Singaporean traders who deposit or withdraw funds in a currency different from their account’s base currency are subject to LunarCapital fees for currency conversion. This is of utmost importance, especially to Singapore traders, as they commonly deal with SGD and other major worldwide currencies. Nevertheless, it is essential to note that banks or payment service providers may charge additional fees when transacting in currencies other than SGD. As such, traders should exercise caution and remain vigilant about potential costs. These low spreads are especially advantageous for Singaporean traders who engage in high-volume or frequent trading, where cost minimization is critical. LunarCapital updates its market offers regularly to guarantee Singaporean traders have access to current and relevant trading possibilities.
Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tool smartly. Yes, Traders from Singapore can access the VIX 75 via the LunarCapital platform. Their access to exceedingly low spreads beginning at 0.14 pips makes this a highly attractive trading option. Yes, LunarCapital provides swap-free Islamic accounts that adhere to Sharia law, addressing the needs of Muslim traders in Singapore. However, traders are urged to seek professional financial advice before making investment decisions.
Possibility to have MT4 and MT5 accounts simultaneously
This account allows Singaporeans to trade in micro-lots, allowing them to trade with lesser capital risk. This personalized touch is critical in a market like Singapore, where detailed understanding and regional support can considerably improve the affiliate experience. For those who are trading with LunarCapital, you should contact CS for a direct payment to your bank to cut the wire or ewallet (Skrill, Neteller) fees.
I recommend live chat should traders require assistance for non-urgent matters and phone support for emergencies. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Similar trading conditions can be found with the LunarCapital pro account, where the cost per trade starts from $6, but by charging spreads from 0,6 pips (which are 40% lower than the industry standard of 1 pip). Top Up account grants access to all LunarCapital trading instruments and provides a minimum trade size of 0.01 lot. Premium Pro account provides access to all LunarCapital trading instruments with a minimum trade size of 0.01 lot.
LunarCapital offers a diverse range of account types to suit various trading needs. With Cent, Zero, Pro, Pro Plus, and Premium Accounts, traders can benefit from flexible deposit requirements, competitive spreads, and high leverage. Each account type provides access to robust trading platforms and a swap-free option, ensuring a tailored trading experience. I like the trading environment at LunarCapital for both beginner and advanced traders. High leverage, generous bonuses, a loyalty program, and interest on free margin complement cutting-edge trading tools and ensure LunarCapital clients have a notable edge in financial markets.
What is the LunarCapital trading platform?
Overall, we have found LunarCapital’s account types to be very good with features like Naira account & Negative balance protection. For new Nigerian traders, we recommend to start Premium account as you will get really low spread with it & can even get welcome bonus. LunarCapital is a well regulated broker (regulated by Top-tier regulators FCA, CySEC, FSCA), so we consider it very safe to deposit funds & trade with them for traders in Nigeria. They serve both retail as well as Profession traders, offering more than 1000+ asset choices including forex trading, and CFDs on commodities, energies, metals, popular stocks, and indices. Individuals and institutions can trade Forex, Indices, and Commodities using a variety of accounts, trading software, and trading tools offered by the platform.
Can Singaporean traders choose their fund manager in LunarCapital’s PAMM program?
- The account provides a clear commission-based structure, and the commissions begin at a minimum of $0.03.
- LunarCapital is a trusted and global brokerage firm for online Forex and CFD trading established in 2010, and since then it has garnered a trustworthy reputation in the industry, making it a popular choice globally.
- Yes, Traders from Singapore can access the VIX 75 via the LunarCapital platform.
- With over a decade of experience, strong regulatory compliance, and a solid track record of awards and client satisfaction, LunarCapital offers traders a secure, dynamic environment for financial success.
Finally, LunarCapital’s involvement in corporate social responsibility displays a commitment to global and https://lunarcapital.net/ community welfare, which resonates with Singaporean traders’ beliefs. Been using them along with aaafx as my current broker, both are well regulated and so far, I haven’t faced any issues with them. Overall, LunarCapital is the #2 Forex broker in Nigeria according to our reviews.
How long does the verification process take?
- In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
- HF Markets offers Cent, Zero, Pro, Pro Plus, and Premium accounts, each catering to different experience levels.
- The How-To videos explain essential functions of the myHF back office and the MT4/MT5 trading platforms.
- Cent Accounts enable traders to open positions with smaller capital, making them perfect for beginners or those who want to trade with lower risk.
I figured out this advantage after using wire transfer for fund withdrawal. Before we worry about it in my opinion, traders worry more about the trades done tbh, most of the problems starts with bad trading decisions which might lead to bigger problems. Im pretty sure we are still protected, not that i needed it anytime soon anyway. But any broker regulated by multiple regulation is protected in one way or another. But take it with a grain of salt, i have to admit i am no expert here. My trading career comprised of trading with Hotforex since 2019 start and it is almost one year now.
Deposit and Withdrawal Fees
He illustrated that when filling out the registration form, accurate details must be provided because one of the HF Markets representatives will put a call through to verify the user’s identity. This process is very important to the company because of the regulatory authorities. There are some conditions set for traders on the HF Markets trading platform. However, the broker offers a broad set of educational materials or tools that are meant to teach a newbie trader on the platform. With this, a beginner trader can gradually grow into an intermediate level and expert level, depending on the speed of learning. The traders’ training course includes a set of eBooks and tutorial videos.
Furthermore, LunarCapital offers various marketing resources and materials to its partners. These include promotional banners, informative content, and personalized marketing aids to facilitate affiliates acquiring and maintaining a diverse clientele base. The “Demo Contest” is a wonderful initiative for novices and those wishing to experiment without danger. It allows traders to compete using trial accounts with real cash awards for the winners, giving a risk-free environment for testing and competing tactics. The “LunarCapital Loyalty Program” awards traders points for their trading activity, which may be redeemed for various advantages that improve the overall trading experience. LunarCapital’s “Gadget Giveaway” is an interesting campaign for anyone interested in technology and gadgets.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). 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). Traders can choose between the MT4 and MT5 trading platforms within the LunarCapital Pro account. Additionally, the Pro account offers a swap-free option, catering to Islamic traders as well.
HotForex boasts of being a 100% STP brokerage, which means that all trades are handled directly in the real-time market with no influence or intervention by the brokerage and nil re-quotes. HF Markets platform has different kinds of accounts according to the trader’s level of experience and trading capital. Fill out the form correctly and continue with the prompt to finish registration. An email confirmation link will be seen to confirm it, and that account will be created instantly.
LunarCapital’s spreads are competitive, and some accounts may incur commissions. The precise fee structure depends on the type of account and instrument. In addition, the LunarCapital App provides educational resources such as webinars suited to traders of varying skill levels. Yes, traders can diversify their portfolios by following the strategies of multiple experienced traders. Yes, traders with experience may apply to become money managers, pending LunarCapital’s review and approval.
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