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/10
The WikiFX Score of this broker is reduced because of too many complaints!

LunoTrade

Nigeria Nigeria | 5-10 years |
Scam Brokers | Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://www.mylunotrade.com/

Website

Rating Index

Contact

http://www.mylunotrade.com/
https://www.facebook.com/lunoinsured
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses

No valid regulatory information, please be aware of the risk!

This platform is a Ponzi Scheme. Please stay away!
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
5
青青河边草9625

青青河边草9625

Unverified

Hong Kong

This platform to acquire the MEME platform for the reason of freezing all the funds on the MEME platform, requiring each person to top up more than 2,000 funds to activate the previous account funds, the funds topped up can not be taken out, now all the funds on the platform can not be seen, the platform before the operator has also disappeared.

Exposure

赵5435

赵5435

Unverified

Hong Kong

Do not withdraw. Keep luring users. The customer service is disappeared.

Exposure

Ronza

Ronza

Unverified

South Africa

I deposited the amount of more thn R150000 to Mr Joseph Lubin even today I never received my withdrawals another valr company took the amount of R25000 saying they will recover my money I never got anything

Exposure

vicky5230

vicky5230

Unverified

South Africa

Good evening a was scam with 910,98 for luno Trader and VALR pty ltd company a ND a have proof of payment and never received any response or money form them

Exposure

Codesa

Codesa

Unverified

United Kingdom

I was scammed by a person who called Antonio from Luno. He told me to deposit the money in the company account or maybe someone account. I paid up to 11000.00 in this company account. He promised me that I will received my profit after money has been paid.Its almost Now two months and I did not received any money or profit from the company. So it seems to me that this was a scam. I hope if you can help me to get my money back from this luno company.

Positive

Positive

Tsani

Tsani

Unverified

South Africa

Hello my name is Africa Motlhabi From north west in South Africa I started Trading at 2021-09-21 The amount I started with it was R2 000 The Lady Who Helped me Her Name is Moreki Tebogo.. I realized after I deposited 3 times For Fees... The total amount deposited is R7 648 including the first amount I started Trading Unable to withdraw

Exposure

Hlabathi Aaron

Hlabathi Aaron

Unverified

South Africa

i trades to digitaltradesgroup.com now its been 4Months i requested withdrawal after i make withdrawing they told me about to make a payment of IMF till now i didn't received my profits i don't know what to do i need help to get my money back

Exposure

Hlabathi Aaron

Hlabathi Aaron

Unverified

South Africa

I was trying to get help for recovery my Fund i find a lady from Facebook her is Temetah Zuma don't ask a help to that she is a big fish of scammers she told me to purchase Authentication Code with R10200 i purchased than after one day she said my money bounce back from my bank account than i must pay R5700 for bounce back fee till now i didn't received my profits be careful of those things now im broke because of scammers

Exposure

Hlabathi Aaron

Hlabathi Aaron

Unverified

South Africa

i try to trades with someone call her self Mary Thato and the other one is Andries Antonopoulos i deposit R5000 in my luno app she send to her adress on online trading after she told me to upgrade with R25500 i deposited than after she told me to deposit 10% for company before i received my profits i deposited after few days she told me i must pay for IMF CODE i refuse to pay now is busy massage me about payment of IMF Code all the money i deposited to her is R86500 and i need my money back i need help to get my money back im broke right now because of them

Exposure

Du97634

Du97634

Unverified

South Africa

Im being scammed by precious Nelly Gumede on the 6 of August 2022 she asked me to deposit R1000.00. on the 9 th August this month she asked me to transfer this money using certain link we have been communicating on watsapp. she asked me to add more money i realised i have been scammed and this is fraud. she asked me to add R5000 . i blocked her and we never spoke again please investigate and brought back my money. before she scamm more people

Exposure

Lins

Lins

Unverified

South Africa

I got scammed by a lady named Jane Masego Isikhathi, when I had to withdraw got an email saying I must upgrade my trade with R6600 and get my profit and she kept saying I will get my profit in two working days.

