The Official Website Of LUMING TRADE Cannot Be Accessed Normally At This Time. It Seems That The Company Has Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-06-27 We Have Confirmed After Review That LUMING TRADE Is An Unregulated Forex Broker
LUMING TRADE Claims To Be A Highly Regulated Broker And Has Many Years Of Experience In The Industry, But Neither Provides Details About Its Regulatory Information Or Legal Documents (terms And Conditions, Risk Disclosure And Privacy Policy, Etc.). Lack Of Such Information May Be Characteristic Of Unlicensed Dealers, As Compliance Dealers Always Display Their Certifications And Operating Licenses In A Prominent Position. This Is A Red Flag.
In Addition, The Broker Shows That Its Company Office Address Is Located In Hong Kong. But We Did Not Find Any Results Matching LUMING TRADE In The Hong Kong Securities And Futures Commission (HK SFC). This Means That LUMING TRADE Is Not Regulated By Any Regulatory Body. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That LUMING TRADE Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
NOTE: LUMING TRADE As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Supervision Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
