A Lunar Capital demo account allows for the simulation of real-world trading conditions without the use of actual funds. When you sign up for a Lunar Capital demo account, you will be given fictitious funds that can be used to practise trading financial instruments like stocks, Forex, crypto, commodities and more. Users who are new to the Lunar Capital platform will have their first introduction to the ever-changing world of the financial markets. Lunar Capital demo accounts give users the opportunity to test out a variety of different financial products and markets within a simulated trading setting. The most significant distinction is that you won’t run the risk of losing any money when using a Lunar Capital demo account, allowing you to explore and experiment without fear of financial repercussions. Lunar Capital has four account types, one being a dedicated cryptocurrency trading account.
- Using volatility, you may make or lose a lot of money very quickly; however, you also run the risk of losing everything on a single bad trade.
- Withdrawal fees depend on the payment processor, and Lunar Capital processes all requests within 24 hours.
- Users who are new to the Lunar Capital platform will have their first introduction to the ever-changing world of the financial markets.
- Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.
I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists, meaning traders can never lose more than their deposits. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Lunar Capital has two expensive, commission-free cost structures and one competitive, commission-based alternative.
Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and Lunar Capital account must match. Lunar Capital offers 24/7 customer support, and traders can reach out https://lunarcapital.net/ via e-mail, phone, Telegram, or live chat.
Account Types
The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. To qualify for the bonus, you must fund your real account within 5 days of earning a profit on your demo account.
- The most significant distinction is that you won’t run the risk of losing any money when using a Lunar Capital demo account, allowing you to explore and experiment without fear of financial repercussions.
- Lunar Capital demo accounts give users the opportunity to test out a variety of different financial products and markets within a simulated trading setting.
- Besides research from Autochartist, Lunar Capital publishes quality in-house research with actionable trading recommendations.
- Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
- Lunar Capital has two expensive, commission-free cost structures and one competitive, commission-based alternative.
Calculation of trading turnover
I like its focus on trading strategies, but I need critical educational material. Lunar Capital upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. Lunar Capital also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. Lunar Capital is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.
Lunar Capital demo Accounts don’t have the same level of anxiety that Lunar Capital live trading does
Lunar Capital also pays a bonus for traders who switch from another broker and if they want to transfer open positions. Both Lunar Capital demo and live trading accoutns on Lunar Capital have the same user-friendly and straightforward trading platform. A CFD trade is speculation on price movement using borrowed money from Lunar Capital, without owning the underlying asset. Using CFD leverage allows traders to trade at a greater amount than there deposit to Lunar Capital. But using leverage is only for experienced traders due to the high risk of loss.
FXPrimus Broker Demo Account
Lunar Capital offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that Lunar Capital understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. Lunar Capital demo accounts provide real-time quotes from all markets as well as a simulated Lunar Capital portfolio that can be used to practise trading under real-world conditions.
Price action, chart figures, support and resistance lines, and the correlations between different currency pairs are all able to be analysed using the Lunar Capital demo trading platform. Lunar Capital demo accounts are typically provided with $10,000 or $150,000 worth of virtual money that can be used to practise trading on the foreign exchange market. If you exhaust all your Lunar Capital demo trading funds, your Lunar Capital demo balance can often be reset by contacting Lunar Capital customer support. If you are interested in trading on the Forex, stock or cryptocurrency market using Lunar Capital, you should know that it is strongly recommended that you begin by opening a Lunar Capital demo account. Lunar Capital demo accounts, will allow traders to practise their international trading skills in a simulated but risk-free setting, often using live financial market data. Besides the volume-based cashback rebate and VIP programs, Lunar Capital features a promotion allowing traders to earn money, which they can transfer as a bonus to live trading accounts.
Lunar Capital Broker Demo Account
This proverb is correct, but in reality, putting it into practise trading on Lunar Capital, can often be extremely challenging. When it comes to trading, one of the most difficult tasks is not locating profitable entry points but rather determining when it is appropriate to exit a position in Lunar Capital. When the https://lunarcapital.vip/ psychological component comes into play, experience and a clear understanding of trends is a must on Lunar Capital.
I also like that Lunar Capital ensures traders operate from a trustworthy and secure trading environment. If the profit on the demo account is more than the amount that you are ready to deposit into your real trading account, you can discuss the bonus amount individually. Trading with a real Lunar Capital account enables one to gain a more concrete understanding of the necessity of maintaining discipline in order to effectively control risk when trading live markets with Lunar Capital. When using a Lunar Capital demo account, discipline may appear to be unnecessary, and the placement of stop losses may be interpreted as something that prevents you from making a profit on Lunar Capital.
I like the Lunar Capital trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure. The research section ranks among the best industry-wide, and Autochartist is also available. Lunar Capital presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, Lunar Capital became one of the most competitive Forex brokers.
Account verification is mandatory at Lunar Capital, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. Besides research from Autochartist, Lunar Capital publishes quality in-house research with actionable trading recommendations. I rate the well-structured Lunar Capital research section among the best in the industry in quality and quantity.
Comparing Lunar Capital Practice and Lunar Capital Live Trading Accounts
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
Lunar Capital explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. The most ignored trading costs are swap rates on leveraged overnight positions.
Traders also have a propensity to take more risks with Lunar Capital virtual currency than they would with real money, which can result in excessive spending on Lunar Capital or the loss of potential profits. You should be able to understand, through the use of the Lunar Capital demo account, that volatility is a double-edged sword. Using volatility, you may make or lose a lot of money very quickly; however, you also run the risk of losing everything on a single bad trade. You will be able to familiarise yourself with the behaviour of the various financial markets that Lunar Capital offers through the use of a Lunar Capital demo account. You will have the ability to set alerts on markets that you want to keep an eye on through the dashboard on Lunar Capital, which will allow you to react immediately to any price volatility that may occur.