Lumichart Reviews 33

Initially, the platform I utilized appeared to be entirely legitimate, featuring seamless deposits and prompt responses. However, upon attempting to withdraw my funds, all communication abruptly ceased.

This is not a good company to reckon with high withdrawal issues , A far ahead better pick has been indicated on the cross high up.

Awful DO NOT TOUCH!!! Still waiting for help to withdraw my funds ! Shame on you people!! Any positive reviews must be fake. I’ve noticed anyone with a positive review doesn’t mention they’ve managed to get any actual money out of these scammers 😡😡😡

Day 22 still no response from the support I'm reporting to the police and Scamreportnow

Fraud! Fraud!Fraud …

After joining the platform, I received a call from an account manager requesting a deposit and proof of IDs. Soon after, I began receiving daily calls from a woman claiming to be a Polish financial advisor living in Switzerland. These calls lasted about an hour each, during which she guided me on trades to open and close without using stop-loss orders, assuring me that the trades would recover. Initially, I made a good profit.

However, she continuously urged me to deposit more funds, particularly to trade Bitcoin.
When I attempted a small withdrawal, I was told it had to be processed through Bitcoin, incurring a high fee. She reassured me that the fee was negligible compared to the profits my account was generating. Her frequent requests for more deposits became concerning, especially when she suggested taking out a loan to invest more money.

Further investigation revealed troubling details: the company was listed as a warning on the IOSCO website (search for "Lumichart" at iosco.org). Although they claim to be based in Switzerland, they are not listed in Switzerland's central business index (zefix.ch), which is similar to Companies House. Additionally, their website was only created on 25 November 2024 and lists an address at Kalkofnsvegur 2, Reykjavik, in the Capital Region—a location linked to fraudulent website hosting information (whois domain lookup).

When I decided to withdraw my funds, the process was unexpectedly blocked despite being previously assured that withdrawals were possible at any time. Access to my account on trade.lumichart has now been locked, with the explanation that it is frozen due to losses from closed trades, even though the closing net value after losses still shows a positive balance overall.

This is very evidently an unlawful company, and should be avoided at all cost.

Aggressive, Bullying tactics, Fraudsters!!!

Any positive review is a lie and made up by them!! My family member has been the victim of fraud. They kept asking for more money from him to be able to withdraw his gains.... Some absolute rubbish about commitment to cover funds whilst waiting for withdrawal to happen...

Anyone should 10000000% stay clear of these.

Philip Knollman, Rachel Hope, April Ford.... all probably stolen identities from other unknowing people... Russian accents claiming to be Polish... Sorry Slavic! Non of my Polish friends ever refer to themselves as Slavic. Philip!!!

I like many others really hope that KARMA comes back to anyone associated with this company...

They hound you to buy and sell currency (which is obviously fake) they email you to tell you that it is all your own idea when transfering money. Make sure you tell the bank it is your idea!!! WOW!! the website seems very fancy until you realise that their signature on the bottom of their email has no hyperlink to a wesbite. Their website is also blocked by any decent Malware software security.

The website was bought through NameCheap, Inc and the owner of the website is UNKNOWN!!! RED FLAG!!!!

I have contacted the Police over this who have confirmed the website is high risk for fraud and deception as well as potential for identity theft!!

The design of this company is to steal money and your identity!!!

Be CAREFUL!!!

Forgery, Fraud and Ponzi Scheme. I got my €60,000 back with the help of the company mentioned in my profile name after completing a report for them.

I was hesitant to leave a review, partly because I wanted to give them the benefit of the doubt and partly because I didn't want to admit to being ripped off, but after over two weeks of trying to withdraw my funds—enduring countless emails, texts, excuses, and now being completely ignored—I have to confirm that this is a total scam.

Please don’t be deceived by the professional-looking website, persuasive sales tactics, or anything they promise. It’s all a façade. Unfortunately, I learned this the hard way.

I'm sure, like me, you work hard to earn your money, so please take this warning seriously and stay far away from these people. My advice, If you have money to waste, donate it to charity—at least it might go to a good cause - and you might get some good karma, you will certainly get more back than I did from this dodgy bunch (which is currently zilch). But whatever you do, please DO NOT give them a penny.

UPDATE 17.03.25: Despite the many promises that the transfer of my balance is being processed, I received a call from someone supposedly from their finance department today explaining that, because I'm closing my account, I must have at least $50k funds in my account to enable my withdrawal. They very "kindly" gave me a few options though; I could top up my account to bring it up to $50k (what??!), continue trading so that my funds eventually reach $50k (really??!) or alternatively I could pay further fees for the SWIFT transfer (on top of what I stupidly paid previously).

Please learn from my mistake. These guys are pro scammers: avoid, avoid, avoid.

UPDATE 09.04.2025: They're now threatening to apply "holding fees". The audacity of these people is unbelievable. Avoid like the plague.

No one with real experience with write positive review, It is so sad that I had to r e port M 4 D R' L T D before I would take out could be done, Every other approach are nothing but waste of time.

Horrible. Would not recommend. Very very bad would not leave me alone keeps calling me everyday and I am not interested and they are harassing me over the phone. Awful company, very mean and degrading people because I am a female

At first, I thought there were no such things as reliable trades but I decided to join a trade channel. I don't know about others but lumichart has been highly accurate for me, predicting almost 100% correctly.

Following my earlier review of Feb 14th still getting constant harassment from Rachel Wood plus daily phone calls from different numbers but no comments re my very negative earlier review. They should be closed down.

Best trade service provider, is honest and an expert in forex trading. I have been using the service for a while now without any issues. If you want to see real profits, use their service. Deserves 5 stars!

Look after! these are scammers. The trading platform is fake and set up to take your money. Paying out your balance is not possible. They try to make you pay all kinds of fees and taxes, but your money is never transferred. The company continues to call from different phone numbers, multiple times a day. Rachel Hope (obviously an alias) is part of organized crime. Don't fall for it!!

Lumichart is a Scam,

Here is the business model

1. They get you to sign-up , by saying its 'AI' based investment and harassment, and fake made-up reviews on TrustPilot.
2. They take your funds through bitcoin, so none of the history is tracked for transactions.
3. They rig the algorithm in such a way that you lose all your funds trading, so all money goes to them
4. Dissappear after all of the above.

My suggestion is to report the domain to Law Enforcement or the Cybersecurity division in your respective countries. I have.....

After being phoned several times after I made inquiries, I signed-up to try out their platform. Then, after receiving a lot of further information, I decided that the deal was sketchy and that I was not interested. I requested my money ($365.00) be returned. I was called repeatedly by a 'Rachel Hope' who argued with me about my decision to withdraw saying further that it 'took time' to return my funds (it took about 10 seconds to receive the funds!).....and, that she'd need further personal details! This outfit is nothing but a scam designed to lure people then refuse to return their funds. Stay away!

JOined about a month ago and after a couple of days changed my mind as I became suspicious of the hard sell and constant pressure to trade. So left. However have had phone calls (all different numbers) and texts and emails every day since, though I do not now respond or answer the calls, never known such harrassment. Not tried to cash in my apparent small "profit" as suspicious of further contact

One of the best trading Firms with good price and good service the Website is easy so you not have any problem to find something.

The company can improve by stop calling people thousands of times although they made it clear they are not interested!! Do not leave your phone number on their website, you will never get rid of their phone calls, it;s the third month in a row when I get a few phone calls a day, to ask the same stupid questions. Every time is a different phone number.