Luminoquasar is a Contract for Difference (CFD) broker with a domain name registered on May 20, 2024. This broker primarily offers investment services in trading markets such as forex, commodities, indices, bonds, cryptocurrencies, and stocks to retail and institutional clients. It does not provide services to countries and regions where offering such services might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on its official website, Luminoquasar (luminoquasar.com) is registered in Seychelles. The company's legal entity is "Raw Trading Ltd," which is regulated by the Seychelles Financial Services Authority (FSA) with the securities dealer license number SD018.
After verification, it was found that the official website of the company named Raw Trading Ltd with license number SD018, registered with the Seychelles Financial Services Authority (FSA), is actually www.icmarkets.sc and not luminoquasar.com. This company is the legal entity of the well-known broker IC Markets registered with the FSA, and it has no connection with Luminoquasar.
Therefore, Luminoquasar (luminoquasar.com) is actually a fraudulent broker website with no legitimate company entity or regulatory oversight.
Account Opening Process
The account opening process for a Luminoquasar trading account involves: visiting the broker's official website, clicking "Open an Account" or "Log in" at the top right corner of the page to enter the account registration page, filling in required personal information such as name, phone number, email, setting a login password, and submitting. Once submitted, you need to verify your account to complete the registration successfully.
Trading Account Information
Luminoquasar offers three different types of trading accounts: cTrader ACCOUNT, Raw Spread ACCOUNT, Standard ACCOUNT.
cTrader ACCOUNT:
- Trading Platform: cTrader
- Commission (per lot per side): $3.0 (round trip $6.0)
- Spread: From 0.0 pips
- Minimum Deposit (USD): $200
- Leverage: 1:1000
- Maximum Open Orders per Account: 2000 lots
- Server Location: London
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFD Trading: Supported
- Stop Loss Margin Level: 50%
- One-Click Trading: Supported
- Islamic Accounts: Supported
- Allowed Trading Methods: All
- Order Distance Limit: None
- Programming Language: C#
Raw Spread ACCOUNT:
- Trading Platform: MetaTrader
- Commission (per lot per side): $3.5 (round trip $7.0)
- Spread: From 0.0 pips
- Minimum Deposit (USD): $200
- Leverage: 1:1000
- Maximum Open Orders per Account: 200 lots
- Server Location: New York
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFD Trading: Supported
- Stop Loss Margin Level: 50%
- One-Click Trading: Supported
- Islamic Accounts: Supported
- Allowed Trading Methods: All
- Order Distance Limit: None
- Programming Language: MQL4
Standard ACCOUNT
- Trading Platform: MetaTrader
- Commission (per lot per side): 0.0
- Spread: From 0.6 pips
- Minimum Deposit (USD): $200
- Leverage: 1:1000
- Maximum Open Orders per Account: 200 lots
- Server Location: New York
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFD Trading: Supported
- Stop Loss Margin Level: 50%
- One-Click Trading: Supported
- Islamic Accounts: Supported
- Allowed Trading Methods: All
- Order Distance Limit: None
- Programming Language: MQL4
Trading Platforms
Luminoquasar claims to offer MT4/MT5 trading platforms to its users, but the provided download links are not accessible and information about this broker cannot be found on MT4 or MT5.
Deposits and Withdrawals
Luminoquasar supports deposits and withdrawals through Skrill, PayPal, Mastercard, VISA, NETELLER, and UnionPay.
Conclusion:
Traderknows reminds investors that Luminoquasar is a fraudulent broker website that has stolen regulatory information from IC Markets. In reality, it has no corporate entity or regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Suspected Fraud" on Traderknows.
