If you need an LunarCapitalFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of LunarCapitalFX in the area. For those reasons, our team here at Investingoal is happy to recommend LunarCapitalFX as a top choice for scalping. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to LunarCapitalFX.
Deposit Fees
On another note, this system provides Master Traders with an avenue to potentially earn some extra income. Master Traders charge a commission to Copiers for providing the strategies. However, it is important to note that LunarCapital charges a 12% commission to Master Traders for this service. Copy trading is hands-off, meaning that traders have limited control over the trades being copied. While this is advantageous for passive investors, it may be frustrating for those who wish to have full control over their portfolios.
Is LunarCapitalFX a reliable broker?
Copy trading offers a hands-free approach for individuals who want to invest in financial markets but cannot dedicate time to market analysis. Those looking for a more passive investment approach can use copy trading to potentially generate returns without actively managing their investments. Copy Trading is a trading strategy that is becoming increasingly popular among investors. It allows traders to automatically replicate the moves of other investors in the market.
Again the platform is available on all mediums and a webtrader is offered. MetaTrader is further renowned as one of the most comprehensive platforms in this area. You can further benefit from one click trading, the ability to order directly from charts, and regular price alerts.
Copiers are free to choose the Master Trader that they want to copy and earn passive income from the https://lunarcapital.team/ profitable trades. Even so, Copiers still have full control over their funds and they can stop the subscription whenever they like. LunarCapitalFX is a well-known brokerage offering a wide range of services for traders globally, including its innovative Copy Trading feature. This service allows traders to copy the strategies of experienced investors, making it an excellent tool for both novice traders and those who prefer a more hands-off approach to investing.
Similar apps
To determine the credibility of a broker, we always prioritise its regulatory standing and then check the reviews of traders online. On regulations, this broker operates under the supervision of the FSCA in South Africa, and the MISA in Mwali. While regulations alone are not enough, it is good to see that the broker holds licenses from various organisations. LunarCapitalFX does not charge additional fees for using the copy trading service.
How to Get Started with LunarCapitalFX Copy Trading
For example, if a signal provider invests $1000 in a particular trade and you have allocated $500, your copy trade will be half the size of the signal provider’s. Don’t miss out on the opportunity to enhance your trading experience with LunarCapitalFX’s Copy Trading. Sign up today, start copying successful traders, and potentially maximize your earnings with minimal effort.
This makes it crucial to select a provider with a proven track record and a strategy that aligns with your financial goals. Once funds are allocated, all future trades made by the signal provider are automatically copied to your account in real-time. There is no need for manual intervention, as the system ensures that the trade sizes, stop losses, and take profits are mirrored. This comprehensive guide will provide a thorough overview of LunarCapitalFX copy trading, how it works, its benefits and drawbacks, and how to get started. But for the last few months, I have been facing issues with withdrawal. Tried calling customer support many times but didn’t get any satisfactory answer.
This service is offered worldwide, regardless of whether it is required by the regulators or not. Added to that the fact they do only offer a limited range of base currencies and not many deposit or withdrawal methods and you can see the limitations of this otherwise popular broker choice. Remember that forex and CFDs available at LunarCapital are leveraged products and can result in the loss of your entire capital.Please ensure you fully understand the risks involved.
Finally, choose between a Standard or Custom account, then finalize the process. Setting up an account takes just a few minutes and allows access to either a Standard or Custom trading environment. It also provides for detailed analysis with market reports and more to offer. This bonus is also withdrawable though you must meet certain terms and conditions set by the broker.
One thing I really appreciate about LunarCapitalFX is that they don’t hit you with those overnight charges. You can trust that you’re getting the most up-to-date information for your trades. And they give you this free Autochartist report if you’re on a silver account like mine. So, like, I’ve tried out loads of brokers, and let me tell you, LunarCapitalFX is like, legit the bomb, you know? I’ve been trading with them for almost two years now, and they’ve been, like, the real deal.
Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading. This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or a “Master Trader” where LunarCapital scam others will copy you and you will earn a commission. Experienced traders can leverage the platform by becoming Master Traders, earning additional income through commissions. The more successful they are and the more copiers they attract, the higher their potential earnings. InvestingRobots.com is a website dedicated to reviewing investing robots.
- Due to that, we highly recommend LunarCapitalFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified.
- You can monitor the trades in real-time and track their performance through the LunarCapitalFX dashboard.
- LunarCapitalFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages.
- When you are ready to invest, tap Set Up Copying at the top of the screen.
You have no control over the specific trades they make, so if you don’t agree with a trade, you can only wait for the system to replicate it or stop copying the trader altogether. Access “Join Copy Trading,” select a master trader, click “Set Up Copying,” and configure trade settings. It includes risk score, gain, profit and loss, number of copiers, commission, order history, and other information to help you make an informed decision. When you are ready to invest, tap Set Up Copying at the top of the screen. It was also discovered that nearly 50 per cent of user funds were diverted from the LunarCapitalFX platform to mule payout accounts. LunarCapitalFX offers 277 assets, including 50+ forex pairs, 150+ stock CFDs, 34 cryptocurrencies, commodities (gold, oil), and indices.
If they make poor decisions or incur significant losses, your account will also be affected. This creates a reliance on the trader’s skill and strategy, which may not always guarantee positive results. Your account balance will grow or decrease based on the success of the trader you are copying. If the trader makes a profitable trade, you’ll share in those profits, proportionate to your investment. Conversely, if the trader incurs a loss, it will be reflected in your account as well. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment.
- You can use LunarCapitalFX’s filters to refine your search based on performance metrics and other criteria.
- During the June 13 raids, the federal agency seized various incriminating documents and digital devices that showed how the platform duped investors.
- The account base currency is that which you trade in with the broker.
- Once you’ve set up everything, the system will automatically replicate the trader’s moves.
LunarCapitalFX Mobile Platform
You can set up copying in equal, double, or triple volume or you can specify the preferred copy proportion manually. Yes, LunarCapital Trader is LunarCapitalFX’s in-house platform featuring real-time AI analysis tools like Space and LunarCapital Vision. It offers intuitive UX, TradingView charts, and one-touch trading from charts.
LunarCapitalFX supports credit/debit cards, bank transfers, e-wallets (Skrill, Neteller), and cryptocurrencies like Bitcoin, Ethereum, and Tether. LunarCapitalFX offers access to 277 tradable instruments across five asset classes, from the Forex market to digital assets. During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4. In addition to the markets offered, as an LunarCapitalFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location.
Traders who use the LunarCapitalFX copy trading feature to earn passive income, must pay fee to master traders (ranging between 0% to 50%) to copy their strategies. Yes, through the LunarCapital Copy app, users can replicate the trades of experienced Master Traders. You can track performance metrics, manage multiple traders, and withdraw profits anytime.