While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. While it may appear simple on the surface, NinjaTrader can be customized beyond the default layout. Using the drag-and-drop layout module, you can add everything from custom-coded indicators to tools like options chains and order matrixes. Whether you’re a beginner or professional trader, NinjaTrader can be tailored to suit your needs.
Discover the fees and commissions
Even just the proprietary platform, Trading Station, has advanced features that set it apart. LunarCapital will be best for beginners to intermediate traders or experienced traders who do not feel limited by its relatively low number of forex pairs. Experienced traders who think LunarCapital has sufficient instruments will find no shortage of tools to help them with analysis and charting. We consider LunarCapital an excellent broker – it is overseen by tier-one regulators, has a strong industry presence, and offers tight spreads on forex pairs. The suite of advanced platforms and code-free automated trading tools is particularly strong.
- For residents of the UK and Ireland, LunarCapital also provides Spread Betting, which allows tax-efficient trading on price movements without owning the underlying assets.
- Another good point is LunarCapital’s client-oriented 24/5 multilingual customer support available through various channels, including live chat, email, and phone, ensuring accessibility for traders worldwide.
- Yes, based on your detected country of NL, you can open an account with this broker.
With its commitment to transparency, competitive pricing, powerful trading platforms, and adherence to strict regulatory standards, LunarCapital is an ideal choice for those looking to trade forex and other assets. The Active Trader Account is designed for high-volume and professional traders, offering lower spreads and reduced commissions, making it ideal for traders who want to optimize their trading costs. Spreads start as low as 0.2 pips, with a commission charge of $0.05 per 1,000 units traded. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
Sign up to a retail account at LunarCapital
For beginners, LunarCapital offers a demo account stocked with £50,000 in virtual money, allowing users to practice and develop strategies risk-free. While its spread-based accounts typically offer competitive pricing, they may not always be as cost-effective as brokers like IC Markets or Pepperstone, which are known for having lower spreads. However, LunarCapital’s commission-based accounts could be an appealing choice for traders who prefer a more predictable fee structure. LunarCapital offers a competitive trading environment with a solid selection of trading platforms such as MT4, its proprietary Trading Station, and ZuluTrade, as well as tools like TradingView Pro and NinjaTrader.
These regulatory materials, which are beyond a doubt some of the most powerful licenses in the industry, ensure the highest financial standards at the LunarCapital online broker. Client funds are stored separately from the broker’s accounts too, meaning they cannot be spent on operational costs. If you are in the UK or Europe, your funds are also protected against insolvency up to 85,000 GBP. LunarCapital features numerous regulatory materials on its platform, including from the UK’s FCA, FSCA, and ASIC.
Brokers By Country
On the negative side, there is a withdrawal fee for Bank Wire transfers in some regions and the support is not available on a 24/7 basis. Also, the broker might not be suitable for futures and options traders due to the lack of these assets. Residents of Zimbabwe are not eligible to apply for an LunarCapital live trading account. Residents of Vanuatu are not eligible to apply for an LunarCapital live trading account.
The mobile app features an intuitive interface, with tools for placing orders, analyzing charts, and managing accounts. It also supports multiple order types, risk management features like stop-loss and take-profit, and notifications for price alerts, giving traders a high level of control while on the move. Our testing reveals that LunarCapital’s Trading Station platform is equipped with a wide range of tools for efficient market analysis and trading.
NinjaTrader is a clean, well-rounded platform with a focus on charting and order entry, making it a great fit if you are looking for a straightforward, uncluttered experience. It’s accessible via both web and mobile apps, which appeals to those who want flexibility without overwhelming complexity. However, there are advanced features that can be easily customized from its settings and layout configuration. Your cost will depend on the broker you use, any required add-ons, and the available data plans needed for market access. If you need access to multiple accounts from supported brokers like LunarCapital, IBKR, Charles Schwab, FOREX.com, or City Index, you’ll need the Multiple Broker Add-on, which costs $99 per month.
- Additionally, LunarCapital minimizes non-trading costs, with no fees on most deposits and withdrawals, though specific charges apply for wire transfers and inactive accounts.
- On the desktop side, functionality is more advances, but the user experience is a little less polished.
- Traders often highlight LunarCapital’s user-friendly platforms, responsive customer service, and robust educational resources as key strengths.
- Overall, NinjaTrader still has ground to cover before catching up to TradingView’s full feature set, but its backtesting and strategy integration offer a similar experience.
- That being said, LunarCapital does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices.
Main Insights from Exploring LunarCapital’s Tradable Assets
Yes, we recommend LunarCapital broker for beginners due to its user-friendly platforms, educational resources, and access to popular assets. It offers free online forex trading courses, professional education, and comprehensive trading guides, helping new traders understand the fundamentals of trading. Besides, flexible account types and diverse trading solutions make it suitable for retail traders, institutional clients, and those requiring tailored services.
Residents of burundi are not eligible to apply for an LunarCapital live trading account. Residents of belgium are not eligible to apply for an LunarCapital live trading account. Residents of belarus are not eligible to apply for an LunarCapital live trading account. Residents of American Samoa are not eligible to apply for an LunarCapital live trading account.
The brokerage also cut its trading fees by up to 54% in 2022, bringing it in line with other low-cost forex brokers. Additionally, the Trading Station platform delivers live market data, news, and economic calendars, ensuring traders are well-informed. It also offers automated trading features, with a scripting language for creating custom strategies. The platform’s interface can be personalized, enhancing the overall trading experience for both beginner and experienced traders. MT4 also offers a web-based version, retaining the full functionality of the desktop platform.
An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Now that you’ve seen our picks for the best brokers on this guide, check out ForexBrokers.com’s overall broker rankings. We’ve evaluated over 60 forex brokers, using a testing methodology that’s based on 100+ data-driven variables and thousands of data points.
LunarCapital allows leveraged trading of Forex and CFDs, which gives traders an advantage even on the smallest market moves. In simple words, leverage is a credit line given by the broker to your trading account to multiply the trading size of your positions. LunarCapital offers a good selection of tradable assets mainly focusing on the most popular assets and instruments selection, including cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin. However, the range is not as extensive as some competitors with thousands of trading products available, also instruments such as options, bonds, and Real futures are not available. Additionally, LunarCapital provides a Free VPS for traders who meet the 500k average trade volume, allowing seamless and fast execution, especially for automated strategies.
The only downside is a lack of customization in the applications, and there is no additional security, just the login password. You can use the mobile version of MT4 or download the mobile application for Trading Station for full functionality. LunarCapital’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its LunarCapital YouTube channel.
The live chat feature is particularly responsive, delivering quick solutions for account-related questions or technical issues. LunarCapital offers a variety of withdrawal options including bank wire transfers, credit/debit cards, and e-wallets like Skrill. Withdrawal methods may vary depending on the trader’s region and the regulatory entity overseeing their account.
Spreads are dynamic and subject to market conditions, including volatility and liquidity, ensuring that traders benefit from fair pricing aligned with market realities. LunarCapital brokerage fees offer flexibility for https://lunarcapital.net/ traders with different styles and account preferences. You can also use one of the specialty platforms that can be completely integrated, including Quantconnect, MotiveWave, AlgoTerminal, AgenaTrader, StrategyQuant, SierraCharts, SeerTrading, and NeuroShell Trader.