Should I trust LumiGain?

https://lumigain.io/

Dear Investor,

Our investigation raises significant concerns about LumiGain's legitimacy as a trading platform.

According to its website, LumiGain claims to operate in the UK and Singapore. However, upon thorough examination, no corresponding records were found with either the Financial Conduct Authority (FCA) in the UK or the Monetary Authority of Singapore (MAS). While the website references a certificate number, closer inspection reveals that the mentioned agency does not possess the authority to regulate foreign exchange activities. Furthermore, the platform provides no valid regulatory information, which severely undermines its credibility.

Adding to the alarm, the Federal Financial Supervisory Authority (BaFin) has issued an official warning against LumiGain. BaFin suspects that the company might be offering financial services or products without the requisite authorization.

We strongly advise against trading with LumiGain, as it exhibits multiple red flags indicative of a potential scam.