Lux Capitals Review

Luxe-Capitals

Investors Alert Lux Capitals – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction to Lux Capitals

Lux Capitals is a website that claims to be a market intermediary that provides investment and trading services to clients worldwide. According to its website, Lux Capitals offers access to various financial markets, such as forex, stocks, commodities, indices, and cryptocurrencies. It also claims to have a team of professional analysts, traders, and advisers who can help clients achieve their financial goals.

However, the BCSC British Columbia Securities Commission has issued a warning about Lux Capitals, stating that it is not registered to trade in, or advise on, securities or exchange contracts in British Columbia. The BCSC also advises the public to exercise caution when dealing with firms that are not registered to trade or advise in British Columbia.

Products and Services Offered by Lux Capitals

According to its website, Lux Capitals offers the following products and services to its clients:

– A web-based trading platform that supports multiple devices and languages

– A variety of account types with different features and benefits

– A range of trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies

– A selection of trading tools and indicators, such as charts, news, signals, and economic calendar

– A comprehensive education center that provides tutorials, videos, webinars, and e-books

– A dedicated customer support team that is available 24/7 via phone, email, live chat, and social media

Financial Institution & Regulatory License of Lux Capitals

Lux Capitals claims to be operated by Lux Capital Group Ltd., a company registered in St. Vincent and the Grenadines. However, the website does not provide any information about the company’s registration number, address, or contact details. Moreover, the website does not mention any regulatory license or authority that oversees its activities.

The BCSC warns that Lux Capitals is not registered to trade in, or advise on, securities or exchange contracts in British Columbia. The BCSC also states that it has become aware of instances where unregistered foreign companies target British Columbia residents through online advertisements and solicit them to open trading accounts.

Trader’s Reviews and Customer Service of Lux Capitals

There are very few online reviews about Lux Capitals from traders who have used its services. The few reviews that are available are mostly negative and complain about issues such as:

– Difficulty in withdrawing funds from their accounts

– High fees and commissions charged by the broker

– Poor customer service and communication

– False or misleading information provided by the broker

– Pressure or harassment from the broker to deposit more money or trade more frequently

How to Safeguard Against Fraudulent Brokers

The BCSC advises the public to be cautious when dealing with firms that are not registered to trade or advise in British Columbia. The BCSC also provides some tips on how to safeguard against fraudulent brokers, such as:

– Check the registration status of any firm or individual offering investment or trading services using the National Registration Search tool on the Canadian Securities Administrators website

– Do your own research and due diligence before opening an account or making any investment decisions

– Be wary of unsolicited offers or promises of high returns with low risk

– Read and understand the terms and conditions of any agreement or contract before signing it

– Keep records of all your transactions and communications with the broker

– Report any suspicious or fraudulent activity to the BCSC or your local securities regulator

Conclusion

Lux Capitals is a market intermediary that claims to offer investment and trading services, but the BCSC has issued a warning about its legitimacy and regulatory status. The BCSC states that Lux Capitals is not registered to trade in, or advise on, securities or exchange contracts in British Columbia. The BCSC also advises the public to exercise caution when dealing with firms that are not registered to trade or advise in British Columbia.

If you are looking for a reliable and regulated broker to trade with, you should do your own research and due diligence before opening an account or making any investment decisions. You should also check the registration status of any firm or individual offering investment or trading services using the National Registration Search tool on the Canadian Securities Administrators website. You should also be aware of the risks involved in trading and investing in financial markets and seek professional advice if necessary.

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