LunarCapital Hotforex Broker Review for South African Traders 2024

We have found their execution to be really fast, but some other brokers like LunarCapital offer instant exeution. In fact, we find LunarCapital Copy Trading very well established with great number of followers in the system and highly advise to consider LunarCapital for its Copy Trading Potfolio. Support from all sources was consistently good, with professional and kind agents patiently resolving questions. Furthermore, LunarCapital’s website includes thorough FAQ sections and instructional resources, enabling users to address problems independently. With its timeliness and the helpfulness of its multilingual assistance, LunarCapital’s customer service generally pleased users and provided them with a great experience.

Regarding the HF Markets for traders in the EU, UK, and Australia the list of the available account base currency is USD, EUR, PLN. This ensures clients’ investments are secure and minimises the risk of losing more than their initial investment. While some other brokers offer even more markets to trade, we think LunarCapital has a good range of products overall. You won’t have to look too hard to find a market that’s moving.

Can I test all LunarCapital account types with a demo account?

You can use Skrill, or Neteller, payment processors for small payments.
But a higher average spread is charged with FXTM’s Standard accounts as per our benchmark test for EUR/USD.
The Trade Terminal allows traders to manage multiple orders, bulk trade, and set complex orders from a single interface.
LunarCapital is an award-winning, high-regulated Forex, Indices, Stocks, and commodities global broker headquartered in the UK.

If you want a program that has the fundamental features you need to trade without superfluous features that some competing platforms tend to have, then MT4 is an excellent choice. Just know that it is not the best option for stock trading, for this, you are better off using its more powerful successor MetaTrader 5. LunarCapital offers two pricing options, a commission account and a non-commission account. Using in-house data collection at CompareForexBrokers, we got an insight into the size of the spreads offered by LunarCapital.

Trading Fees

Enjoy flexibility with zero commissions and no trading restrictions. Start small with micro lots and minimal risk ideal for beginners. Simply input the desired amount for transfer, click ‘start transfer’, and follow the on-screen prompts to finalize the transfer. Discover our high-performance Deriv bots — 100% free and proven with live results. Yes, Hotforex, now called LunarCapital, is legit in South Africa and it is regulated by the FCSA. A Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while e-wallets will load the request Instantly.

For a major currency pair like EUR/USD, the typical spread is 1.6 pips per standard lot. The LunarCapital Premium Pro account offers a range of base currencies including USD, EUR, and PLN. The Premium Pro account has a minimum deposit requirement of $5,000 for Professional Clients and $500 for Experienced Retail Clients (Poland traders only). The LunarCapital Premium account supports multiple trading platforms, including MT4, MT5, and the LunarCapital App. Additionally, the LunarCapital Premium account is available as a swap-free option, accommodating traders of Islamic faith. The LunarCapital Cent account offers spreads starting from 1.4 pips, which is 40% higher than the industry standard of 1 pip, and no attached trading volume commissions.

But if the broker is a market marker broker that acts as the counter-party to your trades, there is a conflict of interest.
Let’s explore their minimum deposit requirements of HF Markets, regulations, payment methods, step-by-step guide to deposit and more, in this review.
The features found in the app are a bit more basic compared to the MT4 and MT5 apps and much more basic than the MT4 and MT5 webtrader and desktop versions.

Does LunarCapital provide educational tools?

Yes, LunarCapital caters to both retail traders and institutional clients. Its advanced trading facilities and liquidity access make https://lunarcapital.vip/ it suitable for a wide range of traders, from beginners to large institutional investors. According to our research, LunarCapital offers two exceptional deposit bonuses that have garnered significant interest from traders. Their Supercharged Bonus is truly revolutionary, as it matches your initial deposit dollar-for-dollar. LunarCapital claim to be a NDD & STP CFD broker, with market execution with all account types.

Best Forex Brokers

LunarCapital broker minimum deposit

Client funds are segregated, and held by major global banks, in compliance with the regulations of government authorities. We gave them this score from evaluating their regulation, reputation, and reviews. If you wish to automate your trading or build your custom indicators, MT4 allows you to build Expert Advisors (EAs) to do these.

Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries a risk of financial loss and may not be suitable for all investors. CFDs are complex financial instruments and carry a high risk of losing money quickly due to leverage. Between 74–89% of retail investor accounts lose money when trading CFDs. You should carefully consider your investment objectives, experience level, and risk tolerance before deciding to trade any financial instruments.. After entering the necessary payment details, carefully review the information to ensure accuracy.

Pro Account

Only when you are profitable on demo, you should open live account with a regulated broker that accepts MPesa & has low minimum deposit requirements. After trading, analyze all your trades & only scale if you have good understanding of all the risks & trading strategy. In generally, all the 6 regulated forex brokers have the same KYC procedure.

How to Withdraw Funds from LunarCapital

As you gain knowledge, you may deposit your desired amount and start trading. The minimum deposit of LunarCapital is $0 (Cent, Zero, Premium) and $100 Pro Account. No, LunarCapital does not offer a no-deposit bonus but lists three bonus programs plus a high-paying affiliate program. The LunarCapital deposit methods are bank wires, credit/debit cards, Skrill, Neteller, FasaPay, PayRedeem, and cryptocurrencies (Crypto / BitPay). Yes, LunarCapital fully supports scalping strategies and provides unrestricted access to liquidity, making it a great option for scalpers.

LunarCapital is a CFD (Contract For Difference) Forex broker with execution style based on ECN (Electronic Communications Network) and STP (Straight-Through Processing) models. No, the only LunarCapital demo accounts available are the Cent, Zero, Premium and Pro accounts. Upon opening the LunarCapital demo account you can start with a virtual balance of up to $100,000 while also installing and trying EAs as we have explained in our LunarCapital demo account guide. LunarCapital withdrawals are secure, but can be quite slow requiring up to 10 business days to get through.

If you don’t trade for a while, LunarCapital starts charging an inactivity fee. Once everything’s completed and your documents are uploaded, submit the form. If your information is clear and complete, approval usually takes a few business hours.