Home -

Main body -

WikiFX Express

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

How to Know if the Market is Correcting or Reversing?

In trading, distinguishing between a market correction and a market reversal is crucial for making sound decisions. Misjudging one for the other can lead to missed opportunities or significant losses. While both involve price movements, their causes, duration, and implications differ substantially. Understanding these differences can help traders improve their strategies and adapt to market conditions effectively.

Original 2024-12-27 18:10

Empowering the Next Generation in Finance with WikiFX: Gen Z’s Investment Journey

With a steadfast commitment to fostering sustainable financial literacy and providing clear, strategic guidance to the next generation, WikiFX has collaborated with Van Lang University and Hoa Sen University to host an exclusive series of financial education workshops. This marks a pioneering initiative by WikiFX in Vietnam, designed not only to deliver foundational knowledge but also to instill a sense of responsibility and cultivate prudent financial decision-making among aspiring young traders.

Original 2024-12-27 17:11

Robinhood Launches Options Trading in the UK by 2025

Robinhood to introduce options trading in the UK by 2025 following FCA approval. Discover how this expansion aligns with Robinhood's strategy for global growth and new features.

Original 2024-12-27 16:13

What Impact Does Japan’s Positive Output Gap Have on the Yen?

The Japanese government has announced that, due to a tight labor market, the country’s economic output is expected to return to full capacity in the next fiscal year for the first time in seven years.

Original 2024-12-27 10:33