Clients can also view their trading history using the desktop trading platforms to assess their past performance and review their trading strategies to make necessary amendments. Both desktop trading platforms are really easy to use thanks to their well-designed interface. The features are intuitive, and different parts of the apps are grouped together on a single dashboard. Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
More exotic precious metals such as platinum and palladium are not available. We end this section on fees by looking at incidental transaction fees, occurring through non-trading processes. The average round trip cost of trading the benchmark EUR/USD Forex currency pair is 0.8 pips. This process is backed by rigorous testing and research, conducted by a team of traders and industry experts.
Deposit and Withdrawal
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Yes, based on your detected country of DE, you can open an account with this broker. Trade247 currently does not offer a chatbot for automated queries, Telegram support, or region-specific phone numbers outside of the UAE.
Essentially there are far more positive reviews about the broker on Reddit than those denouncing the company for specific reasons. The broker processes all payments within 24 hours, excluding bank transfers. Depending on your bank’s jurisdiction, it can take between 3 to 5 business days for wire transfers to reach your account. Clients can make deposits using a variety of payment methods, including debit cards, credit cards, electronic wallets (Skrill, Neteller), bank transfers, and other local payment methods. The mobile trading platform has numerous language options, just like the desktop version. The app supports 14 languages, enabling you to select your preferred one.
Assets & Markets
After reading this review, we believe you can certainly make an informed decision as to whether or not you should sign up with LunarCapital. We strongly suggest you complete your homework before proceeding with it. A client from Kenya even reviewed its rating from 1 to 5 stars on FPA after getting his dispute resolved with the broker. Anyhow, the company holds a rating of 3.092 out of 5 stars after 669 reviews. While some clients believe the company is legitimate, others denounce it for withholding clients’ funds and unjustified account closures.
Platforms & Tools
Order types, charting tools, and timeframes all scale cleanly across asset classes. Trade247 does not publish exact spreads for all instruments, but the EUR/USD spread starts from 0.2 pips. For metals and crypto assets, spreads are described as “competitive,” though the exact figures may vary. No, Trade247 does not offer proprietary apps, copy/social trading features, or pre-loaded plugins like Autochartist or Trading Central. However, MT5 provides a comprehensive suite of tools, and users can add additional tools or rely on the MT5 ecosystem.
- The broker allows you to trade 13+ indices, such as AUS200, EU50, US500, etc.
- Although it took a few hours to get a response, the reply I received was detailed, with step-by-step instructions that made the process easy to follow.
- Whether you’re a beginner or an experienced trader, LunarCapital Group offers a range of account types to suit your needs and preferences.
- LunarCapital introduces a new and exciting element to the trading world – Forex contests.
I trade forex pairs and stocks, and frankly the costs stemming from my trades are minimal thanks to the low spreads from the broker.Regarding the customer support, they are trully attentive and fast to reply. This broker makes it a must to make sure that their clients are happy and they provide appealing services, an easy E for effort alone. It’s also easy to use and operate, everything works efficiently and effectively. Given a minimal initial commitment of just $5, LunarCapital appeals especially to beginners. Through MetaTrader 4 and 5, the platform offers easy-to-use interfaces; additional exceptionally well-designed and performed educational tools like webinars and market analysis round out this aspect.
Each year, we collect thousands of data points and publish tens of thousands of words of research. It’s not ideal for complete beginners yet because there’s no education, and the $100 deposit might turn casual traders away. But for traders who already know the ropes and want a no-nonsense place to get trades done? Currently, Trade247 does not provide live educational resources such as webinars, a trading academy, or structured tutorials. While blogs and webinars are on their roadmap, these features are not yet available. While the exact minimum deposit isn’t stated, the Standard account is designed for entry-level traders, implying a relatively low starting point.
All trading operations are available, and the only notable difference is that the MT4/MT5 WebTrader does not support EAs or the build-in copy-trading function, which rank among the best features. The MT4/MT5 WebTrader suits manual traders who seek a lightweight trading platform and traders who frequently trade from different locations and devices. For the best trading experience, there is no substitute for the MT4/MT5 desktop trading platforms. LunarCapital charges an account inactivity fee of $10 per month after 90 days. LunarCapital charges no additional fees on deposits or withdrawals except where an amount of less than $200 is moved by wire transfer. The broker’s extensive range of over 1,250 CFD products, including forex, stocks, commodities, and indices, caters to a broad spectrum of traders.
- Both platforms are available in desktop, mobile (iOS and Android), and WebTrader versions, allowing trades to be executed from anywhere.
- Depending on your tastes, you can also change the app’s theme colour to light or dark mode.
- Eligibility and specific conditions can vary, so it’s crucial to consult LunarCapital’s official website or support team for the exact details.
- They have hosted more than 100 seminars to educate traders, enabling them to make better trading decisions.
- The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices.
It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. For more experienced traders, the Zero accounts offer commission-based trading with lower spreads. LunarCapital stands out for its commitment to trader education, offering free webinars, research materials, and analysis tools to support informed trading decisions. The broker’s extensive educational resources are particularly beneficial for those looking to enhance their trading knowledge and skills.
Given the lack of commissions, the average costs remain within a reasonable range. Like all Forex / CFD brokerages regulated in member states of the European Union like Cyprus, all clients of LunarCapital enjoy negative balance protection. This means that it is impossible for any client to lose more than the amount they have deposited with LunarCapital. The “tail risk” of an extremely large and sudden market movement, amplified by any leverage used, is borne fully by LunarCapital under this European Union regulation. For beginners, the Micro Account at LunarCapital is ideal for managing smaller trades with lower risk. Experienced traders may prefer the LunarCapital Zero Account for its lower spreads and cost efficiency.
What is Trade247’s trading platform?
The broker is interested in the trader’s experience and skills in online trading. In the “Title” line, you should indicate the client’s title depending on the gender – Mr. or Ms. In the account information, you immediately specify the suitable trading platform and type of account. Signing up with LunarCapital broker involves filling up the registration form and completing the KYC process. You can find the step by step process https://lunarcapital.net/ of how to open an account with LunarCapital in this review. However, you need to request the broker to convert your conventional trading account to a swap-free account after signing up since swap-free accounts are not available as a standalone product. In conclusion, we addressed the most frequently asked questions (FAQs) to help clients know more about the broker.
What could improve with Trade247’s deposit and withdrawal options?
The Pro account offers tighter spreads and access to Direct Market Execution (DMA) for more active or experienced traders. We like the fact that LunarCapital does not charge any fees or commissions on withdrawals across payment methods. The only exception to this is with Wire transfers less than $200 which incurs a $15 charge. However, even then, many other brokers would charge a fee of up to $25 for all wire withdrawals.
There is a minimum deposit of $5 USD (or equivalent) across the various account types and $10,000 USD (only) deposit for the Shares accounts. There is a very high degree of risk involved in trading securities. 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 offers instant, or same-day, withdrawals with no fees for verified and connected accounts. Withdrawals via bank wire, credit, or debit card usually take 2-5 business days.
While offering access to the same markets as other accounts, the swap-free account adjusts fees to ensure fairness without charging interest. On the one hand, fact that this company has been around for about 15 years is impressive. But on the other hand, I know several brokers that have been operating for much longer. Nevertheless, it seems to me that over these 15 years since 2009, company built excellent reputation. As for my experience, it is most likely the same as most of the clients of this company. I am happy with the way services work and consider this broker a good option.
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