Today, we will review the broker Luxtious, which offers clients margin CFD trading. According to information from the official website, this firm is located in Comoros and holds a MISA license, but the only proofs are a registration number and legal address, which require additional verification. Meanwhile, other data about the activity are not disclosed for unknown reasons. Should one trust an offshore brokerage organization, or is it better not to take the risk?
How to Trade
You can start trading with Luxtious after registration and choosing a tariff plan. The initial deposit is relatively substantial – at least $2,500. At the same time, the broker does not offer a virtual account where one could practice.
Traders have access to 6 types of accounts. The logic behind the tariff lineup is simple: the better the account type, the more services available, but simultaneously, the higher the minimum deposit requirement. The list of additional services from Luxtious includes:
One-click trading.
Swap-free.
Daily analysis.
Special market coverage and events.
Private instant support.
VIP Personal Manager.
A table with current spreads is missing, and the size of commissions is not specified. Luxtious also offers leverage, but not higher than 1:200. Trading is conducted on WebTrader, and according to the official website, a mobile application for Android/iOS is available.
Luxtious Vital Info
On the website, there is a section where the broker talks about itself. However, it does not mention the foundation date, which looks quite dubious, as any transparent company would indicate when it was founded. Most likely, Luxtious began serving traders only in October 2023, because that’s when the domain of their official site was registered. Moreover, there aren’t many mentions on the internet to judge the platform as an old market participant.
The website’s footer mentions the MISA regulator and the legal entity name INTERMARKETS Corp. Ltd. Well, such a company is indeed authorized and regulated by MISA. However, the more important question is – are Luxtious and Intermarkets Corp. Ltd. the same? Or are they different firms? Unfortunately, we cannot know for sure.
FAQ
What are the key facts about Luxtious?
The key factor is the short period of operation, as the company launched just a few months ago - after October 20, 2023. The firm is registered in the Comoros, and the MISA registry confirms this, but one should not jump to conclusions because offshore registration, as well as local regulation, significantly lags behind in reliability and security guarantees compared to non-offshore ones. Acquiring such a license can be done quickly and cheaply, but client funds are still in great danger. It is also worth noting the business model here is 100% B-Book, which already implies a conflict of interest.
What's the risk to my wallet when working with this broker?
The firm offers a leverage of 1:200, which entails huge risks. Most traders, more than 75%, lose their money on margin trading, so it is not suitable for everyone. However, Luxtious has another risk, more important and serious. The level of trust in offshore and young organizations is very low, such firms often turn out to be fraudulent, and even the presence of regulation does not save anyone from scam. Therefore, the main risk is losing money not because of your own fault, but due to the actions of the platform.
How can I give my thoughts about luxtious.com?
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The Goods & The Bads
INTERMARKETS Corp. Ltd is indeed registered by the MISA.
No substantial evidence that INTERMARKETS Corp and Luxtious are connected.
High risk.
Anonymity.
High minimum deposit, while many conditions are not specified.
Initially, I invested exactly $2,500 on the balance. Then, the bold managers conned me into topping up another $3,000. They promised to give me signals with which I would become a very profitable trader, successfully earn and become rich. The scammers even told me stories of someone else's success. In short, they actively worked on me, and they succeeded.
I invested $2,500, then my deposit dropped to $1,800, next, they recommended I invest more to average out and ultimately earn more profit. Then I transferred another $3,000, but instead of profit, my losses grew even more. Now I have $200 left, meaning my account is simply emptied. Luxtious cunningly deceived me. I blame them for these failures, and I can't even get back the pitiful $200. The swindlers said that this amount is less than the withdrawal limit. A terrible experience that I wouldn't recommend to anyone.
Never, hear me, never invest your money in Luxtious. And do you know why? Because they are vile swindlers who will steal every last cent. As soon as you send funds to these fraudsters, forget about them. You've transferred from your pocket into the pocket of crooks and criminals who created this fake platform to actively scam gullible traders like you. I'm not writing this just because; I didn't make anything up, I myself lost 5k dollars here. I know what I'm talking about, I know this company engages in blatant fraud. All my deposit is now with the swindlers, and there's nothing I can do about it. Minus 5k dollars, FIVE THOUSAND DOLLARS! It's a terrible tragedy. Don't make the same mistakes as I did! I want to believe that I can recover at least something, but with each day hope fades more and more.
