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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