Luxanpros LTD has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.luxanpros.pro.
After spending since I opened my account last year trying to make Luxanpros LTD work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Low minimum deposit|Multiple order types|Good mobile app
Cons: Some tools only available on higher tiers|No integrated tax optimization
Customer support at Luxanpros LTD seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Instant funding|Educational resources|Regular platform improvements|Detailed reporting
Cons: Spreads widen during volatile periods
The spread at Luxanpros LTD is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Clean UI|Fast execution
Cons: Slow to add new assets|Email notifications too frequent
I am in a dispute with Luxanpros LTD over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Intuitive for beginners|Social trading features
Cons: Nothing significant|Limited cryptocurrency options
My card was charged twice by Luxanpros LTD on the same day. I had to dispute it with my bank. Luxanpros LTD 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.
Pros: Comprehensive tools|Wide product range|Copy trading available|Fast execution
Cons: No integrated tax optimization