LumineTrade Review

About LumineTrade

LumineTrade (also known by domains including lumine-ltd.com, lumine-trd.com, luminetrade.com, webtrader.luminetrd-ltd.com, and mobtrader.luminetrd-ltd.com) is not authorised by the UK Financial Conduct Authority (FCA) and has been officially designated as a clone of two FCA‑authorised firms: CoinShares Capital Markets (UK) Limited (FRN 828561) and Lumin Wealth Limited (FRN 775068); the FCA issued this warning due to impersonation, noting that the clone firm has no connection with the genuine authorised entities ().

The Ontario Securities Commission (OSC) issued an investor warning on October 7, 2024, noting that LumineTrade (operating via lumineltd.com and lumine-trd.com) is not registered in Ontario to engage in trading in securities ().

Multiple additional regulators—including ASIC (Australia), AFM (Netherlands), AMF and ASC (Canada)—have issued alerts or warnings indicating that LumineTrade is unregulated and potentially fraudulent; the entity claims to operate under UIT Solution LTD, registered in the Marshall Islands, but this registration does not constitute financial licensing or regulatory authorization ().

Pros and cons

Pros

• No confirmed regulatory approval or licensing exists.

Cons

• FCA‑identified as a clone firm impersonating two authorised UK entities (lumine‑ltd.com, lumine‑trd.com, others) ().
• Not registered to provide financial services in Ontario, per OSC warning (October 7 2024) ().
• Unregulated by major authorities (FCA, ASIC, AFM, AMF, ASC) despite claims of operation by a Marshall Islands entity ().