Lunate (lunate-cap.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: lunate-cap.com.
The only good thing about Lunate (lunate-cap.com) is that they remind you why regulation matters. I found them when my bank disappointed me and I searched for alternatives. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Economic calendar|Detailed reporting|Two-factor authentication
Cons: Some tools only available on higher tiers|Nothing significant
My card was charged twice by Lunate (lunate-cap.com) on the same day. I had to dispute it with my bank. Lunate (lunate-cap.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Fast deposits|Multi-currency support
Cons: No dark mode on mobile
Lunate (lunate-cap.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Dividend tracking|Responsive team
Cons: Limited cryptocurrency options
I closed a profitable position at Lunate (lunate-cap.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Two-factor authentication|Reliable uptime|Personal attention|Educational resources
Cons: No integrated tax optimization
I lost a significant amount because Lunate (lunate-cap.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Dedicated account manager|Portfolio tracking tools|Transparent fees|Good mobile app
Cons: Search feature is basic