luxtradingfirm.com Reviews
is luxtradingfirm.com legitimate or a scam?How much trust do people have in luxtradingfirm.com?
Why is the trust score of luxtradingfirm.com very low?
Unrealistic Promises: The website makes bold claims, such as providing inexperienced, beginner, or advanced traders the opportunity to become professional career traders with $10 million+ capital. This is highly unrealistic and not in line with standard industry practices.
Lack of Regulation: The website states that Lux Trading Firm is not required to be authorized by a regulatory authority because they only carry out prop trading and professional training. This lack of regulatory oversight is a significant concern, as it means there's no external body ensuring the company operates fairly and transparently.
Dubious Payment Agents: The website lists multiple entities as payment agents, including one in the UK and another in the UAE. This complex network of payment agents can be a tactic to obfuscate the true nature of the business and make it harder for customers to seek recourse in case of issues.
Unverifiable Track Record: While the website mentions an audited track record, there's no way to independently verify this. A legitimate prop trading firm would have transparent and verifiable performance records.
High Fees for Evaluation: The website mentions evaluation stages with associated fees, which is not a standard practice in the industry. It's unusual for traders to have to pay significant amounts for an evaluation process.
Complex Corporate Structure: The website lists multiple corporate entities in different locations, which can be a tactic to create a facade of legitimacy. It can also make it harder for customers to understand which jurisdiction's laws and regulations apply.
Lack of Clear Information: While the website provides a lot of information, it's often vague and lacks specific details about how the trading process works, how funds are managed, and how the company ensures fair and ethical trading practices.
No Independent Reviews: It's challenging to find independent reviews or testimonials about Lux Trading Firm from reputable sources. This lack of third-party validation is a concern.
Overall, the combination of unrealistic promises, lack of regulation, complex corporate structure, and high fees for evaluation raises significant doubts about the legitimacy of Lux Trading Firm. It's advisable to exercise extreme caution and conduct thorough due diligence before engaging with this company. It's also recommended to seek advice from independent financial advisors or regulatory authorities before proceeding."
the reasons behind this review :
Unrealistic Promises, Lack of Regulation, Dubious Payment Agents, Unverifiable Track Record, High Fees for Evaluation, Complex Corporate Structure, Lack of Clear Information, No Independent Reviews
Positive Points | Negative Points |
---|---|
Website content is accessible No spelling or grammatical errors in site content Whois data is accessible | Low review rate by AI Domain is new Archive is new Domain does not rank within the top 1M on the Tranco list. |
Domain age :
3 years and 3 months and 11 days
WHOIS Data Status :
Accessible
Website :
luxtradingfirm.com
Title :
Prop Trading Firm | Funded Trading Accounts
Website Rank :
1125911
Age of Archive :
3 year(s) 3 month(s) 6 day(s)
SSL certificate valid :
Valid
SSL Status :
Low - Domain Validated Certificates (DV SSL)
SSL issuer :
Let's Encrypt
WHOIS registration date :
2020/12/11
WHOIS last update date :
2024/03/21
WHOIS Renewal Date :
2024/12/11
Organization :
Lux Trading Firm ltd
State/Province :
Gros-Islet, Saint Lucia
Country :
LC
Phone :
+44.2071939534
Email :
support@lux-trading-firm.com
Organization :
Lux Trading Firm ltd
State/Province :
Gros-Islet, Saint Lucia
Country :
LC
Phone :
+44.2071939534
Email :
support@lux-trading-firm.com
Organization :
Lux Trading Firm ltd
State/Province :
Gros-Islet, Saint Lucia
Country :
LC
Phone :
+44.2071939534
Email :
support@lux-trading-firm.com
IP : 192.0.78.184
ISP : AS2635 Automattic, Inc
Country : US
IP : 192.0.78.236
ISP : AS2635 Automattic, Inc
Country : US
Name :
Automattic Inc.
IANA ID :
1531
Registrar Website :
http://www.automattic.com/
Phone :
+1.8772733049
Email :
domainabuse@automattic.com
Target : ns2.wordpress.com
IP : 198.181.117.9
ISP : AS2635 Automattic, Inc
Country : US
Target : ns3.wordpress.com
IP : 192.0.74.9
ISP : AS2635 Automattic, Inc
Country : US
Target : ns1.wordpress.com
IP : 198.181.116.9
ISP : AS2635 Automattic, Inc
Country : US
This website was last scanned on August 23, 2024
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