Lummatrade (lummatrade.com) invites you to trade crypto with confidence with broker guidance, real time analytics and secure execution, and offers CFDs and leveraged products. BaFin warned on 21 September 2026 that Lummatrade provides trading and financial services without authorisation.
A dedicated broker by your side
The page title promises modern trading with a dedicated broker by your side. In practice that means a person who calls you, guides your trades and suggests bigger deposits. The footer names only Lummatrade Inc. and a UK mobile number. There is no licence number, no regulator and no address.
Is Lummatrade licensed?
BaFin says it provides services without authorisation.
Who is my broker working for?
Lummatrade Inc., a name with no licence or address.
- Domain registered
- 8 May 2026
- Contact
- a UK mobile number
⚠ What we recorded on Lummatrade
- BaFin warning, 21 September 2026.
- Footer: “© 2026 Lummatrade Inc.”
- Contact: a UK mobile number and a support email.
- CFDs and leveraged products offered.
- Domain registered 8 May 2026.
Why a personal broker is a warning sign
Regulated brokers do not phone retail clients to push trades. A personal account manager on an unlicensed platform is a salesperson whose pay depends on your deposits. When you ask to withdraw, the same friendly voice usually finds reasons to wait.
Assigned a Lummatrade broker?
Write down their name and number.
Lummatrade: Before you send another payment
Ask your Lummatrade broker for the company registration number of Lummatrade Inc. and the regulator that licenses it. Search the name on the FCA register and on BaFin’s database. If neither shows a match, you have your answer, and BaFin has already published a warning. The domain was registered on 8 May 2026.
If you paid by card, call your card issuer and ask about a chargeback. If you paid in crypto, record the wallet addresses and transaction hashes. And if a broker or a stranger contacts you later offering to recover your Lummatrade losses for a fee, decline. That is a common second scam aimed at the same people.
Remember that the name Lummatrade Inc. on its own proves nothing. Anyone can type a company name into a footer. What counts is a licence you can verify, and Lummatrade offers none.
Sources: BaFin consumer warning on Lumma Trade (21 September 2026); lummatrade.com (checked 31 October 2026); RDAP record. General information only.
