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 this broker and examine the legal aspects, as well as check the functionality of its platform. Then we will conclude whether you can trust your money to such a company.
How to Trade
The firm 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.
The system 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.
Online quotes for some currency pairs, gold, and bitcoin are shown 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.
You should not do any business with luzuna, it is a fraudulent company that falsifies the trading process and grabs other people's money into their pockets. I advise you not to trust what traders tell you in positive reviews, I know you will have no use for it. I strongly regretted getting involved with these scammers. I not only earned nothing on the terminal of this company but also lost all my investments, more than 18K euros. I want to warn other people not to repeat my mistakes.
I can not withdraw money, I am not transferred 3K dollars allegedly for technical reasons, and in my opinion - by the decision to misappropriate them by the broker itself.
I am convinced once again that there are no honest forex brokers offshore, that is, as long as the interests of the broker and the trader coincide, my trading brings me income, but if there is the slightest chance to make a good profit on the client's money, the offshore company cheats its client without a second thought. That's exactly what happened to me. I have accumulated a decent amount of money on my account after successful trading on Luzuna, about 12 thousand dollars, which I tried to withdraw, but the transaction does not take place. According to my data, the money did not come to the bank, but according to the company's data - it was credited long ago. Now the employees of this company even stopped responding to my appeals, I can not enter my cabinet, as it is blocked. I have to admit that my earnings are lost, I feel sorry not only for the money but for the wasted efforts. Be careful with this company!
Cooperating with this fraudulent firm is my biggest financial failure. I just registered on the platform and have not even had time to start working on the markets yet, and after two hours I found out that the scammers blocked my account with $500!!! The scammers accused me of violating the agreements!? What agreements? I didn't even have time to do anything, I just deposited the money! These crooks embezzled my funds brazenly and shamelessly. Do not believe their promises, they are not worth anything...
The platform is more aimed at experienced traders who have the necessary deposit size and first of all verification for trading. What attracted me to luzuna is a very fast trading program, trades are triggered instantly even in case of strong market movements. The terminal is equipped with a good set of indicators, so you can qualitatively analyze the market.
I worked through the luzuna terminal for several months and I can say that there are so many flaws that I can list for ages, I advise you: just don't trade through this company and then everything will be fine, you won't have scam problems.
These are scammers!!! I had 720 dollars in my account, I haven't logged into my account in two months. So luzuna not only blocked my account but also sent me a letter notifying me that my money has been withdrawn to my bank account! I write requests to support@luzuna.com but there is no response from the broker. Looks like I will never see my money again 😡
For several years of work, the broker has not opened branches in large countries and has not received a license? That's ridiculous 😂 I am sure that luzuna is designed to scam customers. The website works squalidly, as well as their platform. I tried to register an account, just for fun to test the terminal. The long process of filling in my details in the registration form was in vain, I was unable to create a personal account. I received an error message in which the operator suggested me to retry the registration or contact the technical support service. I followed this advice and contacted an employee of the company, who started to persuade me to deposit $5,000 to the base account, promising me bonuses by promo code. He quickly realized that I did not intend to part with my money without checking all the data of the brokerage firm and he interrupted our conversation. If the employees do such an outrage even when registering an account, what happens after I deposit a huge amount of money? No, this is not a platform where I can trade with confidence!
I am doing well, I earned more than 30% of my deposit for 4 months of trading on luzuna.com. I have stable communication and fast execution. I ordered a withdrawal of 1,000 dollars today, as always the money came to my card in a few hours. I will work further on this platform.
I went to luzuna.com by chance, and I was amazed at the huge range of services the company offers. However, you should keep in mind that managers do this to attract customers, but it does not guarantee successful trading. For example, I used the welcome bonus of 100 percent, but it turned out that it is impossible to withdraw it, as well as it is impossible to use this bonus in case of unsuccessful trading. I'm glad that I did not use a wide leverage, which can lead not only to big earnings but also to a quick loss of deposit. Overall, it's not a bad company, it provides opportunities to make money, but you should always think about caution.
I got disappointed in trading because of these financial crooks. I thought I was the smartest and made a hasty decision to cooperate with luzuna, believing in a favorable offer. I regret it now, when I lost 592 dollars in a week, but there's nothing I can do :( I should have learned to choose the right brokerage organization. I thought it was okay to believe everything written on the broker's platform. But that is not the case :( I have to verify every unsubstantiated claim made by the broker. If I did that, I wouldn't be another victim of this scam.
I want you to be aware of the fact that it will be impossible for you to trade profitably on this platform. Luzuna constantly changes things in the conditions and manipulates quotes. In addition, the administrators blocked me from trading due to violations of some rules, they wrote me a vague explanation, I never understood - why I can't trade!!!! I have about 16 thousand euros left on my account, I submitted a request to withdraw the entire amount of the deposit, I am waiting for more than a week when the broker will return my money. I do not recommend it!
As soon as I stopped depositing, I immediately started trading in the red and lost all my money and the amount of €1,892 was significant for me :( THIS IS A SCAM!!!
The broker practices long withdrawal of funds, you have to wait sometimes several days to get money from this company. Also, the administrators often sent me again for verification, they like to test the patience of the client, they want the trader to do at least a little more trading and drain his balance. Broker forecasts and analytics - this is useful information only if you bravely trade against these recommendations Luzuna and then you will steadily earn on the forex market.
I drained €3,240 on luzuna.com in the last two months. The broker often does not let you close a trade, especially if the price goes against you and you take a loss.