Lunova-Miningltd review – Is Lunova-Miningltd.co scam or safe?

Lunova-Miningltd review – Is Lunova-Miningltd.co scam or safe?

Lunova-Miningltd.co Key Facts

🔴 Lunova-Miningltd.co creates unrealistic expectations by claiming investors can gain 150% for 3 days. A scam sign!

🔴 Lunova-Miningltd.co doesn’t disclose important information about themselves. Red flag!

🔴 Lunova-Miningltd.co is a recently registered website. Disturbing sign!

Lunova-Miningltd.co registration, license and regulation

Lunova-Miningltd.co is a mining company and a trading name of LUNOVA-INVESTMENT LIMITED, a UK business which actually doesn’t hold a license to sell investment products to the public. As a British company, need to be FCA authorised to offer financial opportunities. Such entities holding no licenses are risky to deal with, and we urge traders and investors to stay away. 

Each broker presented in US have to be an NFA member and registered with CFTC.

The regulations in USA are quite heavy, compared to other domains. The capital adequacy requirement state Forex brokers have to provide minimum 20 million USD in paid-up capital to get a US license. Also clients’ funds should be kept in segregated accounts, making it impossible for brokers to misuse the capital for daily expenses.

The restrictions on Forex trading in USA includes a maximum allowed ratio of 1:50. Clients are also limited by the FIFO rule (first in, first out), meaning traders have to close their positions consequently. Hedging is also disallowed, which some traders might find restricting.

Lunova-Miningltd.co address and contacts

LUNOVA-INVESTMENT LIMITED is a British company headquartered in Manchester with a nature of business “buying and selling real estate”. As already pointed out, they are not authorised to offer investment services associated with cryptocurrency or derivatives trading. 

Lunova-Miningltd.co also introduces a London address at Kalamu House, 11 Coldbath Square, London, England, EC1R 5HL. We found more than 600 other companies headquartered there, so we can safely assume Lunova-Miningltd.co has only a nominal presence there. 

We found no contact number whatsoever, which is a red flag. Companies withholding critical information about themselves indicate they might as well be involved in fraudulent activities.

Last but not least, we have no confirmation that Lunova-Miningltd.co is in any way associated with LUNOVA-INVESTMENT LIMITED, so this website might be a clone run by people pretending to work for a genuine company.

Lunova-Miningltd.co website information

Lunova-Miningltd.co is a domain registered at 26.09.2020, or less than 6 months ago on a German IP address:161.97.86.160. It co-hosts 29 other websites, most of which belonging to brokers and investment companies. In fact, some of the websites have an identical appearance to each other with only the names changed over. That makes us believe the IP hosts many fraudulent websites run by a group of scammers who want to steal as much as possible from traders and investors. 

Have a look at the other brokers and investments providers co-hosted at the same IP by following the links below:

ImaxInvests.co.ukNexusMine.live
GlobalMiningInvestLtd.comByteCoinTrade.com
NexusCoinTrade.liveGlobal-Miningltd.co
NexusGlobalTrade.liveBit-Vaults.net
TradesBoost.netGo-CryptoVerified.com
AvrioFunds.netCoingain-Invest.com
Visionbits.bizIQMarketfx.com
Crypto-Wideinvests.comCrypto-Bitfortune.com
Climax CoinsLunova-Miningltd.co

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

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