In the rapidly evolving world of cryptocurrency trading, potential investors must thoroughly research platforms before committing their funds. In this review, we will delve into lunar.trade, analyzing its legitimacy, operational practices, and user experiences.
Company Overview
| Company Name: | Lunar Trade |
| Website: | lunar.trade |
| Registered Country: | Iceland |
| Regulation Status: | Unregulated |
| Operating Since: | 2025 |
| Trading Platforms/Methods: | Web-based |
| Leverage Offered: | N/A |
| Minimum Deposit/Deposit Bonus: | N/A |
| Available Assets to Trade: | Cryptocurrencies |
| Demo Account Availability: | N/A |
| Customer Support Contact Methods: | N/A |
Red Flags Indicating It is a Scam
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Unregulated platform with no oversight from financial authorities.
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Lack of transparency in operational practices and fees.
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Reported issues with withdrawals from users.
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No clear contact information for customer support.
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Negative reviews and complaints found on multiple forums.
License and Regulatory Issues
After conducting a search through various regulatory bodies like the FCA, SEC, and ASIC, lunar.trade appears to be unlicensed and does not hold any regulatory approval, which raises significant concerns for potential investors. Furthermore, ScamAdviser has rated lunar.trade with a low trust score, indicating a high risk of potential scams associated with the platform.User Feedback
User feedback on lunar.trade has been predominantly negative, with many users reporting difficulties in withdrawing their funds and receiving insufficient support from customer service. Common themes in user complaints include:-
Withdrawal delays and denials.
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Unresponsive customer support.
Deposit and Withdrawal Methods
Information regarding deposit and withdrawal methods for lunar.trade is currently unavailable. However, users have expressed concerns regarding withdrawal issues, including reported delays and outright denials when attempts are made to access funds.Why Unregulated Brokers Are Risky
Investing with unregulated brokers like lunar.trade carries significant risks, including a lack of investor protections, no recourse for disputes, and the potential for sudden exit scams. Without regulatory oversight, traders are vulnerable to losing their investments without any means of recovery.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.
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Providing resources: We offer guidance on identifying fraudulent brokers and reporting scams to relevant authorities.
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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.
