FAQs

The forex market does not have a central exchange and is not regulated by a single governing body. It is an Over-The-Counter (OTC) market, meaning trading takes place directly between participants. Each broker and its domestic regulator will therefore have their own rules and regulatory requirements. To trade forex with us, we offer CFDs and Spread Bets, and our services are regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

Gaps occur when there is little to no tradable price in the market; therefore, you may see jumps up or down between candles. This can occur due to high-impact news, data releases, or when the market closes Friday and reopens Sunday at a different level.

The FX market is estimated to have an average daily trading volume of $7.5 trillion globally (according to the Bank of International Settlements).

Apply for an account. Once approved, you can trade forex via a CFD or spreadbet on web, desktop, or mobile. Be mindful of volatility and only trade using risk capital.

Our initial minimum deposit is £250. Margin requirements depend on trade size. Ensure you have sufficient funds and only use risk capital.

We offer risk management tools such as stop losses to help mitigate trading risks.

We offer CFD and Spread bets for trading forex.

The Forex majors include: EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, NZD/USD.

We do not offer DMA forex trading. We offer OTC products using multiple liquidity providers for best available pricing.

Sponsored access goes via your broker to an exchange/MTF, whereas DMA goes directly through your own account.

Forex refers to the global marketplace for buying, selling, and exchanging currencies.

CFDs and Spread Bets are leveraged and complex instruments. Trading them carries significant risk.

We offer education and training. However, leveraged trading carries risks and you should only trade with risk capital.

Rollover is automatic. Fees apply and are listed on our costs and charges page.

Minimum margin for retail traders is 3.33% (maximum 30:1 leverage).

Apply for an account. Once approved, you can trade via CFD or spread bet on our platforms.

Retail client funds are held in segregated accounts separate from company funds in accordance with regulations.

Opening an account can take minutes. Valid proof of identity and possibly proof of address (last 3 months) are required.

Forex trading involves trading currency pairs by predicting whether one currency strengthens or weakens against another.

We offer an extensive list of FX pairs including the most popular pairs.

Yes, provided you understand the risks and pass the application process.

Pips denote movement in an FX pair and measure gains or losses.

A swap is the overnight fee for rolling over a leveraged position.

Leverage allows you to trade larger positions with smaller deposits (margin). It increases both potential profits and losses.

The spread is the difference between bid and ask price and represents the core cost of entering a trade.

Equity is your cash balance plus or minus unrealised P&L.

Forex involves speculating on currency value using leverage, while traditional stock trading involves buying actual shares without leverage.

Forex trades 24/5, opening Sunday 10pm and closing Friday 10pm UK time.

We offer a wide range of FX pairs including all popular currencies.

Profit comes from the difference between entry and exit price minus fees.

Yes. We provide education but traders can develop their own strategies suited to their goals.

Forex trading is buying and selling currency pairs based on predictions of currency strength.

Open an account and once approved, trade via CFD or spreadbet on our platforms.

Minimum deposit is £250. Minimum margin is £100 depending on trade size.

Minimum margin required is £100 or percentage of position value, whichever is greater.

Capital requirements depend on your strategy. Only use risk capital.

We offer web-based, desktop, and mobile platforms.

Always implement risk management and only trade using risk capital.

Forex trades 24/5, allowing flexibility around the clock.

We are authorised and regulated by the FCA in the UK.

You can withdraw to a bank or card registered in your name according to withdrawal policies.

Minimum deposit is £250. Margin requirements apply depending on trade size.

In trading, a position represents your investment in a particular asset. There are two types of positions:
Long position: You buy an asset, hoping its price will rise.
Short position: You sell an asset you do not own, expecting its price to fall.

If a position is still active, it is called an open position. Once the trade has been completed, it is referred to as a closed position.

A pending order is an instruction to buy or sell an asset at a specific price that differs from the current market price. It has not yet been executed, so it is not considered an actual trade. The purpose of a pending order is for it to be executed automatically once the market price reaches the level you have set, allowing you to enter the market under predefined conditions without needing to monitor the price constantly.

