Luxoshi is a crypto airdrop scam broker that claims to offer a variety of services, including trading, staking, and margin lending. However, Luxoshi is not a legitimate broker and is instead a fraudulent operation.
Company Overview
Luxoshi is a relatively new broker, having been founded in 2022. The company’s website is poorly designed and lacks any information about its founders or team members. Luxoshi does not have any legitimate regulation or licensing, and there are no credible reviews of the company online.
Does Luxoshi Have Any License?
No, Luxoshi does not have any license or regulation from any reputable financial authority. This is a major red flag, as legitimate brokers are always required to be licensed and regulated.
Is Luxoshi Regulated By Any Authority?
No, Luxoshi is not regulated by any authority. This means that there is no governing body to oversee the company’s activities or protect its clients.
Pros and Cons
Pros:
- Luxoshi offers a variety of trading features, including margin trading and staking.
- The company’s website is easy to use and navigate.
- Luxoshi offers a free demo account for beginners.
Cons:
- Luxoshi is not a legitimate broker and is instead a fraudulent operation.
- The company does not have any regulation or licensing.
- There are no credible reviews of Luxoshi online.
How Does Luxoshi Reach To Their Prey?
Luxoshi targets its victims through a variety of channels, including social media, online ads, and word-of-mouth. The company often uses fake testimonials and celebrity endorsements to lure in unsuspecting investors.
Technical Details
Minimum Deposit:
The minimum deposit requirement for Luxoshi is $250. This is a relatively low deposit requirement, which may make the company seem more attractive to potential investors. However, it is important to remember that Luxoshi is a scam, and any money deposited with the company is at risk.
Trading Platform:
Luxoshi’s trading platform is a web-based platform that is not very user-friendly. The platform is slow and unresponsive, and it lacks many of the features that are common on other trading platforms.
Spread:
The spread on Luxoshi’s trading platform is high, which means that traders will pay more for each trade. This can significantly reduce the profitability of trading with Luxoshi.
Leverages:
They offer high leverage, which can magnify profits but also losses. This makes Luxoshi a risky broker for inexperienced traders.
Packages and Products They Offer
Luxoshi offers a variety of packages and products, including:
- A basic package that allows traders to trade cryptocurrencies.
- A premium package that allows traders to trade cryptocurrencies and other assets, such as forex and commodities.
- A VIP package that offers exclusive features and benefits, such as a dedicated account manager and higher leverages.
Withdrawal and Deposit Method
Luxoshi offers a variety of withdrawal and deposit methods, including credit cards, debit cards, and wire transfers. However, it is important to note that withdrawals from Luxoshi can be difficult and time-consuming.
What Do Their Previous Traders Say?
There are no credible reviews of Luxoshi online. However, there are a number of complaints from people who have lost money with the company. These complaints allege that Luxoshi is a scam and that the company has refused to return their money.
Summing Up- Why Should Not You Trust Luxoshi
Luxoshi is a crypto airdrop scam broker that should not be trusted. The company is not legitimate and does not have any regulation or licensing. There are no credible reviews of Luxoshi online, and there are a number of complaints from people who have lost money with the company.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with Luxoshi, you should seek legal advice. There are a number of law firms that specialize in recovering lost funds from scam brokers.
File A Complaint Against Scam Broker's
Final Thoughts
Luxoshi is a crypto airdrop scam broker that should be avoided. If you are considering investing with Luxoshi, I urge you to reconsider. There are many legitimate brokers available, and there is no need to risk your money with a scam like Luxoshi.
If you have any questions or concerns about Luxoshi, please feel free to contact me. I am happy to help you in any way that I can.
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