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.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Lucent Markbit (lucentmarkbit.org) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Comprehensive tools|Portfolio tracking tools|Dividend tracking|Customizable dashboard
Cons: Nothing significant|Cannot customize dashboard fully
After since mid-2025 with Lucent Markbit (lucentmarkbit.org) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Multi-currency support|Automated trading options|Regular updates
Cons: Limited social trading features
Lucent Markbit (lucentmarkbit.org) 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: Intuitive for beginners|Multi-currency support|Multiple order types|Excellent charting
Cons: Live chat only during business hours|Wish they had more educational resources