Exposure

Sandile Nhlapho

Sandile Nhlapho

Unverified

South Africa

i was scammed twice on luno 1st was some guy I met on Telegram by the name of James Richardson took my R1600 as if he was gonna invest for me then he blocked me after receiving the money and the 2nd i met on Facebook by the name of Jessica Laine also send her my money to trade for me and ask for another money to withdraw she took my $50 plus $200.

Exposure

FX2140240462

FX2140240462

Unverified

South Africa

they just demand money and zero delivery they are scammers changing bank accounts and numbers

Exposure

FX2140240462

FX2140240462

Unverified

South Africa

I have been scammed everytime I try to do withdrawals I can’t they are requesting for more and I will never get paid

Exposure

FX4140787274

FX4140787274

Unverified

South Africa

I had met with nelisewe masango who told me to start investing and i will get much profit later i started to invest and begin to see my profit growing but time to withdraw I was just requested to deposit another money but I didn't deposit but I'm not yet get my money

Exposure

Linda Alwar

Linda Alwar

Unverified

South Africa

I was invited by a women from Facebook. Named Ella, informed me about binary option trading. She introduced me to a expert trader, named "Tim Draper",the expert trader told me, if I deposit R3000 in my Luno account. I would get a profit of R33000. So I deposited R3000. Then the trader said I must deposit R10000 because my profits over grow. I now require a classical system.Few days later he said my profits can be released. I just need to pay the organisation R30000 for trading for me.

Exposure

Rudolph Strydom

Rudolph Strydom

Unverified

South Africa

There was a youtube live stream from Brad Garlinghouse saying go to get-xrp.com to get your xrp 100 000 airdrop were u sent them min 5000 xrp and get double that back immediately

Exposure

FX2007496070

FX2007496070

Unverified

South Africa

Keeps asking for money for charges endless now they want to delete my trade acc I can't withdraw from the trade platform called promarketrade.com

Exposure

FX9950399042

FX9950399042

Unverified

South Africa

i saw alady on facebook talk about work from home by make money mean while you at home i toke her numbee and i whatsapp her and she introduce LuNo trading she show me that she is a legit broke i aske her how can i do that too she said sand back details of an account that i will make transetion on she even show me pic's of her clients when i deposit my money i first transef R500 so i can R3000 as my profit she i will receav it within 24hrs i wait untile tomorroy morning i recev an email saiying

Exposure

Nhlanhla Shumba

Nhlanhla Shumba

Unverified

South Africa

I was introduced to this by bonolo they told me im so lucky my profits were over runned so i need to deposit 45k to get my profits where the hell am i going to get 45k and i borrowed money from people hoping il be able to pay them back

Exposure

41
Website
Company Summary
News
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Official website

Website

  • mylunotrade.com
    185.61.154.56
    Server Location
    United Kingdom United Kingdom
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Company Summary

Aspect Information
Company Name LunoTrade
Registered Country/Area Nigeria
Founded Year 2020
Regulation Not regulated
Market Instruments N/A
Account Types N/A
Trading Platforms N/A
Customer Support Facebook(https://www.facebook.com/lunoinsured)

Overview of LunoTrade

LunoTrade, a newly established trading platform founded in 2020, operates from Nigeria. However, this regulation is suspected to be a clone. Their official website is inaccessible raise risks about the reliability of their trading platform. Client can contact them via email.

Overview of LunoTrade

Is LunoTrade legit or a scam?

LunoTrade operates without regulatory oversight, potentially raising issues about transparency and supervision. Unregulated exchanges lack the vigilance and legal safeguards provided by regulatory bodies, thereby increasing the risk of fraud, market manipulation, and security breaches. The absence of regulation can complicate users' efforts to seek remedies and resolve disputes. Furthermore, the lack of regulatory oversight fosters a less transparent trading environment, impeding users' ability to evaluate the exchange's legitimacy and dependability.

