Luxtious has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I want to warn everyone about Luxtious. They have been flagged by Financial Services and Markets Authority 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.
Cons: Lost entire investment|Reported to authorities|Unresponsive
KYC with Luxtious is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Educational resources|Tax reports included|Quick verification
Cons: Minimum deposit could be lower
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Luxtious has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Flagged by Financial Services and Markets Authority|Cannot verify credentials
Do not use Luxtious for anything serious. I used them for the past six months 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: Market news feed|Two-factor authentication
Cons: Limited social trading features
Customer support at Luxtious 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: Comprehensive tools|Tax reports included|API access
Cons: Nothing significant
The mobile app from Luxtious is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Portfolio tracking tools|Excellent charting
Cons: Email notifications too frequent|Research section could be deeper
If you are reading this considering Luxtious - run. I wish I had read more negative reviews from a blog post comparing services. I thought the positive ones were real. Maybe some are. My experience over for just over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Fast deposits|Stable platform
Cons: Website design could be more modern
Luxtious 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: Full transparency|Competitive fees|Real-time alerts
Cons: Some tools only available on higher tiers
Luxtious 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: High security standards|Dividend tracking|Regular platform improvements|Reliable uptime
Cons: No dark mode on mobile