Lucent Markbit (lucentmarkbit.org) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 45 Clarence Street Sydney NSW 2000 Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: lucentmarkbit.org.
After since I opened my account last year with Lucent Markbit (lucentmarkbit.org), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Regular updates|Copy trading available|Clear documentation|Quick verification
Cons: No phone support on weekends|Spreads widen during volatile periods
Lucent Markbit (lucentmarkbit.org) 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: Multi-device support|Regular platform improvements|Social trading features|API access
Cons: Limited ETF selection
Do not be fooled by the professional-looking website. Behind the scenes, Lucent Markbit (lucentmarkbit.org) is disorganized and incompetent. I found them after a trusted YouTuber reviewed them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Personal attention|Dividend tracking|Instant funding|Copy trading available
Cons: Limited social trading features|Onboarding videos are outdated
My withdrawal request from Lucent Markbit (lucentmarkbit.org) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Clear documentation|Regular updates|Multiple order types|Good analytical tools
Cons: Help articles are sometimes vague
Lucent Markbit (lucentmarkbit.org) locked my account without warning and demanded documents I had already submitted. since the beginning of the year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Wide product range|No hidden fees|Easy withdrawals|Multi-currency support
Cons: No phone support on weekends
Do not believe the bonus offer from Lucent Markbit (lucentmarkbit.org). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through my accountant's suggestion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Responsive team|Risk management tools
Cons: Help articles are sometimes vague
The platform at Lucent Markbit (lucentmarkbit.org) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over three years of dealing with this, I have had enough.
Pros: Tax reports included|Social trading features|Economic calendar|Educational resources
Cons: No phone support on weekends|Help articles are sometimes vague
I wanted to transfer my portfolio from another broker to Lucent Markbit (lucentmarkbit.org). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Risk management tools|Fast deposits
Cons: Onboarding videos are outdated|Help articles are sometimes vague
The so-called education at Lucent Markbit (lucentmarkbit.org) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for close to eighteen months thinking they would help me learn.
Pros: Excellent charting|Good mobile app|Low minimum deposit|Fast execution
Cons: No crypto staking
I gave Lucent Markbit (lucentmarkbit.org) a fair chance. After for just over a year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Social trading features|Reliable uptime|Easy withdrawals
Cons: No fractional shares|Mobile app could be improved