Luzuna is owned and operated by Techna Solutions LTD, registered in St. Lucia with number 2021-00184. Meanwhile, the company does not provide the address of its headquarters. It is worth noting that the site lacks specific information about the presence of a license, and also there are no details about the start and operation of the project. Could this service turn out to be fraudulent? We will review Luzuna and examine the legal aspects, as well as check the functionality of the platform of this broker. Then we will conclude whether you can trust your money to such a company.

How to Trade

Luzuna offers users a WebTrader platform that functions on desktop and mobile devices, including MAC and Linux. You can only trade CFDs, and the asset list includes currency pairs, commodities, stocks, derivatives, spot metals, and indices.

The broker’s main offerings:

  • 6 tariff plans, in which an account with a higher deposit amount has more opportunities.
  • Swap-free accounts, which are designed for traders with Islamic faith.
  • Periodic bonus promotions, the specific terms of which are not known in advance, as they are announced individually at the time of launching.

Luzuna requires a $500 deposit to open the first level of account, however, the user agreement specifies a minimum of $250. In addition, the invitation code in the registration form indicates an affiliate program, but the company does not disclose its existence. The broker decides on the withdrawal of clients’ funds within 5 days.

Luzuna does not disclose such important parameters as the size of spreads and commissions. The absence of ECN-account indicates the business model of B-Book company, in which the broker does not withdraw transactions to the interbank market and receives profit not from spreads, but from the amount of funds invested by clients. 

Luzuna shows online quotes for some currency pairs, gold, and bitcoin on the site. Users can access a news feed, economic calendar, trading hours, and contract expiration dates. Tech support staff is available via online chat.

Luzuna Vital Info

The owners of the platform don’t say anything about themselves or the history of the brand. The launch date also remains unknown. Meanwhile, the registration number of the management company gives us a clue about its foundation in 2021. Although the date of domain registration in 2020 and its name being different from the name of the brokerage firm, raise doubts about the timing of this company. Usually, such domains are bought by services that do not exist within the legal framework.

We checked the register of legal entities in the offshore zone of St. Lucia and found that Techna Solutions LTD was indeed registered there in 2021. It is worth noting that the license and regulation are not mentioned at all on the luzuna.com website. We see no point in looking for this information, as forex activities are not regulated in this jurisdiction. If a brokerage company does not specify branches and regulations in other countries, it most likely operates illegally.

FAQ

What are the key facts about Luzuna?

The brokerage company, which manages the resource, has been registered in an offshore zone since 2021. The official website of the broker has low informativeness and template cheap design. The activity of the financial organization is probably illegal, as it is not regulated and has no license in any jurisdiction.

What's the risk to my wallet when working with this broker?

An offshore company that does not have a license cannot give you any guarantees of safe trading. The leverage of 1:400 is 10 times higher than the 1:30-1:50 allowed by reputable financial commissions. Additionally, it should be noted that a broker that uses the B-Book scheme makes its main profit only when clients lose money.

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