Choose your quick section of our best CSSF Regulated Forex Brokers in Luxembourg below.
Our 10 Best Handpicked CSSF Regulated Forex Brokers in Luxembourg Revealed:
There are a number of factors a trader should consider when looking for the best CSSF regulated Forex brokers in Luxembourg. Here is an overview of the 10 Largest (größte) CSSF Regulated Forex Brokers available to local investors.
Forex Time (FXTM)
FXTM or ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295. FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary. Three accounts are offered under the Standard category. Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Limited range of instruments |
| Established in 2011 | Not ASIC Regulated |
| Regulated by CySEC | |
| Min. deposit from $10 |
FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.
Trading Benefits
| Trading Features: | Accounts offered: | Funding methods: |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Offers STP | Mini account | Payoneer |
| Low min deposit | Standard account | Neteller |
| Offers Negative Balance Protection | Zero spread account | |
| ECN account | ||
| Islamic account |
Customer Service is available via phone, email, online chat options – WhatsApp, live chat, Viber, Telegram or Messenger.
eToro
eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK. eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.
Pros and Cons
| Pros | Cons |
| Used by 6,000,000+ traders | Doesn’t allow scalping |
| Established in 2006 | Inactivity Fee |
| Regulated by Financial Conduct Authority, CySEC, ASIC | Limited range of instruments |
| Min. deposit from $200 |
eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert. Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.
Trading Benefits
| Trading Features: | Accounts offered: | Funding methods: |
| Offers STP | Demo account | Credit cards |
| Low min deposit | Micro account | Bank Transfer |
| Mini account | PayPal | |
| Standard account | Skrill | |
| Islamic account | Payoneer | |
| Neteller |
eToro supports a wide range of languages including English, German, Spanish, French, and Italian. 24/6 customer support is available via telephone and support ticket.
XTB
XTB is a European broker which was founded in 2002, and has offices in 13 countries across the globe. XTB is regulated by the UK Financial Conduct Authority (FRN 522157) and has been listed on the Warsaw Stock Exchange since 2016. XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from: xStation5 and MT4
Pros and Cons
| Pros | Cons |
| Lowest FX spreads | Does not accept U.S. clients |
| Regulated by FCA (U.K.) | Non-FX spread costs are high |
| Offers protection for client accounts | No guaranteed stop loss |
| Emphasis on customer service | No back-testing or automated trading capabilities |
Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.
Trading Benefits
| Trading Features: | Accounts offered: | Funding methods: |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Offers STP | Mini account | PayPal |
| Low min deposit | Standard account | Skrill |
| Guaranteed stop loss | Islamic account | Payoneer |
| Offers Negative Balance Protection | Neteller |
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.
Roboforex
Roboforex are an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading. Roboforex is authorized and regulated by the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Limited range of instruments |
| Established in 2009 | Not FCA Regulated |
| Regulated by IFSC Belize | |
| Min. deposit from $10 |
When starting off with Roboforex traders will need to make a minimum deposit of $1 and there is an option available for a demo account for those who would like to get acquainted with the platform. Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs. Roboforex offers over 100 instruments and over 35 currency pairs in total. Roboforex offers traders both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders. Roboforex also offer mobile apps for Android and iOS.
Trading Benefits
| Trading Benefits | Accounts Offered | Funding Methods |
| Allows scalping | Micro | Credit cards |
| Allows hedging | Mini | Bank Transfer |
| Offers STP | Standard | Payoneer |
| Low min deposit | Zero | Neteller |
| ECN | ||
| STP | ||
| Islamic |
Customer support is available via phone, Webchat, WeChat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email and a call-back request.
FP Markets
FP Markets is a global, online broker regulated by the Australian ASIC and the Cypriot CySEC which was founded in 2005 and offer Forex trading and has a head office situated in Australia. When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer. Over 100 instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform. FP Markets also offers traders mobile apps for Android and iOS.
Pros and Cons
| Pros | Cons |
| Low Forex Fees | High Stock CFD fees |
| Easy Account Opening | Limited Product Portfolio |
| Quick Deposit and Withdrawal | Outdated Platform |
Trading benefits
| Trading Benefits | Accounts Offered | Funding Methods |
| Allows scalping | Mini | Bank Transfer |
| Allows hedging | Standard | Credit/Debit |
| Offers STP | ECN | Electronic Wallets |
| Low min deposit | STP | |
| Offers Negative Balance Protection | Managed |
All accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese.
Customer Service is available via e mail, phone and live chat.
XM Group
XM Group (XM) is a group of regulated online brokers regulated by the Cyprus Securities and Exchange Commission.
