
Our introduction mirrors the clear, concise, and precise individual service we render to our clients. If you have experienced other brokers, allow us the privilege to demonstrate why we consider ourselves unparalleled in the industry. This approach negates any conflicts of interest or price mark-ups, corroborating LunarCapital’s stance as a trustworthy partner in trade execution. In summary, while LunarCapital’s ECN XL account advertises attractive conditions, the significant concerns regarding the MISA regulatory oversight make it a high-risk proposition for most traders. Benefits of low trading costs must be weighed against substantial risks to fund safety.
However, the overriding concern is the MISA (Mwali) regulatory framework. Given serious questions about MISA’s legitimacy, genuine investor protection is highly questionable, significantly elevating risk. LunarCapital appears to cater to experienced, cost-sensitive traders focused on ECN forex, comfortable with MT4/MT5 and higher risks of offshore regulation. For beginners, those needing diverse instruments, robust education, or strong regulatory oversight, LunarCapital presents considerable drawbacks.
The alignment of LunarCapital with client trades facilitates counter-party executions, showcasing LunarCapital’s unwavering commitment to client interests, making it a reliable ally for traders. With its stringent adherence to CySEC regulations, LunarCapital grants clients access to a consummate Forex model STP/ECN, establishing itself as a non-market maker, distinctly separating it from Dealing Desk brokers. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features.
Unlike Dealing Desk brokers, LunarCapital never opposes client trades, ensuring a seamless and transparent trading experience. The potential for stop loss hunting or spread widening is meticulously eliminated. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.
Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Based on the information on the website, the support department is available 24 hours, Monday to Friday. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
Swaps can be either positive or negative based on the interest rate differential between the two currencies in a currency pair. LunarCapital does not charge particular fees for overnight holding of positions outside the average swap rates. In alignment with our steadfast commitment to client security, all client funds are meticulously held in segregated accounts. These are unequivocally distinct from any and all LunarCapital corporate accounts, a measure that fortifies the integrity of our clients’ assets and builds an enduring foundation of trust and reliability. Traders are lavished with a unique concoction of premium services and low-cost trading solutions, rendering the ECN XL Account as the unanimous choice for traders around the globe.
“Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” Also, there are no commissions for trading, deposits, or inactive accounts. The process includes just three essential steps and provides immediate access to the ECN trading environment. Once registered, users can explore deposit methods and trading platforms through the LunarCapital dashboard. Designed for both beginner and professional traders, LunarCapital emphasizes secure trading, offering negative balance protection and storing client funds in Tier-1 banks.
A demo account is available for traders wishing to practice or test the platform and conditions. However, FXScouts notes that the demo account expires after 30 days, which may be a limitation for traders seeking an extended period for practice or strategy testing. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
LunarCapital is regulated by Cyprus Securities and Exchange Commission (CySEC) , a low risk trading broker. Our relentless pursuit of operational security is anchored in our solid regulatory framework, meticulous segregation of client funds, and our fortified association with the Investor Compensation Fund. Each of these elements interweaves to form a robust tapestry of security, reflecting our unwavering resolve to protect our clients’ assets and interests.
The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.
Compared to the industry average, LunarCapital provides a low number of indices, an average number of commodities, and a high number of currency pairs, stock CFDs, and cryptocurrencies. The broker doesn’t charge deposit fees, and while some withdrawal methods may involve third-party processing fees, LunarCapital has your back—it reimburses those fees when you fund your account. When we review brokers, we look at the licenses held by each of their entities to understand how well they protect clients. We use a simple three-tier system to rank regulatory bodies—Tier 1 being the most trusted and offering the highest level of protection.
LunarCapital offers excellent customer support, available 24/5 through live chat, https://lunarcapital.space/ email, and phone. Response times are generally fast, ranging from just a few seconds to about two minutes. My only minor complaint is that support is currently available only in English.