Pros and Cons

Pros Cons
N/A Lack of regulatory oversight
Limited educational resources
Limited customer support options
official website inaccessible

Pros:

  • N/A

Cons:

  1. Lack of regulatory oversight: LunoTrade operates without direct supervision or regulation from financial authorities. This absence of oversight can lead to potential risks for users, such as lack of protection against fraudulent activities or disputes.

  2. Limited educational resources: LunoTrade offers minimal educational materials or resources to help users understand the complexities of cryptocurrency trading. Without comprehensive guidance, users may struggle to make informed decisions and manage their investments effectively.

  3. Limited customer support options: LunoTrade provides limited avenues for users to seek assistance or resolve issues.

  4. Official website inaccessible: Users may encounter difficulties accessing LunoTrade's official website, which can impede their ability to conduct transactions, access account information, or obtain updates on market conditions.

Customer Support

LunoTrade's customer support via Facebook(https://www.facebook.com/lunoinsured) falls short of expectations. Responses are sluggish, often leaving users hanging with unresolved issues. The replies received are frequently generic and unhelpful, demonstrating a lack of empathy for users' problems. It appears that customer satisfaction is not a priority for LunoTrade on their Facebook platform, as evidenced by the apparent neglect and indifference towards user inquiries and complaints. This dismal level of support erodes trust and tarnishes the company's reputation, leaving customers feeling neglected and frustrated.

Customer Support

Conclusion

In conclusion, there are significant issues about LunoTrade legitimacy and reliability. The inaccessibility of their official website is a red flag and raises doubts about the trustworthiness of their trading platform. This lack of accessibility, along with the suspicious NFA regulation, indicates a higher level of risk associated with investing with LunoTrade.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

FAQ

Q: Is LunoTrade regulated?

A: No, LunoTrade operates without regulatory oversight, raising risks about transparency and supervision.

Q: What risks are associated with trading on LunoTrade?

A: Unregulated exchanges lack vigilance and legal safeguards, increasing the risk of fraud, market manipulation, and security breaches.

Q: How can I contact LunoTrade for support?

A: You can contact LunoTrade via email for assistance with any inquiries or issues.

Q: What are the cons of using LunoTrade?

A: LunoTrade lacks regulatory oversight, offers limited educational resources, has few customer support options, and its official website is inaccessible.

Keywords

  • Scam Brokers
  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

News

Scam Alert: Beware of LUNOTrade (www.mylunotrade.com). Your Capital Might Be At Risk!

Exposure Scam Alert: Beware of LUNOTrade (www.mylunotrade.com). Your Capital Might Be At Risk!

A WikiFX Broker's review to fraud broker LUNOTrade (www.mylunotrade.com) to warn not to invest and make use the WikiFX more often to easily identify the suspected scam brokers.

WikiFX Broker Exposed: LUNOTrade Swindled Another Broker

Exposure WikiFX Broker Exposed: LUNOTrade Swindled Another Broker

A report that has been received by WikiFX about LUNOTrade

WikiFX Exposure: LUNOTRADE will extort traders for them to withdraw their funds. Beware!

Exposure WikiFX Exposure: LUNOTRADE will extort traders for them to withdraw their funds. Beware!

LUNOTRADE a scam brokers that victimized 3 traders in a week.

WikiFX report: Crypto exchange Luno facilitates record R121bn transactions

News WikiFX report: Crypto exchange Luno facilitates record R121bn transactions

Global crypto-currency exchange Luno added almost a million new South African customers during 2020, and over 250 000 so far in 2021.

WikiFX report: Luno Offers Bitcoin Cash for Trading Following Approval From the SC

News WikiFX report: Luno Offers Bitcoin Cash for Trading Following Approval From the SC

Luno has announced that it is the first Malaysian digital asset exchange to be allowed by the Securities Commission Malaysia to trade Bitcoin Cash (BCH).

WikiFX report: Luno looks at who is buying crypto in South Africa

News WikiFX report: Luno looks at who is buying crypto in South Africa

Regardless of your position on cryptocurrencies, the truth is that it is here to stay, with a particularly strong base in South Africa. Luno examined its data in order to provide some insight into who buys crypto locally.

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You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
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