LuxeeForex Review: Untrustworthy Forex Trading Company

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LuxeeForex Review: Untrustworthy Forex Trading Company

LuxeeForex is a company that claims it wants to help investors’ access funds. The platform, however, does not seem reliable. The firm states that it is a superior trade execution. The company is an offshore entity that you should not trust with your funds.

The companies proclaim that they have professional experts who assist invest. Unfortunately, the platform does not showcase their professionalism. There is no information concerning those people behind this organization. Invest with reputable transparent forex trading software.

LuxeeForex additionally states that they have high-security measures. Nonetheless, this is just another bluff.  They do not follow any strict guidelines. The company does proclaim that it has powerful trading software.

The website is only filled with fluff content. They claim that the platform can be used on every device. Your money is not safe at this entity. The company also states that you will get fast trade execution if you choose to invest with them.

The platform is repeating the same thing over and over again. The company lacks originality and cannot hire a professional copywriter. How can anyone trust a firm like this one to generate a stable income for them? Review

The platform is enticing investors to join the venture to trade with licensed brokers in the industry. However, the company itself is not licensed and should not be trusted. You will not have the peace of mind that the firm claims.

LuxeeForex markets itself as a global forex trading broker. They want to offer their services to all investors who wish to make a partial income. The company speaks highly of itself, but dos do not have anything extra to offer.

The company is bragging about executing a trade at high speed. Tight spreads, as well as having top-notch trading instruments. The platform assures that it has a great reputation in the market. Sadly, this is not true.

LuxeeForex Review, Website

The entity has low traffic coming on the website. According to the entity, its main focus is their customers. It is funny that LuxeeForex claims to be transparent, yet they do not publish any performance reports.

Moreover, we also do not know their team or founder. Some of the pages have broken links. It shows the lack  professionalism with this investment venture. The entity does not get into details regarding the services that they are offering.

How Does LuxeeForex Operates?

The platform praises itself severally using all sorts of strategies. However, the company does not meet the expectation of investors. The entity is offering its services in multiple languages. Nonetheless, the information has been accessed using Google translator.

Therefore, the information is not accurate. Additionally, it also shows a lack of professionalism with this shady entity. The company is not offering MT4 to investors. The platform does not have any traces of trading activities taking place in their venture.

Withdrawal and Deposit

LuxeeForex states that it is not accepting any commission on deposits or withdrawal.  The platform accepts payment via Wire Transfer, VISA, and Mastercard. We recommend that you use credit cards since you have a period of 540 days to issue a change back.

Additionally, when we attempted to sign in, the only methods of payment the entity accept are; PayCent, MNPay, and Pradexx. None of those welcomes investors to reverse their transactions. It is a red flag that you should take seriously.

The action is meant to combat fraudulent activities in the market. The minimum amount that you can deposit in this entity is $100. It is not even close to the standard price if the market. The platform does not have any financial activities taking place, yet they are exploiting investors.

In regards to the withdrawal process, the venture does not avail of any statement. The level of discreet and unethical with this entity is worrisome. We fail to understand why the entity does not state the method for cashing out or the minimum amount.

Lack of information shows that you cannot withdraw your funds. Moreover, the inactivity fee will leave your mouth wide open. LuxeeForex is charging $25 as a fee for the inactivity of one year. Additionally, the Ponzi scheme is also charging taxes to investors. Considering, the firm is not regulated, this raises questions.

Contact Details

To contact the customer support, you can either use the email or telephone number listed on their website. The company claims that it has excellent customer support. However, the only thing you are got to get from this Ponzi scheme is regret.

LuxeeForex is operating in an undisclosed area. Hence, there is no way you can visit their offices once they exit the market. The entity will service clients unprofessionally. Moreover, the firm states that it has the right to use clients’ information in whatever way they please.

Hence, do not be surprised when you get cold calls from their fellow fraudsters. They will claim they have the best deal in the industry only to end up stealing from traders. Scammers will only contact you when they need more funds from you.

Regulatory Status

LuxeeForex claims to be operating following the law. The problem is that they do not have an operating license. Hence, the entity is lying about its licensing status. We checked with CySEC to see whether the allegations of this scam are true.

Unfortunately, the company is not in the database of any financial watchdog in the industry. It shows the level of desperateness with this scam venture. They will say anything to win the trust of investors.

You should not engage with an entity that does not have a license. The risks that come along are huge. Unregulated ventures do not segregate the money of their clients in separate accounts. Investors end up depositing money directly into the scammers’ account.

LuxeeForex claims that those who issue a chargeback will be penalized. The platform has all the red flags to keep investors away. The venture claims that it has the right to do whatever they want with investors’ account.

If you engage with operating entities as per the law, you will be compensated in case of insolvency. The terms and conditions of LuxeeForex are all about their selfish gains. The platform openly states that they have a light to withhold investors’ funds.

The company even states that they can use investors’ information in whatever way they please. It is unethical on their part. It could even mean that the venture will sell your data to a third party without your consent. Be careful of any rules that you might accept because some mistakes are not reversible.

Final Verdict

LuxeeForex is a scam that is only interested in investors’ funds. The person who is responsible for this entity is a self-centered individual. He does not have any intention to make traders a passive income. If you read their team and condition, you will realize whom the Ponzi is operating

The platform is infamously known for all the wrong reasons. Trusting them will only lead to a horrible experience. Ensure you research the company you intend to invest with before depositing funds.

Invest only with legit Forex trading software in the market. You will get genuine returns. Additionally, you will also know their trading condition and how the bot works. Investors can trade automatically without being scammed.

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