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/10

Lumina Group

China|2-5 years|
Suspicious Scope of Business|High potential risk|

https://luminagroup.io/

Website

Rating Index

Contact

support@luminagroup.io
https://luminagroup.io/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

Lumina Group

Abbreviation

Lumina Group

Platform registered country and region

China

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Lumina Group · WikiFX Survey

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Lumina Group · Company Summary

Since Lumina Groups official website cannot be opened for now, we could only piece together the rough picture of this broker through gathering some relevant information from other websites.

Basic Information
Registered Countries N/A
Regulation No License
Minimum Deposit € 250
Maximum Leverage 1:500
Minimum Spread From 0.1 pips
Trading Platform N/A
Trading Assets N/A
Payment Methods N/A
Customer Support Email Only

General Information

Lumina Group says it is an online trading platform providing clients with the opportunity to trade various financial instruments through multiple trading accounts, with the maximum trading leverage up to 1:500.

It is clear that Lumina Group is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.05/10. Please be aware of the risk.

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Account Types

Believe or not, Lumina Group provides a total of 9 types of tiered trading accounts for clients to choose from, namely Student, Pro, Pro+, Professional, Expert, Business, Platinum, and Luxury. To open a most basic account, 250 euros is needed. And the most expensive trading account, the Luxury account, requires the 100,000 euros.

Account Types Minimum Deposit Minimum Spreads Maximum Leverage
Student €250 0.1 pips 1:10
Pro €1000 1.2 pips 1:20
Pro + €2500 1.3 pips 1:50
Professional €2500 0.1 pips 1:100
Expert €10,000 1.2 pips 1:20
Business €25,000 0.1 pips 1:400
Platinum €75,000 1.2 pips 1:450
Luxury €100,000 1.3 pips 1:500

Leverage

When it comes to leverage, Lumina Group provides its customers with access to 1:500, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Customer Support

Lumina Group offers the poor customer support and clients can only get in touch with this broker through an email: support@luminagroup.io.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
None Not regulation
Anonymous website
High minimum deposits

Frequently Asked Questions

Is Lumina Group regulated?

Lumina Group is not regulated anywhere.

What is the minimum deposit required by Lumina Group

The minimum deposit required by Lumina Group is not disclosed.

What is the maximum leverage available?

The maximum trading leverage that is available on the Lumina Group platform is up to 1:500.

Review 3

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