Want to hear something funny? Luxtious won't let me withdraw money. I don't even know how to make a request. This button simply doesn't work. I've sent a bunch of emails to the support email to figure out what the problem is. However, I've still not received a response. It seems they've outright scammed me for money. A blatant fraudulent trap. If only I could turn back time.
Absolutely unsuitable option for opening a brokerage account. Offshore registration, no proper state regulation, almost no reviews, conditions couldn't be worse, and nobody knows about the existence of such a firm. No, fellow traders, don't even think about opening an account.
This firm needs to be checked in practice. Yes, they are under the control of a regulator, but their period of operation is quite short. Moreover, they lack reputation as well as popularity. I don't want to speak ill of luxtious.com, but so far it seems more like a venture than a serious organization for serious trading.
If you ever see positive reviews about Luxtious, don't believe them, because there's a high probability they're written by fake authors who were paid by these scammers. We're dealing with yet another fraudulent firm operating illegally. The presence of a legal entity does not guarantee anything; it costs $1-2 thousand. The catch is that the Central Bank of the Comoros does not consider the MISA regulator a legal organization. I might be mistaken, but it seems to be true. And Luxtious has a license from MISA. Keep that in mind.
Next week, I plan to make a deposit. Can someone advise on how to do this quickly? Through cryptocurrency or some other method? I would appreciate it. I like the company, there are many interesting opportunities and additional services. I hope to be able to earn through forex here.
I am at a loss for words... all my savings have gone up in smoke... I don't know how to break this to my wife... I have two children... I invested money in luxtious to start earning extra income, but all I got was a scam...
Like all traders who chose this fake company as their brokerage partner, I only had a sad and negative experience. All the money I put in here, I lost. That's $15,000. Every last cent. Scammers, that's the only way to talk about them.
Everyone must know the truth about LUXTIOUS. Scammers, fraudsters!!
The worst broker ever. Luxtious looks like a blatant scam broker. No real license, zero guaranties, terrible conditions and other minuses. I don’t know how people can choose that scam firm. Maybe scammers find potential victims first and then cleverly breed them?
I can't even imagine what could attract traders to this broker. Is anyone here trading and can advise? A clear downside for me is the high minimum deposit. Something like $2,500 for the initial contribution seems very high, doesn't it? It's also unclear about the demo account. Does it even exist? At least the company is officially registered, even if it's in Comoros, but still. It's better than the absence of legal data. Moreover, there's regulation from MISA, also generally a positive sign.
Yes, luxtious is still a pretty young company. This can be seen from the date of license acquisition and the registration date of the luxtious.com site. I would even try trading myself, but I don't want to risk such a large sum of money. I would easily put in $100, but $2,500 is a lot and risky.
Okay, okay, okay, I made a mistake, chose the wrong broker. But why does Luxtious act this way? I would like to reach out to M.I.S.A to find out when my funds will be withdrawn and why this regulator does nothing, why it sits idly by while clients of this terrible and lousy pseudo-brokerage company suffer from scam.
Folks from Luxtious, please return my $6K. It's not even the $8K that I initially topped up to trade. It's less, I gave you $2K, please return the remaining $6K. Am I asking too much? No. Be honest brokers, do not engage in illegal and fraudulent activities. Stop ignoring me. I know that representatives of the firm read comments on the internet, and I really hope that they will find their true path.
Initially, I invested exactly $2,500 on the balance. Then, the bold managers conned me into topping up another $3,000. They promised to give me signals with which I would become a very profitable trader, successfully earn and become rich. The scammers even told me stories of someone else's success. In short, they actively worked on me, and they succeeded.
I invested $2,500, then my deposit dropped to $1,800, next, they recommended I invest more to average out and ultimately earn more profit. Then I transferred another $3,000, but instead of profit, my losses grew even more. Now I have $200 left, meaning my account is simply emptied. Luxtious cunningly deceived me. I blame them for these failures, and I can't even get back the pitiful $200. The swindlers said that this amount is less than the withdrawal limit. A terrible experience that I wouldn't recommend to anyone.
