Lumina Group Forex Broker

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.