Luxerbtc is an online brokerage firm that offers forex, cryptocurrency, and CFD trading services. However, the legitimacy of this broker has been called into question, with numerous complaints of fraud and scamming. In this article, we will examine the claims and analyze Luxerbtc’s practices to determine whether the accusations are true or false.
Overview
To get a quick understanding of Luxerbtc, let’s look at the following table:
Criteria | Information |
Company name | Luxerbtc |
Website | www.luxerbtc.com |
Trading instruments | Forex, Cryptocurrency, CFDs |
Minimum deposit | $250 USD |
Leverage | Up to 1:500 |
Trading platform | MT4, MT5, WebTrader, Mobile App |
Is Luxerbtc Regulated?
This is the last status of their website. Currently, their website is not available. When we tried to find their license status, we cannot find any information. We also tried to find from other regulatory websites, but no result was found. It is clear that they are not regulated.
Warnings from Financial Regulations:
Several financial regulatory bodies have issued warnings against Luxerbtc. The Financial Conduct Authority (FCA), a regulatory body in the UK, has warned that Luxerbtc is providing financial services without its authorization. Similarly, the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) have issued similar warnings against Luxerbtc, indicating that the broker is not licensed or authorized to offer financial services in their respective countries.
What Currency Pair Do They Offer?
Luxerbtc offers a variety of currency pairs for trading, including major, minor, and exotic pairs. Clients can also trade cryptocurrencies and CFDs on indices, stocks, and commodities.
Customer Support
Luxerbtc provides customer support via email, phone, and live chat on its website. However, we found many complaints about the broker’s unresponsiveness and slow support, which raises concerns about the broker’s overall reliability.
Trading Method
Luxerbtc offers its clients access to a variety of trading platforms, including MT4, MT5, WebTrader, and a mobile app. These platforms provide traders with powerful tools for analyzing the markets, executing trades, and managing their positions. However, many traders have complained about the slow execution of trades and slippage on Luxerbtc’s trading platform, raising concerns about the broker’s overall trustworthiness.
What Do Traders Think About Luxerbtc?
Many traders have reported losing their funds while trading with Luxerbtc. Several traders have also complained that the broker was unwilling to honor their withdrawal requests. Overall, traders have reported a lack of transparency and unprofessional conduct by Luxerbtc, which has raised concerns about the broker’s legitimacy.
What To Do If You Get Scammed?
If you believe that you have been scammed by Luxerbtc or any other broker, you should immediately contact your bank or credit card company and request a chargeback. A chargeback is a reversal of a payment made to a merchant, allowing you to get your funds back.
You should also submit your case to us. We will provide you with a free consultation and recovery service recommendations to help you in recovering the lost funds.
If you face scammed and lost money to companies like soloxbit, 24coinfex, or Norextrade, please report it today by below form.
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Final Thoughts
In conclusion, Luxerbtc appears to be an unregulated broker with a questionable reputation. The warnings issued by financial regulatory bodies, coupled with numerous complaints of fraud and scamming, raise significant concerns about the broker’s legitimacy. As a trader, it is essential to exercise caution and due diligence when selecting a broker to ensure that your funds and investments are safe. Always verify a broker’s regulatory status, read reviews from other traders, and conduct thorough research before depositing any funds. In the case of Luxerbtc, we recommend that traders stay away from this broker and look for a more reputable and trustworthy alternative.
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