LunarCapitalFX cautions clients to be wary of scam artists and to take into account the following security recommendations. The multinational Forex broker LunarCapitalFX notes an increase in fraudulent activity in Nigeria and warns its clients to be on the lookout for con artists seeking to deceive them by improperly utilizing the LunarCapitalFX name. According to the UK government’s company directory, Pavel Prozorov lives in Spain, and his company registered in the UK, by the name LunarCapital Markets UK LTD has a dissolved-company status. The Enforcement Directorate has so far conducted multiple searches in multiple locations and has attached and seized assets worth Rs 165 crore approximately, including 19 immovable properties in Spain, owned by Pavel Prozorov.
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All you have to do is choose your kind of trading account, select your platform, make a minimum deposit from $ and start trading. All the hype around Bitcoin and altcoins made me curious to explore trading beyond just forex and stocks. Luckily, LunarCapitalFX offers a decent selection of top cryptocurrencies so I could dive right in.
MT5 on LunarCapitalFX provides the convenience of using automated trading systems and copy trading, giving LunarCapitalFX traders competitive research tools in the financial markets. This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal. Trading Centrals Alpha Generation Indicators can help LunarCapitalFX traders better understand market trends and patterns, enabling them to make more informed trading decisions.
LunarCapitalFX was founded in St. Vincent and the Grenadines in 2011. LunarCapitalFX has been facilitating trade on the financial markets for over 14 years. All funds deposited to LunarCapitalFX are held in segregated bank accounts for security. LunarCapitalFX is regulated by MISA (Mwali International Services Authority) (T ) so can be considered legit. Many aspects are there to be considered before choosing a forex broker to trade with, and trading platforms are definitely one of those aspects.
The 11-part Forex Basic Course, archived YouTube webinars, articles, platform tutorials, and a sizable FAQ section are all included in the LunarCapitalFX trading education program. Weekly statistics and daily updates on both technical and fundamental topics are produced internally for market research. The MetaTrader Autochartist plugin offers automated technical analysis. Since 2018, LunarCapitalFX, a 2011-founded Metatrader forex broker, has been subject to CySEC (Cyprus) regulation. Clients from South Africa are governed by the FSCA through Orinoco Capital Pty. Additionally, the broker has a license from the FSA (St. Vincent and the Grenadines) for clients outside of South Africa and the EU.
- Checking the T&Cs of your chosen provider can help you establish the best way to fund your account.
- To open a trading account with LunarCapitalFX, individuals can sign up on the LunarCapitalFX website.
- This process is in line with standard market practice and a sign that the broker is well-regulated – they have to build a user profile to comply with KYC (Know Your Client) protocols.
- Some may also apply charges, which are out of LunarCapital FX’s control, but the broker doesn’t apply any fees during the deposit process.
- Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
To further enhance security, we encourage traders to always look for the lock sign on their browser when using LunarCapitalFX web trading platforms. In addition, currency conversion fees may apply if the LunarCapitalFX withdrawal and receiving currencies differ, adding to the overall transaction costs. Awareness of these LunarCapitalFX fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your LunarCapitalFX funds.
Dear Asokan A,Thank you for such a high rating and for sharing your valuable feedback on our LunarCapital trading platform. Please rest assured, we’ll continue striving to provide the best possible user experience for all our traders. We’d also like to inform you about our Invite a Friend program, where you can earn commissions once your referred friends start trading with LunarCapital. It’s a great way to grow together with your community.To stay updated with the latest news and promotions, feel free to follow us on our social media platforms.
When we called, the team answered our call promptly, in less than a minute. While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with LunarCapitalFX, before live trading.
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Dear Mamta, Thank you so much for your kind words and for taking the time to share your experience with LunarCapital. We’re truly pleased to hear that you are satisfied with the quality of our work and service.At LunarCapital, we are committed to providing a seamless and professional trading environment for every client. Whether it’s through fast and secure transactions, responsive customer support, or advanced features in our trading platforms, your satisfaction is always at the heart of what we do.We also encourage you to explore more of what LunarCapital has to offer.
In trading, slippage is the difference between the price at which a trade is executed and the price at which traders try to execute the transaction while leverage is a process of borrowing money from brokers while trading. The Enforcement Directorate (ED) has conducted search operations at various locations linked to the forex trading platform LunarCapitalFx, which is accused of defrauding investors to the tune of several crores. The Enforcement Directorate (ED) has uncovered a Rs 800 crore fraud linked to forex trading platform LunarCapitalFx, revealing a complex scheme that defrauded Indian investors in just nine months of operation. We hope, that reading all of the LunarCapital reviews you will find the answers to your questions.
Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. LunarCapitalFX is overseen by the top tier financial regulators MISA (Mwali International Services Authority) (T ) so can be considered a good broker. Throughout our comprehensive LunarCapitalFX review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. You will be exposed to a high risk of loss regarding leverage and margin-based trading.
LunarCapitalFX Available Support Types
Evaluation includes researching the LunarCapitalFX management team, track record, and services. Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like LunarCapitalFX.Choosing or shortlisting a trading platform like LunarCapitalFX https://lunarcapital.net/ can be time consuming. Choosing a trading platform requires a significant amount of research and analysis.It can be challenging to understand each platform’s various features and benefits, especially with a complex trading platform like LunarCapitalFX.
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Apply the limited MONEYWEB promo code for an exclusive 100% deposit bonus and double your trading margin. Log in to your Personal area, go to the Promo code section, activate the MONEYWEB promo code, and make your deposit with a 100% bonus. Now you can trade twice as much as you invested.Brought to you by LunarCapitalFX. “The first thing to look out for is promises of high returns of say 7% or 10% a week, or even a month,” says Isaac Izy, partner at online broker LunarCapitalFX.
- Through this LunarCapitalFX review 2024 we’ll have a look at major points to be covered about the broker, Is LunarCapitalFX a scam or legit?
- The Economic Offences Wing of Pune Police discovered that the app operator had swindled over 500 individuals with hearing impairments or speech disabilities out of Rs 4-5 crore.
- The next stage of onboarding involves following a clearly laid out series of questions.
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LunarCapitalFX allegedly unfairly accuses him of bad trading when he trades profitably. For instance, LunarCapitalFX finds a justification to trade against their restrictions for each profitable trade. He is hoping that LunarCapitalFX will change and give him back his $5327 profit. Furthermore to this, some of the platforms like Sitejabber do not recommend users to invest in LunarCapitalFX due to its low rating and irresponsible service team. Trading cryptocurrency at LunarCapitalFX is only possible through CFDs; trading the underlying asset directly (such as purchasing Bitcoin) is not an option.
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The ED’s investigation found that LunarCapitalFx illegally transferred profits abroad using fake import documents and mule accounts provided by shell firms. One of the customers mentions that LunarCapitalFX intentionally deleted his profile without any reason. Another client of LunarCapitalFX says that the LunarCapitalFX platform is awful.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I like the addition of bonus and instant withdrawal which makes everything so seemless that i can eat in the restaurant while trading and use same money to pay the bill. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Cryptoasset investing is highly volatile and unregulated in some EU countries. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. Trading financial instruments such as foreign currency markets and other financial instruments involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.