Score

1.40 /10
Danger

LunoTrade

Nigeria

Scam Brokers

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Add brokers

Comparison

Quantity 40

Exposure

Open Account
Website

Score

License Index 0.00
Business Index 6.17
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

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

MylunoTrade LTD

Company Abbreviation

LunoTrade

Platform registered country and region

Nigeria

Company website

Facebook

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2023-03-26
  • 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!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Pyramid scheme complaint
Expose

News

ExposureScam 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
2023-01-06 10:47
Scam Alert: Beware of LUNOTrade (www.mylunotrade.com). Your Capital Might Be At Risk!

ExposureWikiFX Broker Exposed: LUNOTrade Swindled Another Broker

A report that has been received by WikiFX about LUNOTrade

WikiFX
2022-09-05 15:26
WikiFX Broker Exposed: LUNOTrade Swindled Another Broker

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

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

WikiFX
2022-08-15 16:30
WikiFX Exposure: LUNOTRADE will extort traders for them to withdraw their funds. Beware!

NewsWikiFX 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
2022-05-17 16:33
WikiFX report: Luno Offers Bitcoin Cash for Trading Following Approval From the SC

User Reviews

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User comment

8

Comments

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漫步前行
more than one year
Please do not invest your money in this broker. The withdrawal facility is off since last year. You can see many traders have encountered the problem of being unable to withdraw. This entity is illegal!! Stay away!!
2023-02-27 14:43
Reply
0
0
SOULJABOY
3-6months
I ONCE SCAMMED BY SOMEONE WHO SAID HE WILL HELP ME TO TRADE
2022-12-21 18:23
Reply
0
0
กุ้ง บจร
3-6months
We will check by ourselves in each account whether it is true or not.
2022-12-09 16:21
Reply
0
0
FX2128551572
3-6months
Rise/Fall 8 ticks 10.00 USD Stake Win payout if exit spot is also equal to entry spot. Rise Payout 19.54 USD Fall Payout 19.53
2022-12-02 20:24
Reply
0
0
vicky5230
3-6months
Have long been take to get my money profits
2022-10-30 12:47
Reply
0
0
vicky5230
3-6months
A was investigating money in luno account and VARL pty ltd a was scams 910,98
2022-10-27 19:47
Reply
1
0
vicky5230
3-6months
A was scam with 910,98 with luno company and VALR pty ltd company with 910,98 Tracey say to me a much deposit money them in Standard bank account but never received any response from them or my money back to for them its more 6 months now
2022-10-26 03:37
Reply
0
1
Codesa
3-6months
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.
2022-10-21 11:59
Reply
2
1
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