Luno Review 2021

Luno is a global cryptocurrency exchange that is headquartered in the UK and offers a range of DeFi services.

Luno is broker that gives traders access to Cryptocurrency. Surprisingly, Luno does not support either of the enormously popular MetaTrader platforms (4 and 5).

Cryptocurrency traders have a very decent number of coins to trade at Luno, 6 in fact: BTC, ETH, LTC, XRP, BCH and USDC.

Please note that Luno is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.

Luno Summary

Luno is a global cryptocurrency exchange that is headquartered in the UK and offers a range of DeFi services.

Ratings

20%
Trust
16%
Instruments
0%
Features
BonusNone
InstrumentsCrypto
Demo Account
Min. Deposit£1
Min. Trade£10
Regulated By
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

Cryptocurrency Trading

Luno supports cryptocurrency trading, staking and transferring with six major tokens.

SpreadVariable
CoinsBTC, ETH, LTC, XRP, BCH, USDC

Payment Methods

Luno accepts the following payment methods:

  • Wire Transfer
  • Debit Card
  • Credit Card
Risk Warning – Your capital is at risk

FAQ

Is Luno Safe?

In our review we gave Luno a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that Luno is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does Luno Accept PayPal?

No, Luno does not accept PayPal payments.

Is Luno Halal?

Probably not, as Luno does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is Luno Regulated?

No, unfortunately Luno is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.

Luno vs Other Brokers

If you want to compare Luno with other brokers, use the detailed comparisons below.

Luno vs
Luno is a global cryptocurrency exchange that is headquartered in the UK and offers a range of DeFi services.