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Lunar.trade Review: Scam or Legit?

Lunar.trade claims to be an online trading platform, but numerous red flags have surfaced indicating it may be a scam. In this comprehensive review, we’ll explore the details surrounding lunar.trade using various reputable sources.

Company Overview

Company Name: Lunar.trade
Website: lunar.trade
Registered Country: Unknown
Regulation Status: N/A
Operating Since: N/A
Trading Platforms/Methods: N/A
Leverage Offered: N/A
Minimum Deposit/Deposit Bonus: N/A
Available Assets to Trade: N/A
Demo Account Availability: N/A
Customer Support Contact Methods: N/A

Red Flags Indicating It is a Scam

  • Lack of regulatory information and unclear operational status.

  • Reports of withdrawal issues and difficulty in obtaining funds.

  • No verified user reviews or testimonials available online.

  • Presence of numerous online complaints without resolution.

  • Unrealistic marketing promises and return expectations.

License and Regulatory Issues

Upon searching through multiple financial regulatory bodies such as FCA, SEC, ASIC, and FINMA, there is no evidence that lunar.trade is registered or regulated. Additionally, ScamAdviser indicates a low trust score for the website, which raises significant concerns regarding its legitimacy and operational practices.

User Feedback

The feedback from various online sources presents a predominantly negative sentiment towards lunar.trade. Users have voiced issues related to withdrawal delays and lack of customer service support. Overall, the absence of positive reviews suggests that potential investors should proceed with caution. Relevant themes in complaints include:
  • Withdrawal issues reported by several users.

  • Difficulty in reaching customer support.

  • Absence of any reliable endorsement or verification.

Deposit and Withdrawal Methods

The deposit and withdrawal methods used by lunar.trade remain largely unknown, with many reports highlighting issues in fund retrieval once deposited. Instances of denied withdrawals and excessive delays are common complaints among users. Overall, due to insufficient data, we mark this section as N/A.

Why Unregulated Brokers Are Risky

Unregulated brokers like lunar.trade can pose severe risks to investors, including a lack of protections for funds, no formal dispute resolution mechanisms, and exit-risk patterns. Investors may find their funds at high risk without recourse in situations of potential fraud or mismanagement.

How Can “ReviewsAdvice” Help You If You Get Scammed?

Unfortunately, recovering funds lost to a scam can be challenging. However, “ReviewsAdvice” can help by:
  • Raising awareness: By exposing potential scams, we can help others avoid similar pitfalls.

  • Providing resources: We offer guidance on identifying fraudulent brokers and reporting scams to relevant authorities.

  • Actionable support: We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report your case here for assistance.

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William Pewitt

William Pewitt is an experienced forex broker reviewer, dedicated to helping traders navigate the complex world of currency exchange. With a sharp eye for detail and years of experience, I try to provide concise and insightful assessments of various forex brokers. My reviews offer valuable guidance, helping traders make informed decisions about their investments.

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