The account opening process at Lunar CapitalFX is simple and fully digital, and the account is ready for trading in no time. Account verification is only required for withdrawals. New traders should click on the “Open an account” button at the top of the page, after which they will be asked to create an account. Usually, these bonuses come with some terms and conditions, like a minimum deposit requirement and a specific percentage for the bonus. They may also have a maximum bonus limit based on your deposit amount. To get all the deets on the current bonus limits, it’s best to check out Lunar CapitalFX’s official website or reach out to their customer support.
Are here any fees or charges for making deposits at Lunar Capital?
Spreads start from 0.3 pips (CySEC) or 0.6 pips (SVG), and the account utilizes the MT5 platform, offering a 50% bonus for global clients under SVG regulation. Lunar CapitalFX provides a range of trading account types https://lunarcapital.vip/ tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers. The minimum deposit in Lunar Capital depends on your payment/deposit method. The most accessible option, cards (debit/credit), requires only a 3,237 KES ($25) minimum deposit to get started when using Visa cards. Mastercards require a minimum deposit of 6,980 KES (€50). Lunar Capital supports withdrawals to e-wallets and requires a minimum amount of 647 KES ($5).
Select a Payment Method
As standard practice, you will be required to submit your government ID and proof of address for verification. To calculate the required margin and pip value of a trade, use our Trading calculator. For over 13 years, we’ve been proud of delivering our fully-regulated award-winning service to you. Part of this is ensuring that you receive the profits you deserve in real money. Watch this video guide for instructions on how to use your deposit bonus.
- They cannot act as the counter party to your trades.
- But their SA entity is not approved as an ODP (their local entity have not applied for ODP licensing).
- A currency conversion fee or internal markup over market rates may apply each time a deposit is received in the non-base currency.
- The minimum withdrawal amount depends on the method you choose.
- The withdrawals are sent to SA bank accounts in few hours, so if you make the withdrawal request to your bank during business hours, it is normally received in the same day.
This means Lunar Capital adheres to South African regulations, providing a degree of security for your funds. Step 1) Sign in to your Lunar Capital dashboard through my.Lunar Capitalfx.com/login. Finally, don’t forget—we don’t have any hidden fees, don’t take commissions, and have 0% swaps. In fact, our excellence as a broker has been recognised worldwide. Bitcoin and cryptocurrencies can be traded on Lunar CapitalFx but not bought outrightly. With a rating of 4.4 out of 5 after 3.9K+ reviews, the company reputation speaks for itself regarding legitimacy concerns.
How do I withdraw from Lunar Capital in South Africa?
A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks. Stocks can only be traded on the MT5 account type though. The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time. For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques.
While account verification for deposits except for bank wires does not require account verification, only verified accounts may request withdrawals. Actually, I’m still new to the world of trading, and yes, I rarely hear about brokers that provide trading instruments and platforms. You must have known FBS and Exness which always appear in several advertisements on social media. As for the Lunar CapitalFx broker, I have never heard of this broker to be honest.
- With a fine landing page, users are allowed to edit profiles, manage account settings and process withdrawals.
- Visit Lunar Capital website or app and log in to your Personal Area.
- Use your demo account to test new trading strategies or learn how to use certain analytical tools without risking your balance, then use your real account to earn a profit.
- It’s all about verifying your identity and providing the required documents to ensure a safe and secure environment for everyone involved.
Lunar CapitalFx Fees & Commissions
It will also explore the investment safety measures provided by the broker. Lunar CapitalFX offers a unique feature with its bank wire deposits, which take only one to three hours versus three to ten business days at competitors. It makes Lunar CapitalFX one of the best brokers industry-wide in this regard. There are no internal deposit fees at Lunar CapitalFX, which is a secure broker, and traders can trust the deposit process. There are no Lunar CapitalFX deposit fees, meaning a trader making a $500 deposit into an Lunar CapitalFX trading account will receive $500 as equity to trade.
Overall, Lunar Capital is a good broker with many advantages. Not only offering low spreads and great trading conditions, but Lunar Capital also supports easy deposit and withdrawal. There are various funding options that you can choose from, including local banks and e-wallets for instant transactions.
Traders must choose their specific Lunar CapitalFX trading account if they have multiple accounts, their desired payment method, and their preferred deposit amount. Traders should enter their account details within the Lunar CapitalFX back office. Some payment processors redirect to their page and require a login and deposit confirmation, dependent on the payment processor. Done by clicking on “Notify Us After Transfer.” Confirming the deposit completes the process. Internal deposit processing times are instant for Skrill, Neteller, and Mastercard deposits.
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Lunar CapitalFx seems to pay concise attention to clients’ education. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course. Non-trading fees are charges incurred outside trading. They are fees necessary for trading, which users must pay before or during trading.
These are Lunar CapitalTrader, MetaTrader 5 and MetaTrader 4. Step 6) Select the account type with which you want to start trading and also select leverage, base currency, etc. If you consider their GBP/USD spreads for example, it is on average 1.1 pips with MT4 & MT5 accounts. Comparably, this is moderately higher than the overall fees charged by Raw spread brokers (we calculated spreads + commission). If you are trading FX, then their fees is moderately low, for if you are trading CFDs on indices, then their fees are high.
Apart from these two currencies, no other currency can raise funds. The minimum deposit in a trading broker is one of the conditions that help each broker to specify the portion of the deposit. In the case of many customers, the minimum deposit plays an important role. Ensuring minimum deposit usage before any client uses the broker for the first time. The minimum deposit does not have to be a higher three or four-digit amount so it is a much easier deposit.
In the first instance, traders cannot trust any broker so they first use a minimum deposit to check the broker. No trader directly wants to deposit $100 or more deposit. Of course, Lunar CapitalFX is useful for many potential clients. Considering so many aspects, one can understand how important minimum deposit plays in CFD and Forex trading. So in most Forex and CFD brokers, you look for these minimum deposit terms.
The broker offers forex as well as CFD trading on various instruments, including indices, metals, and cryptocurrencies across the popular MT4 and MT5 platforms. On top of that, Lunar Capital supports trading with affordable capital and some of the tightest spreads in the industry. All the services on the Tradersunion.com website are free for you to use. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker.
Lunar CapitalFX allows traders to use several transaction methods for transactions. It can be called a special opportunity and helpful for customers. But for the last few months, https://lunarcapital.net/ I have been facing issues with withdrawal. Tried calling customer support many times but didn’t get any satisfactory answer.