A stop-loss order and a take-profit order are both tools for risk management you can use when it comes to trading. They are instructions that you can attach to an open position to automatically close it at a specific price.
Stop-loss order: Closes your position at a predetermined price if the market moves against you, helping to minimise potential losses.
Take-profit order: Closes your position at a set price to secure profits before the market reverses.

When you trade with leverage, only a percentage of the total trade value is required by the broker. The rest of the trade is financed by the broker or financial institution. The leverage ratio indicates how much larger your position is compared to your margin.

This allows traders to potentially gain higher returns with a smaller initial investment. However, losses are also magnified. If the trade moves against you, your losses could exceed your initial margin, potentially leading to a margin call.

For example, if you have a leverage of 10:1, this means you can obtain a position worth 10 times your actual investment. With a margin of £1,000, you could trade a position worth £10,000.

For retail accounts, maximum leverage is up to 30:1 when trading on a CFD or spreadbet with us. You should therefore manage your risk accordingly and only ever trade using risk capital.

A swap in trading CFD’s or Spreadbets is the overnight fee you pay to keep a leveraged trade open.

Spread is the difference between the buy (ask) and sell (bid) price.

Pending orders can sometimes be executed at a different price if there is a sudden, large price movement (a price gap) due to market volatility. The order is filled at the next available price rather than the exact price you set. This difference is known as slippage.

In leveraged trading, you do not receive a traditional dividend because you do not own the underlying asset. Instead, you receive a dividend adjustment into your trading account depending on whether your position is long or short. To be eligible, you must hold an open position on the ex-dividend date.

The dividend will be applied to your account on the ex-dividend date.

A pip is the standard unit of measurement for price movements in trading. The value of a pip depends on your position size. For example, one standard lot of GBP/USD has a pip value of $10. If the market moves 5 pips, this results in a profit or loss of $50.

Yes, we are pleased to offer corporate accounts.

On your application you will be asked to provide valid proof of identity and may be required to provide valid proof of address issued in the last 3 months.

Yes, we are pleased to be able to offer joint accounts.

Trades and orders can sometimes be executed at a different price if there is a sudden, large price movement and no tradable price is available at the requested level (a price gap). The difference between the requested and executed price is known as slippage.

This can occur between market close and open or during high-impact economic events.

Our customer support hours are Monday to Friday between 8am and 6pm UK time.

Margin or leveraged trading only requires a percentage of the total trade value. The rest is financed by the broker. Leverage allows larger exposure with smaller capital but also magnifies losses.

For example, with 10:1 leverage, £1,000 allows you to control £10,000.

Financial spread betting is a leveraged derivative product that allows individuals to speculate on the price movements of financial markets, such as indices, currencies, commodities, Crypto currencies or shares without owning the underlying asset. Clients place a bet on whether the price of a chosen market will rise or fall, and their profit or loss is determined by the accuracy of that prediction and the extent of the market’s movement.

Spread betting can be tax free, Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. Should you have any questions with regards to your personal tax circumstances you should seek independent professional advice.

Spread betting involves margin and leverage, therefore is a high risk product. It is primarily available to residents of the United Kingdom and Ireland and may not be permitted in other jurisdictions. Please note that Crypto currency trading on spreadbets is not available to retail traders.

You can start trading in Spread betting by submitting an application for a trading account. Once your application is approved, you can trade the product(s) of your choice by searching for them on the platform and executing trades via Spread betting on our web, desktop, or mobile platforms.

You can use spread bets to hedge your other holdings by opening a short position with a spread bet on the same asset you already own. If the market drops, the gain on the spread bet can help offset the loss on your holding.

Your profit or loss is based on the difference between the price you open and the price you close your Spread bet position at. If the market moves in your favour, you shall profit; if it moves against you, you lose. Any additional costs, such as financing charges are also subtracted from your overall profit or loss on the position.

No, you do not own the underlying asset when trading a spread bet, you are purely speculating on the price change.

Spread bets give you exposure to the following risks:

• Market risk – Spread bet prices mirror the underlying asset, so any unfavourable price movement will reduce the value of your position.

• Leverage risk – Spread bets are leveraged products, meaning you can control a large position with a relatively small deposit. While this amplifies potential gains, it also magnifies losses.

• Market volatility and gapping – Prices may move in sudden jumps in volatile markets.

• Risk of margin call – If equity falls below margin level, positions may be closed automatically.

