Lunboux-Overview of Minimum Deposit, Leverage, Spreads

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.

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.