Luxxis Options is designed in such a way that it appears as a legit online investment platform. If you are a newbie online trader, your suspicious won’t be aroused by their carefully designed investment plans since the trick is to do it in a subtle and modest way. Unfortunately, in as much as some people would want to think that Luxxis Options works as advertised on the sales page, the findings that we have made will quickly dissolve any legitimacy which this site might have portrayed to its potential targets in the beginning. So if you want to learn more about this seemingly attractive website, we implore you to keep reading because we will be highlighting some unknown facts about the site and how you are likely to lose your hard earned money in the hands of these crooks.
Note: In case you’re looking for a place to invest your funds without fear that you will lose your hard earned money, here is a page that can prove the best leads.
They operate like a professional online investment platform that manages traders portfolio on their behalf. As far as our investigations are concerned, this site does not provide an online trading platform such as MT4 or Ctrader for independent traders who want to trade on their own. That means they are not a broker but a platform where investors hand over their monies on the promise that returns will be achieved at the end of the investment period.
The platform is entirely web based but at the time of publishing this review, Luxxis Options was offering 3 different types of investment plans requiring a minimum deposit of anywhere between $500 and $10,000. If an investor opts for the basic plan which requires $500 as minimum deposit, they are promises a weekly ROI of 6%. The second and third investment plans promise 7.5% and 8.5% weekly returns.
These income assertions may sound great in the ears of people who have never traded before. But the reality is that those figures are greatly exaggerated. And the truth is that the unrealistic income promises are only meant to entice newbies into thinking that if they invest with Luxxis Options, they will receive several thousands of dollars in returns with no effort at all. This is besides their initial investments. This is certainly very attractive to hear, and as a newbie, many people will be jumping in straight away without asking the hard questions like where are the audited trading results?
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Now, the footer of this website is making a very controversial statement. There is a statement that says that Luxxis Options is a lead binary and Forex brokerages in the industry. We want to remind you that Binary Options have been banned in many countries and there is no way a platform can legally offer them to residents of the US, EU and many other countries. As for Forex trading, this is legal. But there are some tough regulatory requirements which are to be met before a site can be allowed to manage their investors capital.
Having said this, everyone should know that Luxxis Options is first of all not a broker, and secondly, they are offering an illegal product. They are probably targeting the financially naive because this lot of individuals don’t ask a lot of questions. They may have money to invest but will never do any due diligence to ascertain whether the people who claim to have the power to multiply investments in a short while are credible and ethical.
A credible entity will at least mention that their website is managed by a specific corporation which is also registered by the relevant financial regulator in the jurisdiction where they operate business. Luxxis Options does not disclose the individuals behind their operation and it also appears like this website is not backed by any corporate entity.
Instead, they are giving us a shared physical address which points to a tattoo shop in the UK. In that locality, there is no building that would seem fit for hosting the premises of Luxxis Options. The address in question is as follows:
Ground Floor, Pavilion Buildings, West Bridgford, NG2, U.K. 116 Hungton Avenue, South End, Boston, MA, USA
As you can see, things don’t add up. They have lied about their physical location by making use of an address that belongs to another business. Anybody who uses Google maps to inspect this address will find out that Luxxis Options is lying about their location.
Luxxis Options appears to be operating as a sole entity. That means they are operating without corporate supervision.
The most disturbing thing, however, is that Luxxis Options does not share ownership details with members of the public. This lack of transparency has killed the confidence of many potential investors. The only way to reach these guys is through their email address but you can rest assured that if you appear to be inquisitive in your emails, you won’t receive a reply either.
On top of that, Luxxis Options accepts forms of payments where funds cannot be reversed. These include Western Union, Wire Transfer, Money Gram and Bitcoin.
They claim to be the leading binary and Forex brokers in the industry and yet they are not regulated nor licensed. This is far from the truth because for any broker to be considered the best and top in the industry, they must prove that they are properly regulated. There is no other way of doing it. Their papers must be verifiable. But this brokerage does not seem to have any regulatory papers in order.
You should also take note of the fact that investing with this brokerage is something that is likely to cost you because if they are unregulated, then it means you will definitely lose your funds. You should never invest with an unregulated broker for whatever reason. And most importantly, don’t send your money to anonymous entities. Put your money in sound investment products such as these ones.
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