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

Lunboux

Hong Kong|2-5 years|
MT5 Full License|Regional Brokers|High potential risk|

https://lunboux.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
LunbouxLimited-Server MT5
Server Location United Kingdom

Contact

https://lunboux.com/en/
RM12, 19/F, Ho King Comm Ctr, 2-16 Fayuen St, Mongkok, Kowloon,Hong Kong
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Lunboux Limited

Company Abbreviation

Lunboux

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to Withdraw

Dishonest company that don't allow withdrawal

They are dishonest and rude once they find out you won't be giving them any more money. In my case, they cut me off from my account after investing over $70,000 and blocked my emails & messages I filed a fintrack .org class action complaint and had my deposit sent directly into my wallet alongside the profit that was gained on my account as a result of the trading activities that were being carried out secretly using my principal.

2022-06-17 13:47
Scam

Scam and does not allow withdrawals

2 months ago, someone introduced and invited me to participate in forex investment. Since I am a newbie, I do not understand the forex market very well. But seeing how they make money, I agreed to participate. There is a support on Telegram asking me to provide personal information to open an account at BKYHYO exchange and I have deposited $1000 investment. But transfer money to another person, not deposit money on the exchange. In the last 1 month, they changed the name of the floor twice to GRAND SIGNAL MARKETS and LUNBOUX LIMITED. All brokers do not have a business license. I entered the trade and made a profit. Currently my account has 5990$. Suddenly the Telegram account of the support and the person who invited me to join at first was locked. Can't login on MT5 platform, can't find Lunboux Limited exchange name on MT5. I noticed instability so I made a withdrawal request on lunbouxltd.com. It's been 48 hours and still no approval for my withdrawal. This is a sophisticated deceptive process. Please help me get the money

2022-09-11 13:32

    Lunboux · Company Summary

    basic-info

    General Information

    Registered in Hong Kong, Lunboux claims to be an online forex and CFD broker providing traders a series of trading instruments including 62 currency pairs and precious metals.

    Lunboux is owned and operated by Lunboux Limited, a Hong Kong-based company.

    Lunboux is not authorized or regulated by any regulatory authorities to conduct forex and CFD trading services. Please be aware of the risk involved.

    Market Instruments

    Lunboux hypes that traders can trade over 72 classes of trading assets, including Foreign Exchange, Metals, Commodities, Gold, Silver and CFD products through MetaTrader 5 and cTrader.

    Five classes of trading assets, including Forex Pairs, Indices, Commodities, Treasuries, Equities are all available through the 4T brokerage platform.

    How to open an account with Lunboux

    Both live and demo account can be opened easily with the Lunboux platform. A demo account is here for beginners to get a feel of this platform and practice their trading skills. To open a live account, a few steps are listed below:

    1. Click on the “OPEN AN ACCOUNT” link on the homepage of the Lunboux website.

    account

    2. Fill in some required details and upload your personal document for verification.

    3. After approval, your account will be registered successfully.

    4. Fund your account and start to trade on this platform.

    Spreads & Commissions

    Lunboux advertise that it offers competitive spreads, as low as 0.1 pips. However, further spread details are not disclosed.

    Leverage

    When it comes to leverage, Lunboux permits traders to use leverage of up to 1:300, which is significantly higher than the levels regarded appropriate by many regulators.

    Bear in mind that high leverage is not necessarily the good thing, as it can magnify gains as well as losses.

    Trading Platform

    Lunboux offers its clients the access to popular MT5 trading platform that can be available for Desktop, Mobile and Web terminals.

    Traders can quickly analyze market activity, place trades, and integrate automated systems thanks to this powerful platform's convenient workspace (Expert Advisors). Everything you need to begin trading on the financial markets, including all of the above features, is available in a single, convenient interface.

    Customer Support

    Traders with any inquiries or trading-related issues can get in touch with Lunboux through the following channels:

    • Whatsapp

    • Email

    • Line

    Risk Warning

    There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

    The information presented in this article is intended solely for reference purposes.

    News

    WikiFX Broker's Lunboux (lunboux.com) Review - Exposure Revealed

    NewsWikiFX Broker's Lunboux (lunboux.com) Review - Exposure Revealed

    2022-06-17 16:19

    We're not sure who Lunboux Limited is attempting to dupe — this is a fraud, and everything in the broker's whole presentation confirms it. We couldn't even see large portions of the website, and we couldn't create an account, which meant we couldn't learn anything about Lunboux Limited. What we can say is that the broker is unregulated, which makes them potentially harmful.

    WikiFX
    2022-06-17 16:19
    News
    WikiFX Broker's Lunboux (lunboux.com) Review - Exposure Revealed

    User Reviews

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    3

    Comments

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    FX1172482772
    more than one year
    VERY BAD! DO NOT ANSWER! DO NOT INVEST! Their website is unavailable... Without a doubt, Lunboux is probably a scam company, don't trust them even if you would like!
    2022-12-13 18:24
    Reply
    0
    0
    天天向上82717
    more than one year
    I was totally scammed by this broker, and they didn’t let me withdraw my money. I still have $1,289 in my trading account! Waiting so long, they haven’t given me any reasonable explanation!
    2022-12-09 17:54
    Reply
    0
    0
    Quân6812
    more than one year
    These scammers have fooled so many people, I have been scammed out of 35,000 USD
    2022-10-23 21:31
    Reply
    0
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