Pros and Cons
| Pros | Cons |
| Low stock CFD and withdrawal fees | Limited product portfolio |
| Easy and fast account opening | Average forex and stock index CFD fees |
| Great educational tools | No investor protection for non-EU clients |
XM offers traders more than 1000 financial instruments to trade on both the MT4 and MT5 platforms, including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs. Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs. Traders must take note that XM does not offer binary options or futures.
Trading Benefits
| Trading Features | Accounts Offered | Funding Methods |
| Negative Balance Protection | Micro | Wire Transfer |
| Low Spreads | Standard | Credit/Debit |
| Low Commission | XM Zero | Neteller |
| Hedging Allowed | UnionPay | |
| Scalping Allowed | WebMoney | |
| Qiwi |
Customer Service is available via live chat, Phone and e mail support.
HotForex
HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA and SFSA.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Limited range of instruments |
| Established in 2010 | Not FCA Regulated |
| Regulated by CySEC | |
| Min. deposit from $1 |
The HotForex MT5 terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar. The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.
Trading Benefits
| Trading Features: | Accounts offered: | Funding methods: |
| Allows scalping | Micro account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Offers STP | Standard account | Neteller |
| Low min deposit | Zero spread account | |
| Offers Negative Balance Protection | Islamic account |
Customer support is available via phone and e mail.
FBS
FBS is a Forex and CFD broker which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC).
Pros and Cons
| Pros | Cons |
| Negative Balance Protection | Limited Tradable assets |
| Excellent Regulation | Limited Trading Platforms |
| Available in Multiple Countries | |
| Award Winning Service |
FBS offers users the option to trade on Forex, Indices, Stocks, Metals and Energies across the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms .
Trading Benefits
| Trading Features | Accounts Offered | Funding Methods |
| Copy Trading | Cent | Wire Transfer |
| Rapid Order Execution | Micro | Credit/Debit |
| Standard | Neteller | |
| Zero Spread | Bitwallet | |
| ECN | Perfect Money |
Customer Support is available 24/7 via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.
FXCM
Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker, authorised and regulated by the UK Financial Conduct Authority under the Forex Capital Markets Limited and is part of the Leucadia Company, which offers users the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4, NinjaTrader and ZuluTrade.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Limited range of instruments |
| Established in 1999 | |
| Regulated by Financial Conduct Authority | |
| Min. deposit from $1 |
FXCM offers traders 4 main types of trading accounts to choose from, including Spread Betting, CFD Trading, Active Trader and Professional Clients. A Free Demo account is also made available.
Trading Benefits
| Trading Features: | Accounts offered: | Funding methods: |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Offers STP | Standard account | Payoneer |
| Low min deposit | Islamic account |
Customer Support is available via Live Chat, Phone, E mail and SMS.
HYCM
HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Doesn’t offer VPS |
| Established in 1977 | Inactivity Fee |
| Regulated by Financial Conduct Authority | Limited range of instruments |
| Min. deposit from $1 | Not ASIC Regulated |
Traders starting off with HYCM will need to make a minimum deposit of at least $100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice. a wide variety of instruments and currency pairs are available for trade: Over 100 instruments, Over 40 currency pairs.
Trading Benefits
| Trading Features: | Accounts offered: | Funding methods: |
| Allows scalping | Micro account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Low min deposit | Standard account | PayPal |
| Islamic account | Payoneer |
HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.
Conclusion
For any investor new to trading, the number one factor to keep in mind is safety. This includes the safety of money and personal information. The Forex market can be dangerous place if an investor does not protect themselves. This may seem impossible, but can actually easily be done. How? Simply choose to trade with a well-regulated Broker!
Luxembourg has become a very popular location to watch (uhr) and take note of for the Forex trade (handle), large corporations and the wealthy alike. The reason being, Luxembourg provides a safe haven for those seeking tax refuge. Luxembourg also stands (steht) out from the crowd due to a stable political and economic markets (märkte). There are an increasing number of local investors becoming part of the trade (handel) has seen a steady increase in Luxembourg and the number of Brokers in the country has seen a notable surge in return.
We spoke to a Leading Forex Trader in Luxembourg, to give us an overview of the Forex Market in general and how to trade in Luxembourg.
