Coin Luminex (coinluminex.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.coinluminex.com.
The spread at Coin Luminex (coinluminex.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a family member had a good experience and initially thought the platform was good - until I started trading seriously.
Pros: Full transparency|Competitive fees
Cons: Minimum deposit could be lower|Limited demo account features
Coin Luminex (coinluminex.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Comprehensive tools|Excellent charting|Regular updates
Cons: No fractional shares|Some tools only available on higher tiers
I experienced a security concern with my Coin Luminex (coinluminex.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Stable platform|Customizable dashboard|Educational resources
Cons: Spreads widen during volatile periods
I joined Coin Luminex (coinluminex.com) through my accountant's suggestion and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Portfolio tracking tools|Copy trading available
Cons: Withdrawal takes 1-2 business days
After spending for a couple of months now trying to make Coin Luminex (coinluminex.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Fast support response|API access
Cons: No dark mode on mobile|No fractional shares
The hidden fees at Coin Luminex (coinluminex.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Economic calendar|Automated trading options
Cons: Charting tools need more indicators|Nothing significant
My withdrawal from Coin Luminex (coinluminex.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since mid-2025 of being strung along.
Pros: Clear documentation|Professional team
Cons: Live chat only during business hours
Customer support at Coin Luminex (coinluminex.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multi-currency support|Helpful community forum|Risk management tools|Low minimum deposit
Cons: Search feature is basic
If you are reading this considering Coin Luminex (coinluminex.com) - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over since early this year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Good mobile app|Dedicated account manager|Multi-device support
Cons: Live chat only during business hours|Minimum deposit could be lower
Coin Luminex (coinluminex.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Regular platform improvements|Clean UI|Comprehensive tools|Multi-currency support
Cons: Account statements could be more detailed|No phone support on weekends