Never, hear me, never invest your money in Luxtious. And do you know why? Because they are vile swindlers who will steal every last cent. As soon as you send funds to these fraudsters, forget about them. You've transferred from your pocket into the pocket of crooks and criminals who created this fake platform to actively scam gullible traders like you. I'm not writing this just because; I didn't make anything up, I myself lost 5k dollars here. I know what I'm talking about, I know this company engages in blatant fraud. All my deposit is now with the swindlers, and there's nothing I can do about it. Minus 5k dollars, FIVE THOUSAND DOLLARS! It's a terrible tragedy. Don't make the same mistakes as I did! I want to believe that I can recover at least something, but with each day hope fades more and more.
Want to hear something funny? Luxtious won't let me withdraw money. I don't even know how to make a request. This button simply doesn't work. I've sent a bunch of emails to the support email to figure out what the problem is. However, I've still not received a response. It seems they've outright scammed me for money. A blatant fraudulent trap. If only I could turn back time.
Absolutely unsuitable option for opening a brokerage account. Offshore registration, no proper state regulation, almost no reviews, conditions couldn't be worse, and nobody knows about the existence of such a firm. No, fellow traders, don't even think about opening an account.
This firm needs to be checked in practice. Yes, they are under the control of a regulator, but their period of operation is quite short. Moreover, they lack reputation as well as popularity. I don't want to speak ill of luxtious.com, but so far it seems more like a venture than a serious organization for serious trading.
If you ever see positive reviews about Luxtious, don't believe them, because there's a high probability they're written by fake authors who were paid by these scammers. We're dealing with yet another fraudulent firm operating illegally. The presence of a legal entity does not guarantee anything; it costs $1-2 thousand. The catch is that the Central Bank of the Comoros does not consider the MISA regulator a legal organization. I might be mistaken, but it seems to be true. And Luxtious has a license from MISA. Keep that in mind.
Next week, I plan to make a deposit. Can someone advise on how to do this quickly? Through cryptocurrency or some other method? I would appreciate it. I like the company, there are many interesting opportunities and additional services. I hope to be able to earn through forex here.
I am at a loss for words... all my savings have gone up in smoke... I don't know how to break this to my wife... I have two children... I invested money in luxtious to start earning extra income, but all I got was a scam...
Like all traders who chose this fake company as their brokerage partner, I only had a sad and negative experience. All the money I put in here, I lost. That's $15,000. Every last cent. Scammers, that's the only way to talk about them.
Everyone must know the truth about LUXTIOUS. Scammers, fraudsters!!
The worst broker ever. Luxtious looks like a blatant scam broker. No real license, zero guaranties, terrible conditions and other minuses. I don’t know how people can choose that scam firm. Maybe scammers find potential victims first and then cleverly breed them?
I can't even imagine what could attract traders to this broker. Is anyone here trading and can advise? A clear downside for me is the high minimum deposit. Something like $2,500 for the initial contribution seems very high, doesn't it? It's also unclear about the demo account. Does it even exist? At least the company is officially registered, even if it's in Comoros, but still. It's better than the absence of legal data. Moreover, there's regulation from MISA, also generally a positive sign.
Yes, luxtious is still a pretty young company. This can be seen from the date of license acquisition and the registration date of the luxtious.com site. I would even try trading myself, but I don't want to risk such a large sum of money. I would easily put in $100, but $2,500 is a lot and risky.
Okay, okay, okay, I made a mistake, chose the wrong broker. But why does Luxtious act this way? I would like to reach out to M.I.S.A to find out when my funds will be withdrawn and why this regulator does nothing, why it sits idly by while clients of this terrible and lousy pseudo-brokerage company suffer from scam.
Folks from Luxtious, please return my $6K. It's not even the $8K that I initially topped up to trade. It's less, I gave you $2K, please return the remaining $6K. Am I asking too much? No. Be honest brokers, do not engage in illegal and fraudulent activities. Stop ignoring me. I know that representatives of the firm read comments on the internet, and I really hope that they will find their true path.