Luno Review 2026
The Luno record for Nigeria traders — registrations on file, the fee schedule, and the Oracl8 verdict.
Regulation in Nigeria
| Regulator | FSCA (South Africa CASP) — FSCA (South Africa CASP) |
| Licence Number | Registered |
| Regulated Entity | Luno |
| Max Leverage | 1:1 |
| Max Leverage (Crypto) | 1:1 |
| Minimum Deposit | $0 |
| Taker Fee | 0.5% |
| Listed Coins & Pairs | 45+ |
| Platforms | Web, iOS, Android, API |
| Copy Trading | ✗ |
| Spot Ownership | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
On file with FSCA (South Africa CASP) under licence Registered. Opening figure $0. Leverage in Nigeria capped at 1:1.
About Luno
On the record, Luno traces to 2013, based in London, United Kingdom. Its book runs to 45 coins and trading pairs — the major cryptocurrencies alongside stablecoins and altcoins. Its registrations span several jurisdictions, with the primary licence held by Luno under FSCA (South Africa CASP).
Within Nigeria, Luno runs as Luno, cleared by FSCA (South Africa CASP) under licence Registered. That caps a Nigeria trader at 1:1 on crypto derivatives, per FSCA (South Africa CASP) rules.
Trading Platforms
Pros
- FSCA (South Africa CASP) regulated — licence Registered
- 45+ coins & pairs listed
- Negative balance protection in Nigeria
- Platforms: Web, iOS, Android, API
Cons
- No inactivity fee
- 0% of retail clients lose money
- Derivatives trading — you may not custody the underlying coin
- No spot withdrawal / custodial only
Frequently Asked Questions
Is Luno regulated?
On file, Luno carries FSCA (South Africa CASP) licence Registered, held by the regulated entity Luno — a live registration you can pull up on the official FSCA (South Africa CASP) public register.
What is the minimum deposit for Luno in Nigeria?
The opening figure is $0 — what it takes to fund a live account for a Nigeria trader operating under FSCA (South Africa CASP).
What leverage does Luno offer in Nigeria?
For Nigeria, the FSCA (South Africa CASP) rules hold Luno to 1:1 on crypto derivatives. An offshore-registered entity may list a higher ceiling.
Is Luno safe to trade with?
Under FSCA (South Africa CASP), Luno must segregate client funds, carry negative balance protection and submit to independent audit. None of that removes market risk, but it is real investor protection on the record.
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