Lunarmasters is a Contract for Difference (CFD) broker whose official website domain was registered on November 28, 2023. This broker primarily provides investment services in trading markets including forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services in countries and regions where it could violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the official website of Lunarmasters (www.lunarmasters.live) shows that the broker is registered in the United States, with website copyrights belonging to LUNARMASTERS LTD. The broker claims to be regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).
However, after verification, the Financial Industry Regulatory Authority (FINRA), the U.S. Securities and Exchange Commission (SEC), the National Futures Association (NFA), the FCA, and ASIC did not have any record of a regulated company named "Lunarmasters".
Therefore, Lunarmasters (www.lunarmasters.live) is essentially a fraudulent broker website with no corporate entity or any regulatory oversight.
Account Opening Procedure
The account opening process at Lunarmasters involves visiting their official website, clicking on “Open Account” on the homepage or “SIGN UP” at the upper right corner of the webpage, filling in personal information such as name and email, setting a login password, and then submitting the form. After verification, the account can be successfully registered.
Trading Products
Lunarmasters offers a variety of trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies and is known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can uncover diverse trading opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading covers key global market resources, allowing traders to buy and sell a variety of raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in price fluctuations and dividends of public companies based on their performance without actually owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts opportunities to profit from high-volatility assets.
Investment Plans
Lunarmasters offers four different types of investment plans: Basic account, Classic account, Platinum account, and Forex Signal Subscription.
Basic account:
- Minimum deposit: $500
- Minimum expected profit: $4,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
Classic account:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
Platinum account:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full benefits package
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
Forex Signal Subscription:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin-only payments
- Compatible with any broker
Trading Platform
Lunarmasters claims to offer the MT4 trading platform, with deep liquidity, leverage up to 1:500, and the industry's best spreads. However, there is no record of a broker named Lunarmasters on the MT4 trading platform.
Deposits and Withdrawals
Lunarmasters claims to support deposits and withdrawals via debit card, wire transfer, electronic check, or check deposits on its homepage. However, on the "FAQ" page, it states that it does not support multiple deposit methods including credit/debit cards and bank wire transfers, only accepting cryptocurrency for deposits and withdrawals.
Conclusion
Traderknows reminds investors that lunarmasters is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