• Liquidity risk – In illiquid markets, spreads widen and slippage may occur.

A pip is the tradable point in a spread bet. For example, one standard lot of FTSE equals £10 per point movement. If the market moves 5 pips, this equals £50 profit or loss.

The spread is the difference between the buy and sell price. It’s a built-in cost you pay when opening a spread bet.

The underlying asset refers to the product you are trading, such as Brent crude oil or physical gold.

The following asset classes are available on spread bets: FX, Indices, Commodities, Equities, treasuries and crypto currencies. Please note Crypto is not available to retail clients.

Speculating for the price to fall on a given market.

Spread bets allow trading multiple asset classes such as FX, commodities, shares and indices. You can also take short positions or hedge existing holdings.

We are a UK-domiciled financial institution and have clients globally. However, regulatory restrictions may apply in certain jurisdictions. Please contact support for further details.

Spread bets are complex products and are deemed high-risk due to their speculative nature and leverage.

Spread betting is generally tax free in the UK and Ireland as it is considered gambling by HMRC, meaning profits are exempt from capital gains tax. However, if it becomes your primary source of income, income tax may apply. Always consult a tax advisor.

CFD stands for ‘Contract for difference’. It is a financial derivative that allows you to speculate on the rise and fall of an underlying market, such as shares, indices, commodities, or forex, without taking ownership of that asset.

You can start trading in CFDs by submitting an application for a trading account. Once your application is approved, you can trade the product(s) of your choice by searching for them on the platform and executing trades via our web, desktop, or mobile platforms.

You can use CFDs to hedge your other holdings by opening a short position with a CFD on the same asset you already own. If the market drops, the gain on the CFD can help offset the loss on your holding.

CFDs are traded over-the-counter with your broker, have no expiry date, offer flexible position sizes, but can become more expensive over time because of overnight financing costs.

Futures are traded on an exchange, are fully standardised in size and expiry, must be closed or rolled over when the expiry date arrives, usually have lower long-term costs, but are less flexible and often require more capital.

CFDs are good till cancelled, meaning they roll over nightly until the trade is closed. They do not have an expiry date unless otherwise stated, which can be the case with CFD futures and CFD forwards.

A Contract for Difference (CFD) is a derivative that allows you to speculate on the rise and fall in the price of an underlying market such as shares, FX, commodities, or indices, without taking ownership of the actual asset.

Your profit or loss is based on the difference between the price you open and the price you close your CFD position. If the market moves in your favour, you shall profit; if it moves against you, you lose. Any additional costs, such as financing charges, swap rates, or currency conversion effects, are also subtracted from your overall profit or loss on the position.

No, you do not own the underlying asset when trading a CFD.

CFDs expose you to market risk, leverage risk, counterparty risk, volatility and gapping, margin call risk, and liquidity risk. Because CFDs are leveraged products, losses can exceed your initial deposit.

A pip is the tradable point in CFD trading. This means your position size correlates to the pip value you change, e.g., one standard lot of FTSE equals £10 per pip movement. If the market moves 5 pips, this is a profit or loss of £50.

The spread is the difference between the buy and sell price. It’s a built-in cost you pay when opening a CFD trade.

This is dependent on the classification of your account. Retail traders in accordance with regulation cannot have margin offsets.

The underlying asset refers to the product you are trading, such as Brent crude oil or physical gold.

With a CFD you can trade the following asset classes: FX, Indices, Commodities, Equities, treasuries and cryptocurrencies. Please note Crypto is not available to retail clients.

Speculating for the price to fall on a given market.

CFDs can be used to trade multiple asset classes such as FX, commodities, treasuries, shares, and indices. They also allow leverage and short positions for hedging and diversification purposes.

We are a UK-domiciled financial institution and have clients worldwide. However, due to certain legal and regulatory restrictions, some residents may not be permitted to open an account. Please contact support for details.

CFDs are complex and high-risk products due to their speculative nature and leverage.

MetaTrader 5 (MT5) is a multi-asset electronic trading platform used for trading financial markets such as forex, indices, commodities, stocks, and cryptocurrencies. Developed by MetaQuotes, it is the successor to MetaTrader 4 (MT4) and is widely used by brokers and retail traders worldwide. Please note that Crypto is not available to retail clients.

