Is Luxtious Trustworthy? A Detailed Review of Luxtious.com

The trading market is currently saturated with various companies offering their services in this sphere. They employ different methods to attract clients, such as setting low commissions. However, it is important to understand one simple rule: no broker will operate at a loss. Apart from reputable firms, there are those engaged in fraudulent activities, and at first glance, they may seem impossible to identify. However, this is not the case. In our review, you will be able to see that Luxtious falls into the category of fake brokers, and working with them poses a significant risk.

Is Luxtious a Trusted Broker?

Exploring Luxtious’ website might suggest it’s a trustworthy broker. However, upon closer inspection, it becomes clear that its reliability is extremely low. While the company’s website states that its activities are licensed, the regulatory authorization comes from an offshore zone in the Comoros Islands, not from reputable regulators in major countries like the UK.
The cost of such a license can be as low as $1,000 to $2,000, and obtaining it is relatively easy. Oversight of licensed companies in offshore jurisdictions is rare, and in case of issues, seeking assistance is difficult because financial matters under such regulators are challenging to resolve.

All documentation on the website is presented only in English, which does not reflect a company of global stature. Traders may come from any country, and a good exchange should cater to a diverse audience, not just English speakers.
Another point to consider before creating an account is the inflated cost of the tariff plans. Reliable brokers target novice traders who are not ready to pay $2,500 for a standard set of services. A very high cost may indicate that the company is focused only on a more affluent audience, which is a significant downside.

❗Comparing Luxtious’ basic tariff plan for $2,500 with similar offers from global companies reveals that the broker does not offer any unique features. Sometimes, an account for $100 to $200 from other companies proves to be more advantageous for both beginners and experienced traders.

Concerned About Withdrawal?

You can top up your account using a bank card or cryptocurrency. Payment transparency through Bitcoin wallets is extremely low, as companies typically do not use this method because it is difficult to cancel or trace payments using chargeback services.

When withdrawing funds from the platform, clients may encounter high commission fees. The minimum fee amount is $10, and it may not be cost-effective for users to create requests for small amounts of money. Additionally, the broker reserves the right to change the minimum withdrawal fee amount at any time, and there are no documents on the website regulating this issue.

How Long Does The Broker Work?

Forex broker Luxtious does not disclose the date of platform creation, but checking the data through a special service reveals that the project was launched relatively recently — in 2023. Within this timeframe, Luxtious has very few genuine customer reviews, and most of them are negative.

Other Signs of Fraud

❗The live chat support is not functional. When attempting to contact an operator through the special window on the main page, customers receive no response to their queries. Meanwhile, the broker emphasizes a personal manager in premium tariff plans, but how can there be a professional when technical support staff do not respond in the regular chat?

❗The verification process is overly complex. Typically, on other platforms, only passport details and the necessary photos need to be provided to confirm identity. However, Luxtious requires utility bill and bank card photos. This is done to prolong the money withdrawal process by citing the need for re-verification.

❗There is no information on trading operation fees. The broker does not publicly disclose this information, which becomes available only after creating an account and depositing a minimum of $2,500.

❗A dubious referral program with hidden conditions. When creating an account, there is an option to enter a referral code, but information on the benefits of this program cannot be found..

Luxtious Review Conclusions

This company should not be trusted because its offshore license does not guarantee the safety of your money. The inflated cost of creating an account indicates that the broker is not interested in working with those unwilling to deposit large sums. Global companies never behave this way, as their operations are oriented toward even those customers who simply want to try trading without investing significant amounts..

Advantages and Drawbacks

➕There are various ways to deposit and withdraw funds.

➖ Low level of payment transparency.

➖Offshore license.

➖Slow customer support response time.

FAQ

Brief Conditions

Type	Forex
Location	Comoros Islands
Establishment Year	2023
Regulation	MWALI
Customer Service	Email [email protected]
Languages	En, Tr, Ru
Demo Account	❌
Mobile Trading	✅
Web-based Trading	✅
Bonuses	❌
Minimum Deposit	$2,500
Max. Leverage	1:200
Scalping Allowed	✅