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LUMING TRADE

Operating status: SCAM

Website: http://lumaxtrade.com/

Broker violations and abnormal records
  • Jun 26, 2022 BrokersView has reviewed that LUMING TRADE is an Unregulated Forex Broker

    LUMING TRADE claims to be a strictly regulated broker with years of experience while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

    Besides, this broker shows its office address is in Hong Kong. So we did searching in the Hong Kong regulator Securities And Futures Commission (HK SFC) but found no matching results to LUMING TRADE. That means LUMING TRADE is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.


    LUMING TRADE claims to be a strictly regulated broker with years of experience while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.Besides, this broker shows its office address is in Hong Kong. So we did searching in the Hong Kong regulator Securities And Futures Commission (HK SFC) but found no matching results to LUMING TRADE. That means LUMING TRADE is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Nov 17, 2022 BrokersView has found that LUMING TRADE is not working

    BrokersView found the domain "http://lumaxtrade.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "http://lumaxtrade.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

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