Registration was easy, without unnecessary formalities, which was also pleasing.I funded my account and started trading – everything works steadily, without fail. I have already managed to withdraw the first profit, and the process went without delays. I would also like to note low spreads and swaps – it is noticeably more favorable than many other brokers I’ve encountered before. Plus there is a nice bonus, which was https://lunarcapital.vip/ an unexpected but very pleasant addition.So far my impressions are very positive.
Irrespective of the amount of leverage made available by any broker. It is the responsibility of forex traders to utilize leverage wisely with caution. The same token goes if the broker offers its traders a lesser leverage size. Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage.
Your method and strategy might be relatively high in terms of risk versus reward. Therefore, you’ll need more leverage and keep more margin in your account to execute and stay in your trades. The leverage you use on any forex trade will depend on the restrictions your broker allows you to apply and the level of risk versus reward you want to take on. Close to $5 trillion worth of currency gets exchanged each trading day. The proprietary Trading Station platform has intuitive functionality with easy-to-use dynamic charts.
Keep in mind that these are averages, so the spread may be higher or lower at any given point. There is no Zero or ECN account that charges a commission, so all account holders with LunarCapital are charged spreads. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS.
It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. Traders should establish clear trading rules and limits to prevent overexposure to risk.
Trade on Trading Station
Recall that price movements are measured in pips and LunarCapital reviews each pip move in a standard lot represents 10 units per trade. Take, for instance, Trader A in our earlier example is an aggressive trader. He purchased 5 standard lot of EurUsd with his $10,000 account size. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
LunarCapital provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. Still, I feel that LunarCapital could become a more attractive forex broker by expanding the range of tools it supports.
How to change maximum leverage at LunarCapital?
There are dozens of other tools as well, including automated strategies. To assist with these strategies, the platform includes equity and balance charts, trade histories, detailed performance summaries, and visual representations of the trades plus a strategy optimizer. Margin trading allows traders to increase their initial position size. But we must not forget that this is a double-edged sword, as it increases both profits and losses.
How to find the margin in MT4 terminal?
- The minimum deposit for debit/credit cards is $50, with a maximum of $10,000 per transaction or up to $20,000 per calendar month.
- The average spread for EUR/USD is 1.3, and users can view an updated list of average spreads on the “Spread Costs” page.
- Client deposits remain segregated from corporate funds at both entities with leading international banks, but LunarCapital does not list them.
Margin is like a security deposit that traders must maintain with their broker to cover potential losses on leveraged trades. It ensures that traders have enough funds to fulfill their obligations and cover any losses that may occur. 1 Equity is your account balance plus the floating profit/loss of your open positions. LunarCapital reserves the final right, in its sole discretion, to change your leverage settings. Clients using the MT4 platform with less than $10K equity will follow the maximum leverage described in the “Between $10,000 and $50,000” column.
On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. Here is a screenshot of the LunarCapital quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. It accepts all trading styles and Expert Advisors on the MetaTrader 4 platform. Once you take the leverage on offer from your broker, you must meet the obligation of this liability. Whether the transaction wins or loses, you must pay for the principal amount.
Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. Having tested hundreds of forex brokers, I feel that the LunarCapital’s education section is fairly average, with a decent range of materials available but nothing that stands out. LunarCapital adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money.
Opening an Account
I take advantage of broker’s competitive pricing and market execution to apply trading bots. Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already.
- Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday.
- Traded here for a while initially on demo, then traded couple of months on a live account.
- Clients using the MT4 platform with less than $10K equity will follow the maximum leverage described in the “Between $10,000 and $50,000” column.
- For over 10 years we consider our independence, absolute openness, and objectivity as our main priority.
- Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker.
However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites.
LunarCapital’s trading account is also available without a swap, upon request. Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs. Therefore, it is important to understand the pip value before entering a trade in order to evaluate up to which level a potential loss would be acceptable and where a Stop Loss order may be placed. In summary, a situation where a margin call might occur is due to use of excessive use of leverage, with inadequate capital, whilst holding on to losing trades for too long, when they should be closed.
Investors often use margin accounts when they want to invest in stocks or currencies, using money “borrowed” from a broker to control a large position starting with minimal capital. Leverage in forex simply means to take advantage of a certain amount of capital provided by a broker so as to utilize more trading volume to gain larger profit. The forex trader acquires a significant amount of capital from his broker (as debt) on initial margin requirement to maximize profit from relatively small changes in price movements. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty.
Of course, margin trading is a useful tool for those looking to trade Forex with limited start-up capital. When used correctly, leveraged trading promotes rapid profit growth and provides more room for portfolio diversification. The company lets clients use automated trading programs with which they can build various trading strategies. The most frequently occurring complaint is about slow funds withdrawal. That is why before you open an account with LunarCapital, you should check out client reviews. LunarCapital is a moderate-risk broker with the TU Overall Score of 6.74 out of 10.
