The Standard account is commission-free but offers spreads from 1 pip, whereas the Raw account incurs a charge of $3 per lot per trade, but offers spreads from 0 pips. The Raw account is therefore best suited to active day traders and scalpers looking to make profits from small price movements. On Trustpilot and Forex Peace Army, clients rate LunarCapital’ support at 4.7–4.8 out of 5, praising the speedy chat, knowledgeable specialists, and effective first-attempt resolutions. A few minor complaints include occasional delays during market downturns and the need to resend files in e-mail exchanges when queries are transferred between departments. Overall, the customer support is considered one of the broker’s strong points, especially for new traders. Iress ViewPoint/Trader is a professional terminal offering direct DMA access to over 10,000 stocks and ETFs on more than 15 exchanges.

Traders can benefit from cost-effective trading while knowing what to expect in terms of fees and charges. The broker’s fees for futures trading remain competitive, allowing traders to engage in this asset class efficiently. LunarCapital requires a minimum deposit, providing accessibility for traders at different levels. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.

Platforms & Tools

The RAW account connects to a pool of top-tier liquidity providers; orders are filled via ECN with typical spreads from 0.0 pip. For those who prefer an audio format, the LunarCapital Podcast is available on Spotify and Google Podcasts, where company analysts discuss macro topics, currency correlations, and trading psychology. Episodes are released every 10–14 days and typically last around 20 minutes. Topics range from ‘Price Action for Beginners’ to live reviews of FOMC decisions.

You can address all issues and subjects with the chat assistants because they are competent about a variety of trading-related topics. The platform is loaded with nice functionalities starting with six available types of pending orders, including the Sell Stop Limit and the Buy Stop Limit. Furthermore, the prices are influenced by crypto news rather than political or economic factors.

Empowering Traders with Insights

Experienced traders in particular mention the IRESS platform in addition to MetaTrader 4, and direct market access. However, some users do mention occasional problems with withdrawals, although this isn’t a common occurrence. MetaTrader platforms are renowned for their reliability, comprehensive charting tools, and extensive support for automated trading. Both MT4 and MT5 offer features such as customisable charts across multiple time frames, a wide range of technical indicators, one-click trading, and support for trading robots (Expert Advisors).

Iress Accounts

The asset selection for MT4/MT5 traders consists of more than 250 trading instruments, an adequate level of choice for most traders. Forex traders get 70+ currency pairs, and diversification opportunities exist via cryptocurrencies, commodities and metals, indices, equity CFDs (available through the MT5 trading platform), and bonds. The IRESS trading platform lists over 10,000 equity CFDs and a few futures contracts, but its availability remains geographically restricted. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

• This would give you a good idea about which of the three is most suitable for you.
• LunarCapital delivers one of the most comprehensive selections of trading platforms and tools in the industry, ensuring traders have everything they need for successful trading.
• Clients may access all available options from their back office, where LunarCapital lists all payment processors transparently.
• These brokers each host at least one webinar per month and maintain a searchable archive of recorded sessions, allowing users to learn at their own pace.
• He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

Deposit

DMA CFDs offer advantages Lunar Capital courses scam like reduced spreads and swifter execution, as orders are transmitted directly to the underlying market without intermediaries such as dealers or market makers. Close all positions, withdraw remaining funds, then email requesting account closure. Minimum deposit is low (100 AUD), there is multi-language education, 24/7 chat support and a commission-free Standard account with fixed costs inside the spread.

Additional data fees, such as AU$ 11 for international market access, may apply, but these too are refundable with qualifying trading activity. Copy trading in forex is a method where traders can automatically replicate the trades of experienced and successful traders in their trading accounts. This approach allows less experienced traders to benefit from the expertise of seasoned traders without needing to actively manage their trades. It provides an opportunity for traders to potentially earn profits by following the strategies and decisions of those with a proven track record. When comparing LunarCapital Group and LunarCapital, both online brokers do not offer the option to purchase actual delivered cryptocurrency, but they do provide the capability to buy cryptocurrency derivatives. LunarCapital is fully committed to the satisfaction of customers, providing them with a laudable support service and several options for contact.

