LunoPay Review – Cryptocurrency Investment SCAM!

LunoPay is an alleged cryptocurrency trading solution. It boasts of generating returns ranging from 120% to 3000% within a month. If you are a veteran trader, then you already know that the claims are just bogus.

After we did a little bit of digging, the facts proving that, this whole platform is a scam became crystal clear. Moreover, there is no information about the creators of this  firm as well.

Lack of transparency and illegality of their operational model is just the tip of the iceberg. Join us in this detailed review to find out all of their filthy agendas and know why you should never indulge with them at any cost.

Regulation and Support Information

All the proprietary money management services should be regulated in the UK. If we consider history as a guide, you will quickly realise that, if you ever do business with unregulated offshore companies, it’s always risky.

LunoPay claims to be a regulated entity, but the facts clearly shows otherwise. We went through the database of the FCA and just like we anticipated, there was no details about this investment firm.

So, it is obvious that, we are dealing with a scam. If you ever get stuck with them and need assistance from their side, then it will be an annoying task. The support team will interact with you as long as you are willing to deposit.

Once they get hold on your money, they simply do not care. Isn’t this kind of unethical behaviour borderline criminal? Below is the list of contact details of their support team.

Address – 48 Warwick Street, London, W1B 5AW, United Kingdom.

Email – support@luno-pay.com

Phone – +442039368123

How does LunoPay Work?

The answer to this question is vague. They are alleged to be involved with cryptocurrency trading and are said to be relying on experienced professional traders. There is no in-depth information other than this one line answer.

Trading appears deceptively easy, but it is not the quickest way of making money. Just like most of the rewarding careers, trading also requires certain efforts and determination from the candidates. Moreover, we do not even know anything about their strategy.

We do not know what their maximum drawdown is over the years and there is no tangible proof to support any of their claims. Even the names of the traders are unknown. So, on what basis can we trust them with our money?

Day trading the crypto is a way of earning livelihood for many traders, but it is not a mystical way of procuring wealth, right? Do not fancy those high returns instead understand that once you send them your money, it’s gone forever.

Investment Plans and Profits

There are 4 investment plan offered by this fraudulent firm. The return on investment ranges from 120% after 1 day all the way up to 3000% after 3 days. If you have any exposure to the financial world, then you already know that these claims are nothing more than a telltale story.

Most of the retail traders look for easy money making solution, but remember to walk away when things are seemingly too good to be true. Here are the plans they advertise.

Plan 1

Returns – 120%

Duration – 1 Day

Minimum Deposit – $10

Plan 2

Returns – 140%

Duration – 2 Days

Minimum Deposit – $100

Plan 3

Returns – 200%

Duration – 2 Days

Minimum Deposit – $1000

Plan 4

Returns – 3000%

Duration – 3 Days

Minimum Deposit – $5000

Referral Program

LunoPay needs a lot of clients in order to make huge profits and to prolong their ponzi scheme. To increase their investor community, they offer a referral program.

The concept is simple, they are providing 5% of the cumulative deposit made by the investors to the promoters. So, to make quick buck most of them are giving out fake reviews and are making money by fooling the public. If anyone is persuading you into joining this program, then do not entertain them for any reason.

Domain Whereabouts

Thanks to alexa.com and whois.com, we were able to gather the following details of this domain. Note that, the owner’s identity was masked. So, we do not know about this mystery man yet.

Domain – Luno-pay.com

Registered On – 14/03/2019

Expiry – 14/03/2020

Alexa Global Rank – 4,739,029

Rank in India – 262,637

Red Flags

The number of intolerable practises on this platform are high, but here is a quick look at the major concerns.

Anonymity

Most of the companies and hedge funds tries to maintain transparency in order to earn the trust of the public. However, this firm has completely ignored this concept.

The identity of the creator is masked and keeping the points discussed above, it is not wise to give them the benefit of doubt. Ask yourself, if their business was indeed legit, then why are they operating from the shadows?

Fake Statistics

On their homepage, there is a big section featuring the recent transactions. This is yet another gimmick used by many of the HYIP scams. Basically, they are trying to earn your trust by providing you with social proof. However, there is a catch.

All the transactions shown are not legit. They might have processed few transaction in the beginning, but certainly they haven’t paid everyone. So, never risk your money because the chances of you getting it back is slim to none.

LunoPay Review Conclusion

LunoPay is a shameless scam which is eroding the money of the public. They will soon meet their inevitable end and will flee away with all the resources.

Moreover, their ponzi operational model will collapse in the near future. Traders can make decent money through cryptocurrency trading, but remember you need a systematic approach and still it won’t make you rich overnight.

Have you tried LunoPay? Please share your feedback with us below!