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Luxtious.com Review: Beware of Luxtious Scam

Luxtious.com presents itself as a broker, but there are alarming signs suggesting it might be a scam. Read on to uncover why trusting Luxtious could lead to financial loss and disappointment.

Luxtious.com operates without regulation or a license to offer financial services, a major red flag in the trading industry. The lack of oversight means there's no authority to hold Luxtious accountable for its actions, leaving investors vulnerable to potential scams.

Without regulatory compliance, Luxtious.com could engage in deceptive practices, manipulate trades, or withhold withdrawals without repercussions. Entrusting your funds to an unregulated broker like Luxtious is akin to inviting trouble.

Numerous reports and reviews have surfaced online, warning individuals about their negative experiences with Luxtious.com. Many users have fallen victim to their schemes, losing substantial amounts of money with little to no recourse for recovery.

Conclusion: In conclusion, Luxtious.com appears to be operating as an unregulated and potentially fraudulent broker. With no oversight or license to offer financial services, trusting Luxtious could result in financial loss and disappointment. It's imperative to exercise caution and conduct thorough research before engaging with any online broker to safeguard your investments and avoid falling victim to scams. Stay vigilant, and remember: if it seems too good to be true, it probably is.

By: Betty Lerma

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Cinpax Review: Avoid Cinpax.com Investments

A Brief Overview of Cinpax

The platform sells itself as the place to unleash your investing and trading potential. There’s an appeal that they offer ideal trading conditions and features. We have to give it to them for creating an engaging website.

Yes, once you land on their platform, you immediately feel at home. The website sells the aurora of a legit and professional trading website. And this makes it look legit, a case we have to dismiss.

Thanks to our keen eye, we can spot investment fraudsters a mile away. Cinpax is one of them as they blatantly refuse investors to withdraw funds. And this is the main problem members face. No one has made any withdrawals for the past couple of months.

To understand the true nature of investing and trading, you need platforms that experts back. These platforms offer the best in terms of conditions and features. So make the right decision and sign up with formidable options offering reliable services.

Cinpax.com will take your money, and you will have no way of recovering it. Those who hire recovery agents don’t even get a quarter of what they have deposited. In fact, you will lose more money trying to recover funds.

These recovery agents don’t have the mandate or power to freeze accounts. Instead, the agents will only plead with the platform to release funds by promising legal action. What most don’t understand is that the platform is based offshore.

Accounts and plans Cinpax

Cinpax offers five trading accounts, with the beginner account having a leverage of 1:400. The high leverage immediately informs us that the platform enjoys no oversight. No regulator in their right mind would allow such a high ROI.

Here’s a closer look at the five accounts, including conditions and features;

Starter

It’s the standard account and is best for beginners, and this is according to the platform. The minimum acceptable deposit is $250, with members having access to proprietary trading platforms. There are no commissions that come with this account.

Apart from the high leverage, everything else checks out.

Basic

For the second account on offer, members must deposit $2,500 to start trading. 10.00 is the maximum order size, and an account manager is available. Members also get price alerts with customized trading strategies.

Advanced

There’s a minimum amount of $25,000 that must be deposited to trade with this account. The features include exclusive daily market analysis and a personal portfolio. Members also get price alerts with variable and fixed pricing.

With the professional account, hedging is allowed with fixed pricing. The minimum deposit is $100,000, with members also getting research tools. In addition, price alerts are available, not forgetting a personal portfolio.

VIP

It’s the most exclusive account as members are promised account protection with the lowest market price differences. In addition, members enjoy negative balance protection, and hedging is allowed. Unfortunately, there’s no account manager or professional help with this account.

Account Managers

Judging by the experience of members, the platform lacks professional account managers. Jeff claims that his interaction with the account manager was brief. The account manager was only interested in more deposits.

According to Jeff, the account manager would harass him with calls asking for more deposits. Finally, the story goes that the manager claims to have found a new and profitable venture. To get a piece of the action, Jeff had to deposit more funds.

There’s nowhere on the platform does the website gives information on team members. You would expect the platform to have the names of team members. As it stands, we have no proof that these are professionals with any experience.

Business Registration

According to the disclaimer at the footer of the homepage, Cinpax Ltd is the parent company. However, the information clearly shows the company is registered in St Vincent and the Grenadines. An offshore platform should be the last avenue for investors and traders.

Without any information on the platform’s address, we feel that this is an anonymous website. Anonymity is a great risk that no one should take. Once you deposit funds, it remains unclear who is held responsible.

Cinpax License and Registration Status

Cinpax is an offshore investment and trading platform that will take your money and run. The platform does not hold any legal footing to offer these services. We don’t see any documents supporting their claim to online trading services.

Without any compliance, the platform is free to operate without following industry guidelines. And this is the reason why we are afraid for the investor who blindly signs up and deposits. You won’t enjoy the protection that comes with a regulated entity.

Features, Pros, and Cons of Cinepax.com

Trading platform

The platform offers a multi-asset trading platform. It’s a custom-made platform they claim is advanced, articulate, and efficient. Their platform is compatible with all devices but lacks intuitive tools.

You get 3 chart types with 9-time frames with built-in financial news. Even if you make profitable trades with the platform, withdrawing is the main problem.

Safety of funds with Cinpax

Cinepax won’t offer any security cover to investors. The platform does not segregate accounts or offer a safety net to deposits made. In addition, there’s no insurance cover protecting investors in the event of bankruptcy or insolvency.

By: Betty Lerma