in their home country of Saint Lucia. This means they adhere to strict laws and oversight designed to protect traders. With all those global customers, you might think LunarCapitalFX is headquartered in a major financial capital like London, New York or Tokyo. But its roots are actually in the island nation of Saint Lucia.
When it comes to account types and minimum deposits, LunarCapitalFX wins again in my opinion. You can open a Micro Account with just a $100 deposit with LunarCapitalFX. Exness has a higher minimum deposit of $200, while FXTM requires a bigger investment of $500 minimum to open an account.
LunarCapitalFX Review – Conclusion
Spreads start from 0.4 pips on major currency pairs like EUR/USD. Additionally, LunarCapitalFX offers swap-free accounts for traders who want to avoid overnight charges. For me, support and assistance anytime anywhere is one of the most important factors for me to choose the forex broker I’ll be trading with. And so I realized that the case must be the same for my readers too, and so this section via this LunarCapitalFX review is to discuss the level of customer service and support offered by LunarCapitalFX. Through this LunarCapitalFX review 2024 we’ll have a look at major points to be covered about the broker, Is LunarCapitalFX a scam or legit? We’ll also cover the account types, spreads, minimum deposit, and leverage offered by the broker.
The ED found that LunarCapitalFx utilized fin-tech employees to create mule accounts linked to shell companiesand fake e-commerce websites, to obtain payment gateway access to route the investor money abroad, by faking imports and freight services. Additionally, these transactions disguised as being carried out for e-commerce websites allowed app promoters to prepare contingency plans in case users sought their money back. “From these wallets, this payment aggregator was used to route money into accounts directed by app promoters,” an ED official said. But since the system was always stacked against individual traders in LunarCapitalFx, their losses multiplied and they needed to deposit more and more funds to get out of a trade. Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia. Traders are guaranteed to close your trade at your specified price.
LunarCapitalFx’s aggressive promotions and money laundering scheme
Since the rules are set for a reason, the purpose of the rules within the forex market regulations is to protect against the risk of a complete loss of capital. Also protection to the investor against fraud and untrusted brokers. Since scams and fraud are quite the issue in the forex market, I thought it would only make sense to make the first and foremost important section of this LunarCapitalfx review discuss the regulation and safety of funds. Regulations are technically the first and foremost criterion to determine the trustworthiness of any forex broker.
The Enforcement Directorate (ED) has named a Russian national Pavel Prozorov as the principal accused in the operations of LunarCapitalFx. This forex trading platform allegedly defrauded Indian investors with Rs 800 crore. “As per RBI norms, platforms have to refund money within 60 days if flagged as fraudulent transactions by users. By using e-commerce websites, app promoters prepared a backup to answer banks on the nature of refund transactions,” another ED official said.
- LunarCapitalFX has been facilitating trade on the financial markets for over 14 years.
- So, take a seat, grab a cup of coffee, and dive in to learn about LunarCapitalFX and how it can benefit you or if LunarCapitalFX is not for you.
- If there’s anything else we can help with, our live chat and team is always here for you.Kind regards,LunarCapital Rep.
- At 100brokers, clarity and transparency are essential values.
If you decide to close your LunarCapitalFX account, it’s important to do so with the LunarCapitalFX broker customer support and obtain confirmation that no remaining LunarCapitalFX fees are due. A minimum deposit is the minimum amount of money required by LunarCapitalFX to open a new online brokerage account with them. LunarCapitalFX requires a minimum deposit of 5 GBP/USD/EUR when opening an LunarCapitalFX trading account.
LunarCapitalFX Trading Platform Options
When it comes to online trading with brokers like LunarCapitalFX, carefully review LunarCapitalFX as your broker can make or break your success. Choosing the right broker is essential to ensure your LunarCapitalFX investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders. At 100brokers, clarity and transparency are essential values. Our platform is free for users, earning commissions from some partners without extra cost to you. All materials and information provided by 100brokers are based on our proprietary, unbiased professional methodology, designed in the best interest of our users and independent of our compensation structure.
You can try our demo accounts to sharpen your trading skills, or visit our official YouTube channel, where you’ll find a wide selection of educational videos, market insights, and tutorials designed to support your growth as a trader. We look forward to supporting your continued trading success. Dear Andreas Djunaedi Sutandar, Thank you for taking the time to share your feedback with us. Your words encourage us to keep improving and innovating to serve you better.To help you make the most of your trading experience, we invite you to explore our demo accounts, where you can practice your strategies without any risk. We look forward to continuing to support your trading journey. We’re truly pleased to hear that you’re enjoying our support and services.
We hope, with these insights, anyone interested in LunarCapital trading opportunities could decide whether to invest in them or not. Users from all over the world have traded in the financial markets using our platforms and mobile apps. Therefore, it is doubtful that the ‘LunarCapital scam’ is a correct evaluation of the our activities. Although traders have had great success with LunarCapitalFX, trading on the financial markets with LunarCapitalFX is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase.