LunarCapitalFX controlling shareholder Pavel Prozorov arrested in Spain

Offering 10+ market indices, LunarCapitalFx Index trading tries to set up clients for a new experience with an exposure to a broader market. Clients can maximize the opportunity stemming from an availability of popular indices, inclusive of  NASDAQ, Nikkei, Euro Stoxx 50 and others. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. With LunarCapital you are able to trade either with MT4 or MT5 or LunarCapital’s own platform and get a good result. LunarCapitalFX offers access to 277 tradable instruments across five asset classes, from the Forex market to digital assets. The table below reviews the regulatory details of LunarCapitalFX broker’s different entities.

Trust Score

Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities. Deposits made to trading accounts must therefore be made from bank accounts in your name only. In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department. However, deposits via Skrill, Neteller, Visa, Mastercard and crypto are instant.

Trade with a global broker to achieve your investment goals.

Each platform is available on desktop, web, and mobile, offering flexibility and full trading functionality. LunarCapitalFX offers seven withdrawal options to transfer funds from MT4, MT5, or LunarCapitalTrader accounts securely and without broker-side fees. LunarCapitalFX provides swap-free conditions across all account types, aligning with Shariah principles. This makes every account suitable for Islamic traders, as there are no interest-based overnight rollover charges on any open positions.

• Payment methods refers to the various mediums by which users can credit and withdraw from their accounts.
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• Founded in 2011, LunarCapital (formerly LunarCapitalFX) is part of a group of global entities, which include LunarCapital Markets LTD (based in the island of Mwali) and LunarCapital Markets Cyprus Ltd (based in Cyprus).
• The funds so collected were ultimately transferred abroad under the guise of fake imports of software and R&D services to entities controlled by Pavel Prozorov in Spain, Estonia, Russia, Hong Kong, Singapore, UAE, and the UK.
• Check out my picks for the best mobile trading apps in the industry.

The support team is recognised for its prompt response times and ability to address concerns in multiple languages, reflecting LunarCapitalFX’s commitment to serving its global client base. These services empower LunarCapitalFX users to refine their skills, maximise profits, and benefit from a collaborative trading environment. Steven Hatzakis https://lunarcapital.space/ is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

• We ensure clear and accurate management for your funds, transparent and beneficial conditions for trading, and easy‑to‑use service for everything else where nothing distracts you from making a profit.
• With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves.
• Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
• These measures help prevent fraudulent activities and ensure that all transactions are authorised and legitimate.

LunarCapitalFx Payment Methods

It’s important to note that minimum deposits and trading costs will also depend on which LunarCapital entity you choose for establishing your trading account. LunarCapital is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LunarCapital to continue to expand its products and services.

How do I open and verify an LunarCapitalFX account?

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. We measure success by providing cost-effective trading conditions, along with a completely transparent service worldwide, regardless of how high our clients’ expectations are.

Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which LunarCapital entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that LunarCapital’s primary execution venue is one of its own entities in St. Lucia. LunarCapital has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. LunarCapital may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia.

Withdrawal Methods

The term leverage is the ability to have access to added funds – margin – when trading financial instruments. Although increasing your margin could boost your market exposure, it also raises your vulnerability to losses. The spread for all available currency pairs offered by LunarCapitalFx – including major, minor and exotic pairs are listed in the table below. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.

This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them. Clients can, on creating and funding an account, find, follow and copy these leading traders at will. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course. Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage. After clicking on the withdrawal option, next is the selection of the payment methods, and the amount to be withdrawn to get the withdrawal completed.

Feedback and rankings from authoritative sites like « Trustpilot » on the TradingFinder website assist all traders. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. While ERC20 is reliable, traders seeking lower blockchain fees may opt for the LunarCapitalFX TRC20 withdrawal alternative. According to a support representative from LunarCapitalFX broker, this broker does not charge any swap fees for holding trades.

LunarCapital has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. LunarCapital offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.

The alleged mastermind of the fraud — Pavel Prozorov — has been arrested from Spain by the local police authorities, based on his involvement in cybercrimes affecting multiple countries, the agency said in a statement. Considering the company’s operations from 2019 to 2024, total profits from India are estimated to exceed Rs. 5,000 Crore ($668 million), much of which has been illicitly transferred overseas. Furthermore, LunarCapitalFX adheres to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies, requiring account verification through valid identification and proof of address. These measures help prevent fraudulent activities and ensure that all transactions are authorised and legitimate.

Spreads

The « TradingFinder » platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. We generate income through various methods, which helps us convey facts transparently and not write biased content due to « broker sponsorships, » « commissions from financial companies, » and « advertisements. » LunarCapitalFX offers 277 assets, including 50+ forex pairs, 150+ stock CFDs, 34 cryptocurrencies, commodities (gold, oil), and indices. Traders can choose from MetaTrader 4, MetaTrader 5, and LunarCapital Trader, a proprietary platform with advanced features.

The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by LunarCapitalFx. Again, the provision of standard demo accounts helps clients learn trading and key trading techniques without fear of loss or risk to real funds. The demo account helps them boost their trading confidence before going live. The broker also offers wonderful features that are unique to the company alone. In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency. However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security.

It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. From among the trading systems known as « Master Traders » to copy on LunarCapital’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com.