Read our Lux Investment review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a luxinvestment.co review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Lux Investment is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Lux Investment in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
Lux Investment Review Conclusions
Making the Lux Investment review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Lux Investment review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Lux Investment phoned me a few times trying to convince me to ”invest” in their website . I have declined every time . today they told me that they have $250 profit in my account that needs to be transfered to my bank account . They asked for my credit card details as well as the ccv and expiry date to transfer money to my account . After that they sed they need the OTP to finalise the transaction . what they were trying to do is to transfer money out of my bank account . they tried for more thn 30 minutes with various lies to try to get me to give them the OTP. I kept on refusing . they are outright scammers
BUENAS CAI EN SU CUENTO LES DEPSOSITE 250 DOLARES Y TODO BIEN AL COMIENZO DESPUES QUERIAN Q DEPOSITE MAS Y YO LES DIJE Q NO,, Q QUERIA SABER MAS.. Y AHI LA ANALISTA ALANA SE MOLESTO..POR Q EERA MUY POKITO MI INVERSION, Y YO DECIDI SALIR DE AHI. Y AHORA YA NO CONTESTAS MIS CORREOS Y ME HAN BLOQUEADO EN EL SISTEMA Q NO PUEDO ENTAR…QUISERA SABER MAS INFORMACION DE ESTA EMPRESA ……PERO TENGO LAS EMPRESAS Q RECIBIERON MI DINERO Q SON SAFETIPAY Y PAY RETAILERS, NO SE SI UDS ME PUEDAN APOYAR…. GRACIAS
I got unfortunate occasion to be involved with them today. I was looking to purchase some Digital Yuan and apparently they got it into their wallet. After opening my position with 250€ they disappeared and my account has been closed!).
I went to Police but I guess they can’t do too much.
Please avoid that company!! it’s stealing money!!!
Please save your money from them.
HACE TRES Y MEDIO TAMBIEN ME ENGASUTARON Y LES DEPSOTE 250 DOLARES, Y ME PASEAN YNADA , DONDE PUEDO RECURRIR GRACIAS
THREE AND A HALF AGO THEY ALSO PUSHED ME AND DEPOSITED THEM 250 DOLLARS, AND THEY PASSED ME ANYTHING, WHERE CAN I GO THANKS
hace poco tambien entre en el juego con 250 la cual los he trabajado y he generado ganancia la cual no puedo retirar ni la ganancia y la inversion siempre que trato de gacer un retiro me llaman y dicen que no pudo es xq debo llegar a los 1000¢ para retiral que estafa
Warning!!! They are thieves !!! If you want to keep your money stay away from them!!! They use a lot of phone numbers. From London, Barcelona, Holland and probabily more. And of course have a story to make you pay 1000 Euro.
So take care guys.
Lux Investment took from me 500€ without my knowledge!I gave them my bank card number because they convinced me to do.After that i sent my signature with amount that i agree i invest in their company.When i saw the minimum amount is 250€ i complains but no answer.Was really weird for me and i become suspicious.They started to trading and after one month i decide to make withdraw and close my account.Financical advisor was very rough and he make minus 500€.So i alarm my bank and sipay where transaction gone they was understand my case and made refund.So people there’s no way to earn with trading platforms they are 100% scammers…