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Broker violations and abnormal records
Update on Aug 7, 2024:
The FCA updates its warning against LumineTrade, revealing new demain names of the scam and relevant contact information.
Historical Records:
On July 25, 2024, the Financial Conduct Authority (FCA) issued a warning against LumineTrade, identifying it as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/luminetrade-lumine-trade-clone-fca-appointed-representative
Update on Aug 7, 2024:The FCA updates its warning against LumineTrade, revealing new demain names of the scam and relevant contact information.Historical Records:On July 25, 2024, the Financial Conduct Authority (FCA) issued a warning against LumineTrade, identifying it as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/luminetrade-lumine-trade-clone-fca-appointed-representativeLumineTrade claims to be operated by UIT solution LTD, a company supposedly registered with the Marshall Islands Registry (IRI). However, the mere IRI registration doesn't equate to the authorization from a financial regulator, as the IRI is solely a privately held coporate registration service provider.
In addition, the Financial Conduct Authority (FCA) has issued a warning against LumineTrade, revealing all the involved website addresses. The FCA has flagged the broker as a clone of an FCA-authorized firm. This is a significant evidence of LumineTrade's fraudulent nature. As such, LumineTrade is a scam.
LumineTrade claims to be operated by UIT solution LTD, a company supposedly registered with the Marshall Islands Registry (IRI). However, the mere IRI registration doesn't equate to the authorization from a financial regulator, as the IRI is solely a privately held coporate registration service provider.In addition, the Financial Conduct Authority (FCA) has issued a warning against LumineTrade, revealing all the involved website addresses. The FCA has flagged the broker as a clone of an FCA-authorized firm. This is a significant evidence of LumineTrade's fraudulent nature. As such, LumineTrade is a scam.
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