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 reporting at Coin Luminex (coinluminex.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Instant funding|Automated trading options
Cons: Limited ETF selection|Mobile app could be improved
The only good thing about Coin Luminex (coinluminex.com) is that they remind you why regulation matters. I found them when my bank disappointed me and I searched for alternatives. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Smooth onboarding|Segregated accounts|Reliable uptime
Cons: Cannot customize dashboard fully
I found Coin Luminex (coinluminex.com) after comparing multiple platforms and the initial impression was positive. But for about eight months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Instant funding|Easy to use platform
Cons: Withdrawal takes 1-2 business days
The onboarding at Coin Luminex (coinluminex.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Smooth onboarding|Quick verification|Stable platform|Regular updates
Cons: Would like more payment methods|Slow to add new assets