LunoTrade Website: http://www.mylunotrade.com/
Warned By: Not Recommended By Review Website Like Brokers Complaint
Regulated status: Not Regulated
Read LunoTrade review to know about the warning signs of LunoTrade scams, and how to save yourself from scams like Forex scams Binary Scams, Cryptocurrency scams, Investment scams, Romance Scams, etc.
LunoTrade Review: Introduction
LunoTrade is an online trading platform owned by the MylunoTrade LTD company. The company claimed to be registered in Nigeria, and the website is found at http://www.mylunotrade.com/, but it is currently not in use. No other information is provided by the company, like contact address, contact email, phone number, regulated license, and legal documents. The lack of information is a major red flag and clearly indicates that LunoTrade is suspiciously involved in scam activities. Read a complete LunoTrade Review to know more about this broker.
Luno Trade Review: Regulated license
A broker’s regulated license should always be checked before you begin trading with them. Unregulated brokers usually vanish from the market with your entire investment and do not last very long. They also break trading laws because they are not governed by any rules.
Luno Trade is such a broker that claims to be a legitimate broker, but when you check the website of this broker, you cannot find any clue that proves them to be legit. All the necessary information is missing from their website, raising doubts about whether they are a legitimate broker or an online scam broker. Before investing money in an online trading platform, please check the broker-regulated license on the regulator’s website; otherwise, scam brokers will steal all your hard-earned money. To avoid online scams, you should look at the Forex scams and cryptocurrency scams lists.
How does the Luno scam work? Disadvantages of luno
If you are an inexperienced investor who wants to get into trading, fraudulent brokers like luno coin will find you to be an easy mark. They can contact you in a number of ways, including emails, phone calls, social media platforms, and online advertisements. Scammers might use any scheme or technique to persuade you to make a modest investment. If you make an initial deposit with them, they will continually request further funds for trading. However, scam brokers delay your withdrawal request for some time, and after some time, they freeze your trading account and extract the entire balance from it. But it’s too late when you realize that they are scam brokers and you are a victim of a cryptocurrency scam.
luno review: Customer Feedback and Ratings – luno complaints
Reading customer feedback is essential for those who are looking for a trading platform. We found that LunoTrade broker received a poor rating and a bad review on every other website. The customer trust rating is also low. With this review and reviewing all the other positive and negative LunoTrade reviews, we found that this broker is not legitimate and may be a part of a scam. Brokers Complaint provides a list of scam brokers 2022, which can help you to avoid forex scams, cryptocurrency scams, romance scams, gift-card scams, investment scams, or other online scams.
How can I recover money from a scam broker?
If you are a victim of a LunoTrade broker or any other scam broker, file a chargeback for fund recovery. Fill out a complaint form on our Brokers Complaint website. Our experts will provide you free consultation, and we will guide you in the process of fund recovery.
LunoTrade Review: Conclusion
In our investigation, we found that LunoTrade does not provide information about its regulated license and might also be involved in scam activities. We advise you not to start trading with unregulated brokers; otherwise, you will lose your precious money.
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