Lumina Group Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-01-04 18:32

Abstract：Lumina Group says it is an online trading platform providing clients with the opportunity to trade various financial instruments through multiple trading accounts, with the maximum trading leverage up to 1:500. It is clear that Lumina Group is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.05/10. Please be aware of the risk.

　　Since Lumina Groups official website cannot be opened for now, we could only piece together the rough picture of this broker through gathering some relevant information from other websites.

Basic	Information
Registered Countries	N/A
Regulation	No License
Minimum Deposit	€ 250
Maximum Leverage	1:500
Minimum Spread	From 0.1 pips
Trading Platform	N/A
Trading Assets	N/A
Payment Methods	N/A
Customer Support	Email Only

　　General Information

　　Lumina Group says it is an online trading platform providing clients with the opportunity to trade various financial instruments through multiple trading accounts, with the maximum trading leverage up to 1:500.

　　It is clear that Lumina Group is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.05/10. Please be aware of the risk.

　　Account Types

　　Believe or not, Lumina Group provides a total of 9 types of tiered trading accounts for clients to choose from, namely Student, Pro, Pro+, Professional, Expert, Business, Platinum, and Luxury. To open a most basic account, 250 euros is needed. And the most expensive trading account, the Luxury account, requires the 100,000 euros.

Account Types	Minimum Deposit	Minimum Spreads	Maximum Leverage
Student	€250	0.1 pips	1:10
Pro	€1000	1.2 pips	1:20
Pro +	€2500	1.3 pips	1:50
Professional	€2500	0.1 pips	1:100
Expert	€10,000	1.2 pips	1:20
Business	€25,000	0.1 pips	1:400
Platinum	€75,000	1.2 pips	1:450
Luxury	€100,000	1.3 pips	1:500

　　Leverage

　　When it comes to leverage, Lumina Group provides its customers with access to 1:500, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

　　Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

　　Customer Support

　　Lumina Group offers the poor customer support and clients can only get in touch with this broker through an email: support@luminagroup.io.

　　Risk Warning

　　Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

　　The information presented in this article is intended solely for reference purposes.

　　Pros & Cons