Lucent Markbit (canoevortex.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: canoevortex.com.
I referred a friend to Lucent Markbit (canoevortex.com) while looking for alternatives to my previous provider. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Dedicated account manager|Demo account available|Good mobile app
Cons: Alert system is basic|No live chat on mobile
Lucent Markbit (canoevortex.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Fast deposits|Low minimum deposit
Cons: Limited cryptocurrency options|Nothing significant
Do not be fooled by the professional-looking website. Behind the scenes, Lucent Markbit (canoevortex.com) is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Risk management tools|Customizable dashboard|Copy trading available
Cons: Wish they had more educational resources|Account statements could be more detailed
The only good thing about Lucent Markbit (canoevortex.com) is that they remind you why regulation matters. I found them from a blog post comparing services. 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: Competitive fees|Two-factor authentication|Multi-device support|Responsive team
Cons: No phone support on weekends
Lucent Markbit (canoevortex.com) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Customizable dashboard|Demo account available|Fast execution
Cons: No fractional shares
I requested my data from Lucent Markbit (canoevortex.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Dedicated account manager|Educational resources|Easy to use platform|Excellent charting
Cons: Mobile app could be improved|Research section could be deeper
If you are reading this considering Lucent Markbit (canoevortex.com) - run. I wish I had read more negative reviews after attending a webinar they hosted. I thought the positive ones were real. Maybe some are. My experience over for close to eighteen months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Customizable dashboard|Dividend tracking|Comprehensive tools
Cons: None so far|Search feature is basic