LUX INVESTMENT has been flagged by Comisión para el Mercado Financiero (Financial Market Commission) for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I joined LUX INVESTMENT after reading several online reviews and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: No hidden fees|Helpful community forum
Cons: Alert system is basic|Currency conversion fee exists
LUX INVESTMENT 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: Market news feed|Two-factor authentication|Dividend tracking
Cons: Research section could be deeper|Onboarding videos are outdated
For anyone considering LUX INVESTMENT, please be aware that this company has been flagged by Comisión para el Mercado Financiero (Financial.... This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction