TradingMoon Review - What to expect from the broker

TradingMoon is an emerging online brokerage platform which offers trading opportunities across various financial markets. While TradingMoon is a new player in the space, it offers a compelling set of features to traders. On TradingMoon, traders have access to a diverse range of trading instruments with competitive trading conditions.

This TradingMoon review will provide an in-depth analysis of the broker, covering the broker’s trading platforms, available markets, regulations, fees, and overall user experience. By the end, you’ll have a better understanding of whether TradingMoon is the right choice for your trading needs.

Basic Information About TradingMoon

• Website Address: TradingMoon.com
• Instruments: CFDs on forex, stocks, indices, commodities, and cryptocurrencies.
• Minimum Deposit: $25 (For the standard account).
• Demo Account: Yes, with a $10,00 virtual balance to start.
• Trading Platforms: MetaTrader 4 (MT4), MoonTrader, and cTrader.
• Deposit and Withdrawal Methods: Credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller.

Trading Platforms on TradingMoon

TradingMoon provides traders with multiple trading platforms to suit different preferences. The three main platforms offered by this broker include MetaTrader 4, cTrader, and its proprietary MoonTrader. MetaTrader 4 is a classic choice for many traders. It offers a user-friendly interface, extensive charting tools, and automated trading via Expert Advisors (EAs). The platform is available on desktop, web, and mobile devices, ensuring accessibility for traders on the go.

cTrader is another popular trading platform among traders. It is known for its sophisticated features, including advanced charting tools, various order types, and Level II pricing (depth of market). It also offers one-click trading, automated trading capabilities, and support for backtesting. 

Finally, TradingMoon provides its own platform, MoonTrader, with features designed by the broker for its clients. It offers a user-friendly and intuitive trading experience with ultrafast order execution. The average execution time for this platform is a mere 0.05 seconds. It has full web and mobile support, allowing traders to access their accounts on the go.

Trading Instruments Available on TradingMoon

TradingMoon provides a comprehensive range of CFDs across multiple asset classes, enabling traders to diversify their investment strategies. The broker offers a variety of trading instruments, all available as CFDs. The key asset classes include:

• Forex - TradingMoon offers an extensive selection of currency pairs, covering major pairs such as EUR/USD, GBP/USD, and USD/JPY, along with a range of minor and exotic pairs for broader market exposure.
• Indices - Traders can access major global indices, including the S&P 500, NASDAQ 100, Dow Jones, and FTSE 100, allowing them to speculate on the broader stock market performance.
• Stocks - TradingMoon facilitates trading on CFDs of numerous global stocks, enabling participation in the price movements of leading companies across various sectors.
• Commodities  - The broker offers CFDs on key commodities such as gold, silver, crude oil, and natural gas.
• Cryptocurrencies - TradingMoon allows for the trading of the top 50 most popular cryptocurrencies, including Bitcoin, Ethereum, and Ripple.

Remember that Forex and CFDs available at TradingMoon are leveraged products.
Their trading can result in the loss of your entire capital.

Account Types & Spreads on TradingMoon

Spreads and commissions are crucial factors that impact trading costs. TradingMoon offers two main account types to cater to different trading needs. These include the Standard account and the Premium account. The Standard account offers spreads that start from as low as 0.7 pips for major currency pairs, with no commission charged. The minimum deposit to open a Standard account on TradingMoon is $25.

On the other hand, the Premium account has a spread that starts from as low as 0.2 pips but charges a commission of $35 per million traded. To open a Premium account, traders need to make a deposit of at least $5,000.

Both of these accounts charge a swap fee for holding positions open overnight. The exact fee that applies depends on the market instrument being traded and the size of the trade. Positively, TradingMoon offers swap-free versions of both accounts, allowing investors to trade swap-free.

TradingMoon Promotions

TradingMoon offers a variety of exciting promotions designed to reward both new and existing traders. These incentives enhance the trading experience by providing bonuses, cashback opportunities, and competitive rewards. Here's an overview of the current promotions offered by TradingMoon:

$30 Welcome Bonus

The $30 deposit bonus is available to new clients to help them kickstart their trading journey with a capital boost. To receive this bonus, traders need to open an account with TradingMoon and verify it. After that, they simply need to make their initial required minimum deposit for their account. 

The $30 will be credited to their trading account, which they can use for as long as they want. Please note that traders cannot directly withdraw this deposit amount. However, any profits they make from trading with this bonus are available to withdraw.

Remember that Forex and CFDs available at TradingMoon are leveraged products.
Their trading can result in the loss of your entire capital.

Cashback Program

TradingMoon offers a lucrative cashback rebate program, where traders can earn back a portion of their trading costs. Traders have the opportunity to earn up to $10,000 in cash rebates per month. The amount of cashback a trader can receive depends on the corresponding tier of the total combined USD notional volume achieved within the same calendar month. 

Traders with a USD notional volume of between $0 and 10M earn a cashback of $10 per $1 million. Those with a USD notional volume of $10M to $150M earn a cashback of $25 per $1 million. Finally, those with a USD notional volume of over $150M earn a cashback rebate of $50 per $1 million.

Lucky Money Promo

This promotion combines a deposit incentive with trading volume requirements. It encourages traders to deposit a substantial amount and engage in active trading across multiple asset classes. By depositing $1,000 and trading 10 standard lots across three different asset classes, traders can claim a $888 bonus. This adds a rewarding incentive for diversified trading.

