Vedit Luminus is a forex broker whose official website domain was registered on February 27, 2024, primarily offering investors financial derivative trading services in forex, stocks, indices, energy, metals, and ETF CFDs. This broker does not provide services in jurisdictions that may violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the official website of Vedit Luminus reveals that the broker has multiple corporate entities and is regulated by several regulatory bodies. Vedit Luminus Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with license number 1780019. Vedit Luminus (registration number HRB11677B) is a designated agent of Ultra Booster Trade Ltd, registered with the Federal Financial Supervisory Authority (BaFin) in Germany. The broker has been authorized by the Financial Services Commission (FSC) of Mauritius as an investment dealer and is regulated by it since October 2, 2017, with license number C17554381. TVH Ltd is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD0175.
According to the verification of its official website, the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Financial Services Commission (FSC) of Mauritius, and the Financial Services Authority (FSA) of Seychelles have not found any regulatory registration information for this broker.
Opening an Account:
To open an account with Vedit Luminus: Visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” at the top right corner of the page to enter the account registration page. Fill in the required personal information such as name and email address, set a login password, and submit. Once the application is submitted, the account is successfully registered.
Account Types:
Vedit Luminus offers users a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, and EXECUTIVE. However, its official website does not disclose related information such as spreads, trading leverage, margin requirements for stops/losses, contract sizes, trading commissions, minimum/maximum trading volume, maximum positions/orders, and minimum price precision.
Trading Platform:
Vedit Luminus offers users a proprietary trading platform.
Deposits and Withdrawals:
Vedit Luminus supports deposits and withdrawals via local banks, e-wallets, or cryptocurrencies.
Conclusion:
Traderknows reminds investors that Vedit Luminus is a scam platform providing false regulatory information, with its website design and content identical to those of brokers such as Sterling Asset, FS Main, Venus Mining, Upfront Fx Trade, Safe Invest Trades, and Reliable Bitcoin Mining. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary losses to their assets.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
