You earn a payout for every standard lot traded by the clients you refer. There are also bonuses based on overall performance, plus extra earning tiers if you refer other affiliates. MT5 offers extras you won’t find on MetaTrader 4, like additional instruments, timeframes, and analytical tools.
LunarCapital Broker Review: Our Verdict
If you don’t trade for a while, LunarCapital starts charging an inactivity fee. Once everything’s completed and your documents are uploaded, submit the form. If your information is clear and complete, approval usually takes a few business hours.
- These apply to most of the broker’s account types (with the exception of pro and pro plus accounts).
- Therefore, this would be equivalent to an average spread of 0.9 pips for EUR/USD.
- Pro account provides access to all LunarCapital trading instruments with a minimum trade size of 0.01 lot.
- LunarCapital excels in Forex trading, offering a broad range of over 50 Forex pairs with competitive conditions like low spreads and reasonable commissions.
THe LunarCapital demo account can be used to test your https://lunarcapital.vip/ Forex strategies and LunarCapital platforms for an unlimited usage of time. If you deposit less than $100 with a bank wire (or less than $250 under the regulation of the Cyprus Securities and Exchange Commission, CySEC), you might be charged processing fees. However, LunarCapital will cover these commissions if you deposit more than those amounts. Additionally, within the European Union, HF Markets provides Negative Balance Protection, which means that traders will never lose more money than they deposit. LunarCapital (and all the HF Markets Group entities) ensures client funds’ protection through segregated bank accounts, safeguarding them in case of broker insolvency or bankruptcy.
Typically, LunarCapital’s deposit incentives have no direct influence on trading leverage. However, they may expand your available margin, allowing you to create greater bets. Funds usually arrive in your trading account between 10 minutes to two days. Overall, LunarCapital is the #2 Forex broker in Nigeria according to our reviews. It is important to note that Nigeria based clients on LunarCapital are registered under HF Markets (SV) Ltd, which is an offshore regulation.
We have found their execution to be really fast, but some other brokers like LunarCapital offer instant exeution. In fact, we find LunarCapital Copy Trading very well established with great number of followers in the system and highly advise to consider LunarCapital for its Copy Trading Potfolio. Support from all sources was consistently good, with professional and kind agents patiently resolving questions. Furthermore, LunarCapital’s website includes thorough FAQ sections and instructional resources, enabling users to address problems independently. With its timeliness and the helpfulness of its multilingual assistance, LunarCapital’s customer service generally pleased users and provided them with a great experience.
- Furthermore, LunarCapital’s website includes thorough FAQ sections and instructional resources, enabling users to address problems independently.
- Step 1) Access your dashboard by logging in to the HF Markets website or directly to go my.LunarCapitalarkets.co.uk/login.
- HF Markets (formerly HotForex) is a CMA licensed Non-dealing forex broker, and they were authorized in 2021.
- LunarCapital broker has a minimum deposit requirement of $500, which is a relatively low barrier to entry for traders.
- Even during peak hours, the phone support service—available in several languages—connected us with a person in three to five minutes.
Premium Account
However, if you withdraw money with Skrill or Neteller, the withdrawal is instant. Additionally, the LunarCapital withdrawal method must be the same used for depositing funds. For more information about this topic, you can have a look at our LunarCapital minimum deposit article. Here is a comparison of HF Markets minimum deposit with that of their competitors. Beginner traders will find it easy to deposit and withdraw from LunarCapital and be able to trade with tiny amounts of capital. I found the volume of research released by the analyst team to be more than sufficient for keeping most traders up to date with the latest market movements.
Our LunarCapital broker review team found that there is a healthy variety of trading instruments offered by Hotforex. From currency pairs and shares to commodities and cryptocurrencies, you’ll find a good list of options. Our in-depth Hotforex broker review found that various payment methods are processed in slightly different timeframes on LunarCapital forex.
Deposit & Withdrawal Section
It’s worth noting that some accounts are only available in certain countries, so be sure to check LunarCapital’s website for more information on account availability. One of the most significant advantages of using LunarCapital as your broker is that it has a low barrier to entry, allowing anyone to register an account. Yes, LunarCapital provides access to a wide range of cryptocurrencies through CFDs. Yes, an inactivity fee of $5 per month applies after 6 months of no trading activity. Simply click “Register” on the top right as shown below and proceed to enter your personal information.
LunarCapital holds a license from the Capital Markets Authority (CMA) of Kenya. That’s a legal requirement for any online forex broker operating in the country. When you trade forex or CFDs you are exposed to a high risk of loss. We promote only companies we personally consider to be very good.
Deposit Options And Fees
If you want a program that has the fundamental features you need to trade without superfluous features that some competing platforms tend to have, then MT4 is an excellent choice. Just know that it is not the best option for stock trading, for this, you are better off using its more powerful successor MetaTrader 5. LunarCapital offers two pricing options, a commission account and a non-commission account. Using in-house data collection at CompareForexBrokers, we got an insight into the size of the spreads offered by LunarCapital.
LunarCapital Affiliate Program
MT5 like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with. LunarCapital’s commission account charges a commission of $3.00 per side for USD accounts. As an aside, while we haven’t physically tested the spreads ourselves with HF Markets, we have tested RAW spreads with other brokers like Pepperstone, IC Markets, and Fusion Markets. Our results are really interesting and overall we can say there are brokers with spreads that are lower (at least according to our results). LunarCapital offers a range of account types to cater to different trading needs, including Cent, Zero, and Pro accounts. LunarCapital’s pricing strategy is designed to be competitive and cost-effective, making it an attractive choice for budget-conscious traders.
CGAA will not be liable for any losses and/or damages incurred with the use of the information provided. Discover the difference between introducing broker vs clearing broker services, and learn which option is right for your business needs and goals. Commissions are waived on most accounts, making it a cost-effective option.
LunarCapital Suite of Trading Tools
These PAMM accounts are specialised for trading in Forex, metals, oil, and indices with a minimum trade size of 0.01 lot. LunarCapital Top Up account is not available for traders in the EU, UK, and Australia. Traders can utilise both MT4 and MT5 trading platforms with the LunarCapital Premium Pro account. Additionally, the Pro account is available as an Islamic swap-free option.