Lumosy review lumosy.co Scam

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Lumosy reviews

Information about the project

Lumosy reviews (lumosy.co scam or legit?) A trading platform built for Everyone. Lumosy is a scam, and we’ll show evidence to support our accusations. Lumosy has everything you need to build a trading strategy, get started, and take on the markets. The lumosy.co website says that Lumosy makes the trading experience open to all and as easy-to-use as possible.

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• Lumosy review,
• lumosy.co review,
• Broker Lumosy,
• Lumosy scam or legit,
• Lumosy chargeback.

Are Funds Safe with Lumosy?

With such lack of information and Lumosy being offshore, funds are not safe. Security of funds is a huge problem with offshore brokers. A red flag that we noticed is Lumosy is withholding vital information to users. Lumosy could go bankrupt from one day to another since there are no banking information about this broker.

The scammers will just give you fake charts, and you will really think that you are in the black. But as soon as you want to withdraw money, you cannot do this. Because the real balance will be zero. After all, cunning crooks will simply transfer all your money to their offshore accounts. It is practically impossible to return your money from there, as we have already done before.

About Lumosy

Lumosy review – What the company says about itself: Combining customer satisfaction with technological capabilities at the highest level with the most experienced and trained team in the financial markets, Lumosy is an industry leader that has fully adopted the principles of corporate governance.
Lumosy has been providing its investors with access to Tier 1 liquidity on the foreign exchange, commodity and stock markets for years.
Lumosy consists of trained and experienced teams of experts. The company has sophisticated technology and a very strong financial structure and offers services with a customer satisfaction-oriented approach. The company is honored to provide fast and secure services to all its investors. Lumosy, always dynamic, reliable and innovative, offers its investors a unique investment experience.

Any information/article/material/content provided by Lumosy or is shown on the website lumosy.co is intended to be used solely for educational purposes and does not constitute investment advice and/or consultation on how the client should trade.

Although Lumosy has taken care to ensure that the content of such information is accurate, it cannot be held responsible for any omission/mistake/miscalculation, and it cannot warrant the accuracy of any material and information contained herein. 

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Is Lumosy scam?

Signs of a Fake Broker:

Lumosy is an offshore broker. The problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.

To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why your funds are not safe with Lumosy.

According to the presented results of ex-traders of this project, Lumosy review, which, by the way, are quite negative and unprofitable, the Lumosy company does not withdraw money, which, in principle, was quite expected and logical, also based on the previously mentioned provisions.

1. Lack of Regulation: One of the major signs of a fake broker is the absence of proper regulation by financial authorities. Legitimate brokers are subject to strict rules and standards imposed by regulatory organizations.
2. Unrealistic Promises: Fake brokers like Lumosy may make unrealistic promises of quick and substantial earnings to lure clients. These exaggerated promises should be treated with skepticism.
3. Weak Contacts and Support: A fake broker may have poorly defined contact details and may avoid providing complete and transparent information about their services.
4. Lack of Transparency: Transparency regarding fees, commissions, and the trading process is crucial. Fake brokers may hide this information or be evasive about it. (according to Lumosy reviews)

lumosy.co disadvantages of collaborating with a Fake Broker:

Loss of Funds: Collaborating with a fake broker can expose you to the risk of losing significant investments, as they can manipulate trades to their advantage.

Theft of Personal Information: Fake brokers may request and use sensitive personal information for fraudulent purposes, such as identity theft.

Negative Experience: Collaborating with an unscrupulous broker can lead to a negative financial and emotional experience, with a loss of trust in the market and investments.

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Lumosy Reviews

Real reviews about lumosy.co

Now it is observed that almost every week there are massively negative reviews. People accuse the project of fraud and demand a refund. A rather important detail in the activities of each broker, which has already been proven by more than a dozen reviews on the fraudnotify.com website, is the ability for each trader to freely withdraw their profit.

according by the presented results of the ex-traders of this project, which, by the way, are quite negative and unprofitable, Lumosy does not withdraw money, which, in principle, was quite expected and logical, also based on the previously mentioned provisions.

Important!

Review “Lumosy broker reviews” appeared first on fraudnotify.com © – copying material without the permission of the site administration is prohibited! If you have come across this investment project, please describe your cooperation in the comments on our website. Your review will greatly help other Internet users to save their time, money and mess with Lumosy – https://lumosy.co//

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Lumosy reviews – Conclusion

Conclusion of the review

Lumosy (lumosy.co) is another scam from an anonymous group of scammers who regularly create new pseudo broker sites to scam people. Fraudsters adhere to complete anonymity, hide behind someone else’s legal data. Considering all the checks, it is strongly discouraged to invest in the Lumosy.

How to Protect Yourself:

• Check Licensing and Regulation: Always verify if the broker is authorized and regulated by a trusted financial authority.
• Research Carefully: Conduct thorough research and read independent reviews to assess the broker’s reputation.
• Be Skeptical: Be skeptical of unrealistic promises of earnings, and avoid collaborating with brokers pressuring you to make large deposits.
• Request Information: Request complete and transparent information about fees, commissions, and trading regulations.

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Frequently asked questions about Lumosy:

Lumosy FAQ