LuxQuotes

LuxQuotes is a forex and CFD broker that was founded on 17 April 2025 and is registered in the United Kingdom. The broker operates under the domain luxquotes.vip, offering a range of trading instruments including forex, commodities, cryptocurrencies, US and EU stocks, indices, ETFs, and additional global markets.

As a newly established entity, LuxQuotes is positioning itself to attract traders through a tiered account structure that caters to different capital levels. However, the broker's lack of a public operational track record means that independent verification of its services remains limited at this time.

According to known facts, LuxQuotes does not hold any regulatory licences from recognised financial authorities. This absence of regulation means that the broker is not subject to the oversight of bodies such as the Financial Conduct Authority (FCA) in the UK or other major regulators.

For traders, trading with an unregulated broker carries inherent risks, including limited recourse in the event of disputes or financial loss. The lack of regulatory oversight also means that client funds may not be segregated or protected under compensation schemes. FXCanary's assessment considers this a significant factor in evaluating the broker's risk profile.

LuxQuotes offers five account tiers, designed to accommodate traders with varying levels of capital. The Trial account requires a minimum deposit of €250, followed by the Basic account at €2,500. The Standard account has a minimum deposit that is not disclosed, while the Advanced account requires €25,000, and the VIP account requires €50,000.

Maximum leverage figures are not provided for any account type, which is unusual for a broker that appears to target leveraged trading. The high minimum deposits for the Advanced and VIP accounts suggest a focus on high-net-worth individuals or experienced traders who are willing to commit substantial capital.

The broker claims to offer a diverse range of trading instruments, covering major asset classes. These include forex pairs, commodities (such as gold and oil), cryptocurrencies, US and EU stocks, indices, and ETFs, as well as additional global markets. This broad selection is typical of multi-asset brokers that aim to provide one-stop trading solutions.

However, without regulatory oversight or independent reviews, the actual execution quality, liquidity, and breadth of instruments cannot be confirmed. Traders should exercise caution and conduct their own due diligence before committing funds.

FXCanary has assigned LuxQuotes a Scam Risk Score of 56 out of 100, indicating an elevated level of risk. This score is based on the broker's lack of regulation, its very recent establishment, and the absence of independent user reviews or verifiable operational history.

The high minimum deposit requirements for certain account tiers further contribute to the risk, as they may lock in larger amounts of capital with a broker that has not demonstrated reliability. Traders are advised to consider these factors carefully and to only invest what they can afford to lose.

LuxQuotes is a broker that presents itself as offering a full range of trading services, but its lack of regulation and short track record make it a high-risk choice. The tiered account structure may appeal to traders with substantial capital, but the absence of leverage details and regulatory oversight is concerning.

Potential clients should approach LuxQuotes with caution and prioritise brokers with proven regulatory credentials and transparent operations. Independent information about the broker is scarce, and the risk profile suggests that due diligence is essential before any engagement.