Broker Review

Unauthorised Firm Details

Name: Luminatox.net
Website: luminatox.net

Luminatox accessable at luminatox.net claims itself as an investment Platform. They are offering SILVER, GOLD, FOREX, COMPANY SHARES & REAL ESTATE Plan which depending on the plan requires a minimum deposit from $50 to $3,500 and a maximum deposit upto $1,000,000. They are promising a daily profit from 2% to 5% regardless of any other factors like Market condition, inflation or any other economical aspects. Luminatox has recently raised red flags due to warnings issued by FCA and recent scam reports.

On 15th October of 2024, The FCA (Financial Conduct Authority) published an news article on Luminatox in their website clearly mentioning “This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.” These warnings raise serious concerns about the Luminatox’s regulation status.

Luminatox on their website showcasing their Board of directors and after checking we found that it’s all fake and those are mostly AI Generated and Downloaded images. Also in their website they are providing a UK Phone number and they are heavily doing marketing in UK Market but as we already know all firms operating in UK much be get authorization from FCA but they didn’t instead recently got warning. Which means Luminatox operating as an unauthorized financial entity.

Upon further investigation we also found that the domain www.luminatox.com is reregistered in 22th May of 2024 only for a year which. Also noticable fact is that the company is providing USA based information for domain Registry. Which is highly unusual and suspicious for a company based on UK. Also recently they have enabled privacy mask to hide their registry information. We also got several reports of fraudulent activities throughout our investigation and there are many more reports on verified reviews websites.

What Independent Sources Say: Concerns & Red Flags

However, when you look beyond their promotional content, many warning signs appear. Several watchdogs, brokers, and review sites raise serious concerns. Here are the main issues:

1. Regulation is False or Missing

   • Luminatox claims to be regulated (even listing major jurisdictions), but there is no evidence in official regulator registries to support those claims.

   • The UK’s Financial Conduct Authority (FCA) issued a warning that Luminatox is providing financial services or products in the UK without authorization.

2. Low Trust Score / Risky Reputation

   • On sites like Scam Detector, their trust score is very low.

   • Gridinsoft flagged the site as a “cryptocurrency scam.

   • Trust‑Radar likewise lists the company as unregulated and suggests caution.

3. Lack of Transparency & Possible Deceptive Marketing

   • The company claims large numbers of users and large amounts of deposits, but verification of those numbers is lacking.

   • Some information about company leadership might be unverifiable.

   • Terms like “fully regulated across Europe, the Middle East and Asia” and “25 years trusted” are used, but no regulator is definitively shown to have issued the authorizing licenses.

4. Warnings from Regulatory Bodies

   • The FCA warning is one such example.

   • BrokersView, an analyst of Forex brokers, classifies Luminatox as a “scam” due to its claiming licenses it doesn’t actually have.

   • Reported Complaints / Difficulties

   • Users report issues with withdrawal of funds.

   • Some reports suggest the site may go offline or become uncontactable after regulatory warnings.