Enquitylux (enquitylux.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: New York United States This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: enquitylux.com.
Do not believe the bonus offer from Enquitylux (enquitylux.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Multiple order types|Comprehensive tools
Cons: Spreads widen during volatile periods|Email notifications too frequent
I closed a profitable position at Enquitylux (enquitylux.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Easy withdrawals|Demo account available|Professional team|Fast support response
Cons: Help articles are sometimes vague
I referred a friend to Enquitylux (enquitylux.com) through word of mouth in my investment club. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Automated trading options|Competitive fees|Multi-currency support
Cons: Search feature is basic|No live chat on mobile
The spread at Enquitylux (enquitylux.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a review site like this one and initially thought the platform was good - until I started trading seriously.
Pros: Multiple order types|Regular platform improvements
Cons: Currency conversion fee exists
The only good thing about Enquitylux (enquitylux.com) is that they remind you why regulation matters. I found them when my bank disappointed me and I searched for alternatives. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Clean UI|Comprehensive tools|Tax reports included
Cons: Onboarding videos are outdated|Inactivity fee applies after 12 months
I found Enquitylux (enquitylux.com) through word of mouth in my investment club and the initial impression was positive. But for close to eighteen months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Quick verification|Wide product range
Cons: Withdrawal takes 1-2 business days
Enquitylux (enquitylux.com) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Low minimum deposit|Regular platform improvements
Cons: Wish they had more educational resources
Enquitylux (enquitylux.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Risk management tools|Easy withdrawals
Cons: Would like more payment methods|Mobile app could be improved
After since the beginning of the year with Enquitylux (enquitylux.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Intuitive for beginners|Detailed reporting
Cons: Limited cryptocurrency options|No crypto staking