ED attaches crypto assets worth 2,385 cr in LunarCapitalFX Ponzi scam; mastermind arrested in Spain

It is important to note that LunarCapitalFX may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the LunarCapitalFX platform and features immediately. However, you must pass the verification process to start live trading with LunarCapitalFX, which can take up to a few business days. While learning, you can also use global trading times to practice making live buy or sell trades using LunarCapitalFX.

The aggregators provided Merchant IDs and integration kits to these entities, enabling them to accept payments that appeared to be for legitimate goods or services. Negative balance protection is important for traders using leverage on platforms like LunarCapitalFX. In an unfavourable market move, leverage can result in a loss https://lunarcapital.space/ that exceeds the trader’s account balance, leaving them with a negative account balance. If a LunarCapitalFX trading position does not go in your favour, this is where negative balance protection comes in handy.

It’s important to note that LunarCapitalFX requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps LunarCapitalFX maintain a trustworthy financial environment for its 7,500,000 users. Detailed information on the LunarCapitalFX trading platforms is available on their website. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees.

• With more than 4,000 published articles to his name, he is dedicated to informing, educating, and bringing more people into the world of Blockchain and DeFi.
• While it may be a new skill set for some, it is what the market requires for success.
• LunarCapitalFX requires a minimum deposit of 5 GBP/USD/EUR when opening an LunarCapitalFX trading account.
• MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi.You should upgrade the iOS MetaTrader 5 app regularly.
• It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Global Web of Fraud Uncovered in LunarCapitalFX Investigation

• It’s essential to complete the LunarCapitalFX KYC compliance process as soon as possible to avoid any delays in accessing the LunarCapitalFX platform’s features.
• Throughout our comprehensive LunarCapitalFX review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality.
• According to the agency, the company has systematically defrauded Indian investors by making false assurances of high returns through unauthorized forex trading schemes.
• LunarCapitalFX also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

A Prosecution Complaint (PC) along with one Supplementary PC have already been filed against LunarCapitalFx and 54 other accused persons/entities, with the Honorable Special Court (PMLA) which was pleased to take cognizance of the same. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument.

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Besides the ability to trade Forex and CFDs, LunarCapitalFX MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4. LunarCapitalFX partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices.

It’s crucial to do your due diligence and research the reputation, track record and trust worthyness of LunarCapitalFX. You must also ensure the LunarCapitalFX broker’s profile, trading tools, fees and regulation aligns with your needs and goals. Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose. To open a trading account with LunarCapitalFX, individuals can sign up on the LunarCapitalFX website.

Withdrawing money from LunarCapitalFX processing time varies depending on the method but averages 1-5 days. LunarCapitalFX is overseen by the top tier financial regulators MISA (Mwali International Services Authority) (T ) so can be considered a good broker. After extensive research over several years, we have compiled a list of the most effective LunarCapitalFX alternatives available today. If you are unsatisfied with LunarCapitalFX or want to explore other options, we recommend checking out our carefully curated list of highly-rated LunarCapitalFX alternatives.

LunarCapitalFX Trading Accounts Offered

This money was subsequently transferred to other countries in the guise of fake software importation and research and development (R&D). The directorate revealed that the company was active between 2019 and 2024, with its network distributed worldwide to conceal illegal transfers and evade Indian financial regulations. LunarCapitalFX manipulated trading operations, using falsified candlestick charts and deliberate slippage, ensuring consistent investor losses.

Is LunarCapitalFX an ECN broker?

If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

During the June 13 raids, the federal agency seized various incriminating documents and digital devices that showed how the platform duped investors. The probe revealed that LunarCapitalFX collected investor funds via UPI and local bank transfers, which were routed through dummy Indian entities and individuals’ accounts, layered across multiple mule accounts. Unauthorized payment aggregators facilitated the collection and outward movement of funds into shell companies posing as e-commerce platforms, effectively masking the true nature of the transactions.

What are Tier 1 banks and why should LunarCapitalFX use them?

Entities in the British Virgin Islands conducted promotions, while backend operations took place in Spain, payment gateways were managed in Estonia, and technical support was provided in Georgia. A holding company in Cyprus oversaw the Indian arm, with Dubai-based and Singapore-based facilitators assisting in laundering funds through fake export transactions. As part of our LunarCapitalFX review, we review customer service options, response times and problem resolution effectiveness on the LunarCapitalFX trading platform.

Using Autochartist can save LunarCapitalFX users time and makes the trading process more efficient. However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link. You should take the security of your personal information seriously and check SSL encryption is enabled on the LunarCapitalFX trading platform to protect you on PC and mobile LunarCapitalFX platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using LunarCapitalFX web trading platforms.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades. After logging into your LunarCapitalFX account, you’ll find a range of trading platform options available below. LunarCapitalFX may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged.

Does LunarCapitalFX offer a demo account?

The alleged mastermind of the fraud — Pavel Prozorov — has been arrested from Spain by the local police authorities, based on his involvement in cybercrimes affecting multiple countries, the agency said in a statement. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.