About LunoTrade
Overview
LunoTrade is a forex broker registered in the United Kingdom, established on 26 April 2022. The company operates under the official domain lunotrade.ltd and is headquartered at 309, New Cavendish St, London EC1Y 3WK. According to the public record, LunoTrade does not hold any financial regulatory licence, which is a significant point of caution for prospective traders.
Despite its UK incorporation, the absence of regulatory oversight from authorities such as the Financial Conduct Authority (FCA) means that client funds and trading activities are not subject to the protections typically afforded by a regulated broker. Traders should be aware that this lack of supervision introduces elevated risks.
Account Types
LunoTrade offers four distinct account tiers designed to cater to different capital levels. The BASIC account requires a minimum deposit of $100, making it the most accessible entry point. The STANDARD account starts at $750, while the PREMIUM account demands a minimum of $5,000. At the top end, the ULTIMATE account requires a substantial minimum deposit of $15,000.
The maximum leverage for each account type is not disclosed in the available records. This omission leaves traders without critical information needed to assess risk exposure. Typically, unregulated brokers may offer very high leverage, but in this case, the details are simply absent.
Regulatory Status
LunoTrade is not regulated by any known financial authority. The broker registration in the United Kingdom does not equate to an FCA licence, and no other regulatory body is listed on file. This is a critical factor for any trader considering this broker.
Without regulatory oversight, there is no independent mechanism to ensure fair trading practices, segregation of client funds, or recourse in the event of disputes. Industry databases confirm the lack of verifiable regulatory credentials, reinforcing the cautious view adopted in this profile.
Trading Instruments and Platforms
The known facts do not provide any information on the trading instruments that LunoTrade offers. It is unclear whether the broker provides forex pairs, indices, commodities, cryptocurrencies, or CFDs. Similarly, the trading platform (e.g., MetaTrader 4/5, proprietary software) is not specified.
Given the limited public data, traders are advised to seek direct clarification from the broker before committing funds. The absence of such fundamental information is itself a red flag for an online trading service.
Deposits and Withdrawals
No details regarding funding methods or withdrawal policies are available in the official records. Common payment options for brokers include bank transfers, credit/debit cards, and e-wallets, but LunoTrade has not disclosed its specific offerings.
Reliable deposit and withdrawal processes are essential for a smooth trading experience. Without this information, clients may face unexpected delays or restrictions. As with other missing details, traders should exercise caution.
Risk Assessment
FXCanary's Scam Risk Score for LunoTrade is 75 out of 100, categorised as 'Severe'. This score reflects the complete absence of regulation, limited public information, and the broker's recent inception in 2022.
High-risk scores indicate that the broker presents significant potential for financial loss due to lack of oversight, transparency, and protections. Traders are strongly urged to consider fully regulated alternatives before engaging with LunoTrade.
Overview compiled by FXCanary from regulatory records and public data. full LunoTrade review