Reported as a scam / unregulated
Why Lunbgold is on the register
Lunbgold claims to be a reliable firm while presenting neither details about its company information (company full name, company logo) and regulation, nor legal documents (terms & conditions, risk disclosure and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Besides, this broker presents its awards earned from 2015 to 2019. But when we check its domain, we found it was newly created on 2th Sep 2022. So how could it earn those award in such early years? Moreover, Lunbgold shows its company address is in Hong Kong. As forex traders, you should know that all regulated forex brokers in Hong Kong are monitored by the Hong Kong Securities And Futures Commission (HK SFC). However, we did not find any match results Lunbgold in HK SFC. The truth is that Lunbgold is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.