Lux Algo Review: Scam Forex Signals?

Lux Algo is selling “advanced trading signals for the TradingView platform.

In addition to this, the vendor is providing us with Lux Algo V2 Scripts which can be accessed by creating a TradingView profile.

One month membership costs $67. A quarterly license will go for $143.97 while yearly membership costs $489.99 respectively.

This is way costly than even some of the best trading products that we’ve always advised our audience to use.

This will also grant access to company’s market scanners, non-repaint signals alerts and free lifetime updates.

It is not known who the developers are. They can only be contacted on email using Support@luxalgo.com.

Is Lux Algo legit?

This product still falls short of our expectations.

The vendor is only using a video clip and screenshots to show the working of their charting software as well as profits that were allegedly generated by members.

This kind of marketing is not acceptable in 2020 since we have more efficient ways to track performance or pass the message across.

We want to see this vendor put their Lux Algo V2 signals into a myfxbook account.

There’s more credibility when we put these results in a myfxbook account.

While the short video clip is about showing how the indicator draws charts and makes decisions, this is not enough to convince traders to reach for their wallets.

Furthermore, the vendor is also relying on “customer testimonials” to persuade his audience that Lux Algo V2 is profitable and efficient.

The question is who puts negative customer testimonials on their website?

Conclusion

We still doubt whether this software and signals provider has what it takes to solve your problems in the trading environment.

The presentation is lackluster, only the website is professionally done.

That’s just how far this vendor can go. We do not like to recommend such products to our audience as we cannot deliberately ruin our reputation.