Is LunarCapital Broker a Scam? Forex broker reviews

As I wrote here two years ago, the LunarCapital broker is one of the best in the market. The only drawback is that it does not support Metatrader 5, which I hope this broker will support this platform as soon as possible. Unregulated brokers often pose serious risks—lack of oversight, no client fund protection, and minimal avenues for dispute resolution.

  • With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, LunarCapital provides traders with everything they need to succeed.
  • Despite these security measures, it is crucial to be aware of LunarCapital’s operational history.
  • That is, instead of auto-follow – a partition («fragmentation») of the total asset.
  • Spreads are surprisingly low – starting from 0.1, so the transactions are profitable.
  • It can be challenging and requires significant research and understanding of the LunarCapital trading tools and features.

How LunarCapital Trading Options Compare Against Other Brokers

When you submit a withdrawal request, LunarCapital will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like LunarCapital, you can enjoy peace of mind and focus on your trading activities.If LunarCapital violate any regulatory rules their regulated status could be stripped. Customer feedback regarding LunarCapital is mixed, with some traders praising the broker for its competitive spreads and efficient execution, while others have reported issues with withdrawals and customer support. Client deposits are kept in segregated accounts, separate from the broker’s operational funds, which is a standard practice among regulated brokers. Additionally, LunarCapital offers negative balance protection, ensuring that traders cannot lose more than their deposited amount.

You will be exposed to a high risk of loss regarding leverage and margin-based trading. The LunarCapital phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by LunarCapital and found that they could assist us in various languages. The LunarCapital team did resolve and answer our queries, but the email support from LunarCapital was overall average compared to other brokers we have tested. In addition, we tested LunarCapital support services in various countries and languages and found that LunarCapital were able to effectively resolve our customer issues. Explore the LunarCapital platform and train yourself to think systematically and logically about the markets.

The Trustpilot Experience

Watch for withdrawal delays or restrictions, especially if only crypto payments are accepted. Before starting active trading on LunarCapital, you will be able to practice on a demo account – a free (demo – that is, with a limited set of functionalities) account where you use virtual money and lose nothing. LunarCapital has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds. The reliability of the firm and the reputation of the Forex market is much enhanced by these steps. Live Averaged Spreads and Commissions of LunarCapital Trading Broker Accounts.

  • Positive commentators praise LunarCapital for its quality support and platform usability.
  • One of the primary concerns with LunarCapital Markets Ltd is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others.
  • Additionally, advanced order management tools give LunarCapital traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 LunarCapital trading platform.
  • Moreover, MetaTrader 4 has perfected its own programming language – MQL4, enabling traders to programme their own automated trading robots.

Help service

All user data are stored on the company’s virtual servers (VPS), and transactions go through secure 128-bit SSL protocols (GeoTrust certificate), to reduce the likelihood of theft. You deposit funds to a segregated (individual) account, which is placed separately from the broker’s accounts, therefore you do not risk your funds even in case of bankruptcy. There is no PAMM trading as it is, but you can invest your money in MAM. Accordingly, there is no autocopy of transactions of the manager’s accounts (the trader who conduct trades for you), an individual sub-account (slave) is set up for each user, which is located inside the MAM. The trader manages all the amounts at once, setting the corresponding lots. Moreover, it is possible to set a different amount for him/her as compared with others at the request of the investor.

Email Support at LunarCapital

After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises. Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

How LunarCapital Fees Compare Against Other Brokers

You should also contact your bank as soon as possible and let them know about your issue. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Withdrawing money from LunarCapital processing time varies depending on the method but averages 1-5 days. While we found the LunarCapital phone support satisfactory, there is room for improvement in response time. Our team tested the live chat support of LunarCapital and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

Stocks, currency and other commodities and instruments will be brought or sold by LunarCapital even if no buyer or seller is lined up. After extensive research over several years, we have compiled a list of the most effective LunarCapital alternatives available today. If you are unsatisfied with LunarCapital or want to explore other options, we recommend checking out our carefully curated list of highly-rated LunarCapital alternatives. Follow the links below to learn more about these LunarCapital broker alternatives and choose the one that best suits your trading needs. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results.

Fusion Markets

Verification can help ensure real people are writing the reviews you read on Trustpilot. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. For safer trading, choose brokers regulated by authorities such as ASIC, FCA, or CySEC with clear reputations and robust client protections. https://lunarcapital.space/ Before opening an account, consider learning what to check before signing up with a trading platform. These gaps make it harder to dismiss the idea that LunarCapital might be a fraud. LunarCapital operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC), which adds a layer of oversight and client protection.

If you encounter multiple red flags or unresolved complaints, it’s safer to avoid this broker. LunarCapital Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex news. To mitigate these risks, traders should ensure they fully understand the terms and conditions of their accounts and the potential implications of trading with an offshore broker.

Using Autochartist can save LunarCapital users time and makes the trading process more efficient. 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.

LunarCapital is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries LunarCapital covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. Depositing funds with LunarCapital ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if LunarCapital were to go out of business unexpectedly. All payments made to LunarCapital by traders are securely held in a segregated bank account.

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