Click here to see how to check if a broker is safe and what to do if you encounter a scam broker. To sum up, I think LunarCapital (Tradeco Limited) is not a safe enough forex broker. Click here to recognize common investment trading scams to avoid being scammed. Based on the broker information on the FxGecko app, I believe there are at least 5 significant high-risk signals for LunarCapital (Tradeco Limited) as follows. Trading here has been smooth and easy due to a friendly interface and also the ability to trade efficiently but my order execution is not fast.
To open any of these accounts, you must have at least $200. Their small advantages, such as tighter spreads, are the primary distinctions between them. The CENT account, which is specified in cryptos rather than in fiat money, is another source of distinction. You can comment on any of our materials and contact us via email. If you know any scam projects that were not reviewed by our team, please contact us. The footer mentions the legal entity — Tradeco Limited.
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In general, the conditions are a mix of mediocre and veiled. TradingBrokers.com aim to provide unbiased broker reviews. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. Scammers employ LunarCapital scam persuasive tactics to convince you to make an initial minimum deposit.
Already made 2-3 withdrawals with this…
LunarCapital also provides a wealth of educational resources for traders of all levels, from beginners to advanced. The broker offers webinars, podcasts, and various video-on-demand services to help traders better understand the financial markets and improve their trading skills. Hello Fouad G.,Thank you for your positive feedback! Our educational materials are an important aspect of our commitment to providing our clients with the resources they need to succeed.
- As an intermediate trader, I found LunarCapital’s educational materials indeed helpful.
- LunarCapital is also active on social media, but among all, Instagram is the only popular platform with more than 5,000 followers.
- Clients can connect to other traders to copy their trades or become providers for other users.
- Aside from the trading conditions, it is essential to delve into some crucial aspects to determine whether choosing LunarCapital for collaboration is worthwhile.
- If you find yourself a victim of LunarCapital’s questionable practices, it’s essential to take action.
You should also contact your bank as soon as possible and let them know about your issue. You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it’s offering you. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. LunarCapital’s credibility is fine and that’s why I’m here.
LunarCapital offers a range of trading services and features, including various account types, and access to multiple financial markets. LunarCapital offers clients the powerful MetaTrader 4 (MT4) trading platform, one of the most popular platforms among traders. The user-friendly interface of MT4 makes it easy for traders to execute trades quickly and monitor the markets with ease. Additionally, they offer a free demo account to practice on their platforms.
So today, we will check whether this platform is truly safe or if something is wrong with it. Compared to other brokers, LunarCapital offers relatively higher leverage than other brokers. It’s important to note that leverage in trading acts as a double-edged sword, enabling traders to potentially magnify their profits if the market moves in their favor.
In conclusion, LunarCapital raises several red flags that should not be ignored. The lack of regulation, unverified performance claims, and numerous customer complaints suggest that caution is warranted when considering this platform for trading. For those wary of LunarCapital’s practices, exploring alternative brokers with proven track records and positive user feedback is advisable.
- I am Kevin Berry, an internationally recognized financial advisor.
- LunarCapital had a familiar MT4 platform and reasonable fees for this type of asset.
- Seychelles is an offshore zone where companies can be easily registered with minimal requirements.
- There is nothing particularly useful or unique, but at least LunarCapital offers small tools.
- LunarCapital is regulated and authorized by the Seychelles Financial Services Authority (FSA) which ensures that LunarCapital complies with all applicable laws and regulations.
Heard positive about them in social media
This is better than nothing, but it is unlikely to bring any real benefit to clients in terms of stable earnings from trading. While LunarCapital offers a range of trading instruments and utilizes the reputable MT4 platform, several factors raise questions about its legitimacy. The broker’s regulation under a Tier-3 authority, combined with warnings from the FCA and mixed user reviews, suggest that potential investors should exercise caution. It’s advisable to conduct thorough research and consider brokers regulated by Tier-1 authorities to ensure greater protection and peace of mind. It is also odd that there is no mention of an affiliate program.
How do I know I can trust these reviews about LunarCapital?
Seychelles is an offshore zone where companies can be easily registered with minimal requirements. Offshore brokers often use such countries to avoid the https://lunarcapital.live/ strict regulations that exist in countries with more rigid financial controls. One of the primary concerns with LunarCapital is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds.
Leverage
What’s wrong with this broker is that CNMV (Spain) has issued a warning against them. Considering that LunarCapital has only been in the market since 2022, this is an incredibly rapid accomplishment. Starting with licenses, FCA, BaFin, and ASIC are Tier 1 regulators; FSA is not. They have the strictest regulations and are the most respected. As you might have guessed, LunarCapital doesn’t have any of those, so we wanted to make sure. However, as it stands, it is barely distinguishable from thousands of similar websites.
Have a question? Ask to get answers from the LunarCapital staff and other customers.
Who in their right mind would trade with such an openly fraudulent company? No license, a short operating history, plus many fake positive reviews. A license from the SFSA in Seychelles is not quite the same as a license from respected bodies like the FCA (UK).
ᴛʜɪꜱ ᴘʀᴏᴄᴇꜱꜱ ʟᴇᴅ ᴛᴏ ᴀ Qᴜɪᴄᴋ ᴀɴᴅ ᴏʀɢᴀɴɪᴢᴇᴅ ʀᴇꜱᴏʟᴜᴛɪᴏɴ ᴏꜰ ᴍʏ ɪɴQᴜɪʀʏ. When funding your account, a service fee is charged, which is 10% of the deposit amount and has a maximum amount of $200. There is also an inactivity fee of $50 if the account is not used for one year, which will result in it being closed and the balance being written off. Each brand on RealReviews.io belongs to a specific category, where it holds a position in the top rankings. Robert is an experienced financial analyst based in California. He covers the most difficult topics on our site.
The customer support team at LunarCapital is available 24/5, offering multilingual support. They provide traders with assistance when it comes to trading accounts, deposits, withdrawals, and more. Their customer team is knowledgeable and friendly and always willing to help traders with any issues they may have.
In addition, the MT4 platform provides traders with comprehensive trading tools and features to create their trading strategies. Hi June W.,Thank you for your positive feedback! We’re dedicated to providing our clients with a wide range of educational materials, and we’re thrilled to hear that you have found them helpful.