Honest Review of Luxtious

The broker we are presenting in today’s Luxtious review closely resembles hundreds of scam projects that have flooded the internet. Meanwhile, the company claims to operate under a license and promises traders exclusive advantages, such as a wider range of assets, minimal trading costs, and strong support. However, from our perspective, all these promises are merely “bait” for clients, who are expected to deposit large sums into accounts opened with the company. Will they be able to withdraw their funds? We have serious doubts about this, and we will attempt to justify our point of view.

Key Features

• Company Name: INTERMARKETS Corp. Ltd.
• Website: https://luxtious.com/
• Available Contacts: [email protected]; +18007059578
• Foundation: 2023
• Services: Forex/CFD trading
• License: MISA (Mwali, Comoros Union) № T2023299
• Initial Deposit: $2,500

From Sign-Up to Payout

The first impression left by the official Luxtious website turned out to be unexpectedly pleasant. The web designers not only chose a high-quality template but also used harmonious color combinations, filled the pages with thematic images, and successfully arranged the materials.

At the same time, the content was, to put it mildly, quite mediocre:

• There is no information about the company itself on the website. However, on the Why Luxtious page, there is yet another advertisement for the broker’s advantages, albeit unsupported by facts.
• The company decided that a short sentence to describe each available market would be sufficient, and that traders would be just fine without contract specifications.
• Visitors cannot register by themselves. After submitting the completed registration form, they see a “Request failed” message. The situation can only be corrected by contacting customer support. It’s interesting why they waste the user’s time. Wouldn’t it be simpler to immediately recommend a way to contact company representatives, who will create the account for them?
• The website has no payment details of the broker, nor any information about non-trading operations: limits, fees, deposit times. Perhaps there’s more information in the personal account, but, as we already mentioned, one cannot access it right away.

Our Trading Experience With Luxtious

The company vividly describes how happy a trader will be working with Luxtious trading software on the Platform page. To ensure they don’t have to wait long for this moment of happiness, they’ve even provided download links for the software for various desktop operating systems (Windows, MacOS, Linux) and mobile devices. However, the site visitor is in for a huge disappointment: downloads from the platform’s servers won’t start until authorization is completed.

Of course, we would have gladly checked out the various versions of the broker’s trading terminal. But, as you’ve already guessed, without an active account, getting familiar with the software was impossible.

Nevertheless, this is not a reason not to ask Luxtious a few questions:

• What’s so secret about the broker’s terminals that only registered users can access them? Maybe they don’t ensure the promised level of security? Should traders even consider using this platform?
• Why does the broker distribute mobile software versions themselves? How did they bypass the iOS device requirement to be listed on the App Store? Perhaps the stores don’t accept ‌applications due to violations of platform guidelines? Or is it that the broker’s reputation doesn’t allow the app stores to work with them? Or maybe the platform wasn’t created by Luxtious at all?

Everything a trader can learn here:

• The company offers six account types with minimum deposits ranging from $2,500 to $250,000.
• Each of them allows opening a swap-free (Islamic) account.
• The maximum leverage is 1:200.

After all, why publish trade volume limits, pending order distance requirements, or Margin Call and Stop Out levels when traders will find out about them only during real trading? (There’s no demo account to test trades with virtual money either.) Never mind that this significantly increases the risk of losses for clients. In fact, the broker would actually be happy about that — because the trader’s losses would become the company’s direct profit.

There’s also no need for traders to know about trading costs. That’s why information on spreads, swaps, and commissions is also missing. We’re certain the project owners did not overlook this due to ignorance. Instead, this seems like a deliberate attempt to hide such crucial details and not reveal that trading with Luxtious is far less profitable than its representatives claim.

The company’s specialists have successfully filled the account types table without including any of those “unnecessary” trade details. In their opinion, traders are more interested in access to analytics, assistance in strategy development, invitations to various events, etc. It doesn’t matter that these promises are never actually fulfilled and that most of them have zero practical value. Newcomers to the market will be impressed by these grand claims. That means even those who aren’t ready to trade on their own will still deposit their money with the broker, hoping to make a profit effortlessly.

The Reality Check

At the footer of the Luxtious website, it states that the company is operated by Intermarkets Corp. Ltd., registered in the Comoros Union (Mwali/Moroni). It also mentions having a brokerage license #2023299, issued by the local financial regulator Mwali International Services Authority (MISA).

Verifying this information is straightforward. The details provided by the broker turned out to be accurate. However, we can clearly see that this “regulated” company is using the same deceptive tactics as scammers. So, what’s wrong with it?

First of all, the license itself is problematic. The regulator insists that it is valid and allows the broker to offer international services. However, the official financial authority of the Comoros Union — Banque Centrale de Comores‌ — ‌does not recognize MISA’s legitimacy and denies its right to issue licenses or regulate financial organizations.

How Long Has Luxtious Been in the Game?

To get the full picture, we need to determine how long this broker has been operating online. Luxtious does not disclose this information, but we can use external sources like Whois to check the domain registration date. The data shows that luxtious.com was registered in October 2023.

For scammers, this is a relatively long time, but for legitimate brokers, it’s not nearly enough to build a solid reputation within the trading community. That said, Luxtious might never earn a good reputation if it continues using fraudulent tactics. For example, in 15 months, the broker’s team has still not fixed the registration issues. Of course, this is intentional.

Extra Fraud Indicators

As we already mentioned, Luxtious has been operating for quite some time. It’s no surprise that there are plenty of reviews online. For example, Trustpilot has 235 reviews, while reviews.io has almost 280.

In both cases, the majority of comments are positive, making up more than 60%. However, this doesn’t mean the broker is flawless. A text analysis reveals that most of these reviews were paid for and written by people who have never actually traded on financial markets. While we’re happy for the authors who made money helping the company build a positive image, we advise Luxtious to thoroughly check the quality of their sponsored posts.

Meanwhile, over 30% of the reviews highlight serious issues with the company. Many traders report that:

• The trading terminal is extremely buggy.
• Trading under Luxtious’ conditions is nearly impossible.
• Fees and costs are extremely high.
• The most serious accusation against Luxtious is refusing to return traders’ money.

Is Luxtious the Right Fit?

Our Luxtious review provides plenty of evidence suggesting that this broker is a fraudulent project. It was created with one goal: to attract traders’ funds and keep them. Even the company’s claim of having a MISA license changes nothing. This document is highly unreliable, and the company actively uses scammer tactics. In short, traders who deposit funds with this platform do so at their own risk. We strongly recommend reconsidering your plans — or better yet, avoiding this broker altogether.

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