You should consider whether you can afford to take the high risk of losing your money. The online brokerage firm Lunar Capital.com requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform. Reduce your costs with low spreads and even lower swap fees and commissions. If you are interested in trading with a cent account, we recommend considering brokers that do offer this option.

Is Lunar Capital regulated in Kenya?

Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor. No, there are no fees or charges for making deposits at Lunar Capital Group. However, fees may still be applied by the payment systems used.

  • The minimum deposit is $5 (R91) but for both sub-divisions.
  • We have highlighted the popular payment systems and noted those supported by Lunar Capital Group, along with the typical time required for transaction processing on the system’s side.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
  • Both platforms are well-known, intuitive, and easy to understand, and have been around for many years.
  • They want to make sure that everything is in order and that there are no issues or potential risks when it comes to processing your withdrawal.

Several years ago, South African traders were not able to use their national currency for trading with Lunar Capital. Instead, they would have to pay for the conversion fees to deposit in USD. Since South African traders make up one of the largest nationalities of Lunar Capital traders, the broker decided to introduce ZAR as a new base currency. Lunar Capital stands out https://lunarcapital.vip/ by offering no deposit or withdrawal fees, simplifying fund management for traders. However, inactivity fees apply after 12 months, and currency conversion fees are charged for non-base currency transactions.

No matter the platform you choose for your trades, you can be sure that you will enjoy great market exposure. Here is how Lunar Capital’s minimum deposit compares with select brokers in South Africa. The minimum deposit is $5 (R91) but for both sub-divisions. Here is how Lunar Capital’s minimum deposit compares with select brokers in Kenya. The minimum deposit is $5 (Ksh660) but for both sub-divisions. Once the transaction is processed, the recipient can collect the funds at another Western Union location near them.

Lunar Capital offers numerous base currency options including USD, EUR, GBP, JPY, AUD, RUB, HUF, and PLN. Furthermore, in 2015, the broker has introduced a new opportunity for the traders residing in South Africa and Singapore – they can now choose ZAR and SGD as their base currencies. Therefore, you will not need to worry about currency conversions all the time. Lunar Capital minimum deposit in ZAR is around 72 rands, or equivalent to 5 US dollars. It is the same for the three most popular account types of the broker – Micro, Standard, and Ultra-low trading account types. The Lunar Capital Micro ZAR account is the most budget-friendly account since it calculates trades in micro-lots instead of the standard ones.

For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free. A popular global broker with a large customer base and a good reputation, Lunar Capital is a good choice for both beginners and more experienced traders.

Lunar Capital Deposit Methods vs. Similar Brokers

Proof of ID may be verified by providing an official national identity card, passport, or driver license. Images can be uploaded for verification and response times are very quick. The Lunar Capital management has visited over 120 cities around the world to connect with their clients and partners in order to interact with them on a face to face basis.

That is a terrific deal because you get your own virtual private server. Although fees are required on trading, the spreads given by one of the top zero spread accounts here are incomparable, starting at 0 pips. Traders in Australia and operating inside the Lunar Capital Global Market regulatory framework can open an Lunar Capital Low spread account. This account has extra-low forex spreads and no commissions to deal with. Like the other types of accounts, ultra-low accounts also do not have a deposit fee, making it more beneficial.

Apart from the Lunar Capital Forex broker minimum deposit low requirement, the account type also offers trading in micro-lots instead of the standard lots. The next cheap option is a Standard account which closely resembles the Micro account but operates in standard lots. Lunar Capital minimum deposit does not involve any fees or commissions.

Lunar Capital offers five live accounts, which is more than any other broker, and has relatively average trading fees. All Lunar Capital accounts, except the stock accounts, have a minimum deposit of 5 USD, making them accessible to beginners. No commission is charged for Forex trading on three of the five accounts, and traders will find spreads between 0.8 pips and 1.7 pips (EUR/USD), depending on the account. The article below will cover Lunar Capital trading minimum deposit requirements across all four trading accounts at Lunar Capital with the different base currencies. We will also discuss the reasons why a broker chooses certain requirements for a specific account type and will advise if it is worth it to go for accounts with higher deposit requirements. Lunar Capital covers all transfer fees and does not include hidden fees or fees for deposits and withdrawals.

Want to Practice Trading for Free?

Depending on your regulatory jurisdiction, you may be able to access alternative account types and minimum deposits that are far larger than the one we just discussed. No, Lunar Capital doesn’t currently accept PayPal as a deposit method. However, they provide additional payment options, including credit/debit cards, bank transfers, and https://lunarcapital.team/ e-wallets. The Lunar Capital minimum deposit requirement is $5 or a currency equivalent. This is applicable for all Lunar Capital account types, except for the Shares account offered by Lunar Capital Global, which has a $10,000 minimum deposit requirement.

Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. Lunar Capital bonus amounts and Lunar Capital deposit bonuses are available though not to those regulated under CySEC/ESMA.

  • Trading individual stocks at Lunar Capital is available with competitive to average stock fees.
  • This account type has highly competitive spread of as low as 0.8 for EUR/USD.
  • Images can be uploaded for verification and response times are very quick.
  • If the stockbroker allows you to fund your account using a credit card, this is a possibility.

What Can I Trade With Lunar Capital?

For most Forex currency pairs, the minimum spread is as low as 0, when you choose the Lunar Capital Zero Account. This account charges commissions based on the lot size that you trade. When you choose wire bank transfer as your payment option, you’re essentially transferring funds directly from your bank account to your Lunar Capital trading account. It’s like sending money from one bank to another, but in this case, it’s for your trading adventures.

While Lunar Capital Ultra-low ZAR account is the most convenient account for South African Forex traders who are seeking ultra-tight spreads on Forex currency pairs. On the Lunar Capital Ultra-low account, which has the same Lunar Capital global minimum deposit requirement, average spreads on Forex assets start at 0.6 pips. Lunar Capital offers a range of features that cater to traders of all levels, from low minimum deposits of just $5 to a variety of account types designed to suit different trading styles. The platform’s no deposit or withdrawal fees and competitive spreads enhance its appeal, especially for beginners and those seeking low-cost trading options.

For example, credit card transactions can incur an average fee of 1-3% from the provider. If the broker does not separately compensate for this amount, you should be prepared for these additional costs. This means that you can trade using micro lots, equivalent to 1,000 units of the base currency, which is the same as trading with a 0.01 lot size. 4) You can transfer funds between trading accounts that belong to you.

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Lunar Capital PayPal deposits are now unavailable but are expected to be available soon. These will be determined by the nation where the individual lives rather than the regulatory authority. If the broker has to implement or cancel an order on your behalf, it will be charged a commission for the same. If your broker is not able to execute a market order, there won’t be a fee charged from you.