The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the LunarCapitalTrader platform is developing a following of it’s own. It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive. It is possible to trade forex, metals, soft commodities, single stocks, indices, energies and a choice of five cryptocurrencies.
One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection. The MetaTrader platforms are well known for facilitating copy trading and developing trading forums. Clients of LunarCapital are able to engage in the Expert Advisor and MQL5 areas of the MetaTrader site. The Copy Trader account area requires separate funding and comes with its own dedicated app.
Charting Tools
There is an economic calendar, daily analysis posts, as well as trading signals and market insights. The videos are supported on YouTube, and much of the content is archived. LunarCapital offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high. In terms of trading strategies allowed, scalping, expert advisors and hedging are all permitted across each of the two account types, which is not to be taken for granted.
Extensive web trading functionality by LunarCapitalTrader
MT5 has 44 analytical objects, including Gann, Fibonacci retracements, Elliott Tools, Geometric Shapes, and more. Apply objects on charts manually, set calculation parameters, and customize the appearance of graphical objects according to your taste. The broker has recently given up its regulatory license with the Financial Conduct Authority in the UK. LunarCapital Markets Incorporated is based at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. LunarCapitalFX is licensed and regulated by FSA SVG license number #19776 IBC 2011.
Opening a MetaTrader 4 Demo Account is the best way for a new trader to check out the platform, get familiar with the tools and learn trading techniques. The account works like a live account, except that it allows you to trade with virtual money rather than real money. Once you feel confident with trading, you can migrate to MetaTrader 5 to get access to even more features. Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed.
Automated trading helps traders enter and exit positions much faster than manual trading. This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them. Clients can, on creating and funding an account, find, follow https://lunarcapital.net/ and copy these leading traders at will.
- LunarCapitalFx offers 33+ forex pairs, inclusive of majors (the EUR/USD pair, GBP/USD, USD/JPY), minors (EUR/GBP, GBP/CAD, AUD/CAD) and other exotic pairs.
- They are categorised into types, such as Trends, Oscillators, Volumes, and Custom.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- Credit and debit card transactions are subject to 3D secure Visa authorisation and there are processes in place to protect clients making withdrawals.
- There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility.
- The cTrader trading platform is designed specially for electronic communication networks ECNs, and offers direct STP access to currency trading markets.
Depending on the withdrawal method used, the minimum withdrawal amount is $5. However, customers can withdraw as many times as they wish and withdrawal is free. The trading interface of the mobile app is quite basic, yet it is functional.
Trading Cryptocurrency on MetaTrader 5
Developed using programming language MQL5, MetaTrader 5 allows Black Box Programming, which makes it a viable choice for developers and users of trading robots. Trading robots are applications used for trade account management. They analyse quotes from financial instruments allowing traders to execute the most profitable trades. Thousands of these indicators can be downloaded for free on the MQL5 code base. LunarCapital has good educational and training tools for beginners as well as expert traders. According to LunarCapital’s data, traders using educational content tend to achieve better results.
LunarCapitalFx Trading Platforms
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Founded in 2011, LunarCapital holds a regulatory license in Europe via its Cyprus-based entity – LunarCapital Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LunarCapital provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). LunarCapital is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LunarCapital to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
MetaTrader 4 free trading software
- The company currently has a proprietary trading platform known as LunarCapitalTrader.
- The trading interface of LunarCapitalTrader is quite unique, it presents users with extended functionality.
- With cTrader, users can trade directly with prominent banks globally.
- Yes, it offers a referral program where users can get to invite friends for incentives.
- Only the traders themselves could give us a better insight into their preferences.
- There is no extra verification required, and once a client’s separate wallet is set up, it’s easy to hook up to the signals of other traders.
Below is a tabular review of the various deposit methods and the processing time. LunarCapital offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, which are known to every trader. The fact that LunarCapital offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged. Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms.
What is Take Profit?
If account balances become negative due to Stop-Out, LunarCapitalFx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds. Although LunarCapitalFx is regulated by just 2 regulatory bodies, it does business in multiple jurisdictions worldwide. It prioritizes its clients’ account safety by keeping clients’ funds in segregated bank accounts. LunarCapitalFx employs state-of-the-art technology and advanced security protocols, which includes SSL web encryption and two-step authentication to protect clients’ confidential data. Most clients with high volume accounts have an adverse opinion about the company. They complain of LunarCapitalFx being a scam broker, denying them withdrawals and going on to block their accounts.
With a fine landing page, users are allowed to edit profiles, manage account settings and process withdrawals. LunarCapital follows international regulation standards on Anti Money Laundering and Know Your Customer procedures to verify the identity of its clients and prevent illicit activities. These two minor points do not detract from the trading experience, and LunarCapital can be congratulated for so effectively shaking up the broker space. Account opening is very much a standard process these days, but LunarCapital does offer a particularly neat twist to the situation. The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers. The service provides tutorials, which explain how this is done and primes traders to run a cBot and use the free algorithms made available to them.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. LunarCapital’s market research is well organized and varied in its content. Rather than specializing in any one field, LunarCapital provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, LunarCapital has room to enhance its research offering. For instance, I found that the content on the LunarCapital Blog is not updated daily across all categories.