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

Lunboux

Hong Kong|2-5 years|
High potential risk|

https://lunboux.com/en/

Website

Rating Index

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

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Broker Information

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Company Name

Lunboux Limited

Abbreviation

Lunboux

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-11
  • 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!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Lunboux · WikiFX Survey

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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

Review 17

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