Forex Trading Currency Trading with STP Forex Broker

There is no doubt that it takes a lot of practice to make money with forex trading. In addition to choosing the right currency pair, constant training is essential in becoming a successful forex trader. If you have no special requirements or wishes, keep the standard account. The limit order enables the trader to set a price limit up to which currency pairs are bought or sold. This allows planning to trade certain price levels and avoid overpriced buying prices or selling prices that are too cheap. Most traders speculating on forex prices will not plan to take delivery of the currency itself; instead they make exchange rate predictions to take advantage of price movements in the market.

Tools

LunarCapital has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. LunarCapital has been operating since 2010 and stands out for its highly competitive trading fees and fast order execution. The broker offers around 100 CFD instruments, all accessible through the MetaTrader 5 platform. LunarCapital stands out with its unique ECN XL account, which blends features of both Classic and Raw accounts. In some cases—like with the EURUSD pair—spreads can drop to 0.0 pips, allowing traders to open positions with virtually no cost.

• The speed of transfers varies according to the payment method used.
• Swing trading is medium-term trading mode where traders hold their positions from two days to several weeks and they try to get maximum profit from a trend.
• When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

Currently LunarCapital offers its clients (XL and Standard account holders) 30 currency pairs including Spot Gold & Silver with plans to add more financial instruments in the future. I use LunarCapital for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated. The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different.

Demo Account

Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of ECN trading with LunarCapital. Practice your forex trading skills or test new strategies with zero investment. Execute trades, perform technical analysis, monitor your account activity, and access live market data all in real time and from the convenience of your web browser. Since I was the only person in the queue, an agent connected within a couple of seconds. I proceeded to ask a series of questions about LunarCapital’s general offering, customer support, margin policy, trading fees, and more, and received quick and satisfactory answers in all cases. LunarCapital offers only 98 CFD instruments across currency pairs, commodities, indices, https://lunarcapital.team/ and cryptocurrencies.

Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. LunarCapital’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. These combine well with LunarCapital’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month. The three chart types MT4 offers are far behind newer alternatives such as TradingView, and the 9 time frames from 1 minute to 1 month have also been surpassed by many other platforms.

How do I deposit money into a LunarCapital account?

This award, a reflection of independent endorsements by traders, underscores LunarCapital’s commitment to innovation and service excellence. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. LunarCapital has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds.

• As with any venture, there is always a risk of loss when trading Forex.
• Whether you are a novice or a seasoned professional, we are poised to assist you in your trading ambitions.
• We have not experienced any security concerns during our many hours using the trading platform.
• The difference between actual fill price and expected fill price is called slippage.

I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. The broker could improve its offering by including video content, such as periodic webinars and platform tutorials.

What Leverage Does LunarCapital Offer?

LunarCapital offers mobile trading apps compatible with both iOS and Android devices. These apps allow traders to manage their accounts and execute trades on the go with full access to MT4 and MT5`s features. LunarCapital operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. LunarCapital is committed to providing its users with educational resources through webinars, trading guides, and market analysis.

With the stop-loss order, the trader can minimize the loss in a trade if the price goes in opposite direction. The order is activated when the price of a currency pair reaches a certain price level. The trader can place a stop-loss while opening a trade or it can be placed even after opening the trade. Forex traders regularly speculate on rising or falling prices of a currency pair to realize profits.For example, the exchange rates for the EUR/USD pairshows the ratio value between the Euro and the US Dollar. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT5’s charting capabilities too rigid and less effective. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

–       Day trading

In position trading, traders follow long-term trends to realize the maximum potential from a price movement. With a no swap account, the broker does not charge rollover fee for holding any trading position overnight. Volume is the total amount of trading activity of a particular currency pair. Sometimes it’s also considered as the total number of contracts traded during the day.. Leverage allows the traders to trade bigger volumes than what the principle capital allows. Potential profits multiply, but the risks also increase significantly.

One of the standout benefits of LunarCapital is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time.

Traders #1 ChoiceECN XL Account

Forex trading does not occur in exchanges like commodities and stocks, rather it is an over-the-counter market where two parties trade directly through a broker. The four primary forex trading centers are New York, London, Sydney and Tokyo. There are three types of forex markets that include spot forex market, futures forex market and forward forex market.

Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. LunarCapital was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies.