Summary
Lumine Trade Broker claims to offer profitable trading opportunities, but research shows that it is not a regulated or licensed broker. Trusted authorities such as the FCA (UK), ASIC (Australia), and CySEC (Cyprus) do not oversee the platform’s operations. Many users have reported issues with withdrawals, hidden fees, and misleading claims.
Exercise extreme caution if you are considering investing, and always verify a broker’s regulatory status before depositing any money.
About Lumine Trade Broker
- Company Name: Lumine Trade
- Official Website: https://ww38.luminetrade.com/
- Registered Address: 10 Finsbury Square London EC2A 1AF UK
- Regulatory Warning: Australian Securities and Investments Commission
- Domain Blacklist Status: It seems there is no direct mention of this domain being on a blacklist.
Warnings By Australian Securities and Investments Commission
Investors have serious reservations about Lumine Trade and the many warning signs of a potential online trading scam. Lumine Trade’s use of unethical and aggressive marketing techniques is reported in numerous third-party reports as endangering user funds and personal information.
Aggressive and Unwanted Contact Techniques
Several individuals reported that Lumine Trade representatives continuously contacted them by telephone even after indicating they were not interested in trading through this brokerage. The method used to make these calls is also unacceptable; many of Lumine Trade’s reps make these calls from different, untraceable numbers, making it impossible for victims to stop or return calls from Lumine Trade. This is typical of many fraudulent brokers who use such pressure tactics to obtain customer deposits.
There is an absence of Regulatory Transparency
There is little to no information available about the owner or any regulations governing the activities of Lumine Trade, as there are no regulatory authorities monitoring the company’s activity. Therefore, there is no regulatory oversight that offers any guarantees of fair trading and the protection of investors’ funds, which is a tremendous red flag regarding investing in a trading platform such as Lumine Trade.
Problems With Security and Withdrawals
As seen in multiple independent reports, withdrawal issues have plagued many individuals who have used Lumine Trade, with complaints of people waiting weeks to hear from the company following a withdrawal request. Many people have also expressed concern that downloading anything from Lumine Trade and/or giving the company remote access to your device may expose your machine to malware and allow the company to compromise your bank account and your private data.
Due to the overwhelming evidence indicating that Lumine Trade is attempting to exploit its investors, anyone considering making an investment in Lumine Trade should proceed with extreme caution, particularly if they receive unsolicited emails from Lumine Trade, and should avoid using the Lumine Trade platform altogether.
Lost Funds to Lumine Trade Broker?
If you have already deposited money with Lumine Trade Broker, act quickly.
Fill out the form below to get a free consultation with fund-recovery specialists who can help trace and recover your money.
Is Lumine Trade Broker Trustworthy?
Lumine Trade Broker is not registered with any major financial regulator. Legitimate brokers must be authorised by bodies such as:
- FCA – Financial Conduct Authority (UK)
- SEC/CFTC – Securities and Exchange Commission / Commodity Futures Trading Commission (US)
- ASIC – Australian Securities and Investments Commission
- CySEC – Cyprus Securities and Exchange Commission
These regulators enforce strict rules, monitor financial operations, and protect customers.
Because Lumine Trade Broker lacks regulation:
- There is no authority overseeing its activities.
- Users have no access to compensation schemes or dispute resolution services.
- Funds are not insured, unlike regulated firms where clients may be covered by FINRA, SIPC, FSCS, or equivalent protection.
Trading with such unlicensed platforms carries a high risk of fraud and loss.
How Online Scams Usually Operate
Internet scammers use sophisticated tricks to build trust and then steal money. Below are common tactics associated with suspicious brokers like Lumine Trade Broker.
1. “Pig-Butchering” Romance & Investment Scams
Fraudsters may spend weeks or months gaining a victim’s confidence through dating apps, social media, or messaging platforms. Once trust is built, they encourage the victim to invest through a fraudulent trading platform like Lumine Trade Broker.
2. Fake Trading Platforms
Scam brokers often design dashboards that look real:
- Live-looking charts
- Fake profit spikes
- Manipulated account balances
They may even allow a small withdrawal at first to appear credible, then block all future withdrawals.
Common Red Flags
- Unsolicited contact: Calls, WhatsApp messages, or DMs offering investment opportunities.
- No regulatory licence: Or a fake/invalid licence number.
- Guaranteed returns: Promises of “risk-free” profits or fixed daily/monthly returns.
- Withdrawal problems: Sudden fees, taxes, or delays before releasing funds.
- Over-polished website: Professional design that hides the lack of real oversight.
- Fake testimonials: Made-up reviews or celebrity endorsements.
Steps to Take If You Were Scammed by Lumine Trade Broker
1. Cut Contact Immediately
Stop communicating with the broker or any associated person to prevent further manipulation.
2. Notify Your Bank or Payment Provider
Explain the situation and request:
- Chargeback (for card payments)
- Recall (for wire transfers)
- Reversal options (for e-wallets or crypto platforms)
3. Collect All Evidence
Keep:
- Screenshots
- Emails & chat logs
- Transactions
- Platform dashboard images
This helps recovery experts and law enforcement.
4. Report the Scam
Contact your local cybercrime authorities or financial regulator.
More reports help authorities track and shut down fraudulent operations.
5. Seek Professional Support
Fund-recovery specialists like Scams Report can guide you through chargebacks, crypto tracing, and legal steps.
FAQ – Lumine Trade Broker Scam Queries
Q1. Is Lumine Trade Broker regulated?
No. Lumine Trade Broker is not licensed by any recognised regulator, which makes it unsafe.
Q2. Can I get my money back from Lumine Trade Broker?
Recovery is possible in many cases if you act quickly. Chargebacks or crypto-tracing may help.
Q3. Why is Lumine Trade Broker considered risky?
Because it operates without regulatory oversight, offers guaranteed profit claims, and has multiple withdrawal complaints.
Q4. How can I know whether a broker is authentic or not?
Verify the licence number directly on the official regulator’s website (e.g., FCA, ASIC, SEC).
Q5. What should I do if Lumine Trade Broker blocks my withdrawals?
Stop depositing more money, collect evidence, contact your bank, and seek expert help.
About Scams Report
Scams Report is an independent organization that exposes online investment frauds and helps victims recover lost money. Our experts have over a decade of experience tracking scam websites and maintaining a live database of fraudulent brokers.
We publish verified scam alerts, broker reviews, and recovery resources to protect traders worldwide and promote financial awareness.
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Disclaimer: Online reports, user reviews, and publicly accessible data served as the foundation for this analysis. It is meant to be educational. Before investing with any broker, always do extensive research.
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