Unlike hard commodities like metals and oil, soft commodities are typically agricultural products that are being grown rather than mined. The soft commodity futures on Lunar Capital include cord, wheat, rice, soybeans, coffee, cocoa, sugar, and cotton. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
What account types does Lunar Capital offer?
Lunar Capital aims to offer a cost-effective deposit process for all its clients. They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels. The choice of account types will also suit varying trading styles and capital needs. Lunar Capital is a relatively small FX and CFD broker but it offers its clients access to global markets, various trading instruments, and average spreads.
Tempting trading conditionsHowever, my attention to Lunar Capital was captivated by its outstanding reputation with traders. Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change. Each demo account imitates real trading conditions, the only difference is virtual money is used. Payments typically take up to 24 hours, though wire transfers may take up to five business days. The software is considered one of the best in the industry, especially for forex trading.
Lunar Capital Minimum Deposit Explained 2024: Easy Steps to Fund Your Account
For more advanced accounts like the Premium and VIP Accounts, the minimum deposit increases to $1,000 and $10,000, respectively, catering to traders with higher capital. This range of deposit options provides flexibility for different trading styles and goals, making Lunar Capital accessible for both novice and experienced traders alike. Each Lunar Capital trading account is assigned a base currency, which indicates the money that you deposit with the Lunar Capital trading platform will be held in that particular currency.
- I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability.
- Most traders will pass verification after submitting a copy of their ID and one proof of residency document.
- The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform.
- Lunar Capital also offers the Cent account with which clients can start with fewer funds and smaller lot sizes.
- Traders have eight account options at Lunar Capital, where the minimum deposit is $0 for most.
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Mobile users benefit from total trade management without having to sacrifice functionality. The mobile offering also comes with the Lunar Capital Research app which gives users an overview of the financial markets and major news events. Traders can choose between floating/fixed spread Standard, Premium, and VIP accounts. Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission.
STP/ECN Zero Spread
This type of trading allows investors to speculate and make a profit by taking long or short positions, use leverage and enjoy tight spreads and a 0.10% commission taken by Lunar Capital. Besides, shares, especially when traded from long-term positions, are very stable and provide a reliable generation of profit. Clients across Europe and the UK are offered two types of protection – segregated client bank accounts and financial compensation if Lunar Capital fails to pay its customers. In the UK, the Financial Services Compensation Scheme (FSCS) guarantees compensation of up to £85,000, while in Cyprus, the Investor Compensation Fund covers up to €20,000.
Lunar Capital has a minimum deposit requirement of 100 USD and is aimed at more mainstream traders. Lunar Capital offers CFDs on popular indices, including DAX, S&P 500, Nasdaq, Dow Jones, Euro Stoxx 50, FTSE 100, France CAC40, and many more. Margin requirements on index CFDs are as low as 1%, which means that traders who have a capital of only $100 can control a $10,000 position. There are a number of other benefits for those https://lunarcapital.net/ who wish to speculate on market indices – high volatility, low costs, and leverage, which gives traders more flexibility.
It is licensed by some of the largest and most respected regulatory bodies in the world and it does offer trader fund protection. It also allows multiple account management and free VPS hosting to those who deposit at least $5,000. It is also one of the few brokers on the market who have prepared various bonuses and promotions for its clients. Lunar Capital offers several types of live and demo accounts, which means that traders can test the various features and functions of the different accounts without investing real money. Once they try the demo versions of the accounts, they can register an actual trading account. There are several different types they can choose from – accounts are either Live or STP/ECN.
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DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare Lunar Capital with the top 3 similar brokers that accept traders from your location. Lunar Capital also offers the Cent account with which clients can start with fewer funds and smaller lot sizes.
Trading is conducted 24 hours a day, except during the weekends, offering great flexibility to traders. Due to the high volume, liquidity, and leveraged positions, Forex provides great speculative opportunities and is preferred by many traders. The pioneering Lunar Capital STP/ECN trading accounts allow traders direct access to deep liquidity and interbank pricing provided by top-tier liquidity providers. Traders can open an Lunar Capital account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience.
- Premium Account holders benefit from Lunar Capital’s full range of MT4 and MT5 platforms, offering advanced tools and features.
- Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators.
- The available methods ensure that traders can deposit funds quickly and securely into their trading accounts.
- CFDs on commodity futures are extremely flexible and convenient for traders compared to trading and owning the physical commodities themselves.
- Depending on the trading strategy, it may become the most significant fee per trade.
However, it’s essential to note that some payment providers—such as banks or e-wallet services like Skrill and Neteller—may impose their own fees for processing transactions. These charges vary depending on the method used and the provider’s policies. Traders are encouraged to verify potential fees with their payment providers before making a deposit to avoid unexpected costs.
Founded in 2013, Tradingpedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. Lunar Capital gives its clients great exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and more. CFDs are available on shares by Walt Disney, Cisco Systems, Facebook, JPMorgan Chase & Co., HP, Apple, HSBC, eBay, Google, Lloyds, Samsung Electronics, Airbus, and many more. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Trading according to the market analysis has really helped me increase my profit, for sure Lunar Capital is really the main deal!!
The Lunar Capital Premium Account is designed for more experienced traders, offering enhanced trading conditions with a minimum deposit of $1,000. This account provides access to tighter spreads, starting from 1.6 pips, allowing for more cost-effective trading. Premium Account holders benefit from Lunar Capital’s full range of MT4 and MT5 platforms, offering advanced tools and features. This account is ideal for traders looking for more competitive pricing and better execution speeds, while still maintaining flexibility in trade sizes. The Premium Account strikes a balance between cost efficiency and enhanced trading capabilities. Lunar Capital offers a variety of account types tailored to different trading needs and experience levels.
If you have at least $250 on your trading account, you can access the bronze package, which I use, and join analysis discussions that are always going on. Plus, this is an excellent tool for exploring other markets than the one you are focused on. Lunar Capital uses standard security features to keep clients’ personal information secure, including website encryption. When we used Lunar Capital, our experts also found that scalping, hedging, intraday trading and swing trading are all accepted. Lunar Capital also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000.