Is Luno a Scam? Regulation Check 2026
The Luno entry was pulled from the FSCA (South Africa CASP) register. This is what the public record returns.
Verdict
The record clears Luno: it holds FSCA (South Africa CASP) licence Registered, which clears it to offer trading in ZM.
How to verify on the official register
| Regulator | FSCA (South Africa CASP) FSCA (South Africa CASP) |
| Licence Number | Registered |
| Regulated Entity | Luno |
| Founded | 2013 |
What FSCA (South Africa CASP) regulation means
Under FSCA (South Africa CASP), an exchange must ring-fence client funds in segregated accounts, carry negative balance protection, and open its books to independent audit. A complaint can be filed with FSCA (South Africa CASP) directly.
What the FSCA (South Africa CASP) registration buys you
- Client funds ring-fenced in segregated accounts, apart from Luno's own capital
- Negative balance protection, so a loss cannot run past the deposit
- A direct line to FSCA (South Africa CASP) for a complaint should Luno leave one unresolved
- Independent financial audits of Luno, run on a schedule under FSCA (South Africa CASP) oversight
Frequently Asked Questions
Is Luno a scam or legitimate?
The record clears Luno. It holds FSCA (South Africa CASP) licence Registered, and FSCA (South Africa CASP) ranks among the most respected financial regulators — the entry confirms in public on the FSCA (South Africa CASP) register.
How do I check Luno's FSCA (South Africa CASP) licence?
Open the official FSCA (South Africa CASP) site and run its register search. Key in licence Registered or the entity name; the entry returns Luno's authorisation status and the exact scope of its permissions.
Are my funds safe with Luno?
Under FSCA (South Africa CASP), Luno is required to hold client funds in segregated bank accounts, walled off from company money — cover that stands even if Luno runs into trouble.
What protection do I have as a Luno client in ZM?
In ZM, Luno answers to FSCA (South Africa CASP). On the record that means segregated client funds, negative balance protection (losses cannot run past your deposit), and a direct channel to file a complaint with FSCA (South Africa CASP).
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