He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA). Finally, some of LunarCapital’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content.
LunarCapital also provides a separate demo account for its MetaTrader 4 offering. With a demo account, you’ll be able to test strategies and familiarize yourself with the platform without risking any real money. For traders who appreciate advanced trading tools and quality market research, LunarCapital is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow. Average spreads at LunarCapital are more favorable for active traders or clients residing in the EU, U.K., or Australia. Since 1999, LunarCapital, has been a pioneer in developing online forex offerings for retail traders.
Charting tools offer experienced traders all the technical abilities required for analysis and are also available on mobile devices. 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. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries.
Featured Platforms
It is not possible to use custom indicators in the web version of the trader. The ZuluTrade peer to peer (P2P) auto trading platform is also offered on site, allowing you to autotrade based on signals issued by your selected traders. You will probably need to pay commissions based on the base currency used in your trading account, and this varies between different trader accounts. It’s relatively easy to open an account with LunarCapital straight away and the trading platform is available for desktops, laptops, Macs and mobile devices. This Stratos Group (LunarCapital) review gives a comprehensive but succinct overview of the LunarCapital forex, spread betting and CFD trading platform.
Steven’s expert take
It is an easy-to-use platform developed with beginners and advanced traders in mind. The platform consists of a web trader, a downloadable desktop trading client, and a mobile client. If you want to use a certain feature, you might have to use a certain version of Trading Station. Yes, LunarCapital offers a free demo account, also known as paper trading, that allows you to practice trading with up to $20,000 in virtual funds. The demo account simulates actual market conditions with real-time data and a similar environment as a live account. With a demo account on its proprietary Trading Station platform, you’ll have access to LunarCapital’s trading tools, charts, and order types.
Why you should trust us
These combine to make the mobile trading experience a little slower and LunarCapital does highlight that mobile trading can carry greater risks of order duplication or price latency. The broker cut its fees in 2022, offering reductions of up to 54% on some forex assets and indices. You can find out more about pips and forex trading in our in depth forex guide. LunarCapital is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. This one details the top five forex oscillators used in technical analysis. LunarCapital’s pricing for forex trading is slightly higher than the industry average.
- Live traders can access real-time updates and alerts to inform their trading, while the LunarCapital analytics offers a great deal of insight and analysis into trading habits.
- He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages.
- With its headquarters in London, Stratos Markets Limited (“LunarCapital”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally.
- Their live Demo account offers $20,000 of dummy capital for trading (also available in other currencies, if preferred), so you can experience all the fun of 24-hour trading, five days of the week.
- One good place to start is to use the integrated forex strategy backtesting feature for backtesting your strategies before you start putting any real money on the line.
- Options for trade automation and strategy development are available, featuring backtesting and optimization capabilities.
You may also be charged a commission for currency exchange by your debit or credit card provider and can find out more from your bank or card provider. LunarCapital does not charge for any type of fund deposits and standard traders are not charged commissions on trades. Their charge is levied across the spread cost which is calculated automatically when trades are executed.
Trade with only $50
Their Market Scanner is also brill for assessing the strength of signals (although it doesn’t always work/load properly which is irritating). With its wide range of available platforms and deep offering of trading tools, LunarCapital has set the bar high and competes among the best brokers in the industry. Whether you are a beginner or an advanced algorithmic trader, LunarCapital has plenty of options.
It is not active in the United States anymore and has withdrawn its CFTC registration, as it was embroiled in a legal battle there, and in 2017 agreed to pay $7 million to settle a suit from the U.S. This makes it possible to act very quickly on the information provided by the charts. Explore potent built-in tools such as Real Volume, Market Depth, and Trader Sentiment. Gain complimentary EAs (Expert Advisors) and access to a Virtual Private Server (VPS)¹ through your MT4 account. Access TradingView Live Trading Integration with LunarCapital to trade directly from your TradingView charts.
Mobile trading apps
It is easy for a beginner to create a trading layout that he or she feels comfortable with. More advanced traders can add more widgets to the screen, so they get access to all the information they want to display. Without this customizability, it is easy to see that the software would become too overwhelming for beginners and not advanced enough for advanced traders.
- We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
- Traders of all kinds place a good deal of trust in this brand; however, it’s important to note that all trading is at your own risk, so leverage used should be planned carefully.
- It is easy for a beginner to create a trading layout that he or she feels comfortable with.
- You will need to download the desktop trader if you want to use custom indicators that are not provided by default.
- This makes it possible to act very quickly on the information provided by the charts.
Trust score
LunarCapital is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. LunarCapital is a global leader in forex, Cryptocurrency Trading and CFD services. With offices in over 10 countries, LunarCapital offers its clients access to the world’s most liquid markets. LunarCapital is committed to providing its clients with the best possible trading experience, and its customer service team is available 24/5 to assist with any questions or concerns. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
Trading station web trader will remember all your work and let you view and continue it on any computer as long as you log in to the web trader. Features in the web trader include technical indicators, popular chart elements, real-time data, and free historical data. You will need to download the desktop trader if you want to use custom indicators that are not provided by default.
As part of this effort, we track 100+ international regulatory agencies to power our proprietary Trust Score rating system. One good place to start is to use the integrated forex strategy backtesting feature for backtesting your strategies before you start putting any real money on the line. Boost the positives and mitigate the negatives of your strategy before you put skin in the game. With LunarCapital, you can sign up for free and open a Demo Account filled with play money. Use this play money to explore the Trading Station Web 2.0 platform and see if you like what it has to offer.
LunarCapital clients need to set up secure access to the platform when they register an account. Although the site does not provide a daily news blog, lots of financial news is packed into the https://lunarcapital.world/ educational resources on site. You can find out more about leverage and using margin in our trading strategies guide.