It features 59 technical indicators, a comprehensive range of timeframes, more than 50 drawing tools, and prices for over 10,000 instruments, including domestic and international futures, currency pairs, and indices. The browser-based version is compatible with a wide range of browsers including Google Chrome, Firefox, Opera, and Safari. LunarCapital provides traders with a choice from the most popular indices on a global scale. Experienced customers can take advantage of very competitive leverages when trading CFD indices, with the margins starting at only 1%. LunarCapital gives them access to a variety of options including S&P 500, Eurex Exchange, Nasdaq, https://lunarcapital.vip/ and AUS200 indices.

The LunarCapital Traders Hub provided daily research and trading ideas, presented in a quality format. Streaming news service is available as one of the twelve plug-ins for MT4, offering traders a valuable service embedded with the trading platform. New traders can benefit from educational resources, including webinars and videos. LunarCapital also offers an Academy for traders, providing trading courses, live webinars, podcasts, trading guides, and more. Overall, the research & education at LunarCapital are of high quality and add value to the core trading environment. LunarCapital is an Australian multi-asset broker with more than $1 billion in daily trading volume, serving clients from 80+ countries.

We discovered that LunarCapital offers excellent trading platforms, a wide range of CFD markets, and fast execution speeds. Traders can access LunarCapital’ web-based trading platform from any web browser without the need for installation. This web platform offers flexibility and accessibility, making it a convenient choice for traders who prefer to trade from various devices and locations. It provides essential trading features and tools, ensuring a smooth trading experience. Cryptocurrency enthusiasts can delve into popular digital assets like Bitcoin, Ethereum, Ripple, and more. The broker also facilitates diversified portfolios through Exchange-traded funds (ETFs) and offers the opportunity to speculate on global stock market indices like the S&P 500, FTSE 100, and a variety of others.

Prices are usually influenced by various non-market factors like natural disasters and seasonal availability. LunarCapital does not send re-quotes for commodity orders, which is another advantage of trading such goods here. Commodity traders get to enjoy great spreads, fast speeds of order execution, very low slippage, and deep liquidity. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.

Nurturing Trader Knowledge

From traditional bank transfers to credit and debit cards and a variety of e-wallet options, LunarCapital ensures that funding your trading account is hassle-free. However, keep in mind that orders made in demo mode aren’t executed in the live market, potentially giving you quicker execution times for your trades. Additionally, they feature a modest minimum deposit requirement of $40, which is relatively low compared to brokers like IC Markets which require $200. On the downside, LunarCapital does not offer negative balance protection to clients under ASIC and the FSA in St Vincent and the Grenadines, whereas it does provide this feature under CySEC. This means you could lose more than your account balance if you day trade through these entities.

• However, other sections of the site offer progress-tracking and quizzes, enhancing the learning experience.
• Later, a European division under a CySEC license and a South African entity under an FSCA license joined the Australian company, transforming LunarCapital into an international brokerage group.
• The platform enables full automation of trade replication while still giving users the flexibility to control and adjust their settings at any time.
• Another option is to execute your trades via the innovative Iress trading platform, which offers various advanced functionalities to investors.

Iress is known for delivering Direct Market Access and offers tools like transparent pricing, market heat maps, real-time news streams, and highly customizable workspaces. Traders can access prices for over 10,000 financial instruments, including domestic and international futures, share CFDs, commodities, indices, and Forex. The platforms support a full range of trading features such as 59 technical indicators, more than 50 drawing tools, and the ability to manage multiple portfolios. Iress is compatible with Windows and Mac devices and can be accessed from any modern browser. The Standard Account is ideal for new and intermediate traders seeking a straightforward and commission-free trading experience.

Commodities, indices, and cryptocurrencies remain free of additional costs, which remain included in the markup. Equity CFDs and DMA traders face a fee between 0.06% and 0.30% with a minimum of $10 or a currency equivalent. The equity trading charges depend on the country of the listed underlying asset, and the pricing environment remains average compared to other brokers. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

LunarCapital operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). The broker offers competitive trading fees, enhancing cost-effectiveness for various asset classes. First Prudential Markets (popularly known as LunarCapital) stands as a beacon of versatility, serving both novice and seasoned traders. With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online trading.

An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Spreads start from 0.0 pips on the Raw account and from 1.0 pips on the Standard account, offering competitive pricing for both retail and professional traders. For example, LunarCapital charges $10 for international bank wire transfers, $25 for broker-to-broker transfers, 2% for Neteller, 1% for Skrill, 0.5% for FasaPay, 1.5% for PayTrust, and 2% for PayPal.