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Lumio Technologies
United Kingdom
2017 (8 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Lumio Technologies
Company Information
Get to know Lumio Technologies
Lumio is your Intelligent financial mentor. Using tailor-made technology to grow your money around your lifestyle, in minutes. Lumio empowers customer to connect your accounts in one place, de-clutter the marketplace and begin growing your money in a meaningful manner. We work across all possible avenues of personal finance. Providing guidance on current, savings and investment accounts to settle on the perfect balance for you. We sit above the most innovative and simple providers in the market which allows us optimise your finances line with your aspirations.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
- Technology Software Development
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