Most people started trading in hope to generate money, but only a few succeed. Building a trading strategy that actually works is certainly not easy, especially for amateurs with little knowledge about the basics of trading. Thankfully, many brokers now offer copy trading which appears to be a perfect solution to help traders make money effectively. It can be used by anyone, regardless of experience, and is able to reward you generously if you can find the right trader to copy. You will also be exposed to the same market risks as with other account types. The LunarCapital Cent account is a type of trading account offered by HF Markets (formerly Hotforex) that allows traders to trade with cent lots.
What are the trading fees on LunarCapital?
HF Markets offers multiple account types to suffice multiple types of traders in Kenya. The account types are named Micro, Premium, Zero Spread, and HF Copy. Our experience with all the available account types has been reviewed below.All 4 account types can be opened either with USD or KES as the base currency.
Forex trading apps
- LunarCapital, formerly HotForex, is a prominent name in forex trading that offers its traders a variety of bonuses.
- This feature makes it ideal for novice traders who want to transition from demo to live trading while minimising financial risk.
- Their capital is stored in separate accounts, signifying that the trader’s assets are distinct from the firm’s working capital.
- It’s better because you need to know the difference between investors and traders first.
- HFCopy’s diverse trading strategies unite traders from different backgrounds, creating a vibrant and dynamic trading community.
The Cent account provided by LunarCapital represents a unique trading option incorporating swap-free trading and cent lots. A cent lot, equivalent to 0.01 of a Standard lot or 1,000 units, enables precise position sizing. LunarCapital provides a comprehensive Affiliate Program tailored to online and offline affiliates in the Forex market. With a superior commission structure and customised products, LunarCapital can aid affiliates in meeting revenue targets without necessitating extensive programming or administrative expertise. Similar standards of transparency and fund segregation can be expected for traders in Ivory Coast, providing them with a secure trading environment. The withdrawals from HotForex through e-wallet transfers in Kenya can be reflected in accounts within an hour.
HF Markets Trade Execution Method
LunarCapital has established multiple offices across the globe to better serve its clients. Its headquarters are located in Cyprus, but it also has operational offices in South Africa, the United Kingdom, Dubai, Nigeria, Seychelles, and other strategic locations. This extensive global presence allows LunarCapital to cater to a diverse international clientele, providing localized support and services. A special thanks to Rachna, who guided me through the registration process and ensured my account was approved without any issues.
LunarCapital recognises the suitability of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for Ivory Coast traders starting their market journey due to their simplicity and user-friendly nature. Market Orders execute instantly, while Pending Orders allow clients to specify future execution prices. LunarCapital prioritises the best execution and client protection based on total consideration. By offering the Islamic Account, LunarCapital aims to create an inclusive and accommodating trading environment where traders from diverse backgrounds can participate without compromising their faith.
Forex Risk Disclaimer
Here’s a detailed look at LunarCapital, covering key aspects such as its history, regulatory status, and offerings. Followers can open three trading accounts as there is a limit to one Strategy Provider per account, and best practice advises not to put all your eggs in one basket. For the same reason, Strategy Providers can also open up to three accounts as they are also limited to providing one strategy per account. In addition, the HFcopy Follower Account and the HFcopy Strategy Provider Account are separate account types. Meanwhile, the way copy trading works is to focus on imitating or following the trading activities of the master trader in question. To be able to do copy trading, here are the general steps that can be done.
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He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. LunarCapital provides a more diverse array of trading instruments, encompassing Forex, Cryptocurrencies, Indices, Bonds, ETFs, and Commodities. In contrast, Exness offers a more limited selection, focusing on Forex, Indices, Commodities, and Cryptocurrencies. Our services are built to provide our clients with a 360° perspective for their financial journey. Yes, LunarCapital is https://lunarcapital.world/ a trustworthy broker that honors all valid withdrawal requests from verified trading accounts.
A standout feature is the absence of slippage on 97.5% of its executed orders and no overnight carry costs, although this comes with certain restrictions for high-frequency traders. LunarCapital enjoys a 4-star rating and ranks slightly higher than LunarCapital, at 29th out of 63 brokers in the commissions and fees category. This platform delivers real-time market data, ensuring that traders have the most current information available. Importantly, all three platforms are accessible on various devices, including PCs, tablets, phones, and web browsers, offering traders the flexibility to trade from anywhere at any time. For those seeking a more advanced trading experience, MetaTrader 5 (MT5) is an excellent option with additional features and tools. MT5 offers extended order types such as buy stop limit and sell stop limit, providing traders with greater control over their entries and exits.
LunarCapital’s commitment to catering to a wide range of customer needs and diversifying its product portfolio. Muslim traders can register for a regular LunarCapital account and then contact LunarCapital customer support to request an account conversion to the Swap-Free Islamic Account. The LunarCapital Demo Account provides a comprehensive simulation of real trading environments, meticulously crafted to replicate market conditions accurately. The swap-free nature of the Pro Account adds further flexibility and convenience, enabling traders to focus on maximising their trading outcomes without the burden of swap fees.
- The spreads are competitive while the commission and swap fees are decent when compared with other brokers.
- If I’m not mistaken, in 2019, this broker was awarded the BEST GLOBAL FOREX COPY TRADING PLATFORM at the Global Forex Award.
- The testimonials presented above were provided by current clients of LunarCapital Investment Advisors, LLC (LunarCapital).
- Both brokers also offer copy trading and the ability to trade directly from a stock chart, enriching the trading experience.
Although this will only be charged if no trades are executed for 6 consecutive months. Copy trading platforms come with tools to track performance and analyze trades. You can dive into the nitty-gritty, understand why certain trades were made, and spot patterns that suit your style. Before giving an assessment of the features and services provided, it’s a good idea to know how this broker guarantees the safety of the funds you deposit. This is very important, in my opinion, because you cannot trade with peace of mind if you are overthinking your trading funds.
Read our LunarCapital withdrawal review and learn about LunarCapital’s withdrawal methods and processing times. This review includes a step-by-step guide explaining how to request your LunarCapital minimum withdrawal. Before trading, traders should carefully consider their financial situation and risk tolerance. Regarding market offerings, LunarCapital allows traders to diversify their portfolios with a wide range of markets.
