TL;DR – LoonieFX Review
LoonieFX, operating via looniefx.com, is the subject of a December 2025 investor alert from the Canadian Investment Regulatory Organization (CIRO). CIRO states that LoonieFX is a fraudulent trading platform falsely claiming IIROC registration and warns investors to avoid dealing with it. At the same time, PR-style articles and press releases paint LoonieFX as a sophisticated, Toronto-based multi-asset platform, and ScamAdviser gives looniefx.com an extremely low trust score.
Melmac’s view: LoonieFX has regulator alerts + suspicious marketing + risk-tool red flags, and should be treated as a high-risk / scam platform.
Quick Verdict – LoonieFX
| Item | Verdict |
|---|---|
| Overall rating | 2 / 10 – CIRO-flagged fraudulent platform |
| Pros | Feature-rich WebTrader claims; positive-sounding PR about AI tools and education. (Investing.com) |
| Cons | CIRO alert: falsely claims IIROC registration;(CIRO) ScamAdviser trust score 0;(ScamAdviser) included on independent scam lists; YouTube and social content flag it as a scam. |
| Melmac stance | Treat LoonieFX as unsafe and likely fraudulent; avoid for new deposits, and act quickly if you’re already involved. |
Scammed by LoonieFX? Take Action Immediately.
If LoonieFX has blocked withdrawals or seized your funds, time is critical. Fill out the form below and our experts will launch a rapid wallet trace to track where your crypto was moved — and help stop further losses.
(You get a response within hours, not days. Your information stays 100% private.)
Overview – Who Is LoonieFX?
PR content describes LoonieFX as a Toronto-based fintech firm offering:
Multi-asset trading (FX, indices, crypto, etc.)
A proprietary WebTrader platform
AI-powered tools, real-time news and education.
However, the CIRO investor alert states that LoonieFX:
Operates through https://looniefx.com/
Falsely claims IIROC registration (CIRO’s predecessor)
Has no connection to CIRO or a CIRO member firm
Should be avoided by investors.
Key Features & Claims
From press-style articles and the site:
Browser-based WebTrader with many indicators and built-in news/calendar
Fast execution, risk management tools, multi-asset access
AI insights and “hybrid human guidance”
Support for both retail and institutional clients
These claims are overshadowed by the fact that the platform misrepresents its regulatory status.
Red Flags & Risk Indicators
CIRO Investor Alert
CIRO warns that LoonieFX is a fraudulent trading platform falsely claiming IIROC registration and urges investors to avoid it.
Very low trust score
ScamAdviser gives looniefx.com an extremely low trust score and flags multiple risk factors (hidden ownership, young domain, high-risk financial services, crypto, phishing alerts).
Inclusion in curated scam lists
CryptoLegal’s 2025 list of reported scam companies includes looniefx.com among high-risk platforms.
YouTube and social warnings
Short-form content directly labels LoonieFX as a scam platform, consistent with broader red flags.
Online Reputation & Reviews
Instead of organic user reviews, LoonieFX mostly shows:
Polished press releases on newswire-type outlets describing it in glowing terms.
Formal regulator alerts warning investors away.
Scam-intelligence and risk-checker write-ups highlighting the trust-score problem.
This imbalance – PR vs regulator alerts – is typical of high-risk platforms.
Melmac's Expert Opinion
A platform that misuses a regulator’s logo or registration status is not a minor paperwork issue; it’s a major honesty issue.
Melmac’s assessment:
CIRO’s language is clear: LoonieFX has no CIRO/IIROC registration and falsely claimed it.
Combined with very low trust scores and curated scam-list inclusion, we classify LoonieFX as a likely scam.
Alternatives & Safer Options
If you were considering LoonieFX for AI-assisted trading:
Choose a CIRO-registered, FCA-regulated or similar broker, verifying registration via official tools
Ignore any firm that needs to fake IIROC/CIRO registration to look trustworthy
If crypto was used to fund accounts:
Start with Melmac’s Free Wallet Trace to map flows
Use our guides on whether stolen crypto can be recovered and how legit crypto recovery works before speaking to anyone offering refund miracles.
Final Verdict – LoonieFX
LoonieFX / looniefx.com is under an active CIRO investor alert for false IIROC registration claims and should be treated as a high-risk scam platform.
Immediate Actions & Recovery Pathway (LoonieFX)
Stop trading & preserve evidence
Export trade history, account snapshots, KYC records, and all transaction data.
Escalate with banks, PSPs and regulators
File complaints referencing the CIRO alert and request investigations or chargebacks where possible.
Leverage expert support where needed
Use Melmac’s Free Wallet Trace and education content to structure any recovery attempts and avoid second-wave scams.
LoonieFX FAQ
-
1. Is LoonieFX regulated in Canada?
No. CIRO’s investor alert explicitly states that LoonieFX has no connection to CIRO or IIROC and has been falsely claiming IIROC registration.
-
2. Is LoonieFX a scam?
Given CIRO’s language, the fake registration claim, low trust scores and scam-list inclusion, we consider LoonieFX very likely a scam rather than just “unregulated.”
-
3. What should I do if I’ve lost money on LoonieFX?
Stop funding, preserve evidence, lodge complaints with your bank and regulators, and consider on-chain tracing through our if crypto was involved.
