LunoFX Review – Is Scam or a Legit trading Broker?

In this review, you'll learn how you can evaluate a trading firm so you can work with them for a better future in trading as well as tell you my opinion about LunoFX.

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One of the most striking things in online trading is the very existence of online trading service providers whose job is to make trading look easy and accessible to all. Since there are innumerable online brokers, you may be unable to shortlist them conveniently which is why you can seek guidance from this LunoFX review.

In this review, I will tell you how you can evaluate a trading firm so you can work with them for a better future in trading.

LunoFX Review – Is Scam or a Legit trading Broker?

Generally, I start looking at brokers from three main aspects namely the service provider’s accessibility, account choices, assets of trade, and trading ancillaries like tools and other resources. Here is my take on one of the most exciting online trading platforms these days.

Enormous Convenience with Platform’s Accessibility

I have seen most of the brokers relying on third-party apps and software for the purposes of accessibility. As a result, the person trying to access the platform has to take many steps before finally being able to access the platform.

For instance, accessing a broker may require downloading third-party software. Of course, you would never be asked to download any software or use a particular device for accessing the platform of trading firm.

You can access the broker’s services through a laptop or desktop PC. Your Android-based mobile phone would also let you access the platform. The reason behind this convenience is because the broker’s platform is a desktop-based platform.

In addition to convenient access, you will also find enormous convenience while using the platform because it provides a user-friendly interface.

Account Choices and Easy Activation

I pay extra attention to the trading accounts of a trading firm. Based on my experience, I can easily tell that the majority of them provide either one or two/three types of accounts. While in the case of the Luno FX broker platform, I saw a number of accounts beginning from learner accounts to the most advanced accounts.

What you are going to like about LunoFX trading firm is that the funding requirement against each account is well within the reach of the majority of traders. For example, a basic account can be made operational by funding a few hundred dollars in it.

If I talk about the account funding process, then that too I found very convincing because you can fund the account via the banks or e-payment apps or through debit/credit card and even via the crypto wallets.

Trading Markets and Instruments

Let us now move on to the third important aspect of a reliable service provider in my review i.e. the choices in assets and markets of trade. I have learned that the LunoFX broker platform is offering its services in various countries and to hundreds of thousands of global traders.

I also noticed that it brings opportunities for trading from around the globe and from all major asset classes such as stocks, forex, indices, commodities, and cryptocurrency trading markets.

If you are interested in stocks, I have seen this broker’s traders trading stocks pertaining to Apple Inc., HP, Amazon, Microsoft, Tesla, etc. I am sure you can fulfill your dream of trading Bitcoins if you decide to join this service provider.

Plenty of Tools

I believe that without proper tools and resources, a service provider will not be able to provide the best services and will eventually fail. To me, the tools play an important part in efficient and profitable trading.

Furthermore, understanding the tools is as important as having the proper tools. While exploring the LunoFX broker platform, I saw plenty of tools that I found most relevant and proper.

For instance, you will be able to obtain market insights while examining market strategies, smart charts, market updates, trade alerts/signals, news alerts, etc. There are also tools that can protect you against possible losses namely risk management tools.

The trading firm has come up with many educational resources. These resources help you magnify your trading techniques. You can access e-books on trading, trading terms, video tutorials, webinars as well as one-on-one training options through this platform.

If this is not enough for you, I can also recommend the following blog, you will find a lot of useful information there.

Is Scam or Legit?

There is no denying that there are some brokers who are scamming people but LunoFX trading is not one of them.

I found it genuine and most authentic when I closely looked at its compliance adherence with the laws and global policies like AML and KYC. Based on my findings about this firm, I can say that is a highly legitimate service provider.

Final Thoughts

I am sure you are just a single click away from becoming a trader and starting a journey of exploring your hidden potential. I hope my LunoFX review will assist you in accomplishing your objectives.

You can always reach higher goals if you continue trading in a professional and highly efficient environment. This firm is known for being professional and I’m sure it will prove to be a fine choice.


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