Lux Capitals Review
Beware Investors Lux Capitals – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Who is Lux Capitals?
Lux Capitals is a company that claims to offer investment and trading services, such as forex, stocks, commodities, indices, and cryptocurrencies. The company’s website states that it is based in New York City and that it has offices in London, Hong Kong, and Dubai. However, the company does not provide any physical address or contact details on its website, and its domain name was registered anonymously in June 2023.
Regulation Of Lux Capitals
Lux Capitals is not regulated by any reputable financial authority, such as the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA), or the Australian Securities and Investments Commission (ASIC). The company has been warned by the British Columbia Securities Commission (BCSC) in Canada for operating as an unregistered market intermediary and soliciting investors without authorization. The BCSC stated that Lux Capitals is not registered to trade in, or advise on, securities or exchange contracts in British Columbia and that it may be involved in a scam.
Location Of Lux Capitals
As mentioned above, Lux Capitals does not provide any verifiable information about its location or contact details. The company’s website claims that it is based in New York City, but there is no evidence to support this claim. The website also claims that the company has offices in London, Hong Kong, and Dubai, but these are likely to be virtual offices or mailboxes. The company’s domain name was registered anonymously in June 2023, which suggests that the company is hiding its identity and location from the public.
Services Offered By Lux Capitals
Lux Capitals claims to offer a variety of investment and trading services, such as forex, stocks, commodities, indices, and cryptocurrencies. The company’s website states that it offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for each account ranges from $250 to $50,000. The company also claims to offer educational resources, market analysis, trading signals, webinars, and personal account managers.
However, these services are likely to be misleading or fraudulent. The company does not disclose any information about its trading platform, fees, spreads, leverage, margin requirements, or withdrawal policies. The company also does not provide any proof of its trading performance or customer testimonials. Moreover, the company’s educational resources are likely to be plagiarized or outdated.
Reviews Of Lux Capitals
Lux Capitals has a very poor reputation among online reviewers and forums. The company has received numerous complaints and negative feedback from customers who have been scammed or defrauded by the company. Some of the common issues reported by customers include:
– Difficulty in withdrawing funds or closing accounts
– High-pressure sales tactics and aggressive calls from account managers
– False or misleading promises of high returns or bonuses
– Manipulation of trading results or account balances
– Unauthorized charges or fees on credit cards or bank accounts
– Harassment or threats from the company’s representatives
Customer Service Of Lux Capitals
Lux Capitals does not provide any reliable or professional customer service to its clients. The company does not have any phone number, email address, live chat, or social media accounts that customers can use to contact it. The only way to communicate with the company is through a contact form on its website, which is likely to be ignored or answered by automated messages.
The company’s customer service representatives are also known to be rude, unresponsive, or abusive towards customers who have issues or complaints with the company. Many customers have reported that they have been insulted, threatened, or blackmailed by the company’s agents when they tried to withdraw their funds or close their accounts.
Securing Your Investments Against Unscrupulous Brokers
If you have invested or traded with Lux Capitals, or any other unregulated or scam broker, you should take immediate action to protect your money and personal information. Here are some steps that you can take to secure your investments against unscrupulous brokers:
– Stop any further communication with the broker and do not give them any more money or information.
– Contact your bank or credit card company and request a chargeback or a refund of your transactions with the broker.
– Report the broker to your local financial regulator or law enforcement agency and provide them with any evidence or documentation that you have.
– Seek legal advice or assistance from a reputable lawyer or a recovery service that specializes in helping victims of online fraud.
– Share your experience and warn other investors about the broker on online forums, reviews, or blogs.
Conclusion
Lux Capitals is a scam broker that operates illegally and fraudulently. The company is not regulated by any reputable financial authority and has been warned by the BCSC for its unscrupulous practices. The company does not provide any verifiable information about its location, contact details, trading platform, fees, or policies. The company also has a very poor reputation among online reviewers and customers who have been scammed or defrauded by the company. The company’s customer service is also non-existent or abusive.
Therefore, we strongly advise you to avoid Lux Capitals and any other unregulated or scam broker that offers similar services. If you have already invested or traded with Lux Capitals, you should take immediate action to secure your investments and personal information. You should also report the broker to the relevant authorities and seek legal help if necessary.
