LunarCapital has claimed the domain name for LunarCapital.com for a long time, which suggests that the website is established and has a history of being in operation. This is a positive sign, as it indicates that the website has been around for a while and may have a reputation to maintain. In January 2018 it became known that the Cyprian subsidiary of the notorious forex and CFD broker LunarCapital would be renamed as Notesco Financial Services. In other words, the business was planned to be rebranded.
As it turned out, LunarCapital worked in China without licenses that allowed the company to provide access to the financial markets within the country. Experience of Chinese traders showed that people could and should fight for their money as well as honest and fair service. CySEC promised to provide a full report once the investigation was over and decide on measures regarding LunarCapital.
LunarCapital Reviews
The application also asks traders to select their account type, base currency, followed by the desired password for the back office. Some options depend on the geographic location and account type. Traders must ensure they execute risk management to avoid magnified losses.
Thus, the company has got a new name but problems remained the same, judging by clients’ feedback. Remarkably, the notorious broker is still described as the awarded world leader in the sphere of online trading. Allegedly, this group of companies corresponds to the international standards and is regulated by the FCA (the UK), the ASIC (Australia), the FSP (South Africa), and the CySEC (Cyprus). By the way, even before the problems with the Cyprus regulator occurred, LunarCapital started reducing its staff without paying salaries.
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It is time to forget about LunarCapital or, as it is now called, Notesco Financial Services. There is a great choice of trustworthy STP/ECN/DMA brokers that provide much better trading conditions, pay their clients, and offer high-quality services. LunarCapital is packed with a line of extremely needed utilities, such as analytical shows, the tool for managing a few accounts at the same time, trading signals, etc. It makes my trading experience much much easier. Standard account turned out to be my way of interacting with their platform, mt4.
LunarCapital Review – Pros & Cons Revealed
The trading platform had some issues, which https://lunarcapital.net/ made me lose a decent amount of money. And the customer service wasn’t very helpful either. But I must admit, the website is pretty user-friendly.Now, for the withdrawals. As I mentioned, I faced some problems with withdrawing my money. I was quite nervous as I had a substantial amount in my account.
LunarCapital is a market-making broker and the firm is using the bonus program as a way to attract more customers, providing more funds for margin trading. However, bonus-withdrawal conditions are strict – the client can only withdraw funds once a certain trading volume threshold is reached. Processing times depend on the geographic location and the payment processors, which LunarCapital lists as between one and ten business days. There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee.
The FAQ section answers the most common question, and live chat is available with fast response times for basic questions. The range of assets at LunarCapital exceeds 500+ trading instruments. LunarCapital notes the availability of 80+ currency pairs, making it an ideal Forex broker. Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs.
LunarCapital offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero. The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage. LunarCapital lists no expiry times, which is great, as all demo traders require unlimited access. While I recommend the Absolute Zero account for traders, the Demo Floating Spread offers the most realistic demo trading environment. The platform is intuitive, and the account setup process was smooth and quick.
THEY MANIPULATED MY TRADING STATEMENT – I HAVE PROOFS – THEY CANCELLED MY PROFITS
However, despite its reputation, there are countless LunarCapital complaints lodged by unsatisfied clients. In this blog post, we will delve deeper into the reasons behind these complaints, their consequences and how to avoid them. Received my withdrawal smoothly and without any issues. Which is impressive.Deposits are also instant and convenient.A trusted broker with fast trade executions.Spreads on some assets could use improvement but gold spreads are decent, though. Today I opened trading account with this company. I think there should be no problems with withdrawal of funds.
- I was led to believe my account was registered in the UK and therefore FCA protected.
- I am a long-term trader and I have been holding positions for up to 10 days at a time.
- Some traders from Russia also managed to obtain justice.
- Since opening account a few months ago, I finally managed to find my profitable strategy.
Furthermore, their educational resources are extensive, which is beneficial to both novice and experienced traders.Overall, I would highly recommend LunarCapital as a broker to any trader. Their commitment to customer satisfaction is evident in their platform and they have all the necessary features to assist with informed trading decisions. LunarCapital is a leading online forex broker and has dealt with past regulatory issues and LunarCapital complaints successfully.
If you ever have more insights or inquiries, feel free to share them with us. Most of all, as many people around there, I admire their accounts. If you are a scalper, then the best choice for you is apparently Absolute Zero account, where are no commissions and ultra narrow spreads. For positional traders, I would advise to look at Zero Fixed, or some other accounts with floating spreads.Everything is arranged here so harmonically. According to the allegations, LunarCapital has been denying withdrawal requests to over 150 accounts which the IBs brought onboard with the firm. The total amount of client funds mentioned in the claim is close to $1.25 million.
- CySEC promised to provide a full report once the investigation was over and decide on measures regarding LunarCapital.
- They offer a wide range of assets, excellent educational resources, and fast execution on trades.
- Traders can open an LunarCapital account via the online application form, which follows well-established industry standards.
- As such, it is highly advisable for traders to avoid LunarCapital and look for more reputable brokers in order to enjoy a safe and secure trading experience.
LunarCapital offers negative balance protection, meaning traders can never lose more than their deposits. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. The LunarCapital group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection.
LunarCapital might ask for additional information on a case-by-case basis. 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-free Absolute Zero account. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Gain trust and grow your business with customer reviews.
Firstly, let’s talk about customer service, deposit and withdraw processes – they aren’t the most efficient. Sometimes, when you use a credit card deposit, it takes hours for the transaction to go through. However, these problems are still acceptable if you’re not in a hurry.But the worst experience I’ve had with LunarCapital is with the most important part of all – trading itself. I’ve been trading on MT4 and found that the order price is entirely different from what’s shown on MT4 charts. This means that I usually end up with a 1-2 pips loss, which can add up to quite a lot if it keeps happening.