LUXOSB Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". 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.luxinvestmentsptyltd.com.
Do not use LUXOSB Limited for anything serious. I used them since I opened my account 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.
Pros: Two-factor authentication|Low minimum deposit|Clear documentation|Customizable dashboard
Cons: Wish they had more educational resources|Limited cryptocurrency options
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. LUXOSB Limited said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Competitive fees|Two-factor authentication|Dividend tracking|Personal attention
Cons: Limited demo account features|Minimum deposit could be lower
What really bothers me about LUXOSB Limited is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after reading several online reviews and I fell for the polished exterior. Never again.
Pros: Multiple order types|Multi-device support|Excellent charting
Cons: Website design could be more modern
LUXOSB Limited advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Multi-currency support|No hidden fees
Cons: Desktop app not available on Linux
LUXOSB Limited has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Copy trading available|Wide product range|Easy to use platform|API access
Cons: Cannot customize dashboard fully