Beware: Luxe Global Capital Group is Another Fake Crypto Project

Many people have been asking whether a trading platform called Luxe Global Capital Group is actually legitimate. In response, our researchers decided to take a closer look at the project, allowing our readers to make an informed decision. The platform claims to be an award-winning trading platform with over 610,000 traders worldwide.

It also states that it was named the best CFD Broker during the Trade ON Summit in 2023. However, after conducting an in-depth search, we found no information about Luxe Global Capital Group beyond their two websites.

Furthermore, Luxe Global Capital Group (LGC) claims to have been in existence since 1999. Yet, there is no record of this name on any UK company register, and it is not any regulated by any financial body.

Despite having a .co.uk domain, the platform claims to have a presence only in the USA, China, Hong Kong, Dubai, Kuala Lumpur, Australia, and other countries.

Upon visiting the “About Us” page, we found four images of unknown individuals that were generated by AI. Despite attempts to legitimize their questionable activities, it’s clear that the platform’s anonymous founders are engaged in a shady operation. None of these founders exist in real life; they are merely AI-generated personas. A google search indicate that those pictures have even been used elsewhere.

We further investigated the registration of the domains linked to the project. The domain information is hidden, but we discovered that the domains were registered with GoDaddy and Gname.com. The domain lgcgroupltd.cc was registered on 23/04/2024, while luxeglobalcapital.co.uk was registered on 07/05/2024, exposing the claim that the company was founded in 1999 as a complete lie.

Also, the Trustpilot review on the website links to Pepperstone, a trading platform that has no business with the fake project.

Additionally, some individuals might mistakenly associate this platform with the Capital Group Global Allocation Fund (LUX), but there is no connection between the two.

In conclusion, the trading platform may have been deceiving unsuspecting users. If you haven’t yet fallen victim to this dubious platform, please be cautious.

Note: If you spot or suspect any crypto scam, kindly inform us, we can make findings on it.