Once your account is opened, we will provide you with the download link for the desktop platform. You can access the web platform through the link we supply, and for mobile trading, you can download MT5 from the Android or iOS app stores.

Yes, we do not charge a platform fee; however, trading may involve costs such as spreads, commissions, or other fees charged by your broker.

MT4 was designed mainly for Forex traders, offering simplicity, reliability, and strong support for automated trading (Expert Advisors). MT5 is its more advanced successor, built for multi-asset trading across Forex, stocks, commodities, indices, and futures. MT5 provides additional charting options, faster back testing, depth of market, an integrated economic calendar, and support for both hedging and netting.

Please contact our support team at support.uk@lunaro.com, and we will be happy to set one up for you.

Yes, depending on your client classification, MT5 supports a wide range of asset classes across our CFD and Spread Betting products. Note crypto CFD and spreadbet products are not available to retail clients in the UK.

You will receive your login account number and password by email, and you can select our company from the list of servers when logging in.

Yes, you can download MT5 as an app for iOS or Android.

Yes, you can trade on MT5 whether you are a beginner or an advanced trader, provided you meet the appropriateness requirements when applying for an account.

Indices trading is the trading of indexes, which are grouped-together stocks for sectors or entire stock exchanges. We offer the ability to trade Indices via CFD or spreadbetting.

Yes. If your trade moves in your favour and gains exceed associated costs, it will result in a profit.

If the index closely correlates with your underlying assets, you can use it to hedge other holdings and manage downside risk.

Yes, index futures are considered a type of derivative.

Yes, you can close a position before expiry.

An index is a collection of shares representing a market or sector. Trading indices gives exposure to a full market segment without buying individual shares.

S&P 500, Dow Jones Industrial Average, NASDAQ, FTSE 100, DAX 40.

Submit an application for a trading account. Once approved, search for indices on the platform and execute trades via web, desktop or mobile.

S&P 500, Dow, NASDAQ, FTSE 100, DAX, CAC 40, Hang Seng and Nikkei 225.

Indices represent a collective of stocks, giving a broader market view instead of focusing on one company.

Economic data, corporate earnings, interest rates, geopolitical events, market sentiment and supply-demand dynamics.

Indices provide broad market exposure. We offer education and support, but you should only trade with risk capital.

Leverage is a personal choice. It reduces required capital but increases risk. Always trade responsibly.

Indices trading involves speculating on stock market index price movements rather than individual stocks.

Yes, beginners can trade indices. We provide educational materials and support. Always trade with money you can afford to lose.

Commodities are physical goods like oil, gold, wheat, and copper that are traded on exchanges or OTC. You can trade them on our offering using financial derivatives called CFDs and spread bets via our web, desktop or mobile platform.

Lunaro offers CFDs and Spreadbets on both Gold and Silver.

We price our precious metals from a source of liquidity providers. We then make a mark up on the spread as our fee.

On our website, you will see the “Open an Account” button. Clicking this will take you directly to our online application page, which should only take a few minutes to complete. Once your application is approved, you can then trade our offerings via CFDs or Spread Betting.

Metals can be traded during their usual market trading hours; these can vary depending on the exact metal you are looking to trade.

Commodities are physical goods like oil, gold, wheat, and copper that are traded on exchanges or OTC. You can trade them using our offering via CFDs or spreadbets on our web, desktop, or mobile platforms.

Metals, energies, and agriculture.

Individuals with experience, new traders, and businesses in commodity industries such as jewellery, mining, food production, and oil refining.

Our charges are built into the spread. For spot commodities, an overnight financing fee applies.

This depends on whether you want exposure to the commodity itself or companies related to commodities.

We offer demo accounts and access to historical prices so you can test strategies without risking real money.

Approximately 36,000 metric tons, according to the World Gold Council.

We offer commodities via CFDs or Spreadbets. These OTC derivatives use leverage and roll daily.

If gold is $3,500 and you go long 0.1 lots ($10 per point), and price rises 75 points, your profit would be $750.

Crude oil is the most frequently traded commodity due to its importance and liquidity.

Submit an application to open a trading account. Once approved, trade via CFD or Spread bet.