Lumine Trade (lumine-ltd.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 61251108353, 442034359251, 14388047756
Addresses: 10 Finsbury Square London EC2A 1AF UK 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.lumine-ltd.com.
I have been trying to close my account with Lumine Trade (lumine-ltd.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Stable platform|Two-factor authentication
Cons: Wait times can be long during peak hours
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Lumine Trade (lumine-ltd.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Copy trading available|Automated trading options|Clean UI
Cons: Research section could be deeper
The onboarding at Lumine Trade (lumine-ltd.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: Regular updates|Great customer service|Comprehensive tools|Real-time alerts
Cons: No fractional shares
After using Lumine Trade (lumine-ltd.com) for over a year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Educational resources|Excellent charting|Risk management tools|Instant funding
Cons: Cannot customize dashboard fully
I wanted to transfer my portfolio from another broker to Lumine Trade (lumine-ltd.com). 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: Quick verification|Fast deposits
Cons: Desktop app not available on Linux
Lumine Trade (lumine-ltd.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Full transparency|Instant funding|Excellent charting
Cons: Limited social trading features
I experienced a security concern with my Lumine Trade (lumine-ltd.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: Real-time alerts|Two-factor authentication
Cons: No integrated tax optimization
Where do I even begin with Lumine Trade (lumine-ltd.com)? for over a year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Transparent fees|API access
Cons: Search feature is basic
I found Lumine Trade (lumine-ltd.com) after comparing multiple platforms and the initial impression was positive. But since mid-2025 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: Easy to use platform|Reliable uptime|Easy withdrawals
Cons: Minimum deposit could be lower|Limited cryptocurrency options
KYC with Lumine Trade (lumine-ltd.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Economic calendar|Segregated accounts
Cons: Slow to add new assets|Wait times can be long during peak hours