With Three Unauthorized Trades in Accounts, Investor Accuses LunarCapital of Being the ‘Worst Broker’

Trading Centrals Alpha Generation Indicators can help LunarCapital traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing LunarCapital traders to potentially stay one step ahead. You can start using the MetaTrader 4 platform with LunarCapital in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. LunarCapital allows traders to trade on mobile devices through Android and iOS devices like the iPhone. LunarCapital may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients.

• These actions are clear signs of fraudulent activity, and no investor should entrust their funds to a broker with such a track record.
• While 🇨🇾LunarCapital’s bespoke MT4 remains the most popular option, clients can also use the web-based MT4 Webtrader, manage accounts with PMAM, run trades through VPS hosting, or follow top traders with TradeCopier.
• So take the time to research LunarCapital thoroughly and make the most of your online investing experience.
• Despite past controversies, these regulatory measures aim to offer a secure trading environment and reaffirms LunarCapital’s commitment to compliance and transparency.

Which LunarCapital account is best for new traders?

With robust encryption, strict internal policies, and proactive client education, LunarCapital ensures a secure trading environment. Users are encouraged to follow recommended security steps and report any suspicious activities without delay. Only the Zero Spread and Live Zero Fixed Spread accounts apply commissions. These accounts offer zero pip spreads under normal conditions but include a per-lot commission. Other accounts like Standard, Premium, and Absolute Zero are commission-free.

• With the ECN and STP execution methods offered by the platform, traders using LunarCapital can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.
• After logging into your LunarCapital account, you’ll find a range of trading platform options available below.
• Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature.
• New clients can access welcome deposit bonuses upon opening and funding their accounts.
• Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget.

What types of bonuses does LunarCapital offer?

In this case, the broker has failed to provide clear details on its actual operations, licenses, or adherence to industry standards, leading to widespread suspicion and distrust from traders. Moreover, the company has faced accusations of using fake positive reviews. On forums and specialized websites, fake reviews have been found, allegedly left by non-existent clients to attract new traders. This confirms that the company uses manipulative methods to create the illusion of success in its operations. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

We tested their live chat feature through their app and website and received a response within 6 minutes, an acceptable response time. The support team was helpful and provided us with the necessary information. Stop-loss orders are especially important for LunarCapital traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an LunarCapital trader should use a stop-loss order can vary depending on the specific trade and market conditions. The effect of leverage on profits and losses magnifies them in both directions.

LunarCapital Review: Is it a Scam or a Legit Forex Broker?

However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing LunarCapital terms and conditions to understand the commission fees and any other charges that may apply is essential. A minimum deposit is the minimum amount of money required by https://lunarcapital.space/ LunarCapital to open a new online brokerage account with them. LunarCapital requires a minimum deposit of 100 GBP/USD/EUR when opening an LunarCapital trading account.

Insights from Real Traders

You should take the security of your personal information seriously and check SSL encryption is enabled on the LunarCapital trading platform to protect you on PC and mobile LunarCapital platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using LunarCapital web trading platforms. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget. Visiting many broker websites, all of which have different language uses.

📱 Technology, Platform & Tools

The LunarCapital partnership suite delivers more than just commissions. It offers scalable, customizable tools for IBs, Affiliates, and White Labels looking to turn trading traffic into a full-fledged income stream. This is an ideal opportunity for anyone aiming to grow within a globally respected brokerage.

How LunarCapital Trading Options Compare Against Other Brokers

Thus, the trader’s account ended up with only $500 initial principal, and all previously earned profits were gone. One specific case involved a customer (Ms L) who was allegedly told by LunarCapital UK that her account would be regulated by the UK Financial Conduct Authority (FCA). A few of you have already discussed this in another thread concerning brokers in Muntilpe jurisdiction and determining which jurisdiction your account will be in. I know that some people (including several who post in the “Going Offshore” thread started by @Clint ) think “less regulation” is the answer to that problem. From what I remember, majority of their clients never received any of their funds; LunarCapital just walked away without facing any consequences. Lastly, if your broker is continually in the news, it is time to take note and to consider making a switch.

Not long after, a 0.01 lot of EUR/USD order appeared, with no price offered and “PnL Correction” noted. As a result of this order, $421.26 was deducted from the balance. I think that’s a really bad thing, and that it isn’t in the customers’ interests at all. This is what happens, worldwide and reliably, with financial-service industries.

One of the most important aspects when choosing a broker is its legal status and the presence of licenses issued by official regulators. Please note that Comparebrokers.co may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Can I manage multiple LunarCapital accounts?

After a complete review, we strongly advise against trading with LunarCapital. The firm is not licensed; moreover, it provides deliberately false information about its regulation. Its business model is inherently weak, including excessive-risk leverage and non-competitive spreads. It does not hold up reputations, and its flagship products, CFDs, are designed so that clients will not be successful.

Compared to brokers regulated in the U.S., LunarCapital lacks relevant licensing for American clients. Internationally, it is comparable to many brokers in terms of features but may differ in customer support and transparency. Potential risks include regulatory limitations, withdrawal delays, customer service issues, and the inherent volatility of forex and CFD trading. Since LunarCapital is not licensed by U.S. regulators, engaging with this broker within the United States can pose legal risks, including potential violations of federal law. It is essential to understand that U.S. regulations require brokers to be registered with the CFTC and to adhere to strict compliance standards—something LunarCapital does not currently hold.