Upon Verification: LuxQuotes Is Operating Through The Website Https://luxquotes.com/.
On November 26, 2024, The Commission Of Financiers' Supervision (CSSF) Issued A Warning Regarding Fraudulent Activities Carried Out By The LuxQuotes Entity.
Reviewed LuxQuotes Is An Unregulated Broker
According To Its Website, It Claims To Be Regulated By The Commission De Surveillance Du Secteur Financier (CSSF).
However, We Found That The Commission De Surveillance Du Secteur Financier (CSSF) Issued A Warning Regarding Fraudulent Activities Carried Out By The Entity LuxQuotes.
Essentially, LuxQuotes Is Not Regulated By Any Governing Body. Funds Entrusted To Investors Are High-risk, As There Are No Legal Safeguards To Protect The Funds.
LuxQuotes Appears To Be A Scam, And Traders Should Be Vigilant In Case They Are Deceived.
And Most Non-compliant Brokers Do Not Disclose Providing Their Direct And True Contact Information, Such As Phone Numbers Or Company Addresses.
Note: LuxQuotes As An Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
