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LuxQuotes

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Operating status: SCAM

Website: https://luxquotes.com/

Broker violations and abnormal records
  • 2024-11-25 The CSSF issues a warning against LuxQuotes

     On November 26, 2024, Commission de Surveillance du Secteur Financier (CSSF) issues a warning about the fraudulent activities carried out by the entity LuxQuotes. https://www.cssf.lu/en/2024/11/warning-concerning-the-fraudulent-activities-carried-out-by-luxquotes-luxquotes-bank-europe-ltd/

    On November 26, 2024, Commission de Surveillance du Secteur Financier (CSSF) issues a warning about the fraudulent activities carried out by the entity LuxQuotes. https://www.cssf.lu/en/2024/11/warning-concerning-the-fraudulent-activities-carried-out-by-luxquotes-luxquotes-bank-europe-ltd/
  • 2024-12-02 BrokersView has reviewed that LuxQuotes is an unregulated broker

    According to its website, it claims to be regulated by Commission de Surveillance du Secteur Financier (CSSF). However, we found that the Commission de Surveillance du Secteur Financier (CSSF) issues a warning about the fraudulent activities carried out by the entity LuxQuotes.

    In essence, LuxQuotes is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    LuxQuotes appears to be a scam.

    According to its website, it claims to be regulated by Commission de Surveillance du Secteur Financier (CSSF). However, we found that the Commission de Surveillance du Secteur Financier (CSSF) issues a warning about the fraudulent activities carried out by the entity LuxQuotes. In essence, LuxQuotes is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. LuxQuotes appears to be a scam.

Related Complaints

Q&A

Scam or good broker? LuxQuotes.

olatunji ibrahim
Cyprus
2024-12-03
ANSWER Dear Investor, Thank you for reaching out to us. We've investigated LuxQuotes and believe it to be a scam. Firstly, the website appears to have emerged recently, with its domain name registered in October this year. It is not recommended to engage with new trading platforms, as their reputation is untested. Worse, such platforms are often created hastily by fraudsters to scam money. Our findings support this assumption: LuxQuotes falsely claims to be regulated by the Commission de Surveillance du Secteur Financier (CSSF). The CSSF has issued a warning, clarifying that LuxQuotes is neither registered with nor regulated by them. Therefore, we strongly suggest you avoid using LuxQuotes. For a safer trading environment and peace of mind, it is recommended to opt for fully regulated brokers.
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