Below is a tabular review of the various deposit methods and the processing time. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. LunarCapital Markets Ltd is the brand’s international entity based in Mwali, and it provides limited regulatory protection, as the Mwali International Services Authority (MISA) is not known to be an efficient regulator of forex brokers.

Commodities

Use our country selector tool to view available brokers in your country. He is a forex industry expert and an active fintech and crypto researcher. Coming to leveraged overnight holdings, the broker charges no swaps. In fees, in their offer, in general, I don’t think somebody will be dissatisfied. The LunarCapitalFX 50% deposit bonus can be used to increase free margin and open higher-volume positions.

LunarCapitalFX Trust Scores

When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information. Both platforms are available on desktop, web and mobile devices, ensuring seamless trading across various operating systems. They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

LunarCapitalTrader Account:

LunarCapital Markets Ltd. holds an International Brokerage and Clearing House Licence, further enhancing its credibility. Additionally, LunarCapitalFX is registered with the Financial Services Authority (FSA) of St Vincent and the https://lunarcapital.space/ Grenadines, offering a robust multi-jurisdictional regulatory framework. 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).

What Platforms and Applications does LunarCapitalFX Forex broker offer?

LunarCapitalFX is a financial broker with more than 40 million accounts opened on it. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. A total of ₹2,681 crore worth assets, including 19 immovable properties and a luxury yacht in Spain owned by Prozorov, have been attached by the ED in this case till now.

• A portion of these funds were parked in cryptocurrency wallets controlled by Pavel Prozorov.
• Bonuses of 10%, 20% or 50% can be claimed on each deposit with LunarCapitalFx but there are even bigger bonuses available during holidays and other limited-time events.
• We will review some of the trading tools offered on the mobile trading app below.
• Unauthorized payment aggregators facilitated the collection and outward movement of funds into shell companies posing as e-commerce platforms, effectively masking the true nature of the transactions.
• However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016.

• LunarCapital also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
• It’s worth noting that LunarCapital’s primary execution venue is one of its own entities in St. Lucia.
• They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
• According to a support representative from LunarCapitalFX broker, this broker does not charge any swap fees for holding trades.

You have no real account to deposit

Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD. Commodities like Gold and Silver are on the other hand, tradable on spot for a minimum spread of 1.9 pips and 2.0 pips respectively. The probe revealed that LunarCapitalFX collected investor funds via UPI and local bank transfers, which were routed through dummy Indian entities and individuals’ accounts, layered across multiple mule accounts. Unauthorized payment aggregators facilitated the collection and outward movement of funds into shell companies posing as e-commerce platforms, effectively masking the true nature of the transactions.

He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Founded in 2011, LunarCapital (formerly LunarCapitalFX) is part of a group of global entities, which include LunarCapital Markets LTD (based in the island of Mwali) and LunarCapital Markets Cyprus Ltd (based in Cyprus). LunarCapital also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, LunarCapital also has an entity regulated in Mauritius, through Uni Fin Invest . Minimum deposits at LunarCapital will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).

LunarCapitalFX Broker Summary

I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. With a fine landing page, users are allowed to edit profiles, manage account settings and process withdrawals.

Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. LunarCapital offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LunarCapital wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed. However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience. The trading interface of LunarCapitalTrader is quite unique, it presents users with extended functionality.

The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” “LunarCapitalFX presented itself as an online forex trading platform for currency, commodities and crypto trading without RBI permission. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

LunarCapital (formerly LunarCapitalFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, LunarCapitalFx has a Copy Trading app developed differently from the mobile app.