Home -

Main body -

WikiFX Express

EC Markets

Lumina Group

Lumina Group | 2023-01-04 18:32

Abstract：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.

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.

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.

Forex Broker Forex trading

Related broker

No Regulation

Lumina Group

Company name：Lumina Group

Score

1.36

Website：https://luminagroup.io/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.36

Doo Financial Expands Regulatory Reach with Offshore Licenses in BVI and Cayman Islands

According to the report, Doo Group, a prominent Singapore-based online brokerage firm, has strengthened its global presence by securing new offshore licenses for its brokerage brand, Doo Financial. The company recently announced that entities under the Doo Financial umbrella have been granted licenses by two key offshore regulatory bodies: the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).

Original 2024-12-25 18:54

Why is there so much exposure against PrimeX Capital?

In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.

Original 2024-12-25 18:24

The Hidden Checklist: Five Unconventional Steps to Vet Your Broker

Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.

Original 2024-12-24 16:56

Doo Financial Obtains Licenses in BVI and Cayman Islands

Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).

Original 2024-12-24 16:54