Luxtious Review

About Luxtious

Luxtious operates under the legal entity Intermarkets Corp. Ltd., registered in the Comoros Union on the island of Mwali (Moheli), holding license number T2023299 issued by the Mwali International Services Authority (MISA) or Agency for Regulation and Development of the Financial Market of Mwali, Comoros Union (). The broker offers trading in forex and CFDs, with a minimum deposit starting at USD 2 500 and maximum leverage of up to 1:200. Islamic (swap-free) account options are provided, and trading occurs via a WebTrader platform; no spreads, swaps, or commission details are publicly disclosed. Demo account access is unavailable ().

The MISA license has been cancelled according to the regulator, and Luxtious is marked by BrokersView as operating as an unregulated broker under status “SCAM”; its website is currently unavailable (). The Mwali regulator is not recognized by reputable authorities such as the FCA or ASIC, and its licensing does not provide meaningful investor protection ().

Pros and cons

Pros

• Provides Islamic (swap-free) accounts.
• Offers WebTrader platform access.

Cons

• Minimum deposit starts at a high USD 2 500.
• No transparent information on spreads, swaps, commissions, or contract specifications.
• Demo account unavailable.
• Website registration fails; accounts require manual support intervention.
• MISA regulation is not credible and has been cancelled; no oversight by recognized regulators.
• Marked as scam by regulatory monitoring services.