Lumina Group – According to information found on the company’s website, the broker is a service provider for investments in the areas of Forex, metals, energy, agriculture and indices, which provides its customers with various services.

If you have invested capital with the investment service provider Lumina Group and now have complications with the repatriation, our lawyers will be happy to help you.

Lumina Group – Experiences of investors

Currently, there is an extremely high number of investment service providers such as Lumina Group. This means that investing in the unpredictable financial markets has never been easier, but also riskier. Especially because there are numerous opportunities, choosing an online platform can be time-consuming and daunting.

Especially if you want it to match your personal investment plans. Have you already invested with Lumina Group? In this case, the following aspects are important for you as an investor.

  • An optimal place for investors to go to learn about securities, futures, options and cryptocurrencies is a website like this one.
  • Access to the transnational stock markets becomes more convenient and affordable for capital investors through online investments.
  • State-regulated brokers on the internet, reputable websites, fees and brokerage charges, product options and customer feedback are just selected criteria you should plan for when making your final decision.

The following statements are general tips for investors – regardless of the platform you invest in.

Lumina Group: Think through investments and proceed strategically

Investors have a wide range of investment opportunities at their disposal, with reliable and questionable financial service providers vying for their favour. There are many signs that a service or offering is not reliable, and it is important to focus on this. Here you will learn what to look out for in the event that you invest your hard-earned money.

Banking, financial services and insurance companies such as Lumina Group are only allowed to operate in Germany with government authorisation. The companies have received authorisation, but this in no way means that the products they sell are of excellent quality.

Assuming that a prospectus or information sheet approved by the Federal Financial Supervisory Authority has already been published, trading papers and financial investments alike can be made available to the general public. BaFin simply ensures that prospectuses are complete, catchy and coherent.

Lumina Group’s prospectus or information sheet is not required in every circumstance. Before you invest, you should consider your sustainable plans and whether you have the economic means to achieve them. Do not rush the process.

Before putting your capital into an investment, take time to review the pros and cons. Do not make a decision instantly, even if you have consulted with others.

Lumina Group – did the contact request happen by email?

Have you ever received investment proposals by email from a financial services provider like Lumina Group that you are not aware of? Do you receive fax messages from the stock exchange that you have by no means requested? Or have you received an apparent “insider tip”?

Investors should beware of such suggestions, because they are often spread by unscrupulous people or online brokers who want to make a profit by selling securities from a fictitious success story. Cases have also come to light in which consumers are consulted by a supposed stock exchange supervisory authority.

It is falsely told that the people written to have become victims of a fraud and that the corresponding data has been passed on to the stock exchange supervisory authority by the alleged Federal Public Prosecutor’s Office in Karlsruhe. The persons contacted are asked to fill out an online form.

This is a clear attempt at fraud. In any case, we advise you not to contact the same person or to disclose personal information such as user names, passwords, credit card numbers or other identifying information such as your account data with Lumina Group.

Detect Pump and Dump in time and protect yourself

The term pump and dump is used to describe a practice in which the price of a stock is unnaturally inflated by insiders. This share is then sold again at a loss to the other investors. This is therefore a fraud. A fraud that profits from the ignorance of small investors and stock market novices.

This tactic is therefore not allowed in a controlled stock market and for companies like Lumina Group. The crypto market, on the other hand, is still by and large “Wild West” when it comes to these very tactics. Because of this, extreme caution is required!

Pump-and-dump scams are more common there in connection with the altcoins commonly referred to as such. The pump and dump scam is used by criminals to drive up the price of an unknown or possibly independently created currency.

They achieve this by propagating false information on the WWW or in social media or by recruiting co-investors with unreasonable profit expectations. Therefore, make sure that the provider Lumina Group provides you with all the necessary information on this subject.

Distribution only realisable after additional payment?

Investors are often wooed by a “broker” or a call centre employee the moment they have registered on the supposed online trading platform. The intention is to persuade the investor to increase their permanent investments in order to maximise their income. This is also a legal goal of the Lumina Group broker.

Immediately after the investor has deposited his capital, possibly preliminary profit developments are displayed on his user account. This should encourage the investor to continuously invest in the financial instrument.

However, by using fraud software, website operators can fake improper account changes and earnings, even without the consumer being aware of it.

Check that accounts can be verified equally with Lumina Group.

In reality, no trading takes place on several online trading platforms per se. Instead, the deposited money is transferred by the fraudsters to accounts abroad. This is not noticed by the investors at first.

The “providers” delay the disbursement of the funds presented by demanding payment of allegedly incurred taxes and processing costs from the investors. The deceptive manoeuvres only serve the purpose of increasing profits.

Sooner or later, communication breaks down completely. The capital paid is no longer there. From that moment on, the only thing left to do is to go to a lawyer to take further action.

Are the exit alternatives unresolved?

Make sure you know at what time and how much money will be paid out. At best, avoid long-term contracts that cannot be cancelled early or where you would experience high monetary losses.

Conclude longer-term contracts without the possibility of early termination solely with service providers such as Lumina Group, whose reliability you have no doubts about. Even if you have the option to waive or cancel a contract at any time over a specified period, be critical.

Even if you have this coverage, you still remain vulnerable to financial loss. Make sure you know exactly how much money you will get back if the money deal goes wrong. The following rule applies to share transactions:

Before the end of the term, find out what options you have to sell a security.

It is usually crucial to know whether there is a liquid market for products such as those offered by Lumina Group. It is possible to sell shares through a broker or financial institution. All 3 methods are approved for placing a sell order.

The actual selling process is then executed via a stock exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks). With order supplements, the execution of the order can be controlled in advance. The sale of the shares takes place at a time and place determined by you.

Do you want to recover your investment from Lumina Group? Our lawyers can help

You have invested capital with Lumina Group, or a similar service provider? Now there are difficulties with the repatriation? Then it is advisable to block additional payments immediately. This is especially true if the broker demands additional payments to make up for deficits. Furthermore, one should attempt to recover the lost capital.

Here, aggrieved private investors can seek investor protection and turn to the lawyers of our law firm. Our law firm examines both civil and criminal law options as well as possible claims for damages against the financial provider and against involved payment service providers such as financial institutions.

“One can no longer speak of an exceptional case when a private investor loses money in online trading. Many investors are deceived by the professional behaviour of the service providers and only realise too late that they are not responsible for their losses.”

Our recommendation is therefore not to despair, but to react quickly and energetically. Because the prospect of recovering the lost capital is usually greater than the aggrieved investors suspect. Would you like to talk to one of our lawyers about the Lumina Group? Then click here to go directly to our contact area.