Luxtious

Luxtious Review

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The important factor in online trading success is picking a reliable broker who can be trusted. Since it entered the market, Luxtious received a notice and negative news. Through this Luxtious review, we’ll analyze the platform using regulatory supervision and user feedback against its functional practices to answer whether Luxtious is legitimate.

Overview of Luxtious

Luxtious introduces itself as an advanced broker with sound investment opportunities. It boasts a user-friendly trading platform, various financial products, and alleged exceptional customer service. But all these assurances appear to be a masterfully prepared deception to lure impulsive traders into an investment trap. This review uncovers the deceitful workings of Luxtious and the dangers involved.

Key Components

  • Company Name: INTERMARKETS Corp. Ltd.
  • Website: https://luxtious.com/
  • Available Contacts: [email protected]; +18007059578
  • Foundation: 2023
  • Services: Forex/CFD trading

1. Fake Licensing and Regulator Loopholes

The regulatory status of any reliable broker is the most critical aspect. Luxtious seems to be regulated by MISA (Mwali, Comoros Union), which has a reputation for offering no or minimal regulation. The absence of strict regulation leaves investors exposed in case of disputes or fraud. 

2. Manipulative Trading Platform

Luxtious site promotes a high-tech trading platform with cross-device support. Traders quickly discover, however, that the platform cannot be accessed unless they go through authorization, for which they are asked to deposit funds. This tactic forces users to deposit money without even experiencing a preview of the functioning of the platform, a scheme used by fraudulent brokers.

3. Intensive Sales Tactics

Luxtious employs aggressive account managers who make contact with potential traders unrequested. They exercise mental pressure and psychological influence to attract traders to put in lots of money, promising them guaranteed gains. Once the traders attempt to withdraw their earnings, it is difficult to communicate, and more financial demands surface.

FAQs

1. Is Luxtious regulated?

Luxtious has a listing of MISA (Mwali, Comoros Union), which is a weak regulator having very limited powers. This grants no true protection to the investors.

2. Can I withdraw money from Luxtious?

Several traders have had issues with attempting to receive a withdrawal of money. The corporation fakes different reasons to skip making payouts in the form of fake security checks and added charges.

3. What can I do if already deposited money?

If you invested in Luxtious, cease depositing more money instantly. Report to financial regulators and speak with an attorney to attempt to get your money back.

4. Legal substitutes for Luxtious?

Yes, the trader should invest only with the highest-grade regulatory institutions such as the FCA, CySEC, SEC, or ASIC-regulated brokers. Such regulatory bodies maintain strict observation and enhance investor protection.

Conclusion

Luxtious is a scam broker created to scam investors by using false assurances, unethical trading practices, and falsified withdrawal limitations. The best strategy is to avoid this platform altogether and look for regulated brokers with good reputations.

If you lost your money, act fast by reporting the Luxtious scam, getting chargebacks, and consulting scam recovery specialists. Begin your recovery process today with CryptoScams.com.au.

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