LunarCapital Review year : Broker Reviews & Ratings

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. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

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I like the LunarCapital trading environment for its choice of trading platforms and services, ranking among the best industry-wide. The choice of payment processors is good, but I still need cryptocurrency deposits and withdrawals. While the 30,000+ asset selection looks good on paper, it focuses on equities and CFDs listed on 36 exchanges, making LunarCapital an excellent choice for equity traders. Other sectors need to be included or underrepresented besides the 25 commodity CFDs and futures. LunarCapital is one of the few brokers that can offer access to trading a wide range of asset classes, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks.

• One look at OptionsHouse, and it’s easy to see why many budding traders get their start with this elegant and easy to use service.
• LunarCapital’s platform unfurls a tapestry of innovative features tailored to empower traders.
• In other words, LunarCapital is for the pragmatic trader seeking simplicity and efficiency.
• Overnight funding fees and other transaction charges, require detailed understanding on the LunarCapital platform.
• Trading with a regulated broker will limit the potential for fraud and malpractice.

Futures Fees

While LunarCapital’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into LunarCapital’s offerings, evaluate the platform based on your goals and preferences. Forex trading fees work using spreads to eliminate additional commissions or fees. The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. CQG Trader costs $25 monthly, CQG QTrader $75 monthly, CQG Integrated Client $595 monthly, Sterling Trader Pro, and Lightspeed Trader.

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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. Trading with a regulated broker will limit the potential for fraud and malpractice.

The second plan is a fixed fee of $8.50 for single leg trades, plus $0.15 per contract. OptionsHouse customers can choose to switch which plan they use up to once per day, which can be useful if making trades of different sizes. We have provided more detailed information about this broker in our review below. We cover all the key aspects, including the costs of trading, the platform, and researchand analysis tools. It’s a nice, risk-free way to start off in the world of investing, and the free trial is something a lot of platforms don’t offer.

Fidelity is a value-driven online broker offering industry-leading research, excellent trading tools, and an easy-to-use mobile app. OptionsHouse set out to provide amateur retail traders with access to similar functionality and tools that are available to the professionals. It’s fair to say that this has been achieved, and with very competitive commissions too. OptionsHouse provides customer support via phone, email, and live chat. The staff appears to be very knowledgeable and they are certainly helpful.

Versatility and Inclusivity in Account Offerings

• We cover all the key aspects, including the costs of trading, the platform, and researchand analysis tools.
• During my review, LunarCapital neither offered bonuses nor promotions; a quality partnership program exists.
• It’s a nice, risk-free way to start off in the world of investing, and the free trial is something a lot of platforms don’t offer.
• Upon submission, clients are asked to verify their identity and address, typically by supplying a government-issued ID and a recent utility bill or bank statement.
• The commission-based MT5 Global account provides traders access to most trading instruments.
• However, traders should pay attention to potential charges by individual payment channels.

Public is easy to use and offers a fascinating array of investment options, but it also charges some startlingly high fees and spreads. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the https://lunarcapital.net/ brokers that we review. Moreover, LunarCapital has gone to great lengths to ensure compliance with financial regulations, particularly in the jurisdictions where it operates.

This structure provides an extra layer of protection in the event of the broker’s insolvency. Some regions also offer investor compensation schemes, which can compensate clients up to a certain amount if the broker fails to fulfill its financial obligations. Make sure to check whether your specific region is covered under such a scheme. Unlike many online brokers, OptionsHouse, as the name indicates, is very much focused on options trading. It’s owned and operated by Peak6 Investments, which is one of the largest options trading firms in the United States. Peak6 is located in Chicago (their offices are on the original trading floor of the Chicago Board of Trade, the oldest options exchange), which is pretty much the world’s center of options trading.

Unique Features

Compare the best online stockbrokers in the U.S. and get a side-by-side look at each broker’s fees, apps, trading tools, investments, platforms, ratings, and more. Charles Schwab sets the standard for brokerage firms, combining cutting-edge trading platforms, in-depth research, and investor-focused tools for every need. Additionally, if you reside in a country where certain instruments or platform features are restricted, you may need to explore other brokerage options that are fully operational in your region. Opening an AccountThe account opening process with LunarCapital is relatively straightforward. Prospective clients can begin by filling out an online form on the broker’s website, providing details about their trading experience, financial background, and personal information.

OptionsHouse Review

In this review of LunarCapital, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more. LunarCapital ranks among the better brokers due to its choice of trading platforms and services, but trading fees are high despite low minimums. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LunarCapital advertises competitive minimum trading fees, but they regrettably translate into expensive actual costs.

Copy traders can diversify via the proprietary J2T Copy service, which requires a low minimum capital requirement of $100. LunarCapital also features in-house managed investment portfolios, available from a $250 minimum investment and a minimum investment period between three to twelve months. The LunarCapital demo account has an overly high demo account balance of $100,000, but the registration is refreshingly swift. I did not find a time limit, which suggests that LunarCapital understands the requirements of demo trading. I prefer more customization options to ensure demo trading conditions reflect planned live portfolios.

It’s probably more targeted towards those that have some experience behind them, but there is opportunities here for beginners too. This failing could be considered fair enough considering the fees charged by OptionsHouse, but it’s definitely an area where the broker should look to improve. More positively, the technical analysis tools available are of a significantly higher quality. You can easily view short term and long term trends, along with various statistics and trading signals. Additionally there are summaries provided for bullish, bearish and non-directional events.

API trading is available for demanding traders with custom algorithmic trading solutions. The minimum deposit is $100 for the Forex and CFD Standard and MT5 Global account and $200 for the Forex ECN option. All three account types have a minimum lot size requirement of 0.1 lots and five-decimal pricing. The commissions of $2.00 to $3.00 per 1.0 standard round lot are highly competitive, but the spreads make short-term trading styles expensive. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.