Lumine Tradeline has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Several red flags with Lumine Tradeline: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
After for about eight months with Lumine Tradeline, 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: Copy trading available|Comprehensive tools
Cons: Minor UI glitches occasionally|Limited ETF selection
I signed up with Lumine Tradeline after reading several online reviews and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Dividend tracking|Fast execution|Tax reports included
Cons: Withdrawal takes 1-2 business days|Some tools only available on higher tiers
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Lumine Tradeline is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
My card was charged twice by Lumine Tradeline on the same day. I had to dispute it with my bank. Lumine Tradeline then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Tax reports included|Fast support response|Risk management tools
Cons: Limited social trading features