Refer a Friend Promotion

This program leverages social networking to expand the platform's user base. Clients can earn $20 for every qualified friend they refer to TradingMoon. Upon successfully referring 50 friends, the trader attains TradingMoon Brand Ambassador status and receives an additional $250 prize.

Zero Markups, zero commisions

This promotion aims to attract traders on a specific day by eliminating spread markups and commissions on selected popular instruments. Every Friday, traders can engage with selected popular instruments without incurring spread markups or commissions, offering a cost-effective trading opportunity. This makes it an appealing option for day traders and high-frequency traders. However, please note that other fees may apply in trading.

Sunday Billion Competition

This competition adds an element of excitement and competition to trading. The substantial prize pool of $10,000 creates a strong incentive for traders to participate and strive for top performance. The competition format also encourages active engagement on the platform. The total award pool of $10,000 is distributed among the top five winners as follows: $5,000 for first place, $4,000 for second, $500 for third, $300 for fourth, and $200 for fifth place.

These various promotions reflect TradingMoon's commitment to providing value-added incentives and fostering an engaging trading environment for its clients. However, it's important to remember that all trading promotions will come with terms and conditions. Ensure you read carefully all the terms and conditions, including the fine print, before participating in any promotional activity.

TradingMoon Copy Trading

Copy trading on TradingMoon enables investors to automatically replicate the trades of other people. By selecting a Strategy Provider whose trading style and performance align with their investment goals, users can allocate funds to mirror the provider's positions in real-time. This process allows investors to benefit from the expertise of seasoned traders without the need for in-depth market analysis or manual trade execution.

The platform offers over 400 trading strategies, providing users with a diverse range of options to suit their risk tolerance and financial objectives. In-depth performance statistics and historical data for each Strategy Provider are available, enabling investors to make informed decisions when selecting whom to copy. Additionally, TradingMoon's Copy Trading platform includes risk management tools such as Equity Stop Loss. This allows users to set predefined risk levels to protect their investments.

For experienced traders, becoming a Strategy Provider on TradingMoon presents an opportunity to showcase their trading strategies to a broad audience. Additionally, they can earn additional income through commissions set for their followers. The platform provides a seamless copy trading experience with earned commissions automatically distributed.

TradingMoon Demo Account

TradingMoon offers a demo account designed to help users familiarise themselves with its trading platform and practise their trading strategies without risking real capital. This demo account comes loaded with a starting balance of $10,000, and traders can reset the balance at any time. This simulated environment mirrors real market conditions, allowing traders to practice executing trades across various financial instruments.

By using the demo account, individuals can gain hands-on experience with TradingMoon's interface, tools, and features. This is particularly beneficial for aspiring traders aiming to build confidence before transitioning to live trading. Positively, this demo account does not expire, meaning that traders can always come back to it for more practice.

Leverage on TradingMoon

TradingMoon offers leverage to enable traders to control larger positions with a relatively small amount of capital. The maximum leverage available on TradingMoon is 1:1000 for selected instruments. However, leverage varies across different asset classes and specific instruments. Here is a breakdown of the maximum leverage levels per asset class:

Leverage Table

Notably, TradingMoon uses a dynamic leverage model on forex, indices, commodities, and shares, which automatically adapts to the client's trading CFD positions. For instance, if the USD volume per instrument of a client increases, the maximum leverage decreases accordingly. This model is applied per trading symbol. Therefore, if a client has positions open across multiple instruments, the leverage will be calculated separately on each symbol.

On another note, it's important to remember that while leverage can enhance potential returns, it also increases the risk of substantial losses. It is advisable for traders to carefully assess their investment objectives, experience level, and risk tolerance before engaging in leveraged trading.

TradingMoon’s Customer Support

Reliable customer support is crucial for addressing trader inquiries and resolving issues promptly. TradingMoon provides customer support through various channels, including live chat, email, and phone support. The customer support team is available from Monday to Friday, between 07:00-22:00 CET, to answer any trader questions. For direct assistance, clients can contact TradingMoon's support team via phone at +2484632031. This is the best option for urgent matters that traders may have.

Additionally, traders can get assistance via real-time chat for any queries. Alternatively, traders can send an email, and one of the customer support experts will get back to them within 24 hours. Finally, the Help Center provides options to submit requests or engage with the community for further support. These various support channels ensure that clients have access to timely and effective assistance, enhancing their overall trading experience with TradingMoon.

The Credibility of TradingMoon

A broker's credibility is paramount. It's important to consider its regulatory status and reputation. TradingMoon operates under the regulation of the Financial Services Authority in Seychelles. The FSAS is a well-known regulatory authority that regulates various brokers. Nonetheless, having regulations from other top-tier organisations like the FCA, the ASIC, the CySEC, and such regulators would greatly help improve the reputation of TradingMoon. Whale regulations alone are not enough, they are a good indicator of a broker that is willing to operate under the most stringent financial laws and standards.

Final Verdict

TradingMoon aims to provide a user-friendly trading environment with access to a range of instruments and trading platforms. It offers competitive trading conditions, a variety of account types, and multiple trading platforms. With its diverse market offerings, social trading features, and strong customer support, it is well-suited for traders of all experience levels. 

The availability of a demo account, promotions, and flexible leverage options further add to its appeal. However, as a relatively new broker, potential traders should conduct their due diligence and ensure TradingMoon meets their specific trading needs before signing up.

Remember that Forex and CFDs available at TradingMoon are leveraged products.
Their trading can result in the loss of your entire capital.