Further, the broker also offers trading in CFDs on cryptocurrencies like Bitcoin, Ripple (XRP), Bitcoin Cash, Litecoin, and Ethereum, against both USD and AUD. Traders should always trade with a regulated broker but ensure that the trading environment remains competitive. Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC) – a tier 1 regulator, First Prudential Markets PTY LTD. LunarCapital operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). However, there is always room for growth, particularly in expanding educational content and refining some features for a more comprehensive experience.
Other trading platforms
Requirements vary by region, but generally include a minimum balance or recent trading activity. Steven Hatzakis has been reviewing forex brokers for nearly ten years and has 25+ years of experience as a forex trader. His broker reviews are unbiased and independent, and his expertise is sought after for global FX conferences and speaking events around the world. One of the advantages of Forex trading is its high liquidity, allowing traders to enter and exit positions with ease. Additionally, the ability to trade on leverage can amplify profits, but it also increases the potential for losses. Effective risk management is essential to protect capital and ensure long-term profitability.
LunarCapital commissions and fees summary
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- Here is a screenshot after launching the LunarCapital MT4 trading platform following installation, without modifications.
- Despite the availability, the screen size and absence of multi-screen support make complex analytics impossible to conduct.
It is more suitable for traders who need access to a diverse range of assets, including stocks and commodities. They come with full-featured charting capabilities, support for automated trading via Expert Advisors (EAs), and a wide availability among brokers worldwide. Beginner traders have access to quality educational content, in-house research, services provided by Trading Central, copy trading, and retail account management. Besides the build-in MT4 copy trading functionality, LunarCapital partnered with Myfxbook Autotrade, also available from within the MT4 trading platform. The most recent expansion includes a proprietary copy trading service, LunarCapital Copy Trading.
“review from old client”
LunarCapital’ lightning-fast execution speeds ensure minimal slippage, making it particularly appealing for scalpers and high-frequency traders. Our extensive testing and review of LunarCapital reveal it as a top choice for forex and CFD traders seeking a robust trading environment with competitive fees. Our experience and the data show that LunarCapital stands out in the industry, especially for those looking to trade a wide variety of instruments. Forex accounts can be opened with a minimum deposit of AUD 100, or the equivalent in another currency. LunarCapital offers one commission-free trading account, but trading costs are higher there than in its commission-based alternative. Active traders get rebates, lowering subscription fees or eliminating them.
ASIC is well regarded across the world and they are very diligent when it comes to their monitoring and supervision of those under their regulationi. They deal out hefty sanctions for those companies that are not complying with their standards. They are regulated by the Australian Investments and Securities Commission (ASIC).
This guide explains what CFDs are, how they work, their advantages and risks, and, most importantly, what to look for when selecting the best CFD brokers. Contracts for Difference, or CFDs, are likely among the most popular financial instruments as they allow traders to take flexible access to global markets with the use of leverage. CFDs permit speculation in the price movements of assets such as stocks, indices, commodities, Forex, and cryptocurrencies without actually holding the underlying asset. Such flexibility, coupled with the facility of trading on margin, makes CFDs attractive to both retail and professional traders. Since mobile apps cater more to portfolio management, up-to-date developments, and copy trading, they offer the necessary tools to achieve the above. They include economic calendars, streaming news, and watch lists but do not include the cutting-edge trading tools LunarCapital offers for its desktop trading platforms.
Account funding at LunarCapital
- Some brokers charge inactivity fees when your account is not used for a predefined amount of time, say, six or twelve months.
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Look for brokers that have good reviews, past history of ethical conduct, and transparent policies in place. Make sure the broker has a demo account where you can test the trading without using real money. Customer support is very important for any account problems, technical issues, or trading questions.
This is especially useful when you https://lunarcapital.net/ want the system to operate 24/5 without relying on your home internet or your computer staying on. I’ve personally set up MT4 on a VPS, and once you’re logged in, it’s just a matter of installing your trading software, adding any expert advisors (EAs), and configuring your charts. From there, your platform can run continuously even when your local computer is off.
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If you’re far from your broker’s servers, a VPS hosted near their infrastructure can reduce delays in order execution. This can make a real difference for high-frequency or scalping strategies that rely on precision and speed. Where a forex VPS can become a pivotal tool is with algorithmic trading. I’ve used one myself for this reason, and the uninterrupted connection was critical for consistency. Whether used independently or via a broker promotion, BeeksFX is one of the most established forex VPS options and one of the few providers that is publicly listed.
Enhancing mobile app functionality and adding more advanced features could also benefit users on the go. Furthermore, more options for deposit and withdrawal methods would improve overall accessibility. Moneta Markets provides access to a wide range of CFDs, including Forex pairs, indices, commodities, and shares. The proprietary WebTrader platform, the AppTrader mobile app, and CopyTrader app for social trading are standout features, offering an intuitive design and integrated tools for charting and trade management. Additionally, traders have the option to use MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for more advanced features.
Its proprietary platform may lack some advanced features for professional traders. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
It does offer traders to complete the first step via a Google or Facebook account. The application grants access to a clean back-office, from where traders can manage all their trading accounts and financial transactions. Account verification remains mandatory but a swift process at LunarCapital.
