ForexQ.com
ForexQ.com
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According to its official website, Lunaro is a regulated CFD and spread betting provider serving both retail and professional clients. UK services are provided by Lunaro Financial Services Limited, of which Lunaro is a trading name and whose registered address is in London (130 Wood Street); the site says the company is authorised and regulated by the FCA (FCA register number 184333). According to Companies House the company was incorporated in 1996 and was formerly named BUX Financial Services Limited. According to the site's United Arab Emirates page, services there are provided through Lunaro Markets Limited, which it says is authorised and regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). Retail, professional (Lunaro Pro) and corporate accounts are available; professional classification requires meeting at least two of the three FCA criteria. Products include CFDs and spread bets on forex, indices, commodities, shares, ETFs and treasuries; trading is available on MetaTrader 5 (desktop, Android, iOS), WebTrader and a mobile app. The site states leverage of up to 30:1, a minimum deposit of 250 GBP and a minimum margin of 100 GBP; retail client funds are held in segregated accounts. According to its risk warning, approximately 80% of retail client accounts lose money when trading CFDs and spread bets. This information is the company's own statement.