Financial Commission Warns Against Crypto Exchange Luna Trade

The Financial Commission, an external dispute resolution (EDR) body dedicated specifically to FX, has added on Monday the Bitcoin trading platform Luna Trade to its Warning List.

The Luna Trade claims on its website (https://luna.trade/about) that it was established in 2014 as the first cloud mining provider, then has become a multi-functional cryptocurrency exchange, trusted by over a million users.

Whereas, the Financial Commission stressed that it has been notified by concerned traders regarding Luna Trade and its associated website. Upon reviewing the submitted information from potential customers of this broker, it has determined that the indicated company and associated website were suspicious of being used to scam and defraud traders and investors.

In light of this, the Commission does not recommend doing business with this entity, either individuals purporting to represent this broker on social media and in private messages on popular messaging apps.

Previously, Fazzaco reported that the Financial Commission has added the broker Freelancer Ecosystem​ to its warning list.