Lugano Trade Ltd
Is Lugano Trade Ltd a Scam Broker?
Some brokers can look reliable and professional and upon further inspection may be problematic. Lugano Trade Ltd seems to be based in Switzerland and offers the MetaTrader 4. It has a demo account and many other features that are shared with legitimate brokers. However, Broker Complaint Registry found many red flags, including a starter account with a minimum as high as $2,500 and the promise of big bonuses to encourage higher deposits.
Is Lugano Trade Ltd a Scam or Legit Broker?
BCR has discovered a number of serious complaints about Lugano Trade Ltd, including one from FINMA a European financial regulator that Lugano Trade Ltd has no license and may be falsifying its location. This warning from FINMA should be taken seriously. It does not seem worth the risk to trade with Lugano Trade Ltd.
Our experts found out the following about Lugano Trade Ltd:
- Not licensed
- Warning from FINMA
- Huge minimum deposit
- Bonuses designed to encourage huge deposits
- Suspected false contact information
Our experts do not recommend Lugano Trade Ltd. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by Lugano Trade Ltd or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.
- The broker froze your account
- The broker blocked your account
- You cannot login back into your account
- Money has been taken out from the account
- The broker doesn’t take your calls
- The broker shut down his website
- You noticed the broker took money out from your bank account with out your permission
- The broker is offering you a bonus
- The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.
