Since my last review of LunarCapital almost a year ago, I would have expected the broker to expand its tradable instruments offering, but it still has the same limited number of assets. In my estimation, LunarCapital’s clients would benefit greatly if the broker introduced more share CFDs, ETFs, and futures contracts for a broader and more diverse general offering. Compared to the industry average, LunarCapital provides a low number of cryptocurrencies and indices, an average number of commodities, and a high number of currency pairs. The service is available for free to accounts with a funded and maintained balance of at least $2,500 that also achieve a monthly traded volume of at least 30 lots. From my testing, LunarCapital’s spreads are generally on the lower end, though its swap fees are noticeably higher. That said, the broker doesn’t charge volume-based commissions, has a modest inactivity fee, and only applies a handling fee on withdrawals.
Advanced Risk Management
Still, if low fees and fast execution are what you’re after, LunarCapital could be just the broker for you. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. I find LunarCapital’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.
Our regulatory compliance extends beyond our CySec regulation in Cyprus, manifesting in our possession of the MiFID passport for financial services firms within the broader realm of the European Union. This comprehensive regulatory alignment underscores our unwavering commitment to maintaining high standards of compliance, transparency, and ethical conduct. This model eliminates the possibilities of price or spread manipulations and assures no conflicting interests between LunarCapital and our valued clients, ensuring a transparent, unadulterated trading milieu.
Is LunarCapital suitable for automated trading?
LunarCapital’s ECN/STP model provides professionals, active traders, hedge fund managers and corporate clients with access to real time streaming and competitive prices directly from leading multibank liquidity providers. Saxo and Pepperstone also scored highly during our review process, with Saxo standing out for its extensive range of offerings, and Pepperstone topping the list for advanced trading features. IG’s tastyfx is the best choice for often underrepresented U.S. forex traders, while FOREX.com’s mobile platform takes the spotlight for trading and managing accounts on the go. Our list of top options is rounded out by AvaTrade, where beginner traders will find everything they need to develop, and XTB, thanks to its competitive pricing mix. Saxo delivers this broad offering with superb trading technology, excellent customizability, support in multiple countries, and a lot more.
The broker also supports social trading through partnerships with platforms like Myfxbook and Pelican, enabling users to follow and replicate the strategies of successful traders. I appreciated the LunarCapital market research for its attention to detail and diversity. The daily technical analyses are of particular value to day traders looking to spot viable trading opportunities on the EURUSD, GBPUSD, and USDJPY. Its website provides easy access to key information, including a clear breakdown of trading fees. Legal documents are also readily available and written in straightforward, easy-to-understand language.
Traders #1 ChoiceECN XL Account
Headquartered in New York City, FOREX.com delivers its top-tier product to over 454,000 customers in 21 countries across six continents. Contracts for Differences (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage. Before investing, you should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Michael is a full-time senior editor of investing and trading products for Investopedia. He has 20+ years of mutual fund, macro market research, institutional trading desk, and trading education experience.
Web Trading Apps
Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. At FX Central Clearing Ltd, our overarching goal https://lunarcapital.live/ is to manifest an environment characterized by unassailable security and trust. We believe in fostering long-term cooperation grounded in mutual trust. Operating under a true STP/ECN model, LunarCapital endeavors to provide the trading conditions that traders aspire to achieve, earning the respect and trust of our clients and ensuring their best interests are at the forefront.
- The safeguarding of our clients’ investments, privacy, and security is our foremost priority, allowing our clients to trade with peace of mind under our regulated brokerage.
- Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews.
- LunarCapital’s desktop trading platform is MT4 and MT5, available for Windows and Mac.
- LunarCapital’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets.
- In some cases—like trading the EURUSD pair—traders can essentially open positions at no cost.
Account Type
You can learn more about ourindependent review processand partners in ouradvertiser disclosure. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. The broker could improve its offering by including video content, such as periodic webinars and platform tutorials. 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. LunarCapital charges a monthly inactivity fee of 5 units in your account’s base currency (EUR, USD, or GBP) after 120 days of no activity, and it continues until you resume trading or the balance hits zero. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
LunarCapital stands out with its unique ECN XL account, which blends features of both Classic and Raw accounts. In some cases—like with the EURUSD pair—spreads can drop to 0.0 pips, allowing traders to open positions with virtually no cost. Day traders with LunarCapital can benefit from MT4 and MT5’s high customizability and the broker’s low trading fees.
True STP/ECN Execution: A Paradigm of Transparency & Competitiveness
LunarCapital operates on a hybrid STP/ECN model, whereby client orders are either routed to the broker’s pool of liquidity providers or matched electronically using electronic communications networks. However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT5’s charting capabilities too rigid and less effective. I was glad to see that LunarCapital has maintained its competitive pricing since my last review—and in some cases, like with the EURUSD pair, it’s even improved. Broken down by asset class and compared to the industry average, LunarCapital offers extremely low forex and indices spreads. Spreads on gold and oil were aligned with the industry average, while the Bitcoin spread was elevated.
CMC Markets is another trusted industry veteran that delivers a best-in-class product for active traders, and those seeking a cutting-edge trading experience. Foreign exchange (forex) traders have access to the largest and most liquid market in the world, 24 hours a day, five days a week. LunarCapital’s commitment to providing an ECN – STP model enables our clients to experience an unparalleled level of transparency and efficiency in forex trading. The synergy of innovative trading tools, comprehensive market insights, and a seamless trading environment makes LunarCapital a preferred choice for traders seeking integrity and excellence in the world of forex trading. Our unwavering focus on customer support and educational empowerment underscores our resolve to foster a conducive and informed trading ecosystem for our clients.
- While LunarCapital does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs.
- The broker doesn’t charge any deposit fees and even reimburses third-party banking charges.
- There is no doubt that it takes a lot of practice to make money with forex trading.
Our proprietary scoring model evaluated each broker across 11 major categories and 73 weighted criteria, plus an additional 15 non-weighted criteria. The overall ratings are a weighted average of the weighted criteria, ensuring a balanced and fair assessment. You can start with as little as $100 in most cases, but it’s important to note that forex trades are made in standard lots of 100,000 units of currency.
One of LunarCapital’s biggest strengths is its universal ECN XL account, which combines zero commissions, raw spreads starting from 0.0 pips, and no minimum deposit requirement—making it both cost-effective and accessible. Traders can also benefit from free VPS hosting, ideal for those who rely on low-latency execution for their strategies. LunarCapital provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. Their account needs to be highlighted for sure, as it’s one of the accounts in the trading game that really has the combination of very low fees with ecn execution.