Lugano Trade
Zusammenfassung：Established in 2021 and registered in Switzerland, Lugano Trade is a forex broker, offering various market instruments on cryptos, forex, commodities on the MT4 platform. However, Lugano Trade operates without regulatory oversight from any reputable financial body.
Note: Lugano Trade's official website: https://www.luganotrade.com is currently inaccessible normally.
| Lugano TradeReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Switzerland |
| Regulation | Unregulated |
| Market Instruments | Cryptos, forex, commodities |
| Demo Account | ✅ |
| Leverage | 1:1000 |
| Spread | / |
| Trading Platform | MT4 |
| Min Deposit | $2 500 |
| Customer Support | Tel: +44 (0) 131 608-0839 |
| Email: Support@LuganoTrade.com | |
Established in 2021 and registered in Switzerland, Lugano Trade is a forex broker, offering various market instruments on cryptos, forex, commodities on the MT4 platform. However, Lugano Trade operates without regulatory oversight from any reputable financial body.
Pros and Cons
| Pros | Cons |
| Demo accounts | Unregulated status |
| Multiple account types | Inaccessible website |
| MT4 suppported | Limited trading assets |
| Popular payment options | Extremely high minimum deposit |
| No deposit fees | Withdrawal fee charged |
| Inactivity fee charged |
Is Lugano Trade Legit?
No, Lugano Trade is not regulated currently. Please be aware of the risk!
What Can I Trade on Lugano Trade?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Cryptos | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Lugano Trade offers 4 different account types – Silver, Gold, Platinum and Diamond. The minimum initial deposit for the Silver account is $ 2,500. This is outrageously high. The other accounts also have high initial deposits – $10,000, $50,000 and $100,000 respectively.
| Account Type | Min Deposit |
| Silver | $ 2,500 |
| Gold | $10,000 |
| Platinum | $50,000 |
| Diamond | $100,000 |
Moreover, Lugano Trade offers a demo account.
Leverage
Lugano Trade offers leverage of 1:1000 for traders. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
The trading software that Lugano Trade offers to its clients is the MetaTrader 4 platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Clients of Lugano Tradex may deposit or withdraw via wire transfer, VISA, MasterCard, Skrill, Neteller, Fasapay and Load.
| Payment Method | Min Deposit | Deposit Fee | Withdrawal Fee | Deposit Processing Time |
| Wire transfer | 250 EUR/USD | ❌ | 0.5% except in cases where this percentage equals or is below $30 | 2-15 business days |
| VISA, MasterCard, Skrill, Neteller, Fasapay and Load | 50 EUR/USD | ❌ | Instant or up to 30 minutes |
Fees
If the trader‘s account stays inactive for 3 months (91 days), then an inactivity fee of 30 EUR/USD/GBPwill be applied or 1% of client’s total deposit amount whichever is greater.
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