Lunate(lunatecapital.world) claims to be a brokerage/online investment portal. Their website is around for less than a year and the traits they display is nothing less than scandalous. Creators or management behind the platform are maintaining a low profile.
Clearly, they are unregulated. User reviews are not significant in number which means we cannot base our decisions based on it. Nonetheless, if you are wondering about the legitimacy of this platform, we encourage you to read the following content.
No harm in collecting as much evidence as possible when it comes to the financial realm, right?
Lunate Business Model
Lunate pretends to be a brokerage and a managed portfolio service. However, it doesn’t share crucial information about both the aspects. For example, trading conditions and fees aren’t showcased.
Also, there are no audited financials present to gauge their professionalism or results. Given the disregard towards regulation and fair practices, how can we or any rational person place our trust in them? Isn’t the fact that something shady is happening, too evident?
Support and Contact Details
Legitimate firms always do their best to address client’s enquiries and assist them in the most efficient way. This platform doesn’t share even a single contact information.
The only way to reach them is via the contact form on their website. If they had nothing to hide, why would they operate in this kind of hideous way?
Is Lunate a Scam?
Lunate certainly shows a lot of characteristics of a typical fly-by brokerage that is there to take investors for a ride. Hiding corporate information along with maintaining an anonymous profile is always a red flag.
Also, don’t forget the fact that Australian authorities have issued a warning against them. So, it is clear that they are infamous and nothing good can come from them.
Conclusion
Never trust any broker or trading platform that is not regulated. Firms like Lunate often stay afloat for less than a year and are likely to create issues with withdrawals in one way or another.
In case you have encountered severe financial damage, reach out to us to know about other options available at your disposal.
