Is LumiGain a legit firm?

https://lumigain.io/

Dear Investor,

LumiGain is a potential scam.

The company cannot provide valid licensing information to back up its regulatory claims. It purports to be supervised by the Crypto Standards Commission, which cannot be considered an official financial market supervisory authority. The Federal Financial Supervisory Authority (BaFin) has issued a warning about LumiGain, advising investors to stay away from the unauthorized trading platform.

Therefore, LumiGain is not a legitimate firm and poses substantial risks to investors. To protect your investments, it is critical to do thorough research on your chosen brokers before risking real money.