“Damit ein deutscher Forex-Anleger handeln kann, muss er ein Handelskonto bei einem gut regulierten Forex-Broker eröffnen. Händler sollten verstehen, dass Forex-Broker immer “auf der Uhr” sind und sie ihren Kunden für diesen sehr wichtigen Service Gebühren in Rechnung stellen werden. Der Handel mit einem unregulierten Forex-Broker kann eine Reihe von Konsequenzen nach sich ziehen und Trader sollten versuchen, dies um jeden Preis zu vermeiden. Deutsche Investoren haben Zugang zu einigen der größten Forex-Broker der Welt. Die Kontotypen, die deutschen Händlern zur Verfügung stehen, können Mini- bis Standardkonten umfassen, und jedes Konto hat seine eigene Auswahl an Produkten, in die man investieren kann. Fast alle Arten von Produkten sind für den Handel verfügbar, einschließlich Lebensmittel, Kleidung, Teile, Öl, Schmuck, Wein, Aktien, Währungen und Wasser. Der Zugang zu Hilfe in Form von Kundensupport wird den deutschen Investoren zur Verfügung gestellt. Ein Kunden-Support-Team wird in der Lage sein, alle Fragen zu beantworten und zu erklären, wie der Prozess des Investierens funktioniert. Wenn ein Investor auf irgendeiner Ebene der Brokerfirma und deren Arbeitsweise verwirrt ist, sollte er in der Lage sein, so viele Fragen wie nötig zu stellen.
Der “blinde” Handel hat Konsequenzen, wie zum Beispiel Kapitalverluste. Daher kann ein kurzes Telefonat mit “unserem vertrauenswürdigen Team von Fachleuten” deutschen Anlegern helfen, ihre Handelsstrategie auf lange Sicht zu verbessern. Das Kundensupport-Team des Brokers muss unabhängig von der Uhrzeit erreichbar sein, sei es in Deutschland oder in einem anderen Land der Welt. Ein Devisenverkauf (oder -einkauf) kann im Bruchteil einer Sekunde schief gehen, da die Finanzmärkte einem ständigen Wandel unterliegen und kein Handel eine sichere Sache ist. Wenn es um eine Forex-Handelsstrategie geht, kann weniger mehr sein, aber ein Investor muss den Markt verstehen, bevor er ein Live-Handelskonto einrichtet. Alle Investoren, vor allem Einsteiger, sollten jedes Stück Bildung, das sie auf ihrem Weg aufschnappen, festhalten, da der Markt sich ständig verändert!”
What this roughly translates to is –
In order for a German forex investor to trade, they must open a trading account with a well-regulated forex broker. Traders should understand that forex brokers are always “on the clock” and they will be charging their customers for this very important service. Trading with an unregulated forex broker may come with a set of consequences and traders should try to avoid this at all costs. German investors have access to some of the largest forex brokers in the world. The account types available to German traders may include mini-to-standard accounts, and each account has its own selection of products available to invest in. Almost all types of products are available for trade, including groceries, clothing, parts, oil, jewellery, wine, stocks, currencies, and water. Access to help in the form of customer support will be made available to German Investors. A Customer support team will be able to answer any questions and will be able to explain how the process of investing works. If an investor is confused about any level of the brokerage firm and the workings thereof, they should be able to ask as many questions needed.
Trading “blind” will come with consequences such as capital loss. Therefore, having a quick call-in session with “our trusted team of professionals” can help German investors to improve their trading strategy in the long run. The Brokers Customer Support team has to be available no matter what the time on the clock may be, be it in Germany or in any other country across the globe. A currency sale (or buy in) can go wrong in a split second as the Financial Markets are subject to constant change and no one trade is a sure thing. When it comes to a Forex Trading strategy, less may be more, but an investor will have to understand the market before setting up a live trading account. All investors, especially entry level traders, should hold on to every piece of education they pick up along the way as the market is ever changing!
What is Forex Trading? – A Quick Overview
The foreign exchange market is a global marketplace for exchanging national currencies against each another. Trade (handel), commerce, finance, and forex markets have a global reach and this makes for the largest and most liquid asset markets in the world! A foreign exchange account (konto), is used by traders to hold and trade foreign currencies. Generally, a deutsche investor will open an account (konto), deposit money in said account (konto), and then buy and sell (verkauf) currency pairs. The purpose is to make money from a trade (handeln).
Every account which is used to trade (handeln) forex will come equipped with a trading tools, which may include technical indicators, an economic calendar and a pip calculator in order to help (helfen) investors trade (handeln). Educational tools on offer may include videos to watch (uhr) and articles to read. Some Forex Brokers may even email missed webinar to investors, enableling them to watch (uhr) this on their own time. Most Brokers will also offer a social media account, be it twitter or facebook, to follow in order to stay up to date with available products (produkte), offer (s) (bieten) and news.
FAQs
What is CSSF?
The CSSF stands for Commission de Surveillance du Secteur Financier which is an organization tasked with the responsibility of all financial institutions in Luxembourg.
What does CSSF do?
The CSSF is responsible for the wellbeing of traders in Luxembourg. In an effort to keep their clients safe, the CSSF supervises credit, payment and investment institutions, oversee public audits, and much more.
Are CSSF regulators safe?
Yes. The CSSF is a highly trusted regulator, and their brokers are among the best.
Top 4 Brokers
