High Risk
Reported as a scam / unregulated
SF-706243registry entry
Why LuxBit is on the register
LuxBit is located in Switzerland. Upon investigation, no matching information was found in the Swiss Financial Market Supervisory Authority (FINMA). For a forex trading platform, the complete absence of regulatory oversight is a critical red flag; therefore, LuxBit appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.