- Brokers HOT
- Scam
- BV Assessment NEW
- Rankings
- Regulators
- News
- Claims
- Expo
- Event
- Awards
Search
Download
English
Unlicensed Forex Broker LuxQuotes Warned by Luxembourg Regulator
On November 26, Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) alerted the public to fraudulent activities regarding LuxQuotes.
According to the regulator, the company LuxQuotes Bank Europe Ltd (LuxQuotes), which claims to be registered in Luxembourg, was not authorized by the local regulator.
This broker used the website www.luxquotes.com to promote its financial services, boasting about its experts.
In addition, the Luxembourg regulator also presented the e-mail address and phone number used by the scammer.
The CSSF stated, “LuxQuotes and LuxQuotes Bank Europe Ltd are not supervised by the CSSF and have not been granted any authorisation to provide investment services or other financial services in or from Luxembourg.”
LuxQuotes claimed to help clients access global markets, provide expert analysis and innovative tools to maximize financial growth, and offer unparalleled trading and investment opportunities. However, the mere fact that it is not regulated is well enough to make it an untrustable broker for investors.
Hottest
©2018-2024 BrokersView EU Limited. All Rights Reserved.
Risk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer:
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.