Lunbgold
We checked Lunbgold against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Lunbgold claims to be a reliable firm while presenting neither details about its company information (company full name, company logo) and regulation, nor legal documents (terms & conditions, risk disclosure and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Besides, this broker presents its awards earned from 2015 to 2019. But when we check its domain, we found it was newly created on 2th Sep 2022. So how could it earn those award in such early years? Moreover, Lunbgold shows its company address is in Hong Kong. As forex traders, you should know that all regulated forex brokers in Hong Kong are monitored by the Hong Kong Securities And Futures Commission (HK SFC). However, we did not find any match results Lunbgold in HK SFC. The truth is that Lunbgold is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Lunbgold.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.