Abstract:Luno TradeFx is allegedly a legal company registered in the USA and Panama. It also claims that it is an automatic online investment platform, part of Luno TradeFx – team of professional traders focusing mainly on Bitcoin and other cryptocurrencies, providing an innovative trading platform and investment services to the clients all around the world.
General Information
Luno TradeFx is allegedly a legal company registered in the USA and Panama. It also claims that it is an automatic online investment platform, part of Luno TradeFx – team of professional traders focusing mainly on Bitcoin and other cryptocurrencies, providing an innovative trading platform and investment services to the clients all around the world.
Market Instruments
Luno TradeFx advertises that it offers trading over multiple exchanges and markets, mainly on tradable assets like Bitcoin and other cryptocurrencies.
Account Types
Instead of account types, Luno TradeFx provides four different mining plans – Beginner (24h), Pro (2 days), Gold (3 days) and Ultimate (3 days) with the minimum initial deposit requirements of $500, $1,000, $5,000 and $10,000 and the maximum deposit amount of $10,000, $30,000, $100,000 and unlimited.
Commissions
Luno TradeFxs official website shows that it offers 2 level referral commissions. The first level gives a referral commission of 4%, while the second level is only 1%. The broker also claims that if someone registers through your referral link, he automatically becomes your referral and you will receive 4% referral commission for every deposit that your direct referral makes from his wallet.
Deposit & Withdrawal
We can‘t find anything about deposit and withdrawal methods on Luno TradeFx’s official website in the absence of login, instead, the site shows that this broker offers instant withdrawal and there is no minimum withdrawal, no fee for withdrawals of hourly interest as well.
Customer Support
Luno TradeFx‘s customer support can be reached through live chat or send messages at https://lunotradefx.com/. However, this broker doesn’t provide any more direct contact information about phone number, email and company address while most brokers offer.
Saxo Bank launched an attractive promotion for new clients that offers zero commission trading on transactions for the 100 most popular US stocks. This campaign began on September 17, 2024, and runs until December 31, 2024. It aims to attract clients who want to invest without paying trading costs.
MetaQuotes now offers Nasdaq real-time tick data in MetaTrader 5. Subscribe for accurate market analysis, improved trading strategies, and flexible subscription plans.
Federal Reserve Cuts Rates for the First Time in Four Years. On September 18, Bank of America Global Research revealed an upward adjustment in its forecast, expecting the Federal Reserve to implement a total of 75 basis points in rate cuts by year-end.
The Federal Reserve’s decisions to raise or cut interest rates are among the most influential drivers of market activity, particularly in the forex and cryptocurrency markets. Understanding the impact of rate changes is crucial for market participants, as it helps them anticipate potential movements and adjust their strategies accordingly.