Lumichart defines itself as a high-end trading network. Its website states: “At Lumichart, we offer tailored trading solutions with personalized support, reliable performance, and a commitment to excellence.” This platform claims to provide global market access and a range of accounts suitable for beginners and experts. But should we trust it?
Company Name – Lumichart
Website – https://lumichart.com/
Address – Av. des Morgines 12, 1213 Lancy, Geneva
Regulatory Warning –Swiss Financial Market Supervisory Authority (Switzerland)
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Regulatory Concerns
Insufficient regulation constitutes one of the biggest red flags. “On paper, Lumichart is a Swiss entity. However, on April 10, 2025, the Swiss Financial Market Supervisory Authority (FINMA) issued a clear warning that Lumichart is not registered with its commercial register.”
What This Means for Traders:
- It doesn’t have a legal license for offering financial services in Switzerland.
- It operates independently from any recognized financial authority.
- No legal safeguards protect investor funds.
Negative User Experiences
Unfortunately, a visit to various forum review sections for Lumichart would show one a very bleak picture. Several traders have come forth with nasty happenings that happened to them:
Common Complaints:
- Withdrawals Refused: Individuals claim that they cannot get to their money.
- Non-responsive Support: Many refer to the support team as “indifferent” or even “terrible.”
- Huge Losses: One trader claims to have lost $5000 and will never be able to get it back.
- Fake Reviews: Suspicion that any positive online Lumichart review could be fake as none mention any successful withdrawals.
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