Lux Nordic Wealth Management S.A.

Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Lux Nordic Wealth Management S.A. recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.

I want to warn everyone about Lux Nordic Wealth Management S.A.. They have been flagged by Commission de Surveillance du Secteur Financier as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

I was contacted by Lux Nordic Wealth Management S.A. through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.

I wanted to transfer my portfolio from another broker to Lux Nordic Wealth Management S.A.. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

The hidden fees at Lux Nordic Wealth Management S.A. are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Lux Nordic Wealth Management S.A. said it was market conditions. Same news, another broker filled me properly. They are not honest.

Do not use Lux Nordic Wealth Management S.A. for anything serious. I used them since I retired last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

I signed up with Lux Nordic Wealth Management S.A. after reading several online reviews and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

I was about to invest with Lux Nordic Wealth Management S.A. but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Commission de Surveillance du Secteur Financier has actually issued a warning about this firm. Thank goodness I checked before sending any money.

My card was charged twice by Lux Nordic Wealth Management S.A. on the same day. I had to dispute it with my bank. Lux Nordic Wealth Management S.A. then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.