Lumacex: honest review, reviews, and exposure of fraud

The Lumacex project claims to have been operating in the market since 2022 and is registered in Singapore. The official website lumacex.com has several language versions, but Russian is not available.

According to the creators, the goal of their project is to provide the most suitable environment for profitable investments and trading in the crypto market.

However, the official web resource lacks information about the organization's registration, as well as information about its control and regulation by such authoritative financial structures as DFSA, CySEC, ASIC, or FCA. There are also no mentions of licenses in public documents.

In addition, there is no data on the office location, and contact information in the form of a phone or email is not available. Interaction with support is only possible through online chat.

Cryptocurrencies and trading on the “Lumacex” exchange

On the Lumacex trading platform, clients can trade a variety of digital assets, including popular and highly liquid coins, stablecoins, and newly issued tokens. These include:

• Bitcoin;
• Litecoin;
• Bitcoin SV;
• Filecoin;
• Ethereum;
• Polkadot;
• Dogecoin;
• XRP;
• EOS;
• IOTA and others.

Cryptocurrency Exchange Lumacex: Features

Regarding the features offered on the “Lumacex” platform, the organizers claim that users get access to a range of options, including:

• a full range of available cryptocurrency assets;
• buying and selling operations of digital currencies;
• transfer and exchange of coins;
• trading with leverage up to 1:100;
• participation in contests and receiving various rewards;
• instant exchanges;
• fast order execution;
• a developed referral program;
• commission fees depending on the selected level;
• VIP levels with extended benefits;
• the ability to store cryptocurrency securely;
• free creation of a crypto wallet;
• round-the-clock access to the platform;
• trading from any device;
• a high level of security and transparency of operations.

Trading commissions for maker and taker are 0.10%. However, the broker does not disclose the minimum deposit required to start trading.

To start trading on the Lumacex platform, users need to go through the registration procedure. For this, they need to provide their email address, create a password, and enter a referral code. Then, they will need to verify their identity through verification, agree to the terms and internal documents of the platform, and then complete the registration process.

How to deposit and withdraw money from the lumacex.com crypto exchange

The official “Lumacex” website lacks sufficient information about the supported transaction methods. Only cryptocurrency wallets are mentioned, and more detailed information about other deposit and withdrawal options can only be obtained after registration.

There are no deposit fees. When withdrawing funds, a fee equivalent to 5 dollars in any digital currency is charged.

It is also reported that in some cases, wallet verification on the platform may be required when withdrawing funds.

Conclusions about lumacex.com

The “Lumacex” platform raises serious doubts about its reliability and security. Despite the declared goal of providing convenient conditions for trading and investing in cryptocurrencies, the lack of information about the company's registration and licensing is alarming. The official website does not present data on controlling authorities such as FCA, ASIC, or CySEC, which calls into question the legality of its activities. Also, the absence of contact details, except for online chat, limits the possibility of direct communication with clients, which is a significant disadvantage for users expecting a high level of trust. In the crypto exchange rating, Lumacex occupies low positions. Before starting cooperation, it is recommended to carefully study the reviews about Lumacex from other users and experts to avoid possible financial risks.