Lucent Markbit is a new Australian broker that is gaining traction in the financial realm. They claim that their platform is infused with AI capabilities that help people make better decisions when it comes to trading across a wide range of assets. We inspected their platform and found a few concerns.
Moreover, their regulatory status was also verified and clearly they are operating illegally. ASIC has issued a warning about this platform and that concludes any kind of ambiguity one might have had. Continue reading to know the other aspects of this platform.
Lucent Markbit Overview
This platform is apparently geared towards Australian investors that want to get exposure to futures, cryptocurrencies and other assets. Clearly, they are targeting a particular demographic, but they don’t have anything solid to justify their statements. Moving on to the trading part, the information provided is scarce.
Spreads, fees and other associated costs are not discussed by them. The FAQ section on their website is not doing any favors to the clients.
Contact Details
We found an address and an email ID on their platform. Note that working hours and response time are not guaranteed by them.
Address – 45 Clarence Street Sydney NSW 2000 Australia
Email – support@lucentmarkbit.com.au
Is Lucent Markbit Scam or Legit?
Lucent Markbit is most probably a shady platform. On one side ASIC warnings tell us everything we need to know. Plus, the lack of clear explanation regarding the fees or about funding is beyond concerning.
We suggest you look and deposit only with regulated brokers that have been around for a few years. Remember, safety of funds is the first thing that matters in the world of finance.
Conclusion
In case you have already invested money on this platform, try to withdraw it at the earliest. For any reason, if you are having a tough time getting the funds back, raise a complaint with local authorities and reach out to us to explore the other options available.
