WikiFX Broker Exposed: LUNOTrade Swindled Another Broker

As we all know, online trading has become an alternative means to generate money since it may yield a substantial return if you have the necessary trading abilities. However, a lot of fraudsters are now conducting business in the market since a lot of traders are now risking their money to make more money in trading.

About LUNOTrade

LUNOTrade is an unregulated online trading platform that provides crypto trading with the best trading opportunity you can get in the industry, like many crypto brokers do. This broker has not claimed to be regulated by a specific regulatory organization, which raises the question of why this broker may do business in the market.

According to one example submitted to WikiFX, LUNOTrade, an unlicensed broker, defrauded one of its investors.

According to a tip made to WikiFX by an investor called Nick, he has invested at LUNOtrade to try his hand at trading. Then a woman called Carin Bowman claimed to work with LUNOTrade and assisted Nick in depositing some Bitcoins. Nick made an initial investment of 1,560.00 ZAR and a subsequent deposit of 3,350.00 ZAR. Carin then offered Nick a one-time 30% verification fee. He has just deposited the sum of ZAR 4,910.00. Clarin was nowhere to be found when Nick sought to withdraw part of his money.

This is one of those scenarios that are uncertain, particularly if we are working with unregistered brokers.

About WikiFX

Wikifx is a platform for searching worldwide company financial information. Its primary duty is to give the included foreign exchange trading organizations with basic information searching, regulatory license seeking, the credit assessment, platform identification, and other services.

Wikifx has created a big data solution that unifies data gathering, data screening, data aggregation, data modeling, and data productization using public data from government agencies, sophisticated sniffer systems, and scientific computer algorithms. Wikifx may then assess the supervision and risk levels of the associated organizations across several dimensions and give matching security solutions to individual users, corporate users, and government agencies.

How can we prevent this occurrence？

Making certain that the broker's regulatory status is regulated is one of the most significant aspects of searching for the best broker. It is licensed to operate and has received positive feedback from its traders. The WikiFX app will assist traders by giving them a list of reputable brokers with whom to invest. It is also an app that displays complaints from merchants all around the world.

An example of a complaint that was submitted to WikiFX

Last words

LUNOTrade will only accept your money and will become unstoppable if the transaction is completed correctly. This is a prevalent practice with fraudster brokers. Don't be swayed by a broker's trading opportunity. Register with a licensed broker.

Check out the LUNOTrade dealer page on WikiFX: https://www.wikifx.com/en/dealer/2198507124.html

Stay tuned for more scam news.

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