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Luxistrade.io Review: Genuine or Fraudulent Trading Platform
Is luxistrade.io to be trusted? Or is luxistrade.io unreliable? Because we are concerned about the financial safety of our readers, we did an extensive research and made a review on Luxistrade. Please read our review before you decide if you should throw your time, expectation, and money into this trading platform.
What Is luxistrade.io?
Luxistrade is a trading platform which claims to be a brokerage company working for more than ten years in the financial market. They are owned and operated by Mitz Holdings Ltd. They offer different types of trading accounts tailored to the specific needs of traders and investors. Luxistrade trades on forex, stock, indices, and commodity using the MetaTrader 4 trading platform.
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Luxistrade is located on www.luxistrade.io. They accept funding made through Bitcoin, Bank Wire Transfer, Skrill, Credit and Debit cards, etc. Their contact information, as written on their website, is:
Phone: +44-203-807-49-41 / +44-161-394-11-36
Email: [email protected] / [email protected]
How Does luxistrade.io Work?
Luxistrade claims to provide a platform that “dispels all myths about the complexity of the financial market and trading…” Their trading steps are quite simple: Open account, activate account, deposit fund into account, then relax and watch your money work for you. The supposed assurance and profitability of trading with luxistrade would be attractive to any trader. But is luxistrade.io to be trusted?
Luxistrade.io uses a very neat and well-designed website layout, with a good and believable user interface, giving it a convincing feel. Luxistrade has different trading account types for different income earners and even a demo account where eager users can experiment on.
What We Found about Luxistrade.io!
Luxistrade claims to be a legally regulated and registered company but there was no way to verify this information. We are aware that getting a verified company registration credential is not a guarantee of authenticity, because so many people easily can with as little as $50.
The other things we found out about Luxistrade which made us suspect Luxistrade.io should be an unreliable trading platform are:
- Their certifications and testimonials are unverified and therefore could be false, a way to win the trust of unsuspecting traders.
- We found no information on the company or the people behind luxistrade. This is a red flag, as there is no one to hold accountable should things go south.
- Luxistrade promises to provide long term trading plans but we discovered that their domain is a short life expectancy domain and could go offline at any moment.
Verdict!
Luxistrade.io, despite seeming reliable, should as well be approached with caution. As there is always a risk factor in any trading, and also a possibility of loss. Never forget to trade with money you can afford to lose.
There are many untrustworthy trading websites on the internet promising get rich quick options. Most people attracted by these “too good to be true” ROIs from these sites have invested their money expecting profit but lost everything in the end. You do not have to become one of them to learn from their experience. It is unfair to fall victim to fraud and lose the money you earned from honest work. Fact checking should be a priority before you throw in money into any online trading scheme.