Luxtious

Luxtious

Luxtious doesn’t differ much from hundreds of similar projects. Here, traders are promised exclusive benefits, such as an expanded selection of trading instruments, minimal commissions, and premium-level support. However, all these promises are nothing more than bait for clients’ money. As you understand, we are convinced that this broker is a scam. More details about the platform and its offers are in our luxtious.com review.

Overview of Luxtious

First of all, traders are recommended to familiarize themselves with the broker’s official website. This is where you can see all the offers and platforms for users. Let’s start getting acquainted with it.

Broker History

Luxtious is a young company, with its history beginning in 2023, created in April. However, it doesn’t provide any other information about itself, its achievements and awards, or plans. What can be said when the broker doesn’t even have a proper “About Us” page? All the creators of the platform intended to share were documents regulating client relations, FAQs, and a couple of offers on why traders should choose it.

We have no doubt. The broker simply has nothing to say about itself. Of course, we will check the time of its existence on the web using information from open sources. This will allow us to assess, at least, how reliable the information clients receive from the company is.

Luxtious.com Website Review

The first impression from acquainting with the official website turned out to be quite pleasant. Web designers managed to find harmonious color combinations, saturate pages with graphics, and skillfully arrange materials on the pages.

However, the content creators quickly spoiled this impression. It turned out that the informational value of most pages of the website is practically zero. For example:

• On “Platform” page, clients are vividly described the advantages of desktop and mobile terminal versions and even offered to download it. However, clicking on them does not initiate downloading, as all links lead to a login page. Is the company’s software so secretive that it can only be entrusted to registered users?
• The broker prefers not to talk about itself. However, it did not miss the opportunity to once again advertise itself and its merits, albeit without any facts.
• The company decided that even descriptions of asset groups available for trading would be unnecessary. What can be said in this case about contract specifications?

The list of such problems on Luxtious’s official website could go on. However, even with the already mentioned ones, it becomes clear that it was created by people who have no idea about brokerage activities and traders’ interests. As a result, it turned out as usual for scammers: a worthless official website with a minimum of info on it.

Trading Platform

Unfortunately, we were unable to review the Luxtious trading terminal without an active account. However, this does not negate some questions that arose for us about the broker while studying “Platform” page. The company mentions the ability to download software for various desktop operating systems for PCs (Windows, MacOS, Linux) and mobile devices. However, it was not possible to download them from the platform’s servers because it requires logging into the client’s workspace.

At the same time, such programs were not found in the official Google PlayMarket and AppStore. Why aren’t any applications available? Perhaps they do not meet the platforms’ requirements? Or do the owners of the project themselves violate the rules of the stores?

Analysis of Services Offered by Broker Luxtious

Among the main questions when reviewing trading offers are the conditions. Let’s take a look at how broker handles these aspects.

Funding and Withdrawal

Without an active account, we were unable to familiarize ourselves with the organization of financial operations. We also did not see the broker’s details. However, in the FAQ section, the company claims that clients can use the following payment methods:

• Bank transfers.
• VISA/MasterCard transactions.
• Cryptocurrency transactions.

Here, the firm uses the same tactics as many other fraudulent projects. It does not provide any characteristics of transactions: limits on amounts, execution time, or commission rates.

Details could have been obtained in the personal account. However, we never gained access to it. Therefore, we cannot say whether all the declared payment methods are actually used and whether the company provides details for transfers. It seems to us that in this regard, Luxtious trading platform acts like ordinary scammers — using cryptocurrency wallets or drop cards.

Luxtious Trading Conditions

The developers have been able to showcase all their talents in publishing trading conditions, or more precisely, tariff plans. Traders are offered a choice of 6 types of accounts. They differ in the minimum deposit amounts and lists of options.

• Beginner – $2,500.
• Standard – $5,000.
• Intermediate – $25,000.
• Advanced – $50,000.
• Integral – $100,000.
• VIP – $250,000.

Each tariff plan offers maximum leverage up to 1:200 and an ability to open an Islamic (swap-free) account.

The other options are unlikely to interest experienced traders. However, newcomers may be impressed by Luxtious’ offerings, such as access to analytical materials, trading strategies, invitations to special events, etc. It is precisely those who are not yet ready to make trading decisions themselves that make up the broker’s main client base and bring in the bulk of donations.

Is Luxtious Trustworthy and Reliable?

The answer is no. We have no doubt that the project was created by scammers with the aim of appropriating traders’ funds. We hope to find further confirmation when examining its legal information.

Assessing Legitimacy

As we mentioned before, Luxtious has posted the registration details of the company under which it operates. The company is named Intermarkets Corp. Ltd. and is registered in the Comoros Union on the island of Mwali (Moheli). Information about the license under No. T2023299 issued by the local regulator MISA, is also provided. This information is easy to verify.

The company’s record in the MISA registry exists. However, the question of the legitimacy of this license remains open. For example, the regulator itself states that its permits are valid, including internationally. However, the National Bank of the country opposes this, stating that the Moheli regulator has no authority to issue permits and regulate the activities of brokers.

Overall, the level of this offshore license is recognized as similar to that of St. Vincent and the Grenadines. Considering that SVGFSA does not regulate or license brokerage companies, what can be said about the level of trust in such documents? Traders should think about this and understand that working with a “licensed” broker like Luxtious is at their own risk.

Established Track Record

All that’s left is to check the company’s creation date and the time it has been operating online. Since Luxtious does not provide information about itself, we will have to use third-party sources. One such source is the WHOIS service, which provides the registration date of the domain.

So, the project was created in October 2023 and has been operating for just over three months. It turns out that it really has nothing to say about itself. Hence the lack of information about the company’s history and the platform itself. In any case, traders should refrain from registering accounts here and, most importantly, funding them.

Implications for Traders

There is no doubt that broker Luxtious is a fraudulent project created to attract traders’ funds and appropriate them later on. Even the presence of a license from MISA does not change anything, as the regulatory documents from this organization do not inspire confidence. In general, traders should understand that by opening accounts on this platform and depositing funds into them, they do so at their own risk. It would be better for them to refrain from such steps and choose a more reliable project.

Strengths and Weaknesses