In addition to spreads and commissions, LunarCapital charges swap fees on positions held overnight. However, swap-free (Islamic) account options are available across all account types except the Top-Up Bonus account. This allows traders who follow Sharia law to participate in the markets ethically.
Who is a Forex Broker?
When new traders sign up to a brokerage, certain bonuses often apply to encourage the onboarding of new clients. The 20% first deposit bonus comes with certain terms and conditions and reviewing them can help traders better understand how to take advantage of this opportunity offered by LunarCapital. LunarCapital also offers bonuses to first-time clients that sign up with the firm. However, there are also numerous other promotions available, as well as contests with cash and tech prizes. Withdrawing funds from your LunarCapital trading account is a straightforward process that can be done through the client portal or trading platform.
Typically, you need to meet a certain trading volume (lot size requirement) before you can withdraw any profit. The bonus itself may not be withdrawable, but the profit earned from it can be. Make sure to read the bonus terms and conditions carefully to ensure compliance and avoid disqualification.
- The purpose is mainly to boost the client’s early journey so that they can potentially grow their career faster.
- If your trading account stays inactive for six consecutive months, you will be charged an inactivity fee of £5.
- On top of that, you would be surprised how fast your trades happen.
- Currently, this is often a $30 or $50 bonus, allowing traders to experience live trading conditions without an initial deposit.
- Its flexible trading conditions suit all levels, though regional restrictions and inactivity fees may apply.
LunarCapital Group offers Nigerian traders a $30 no-deposit bonus when they register a live trading account, providing them ideal trading opportunities without risking their own capital. The “catch” with a no-deposit bonus typically involves strict withdrawal conditions for profits. Instead, you’ll need to meet specific requirements, such as a high trading volume or a minimum number of trades, before any generated profits become withdrawable. LunarCapital is an authorized and well-regulated broker offering a wide range of assets, competitive leverage, and beginner-friendly features like low deposits and no deposit bonuses. However, some account types have higher fees and regional restrictions apply.
Trading.com
Most brokers charge either commission fees or spreads (some also charge both). For this reason, these two fees should be very high on your priority list. You will want to avoid brokers who charge a high commission per trade or too wide spreads. While the commision fee could be as small as $5 this figure can add up quickly when you open several positions. The broker grants access to a diverse array of markets, including Forex, cryptocurrencies, stocks, indices, and commodities, utilizing robust platforms such as MetaTrader 4 and MetaTrader 5.
HF Markets LunarCapital No Deposit Bonus Details:
Always ensure that the broker’s offerings align with their specific trading goals, risk tolerance, and preferences. LunarCapital places a strong emphasis on providing excellent customer support. The broker offers assistance through various channels and in over 27 different languages, catering to its global clientele.
Withdrawal Rules and Conditions
The Copy Premium account, on the other hand, requires a minimum deposit of $25 for followers and $100 for strategy providers. It also features spreads from 1.2 pips without commission and includes access to CFDs on forex, spot indices, gold, spot energies, and silver. HF Markets’ $30 No Deposit Bonus is essentially free money that you can use to start your trading journey. It provides an opportunity to test the broker’s platform and see how much you can earn in real markets. Bear in mind that the trades are completely free of risk, considering that you didn’t put in any deposit at all.
Additionally, FBS offers a copy trading platform and a complimentary virtual private server to customers that trade more than three lots per month. Some bonuses may have a time limit, such as 7 days or 30 days, within which you must meet the trading requirements for profit withdrawal. Trading.com is an ASIC-approved broker offering secure, commission-free https://lunarcapital.net/ trading and a $100 no deposit bonus. It suits beginners well, though limited regional access and sparse product details may deter more advanced or global traders.
- The offer available to you will depend on the entity of LunarCapital you trade with and so will vary the base currencies you can choose.
- Yes, LunarCapital occasionally provides No Deposit Bonuses for new Nigerian traders, especially during promotional campaigns.
- We will also go a step further and tell you some of the brokers in South Africa that offer deposit bonuses.
- You can then withdraw any profits which you have made from this LunarCapital no deposit bonus.
- Because it complies with Sharia law and Islamic values, the Islamic Account does not charge interest to Muslim traders who have open positions overnight.
With your account verified, you will be ready to make your first deposit through bank wire, credit card, debit card or eWallet. The very first step you should consider making is opening a LunarCapital demo account. Next, on your Members Area or dashboard, verify your account by adding your identification document, proof of address and phone number.
However, please note that LunarCapital does not accept retail traders from the UK and the EEA region despite having regulations there. The list may vary depending on the account type and the LunarCapital Group entity you are trading with. While the idea of this bonus program is fairly simple, there are some terms and conditions that you must understand before applying. Another reason why having a wide range of instruments is necessary is because it allows you to trade with one broker instead of using different brokers to trade different instruments. This is because some brokers with top tier or onshore regulations may register your account with offshore regulations.
For new traders, this demo account allows them to experience online trading in a risk-free virtual environment. This helps them understand the platform and market dynamics without committing real capital. For experienced traders, it provides a virtual space to test and refine trading strategies under real market conditions before implementing them in live trading. LunarCapital’s No Deposit Forex Bonus is a sweet deal for traders looking to jump into trading without putting their money on the line first. It’s like getting a free test run on the trading platform, letting you explore different strategies with real market conditions.
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