4 Best Forex Brokers in Luxembourg
The 4 Best Forex Brokers in Luxembourg – Rated and Reviewed. We have listed the Best Forex Brokers accepting Luxembourger traders.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Luxembourg – a List
- The Best Forex Broker for Beginners and Foreigners
- Is Forex Trading Legal in Luxembourg?
- Trading Forex in Luxembourg – Best Trading Platforms
and much, MUCH more!
4 Best Forex Brokers in Luxembourg – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Luxembourger Traders | 💶 Min. Deposit (EUR) |
| 🥇 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🥈 eToro | 👉 Click Here | ✅Yes | 9,29 |
| 🥉 Saxo | 👉 Click Here | ✅Yes | None |
| 🏅 CMC Markets | 👉 Click Here | ✅Yes | 46,45 |
4 Best Forex Brokers in Luxembourg (2024)
- ☑️ Interactive Brokers – Overall, the Best Forex Brokers in Luxembourg
- ☑️ eToro – Best Overall Offering
- ☑️ Saxo Bank – High User Trust Score
- ☑️ CMC Markets – Massive number of currency pairs
Interactive Brokers
Interactive Brokers is a well-established, extremely well-regulated Forex Broker that offers a large selection of tradable securities, low commissions, and an excellent trading platform. FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, the MAS regulate it.
The IBKR Lite Account is best suited to Beginners and Casual Traders, whereas the IBKR Pro account caters to professionals. Trading platforms include IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.
The following trading instruments and products are available:
- More than 100 currency pairings
- Over 150 exchanges in 33 countries
- Various asset types, including commodities
- Various mutual funds
Moreover, a selection of Cryptocurrencies is available, including Bitcoin, Ethereum, Litecoin, and Bitcoin Funds.
| 🔎 Broker | 🥇 Interactive Brokers |
| 💴 Min. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
The benefits of trading with Interactive Brokers include cost-effective trading accounts for individuals, multiple trusted deposit options, and, dedicated customer Support.
eToro
eToro is a trusted and well-regulated Forex Broker. CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, SIPC regulate it. Moreover, additional safety features include Two-Factor Authentication (2FA) and sophisticated encryption protocols.
A Standard Retail Account and Proprietary Trading Platform is offered. The following trading instruments and products are available:
- 55 currency pairs
- 32 commodities
- 531 ETFs
- 21 indices
- 77 cryptocurrencies
Moreover, a selection of 4,610 stocks from various industries and foreign marketplaces are available.
| 🔎 Broker | 🥇 eToro |
| 📈 Regulation and Licenses | CySEC, FCA, ASIC, FSA, FinCEN, FINRA |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:30 |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | $50 USD |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip |
| 🤝 Affiliate Program | ✅Yes |
| ✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| 📈 Scalping | None |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single base currency |
Our Insights
The benefits of trading with eToro include Social Trading, Negative Balance Protection, and, impressive customer support.
Saxo Bank
Saxo Bank is a Renowned Investment Firm regulated by Fourteen Tier-1 Entities. Additional security measures include anti-money laundering procedures. Accounts offered are Classic, Platinum, VIP, and, Demo. Trading Platforms available are SacoTraderGO and SaxoTraderPro. Moreover, both platforms are proprietary.
The following trading instruments and products are available:
- 185 Forex spot pairs and 140 futures
- Over 8,800 instruments
- Approximately 23,500 equities
- More than 250 futures
- 45 FX vanilla options
- More than 7,000 exchange-traded funds
Moreover, Various Commodities are available for trade. Deposit and Withdrawal options include PayNow, Credit Cards, and, Bank Transfers.
| 🔎 Broker | 🥇 Saxo Bank |
| 📌 Year Founded | 1992 |
| 👤 Amount of staff | Approximately 2,000 |
| 👥 Amount of active traders | Over 800,000 |
| 📍 Publicly Traded | ✅Yes |
| ⭐ Regulation and Security | Very High |
| 🛡️ Regulation | FSA FCA |
| 📈 Account Segregation | ✅Yes |
| 📉 Negative balance protection | ✅Yes |
| 📊 Investor Protection Schemes | ✅Yes |
| 💹 Account Types and Features | SaxoTraderGO, SaxoTraderPRO |
| 🅰️ Institutional Accounts | Available |
| 🅱️ Managed Accounts | Available |
| 💴 Minor account currencies | ✅Yes |
| 💶 Minimum Deposit | Varies by account type and region |
| ⏰ Avg. deposit processing time | Typically 1-2 business days |
| ⏱️ Avg. Withdrawal processing time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | No standard fee, may vary depending on method |
| 💷 Spreads from | 0.4 pips (varies by instrument and market conditions) |
| 💳 Commissions | Variable, depending on account type and trading volume |
| 💸 Number of base currencies | Over 40 |
| 💲 Swap Fees | Varies depending on account type and instrument |
| ▶️ Leverage | Up to 1:200 (varies by asset class and jurisdiction) |
| ⏹️ Margin requirements | Varies by asset class |
| ☪️ Islamic account | Available |
| 🆓 Demo Account | ✅Yes |
| ⌚ Order Execution Time | Typically milliseconds to seconds |
| 🖥️ VPS Hosting | Available |
| 📊 CFDs Total Offered | Thousands |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📈 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| 💻 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 🖱️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Advanced charting, research tools, trading signals |
| 🥰 Customer Support | Very Responsive |
| 🗯️ Live chat | ✅Yes |
| 💌 Support Email | Varies by Region |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Facebook, Twitter, |
| 🔖 Languages | Multiple languages including English, Danish, German, etc. |
| 🏷️ Forex course | ✅Yes |
| ✏️ Webinars | ✅Yes |
| 📔 Educational Resources | Yes (includes articles, videos, and courses) |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Numerous |
| 🤝 IB Program | ✅Yes |
| 🌟 Sponsor notable events/teams | Various |
| 💰 Rebate program | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| ♒ Suited to Active Traders | ✅Yes |
| 💡 Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures and options - complicated cost structures |
Our Insights
The benefits of trading with Saxo Bank include Platform Video Guides, 24/5 Customer Support, and, VIP accounts.
CMC Markets
CMC Markets is a formidable Forex and CFD Broker. BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA regulate it. Moreover, CMC Markets employs cutting-edge encryption technology. Accounts offered are CFD, Spread Betting, and, Corporate. No minimum deposit is required.
Trading Platforms include MetaTrader 4 and Next Generation. Furthermore, a CMC Markets Mobile App is provided. Spreads start at 0.3 Pips, with a leverage of up to 1:30.The following trading instruments and products are available:
- 80+ indices
- 12 cryptocurrencies
- 9,500+ shares
- Share Baskets
- 50+ treasuries
Over 330 currency pairings, including major, minor, and exotic, are also available.
| 🔎 Broker | 🥇 CMC Markets |
| 💴 Minimum Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
The benefits of trading with CMC Markets include various core learning resources and introductory webinars.
Is Forex Trading Legal in Luxembourg?
Forex Trading in Luxembourg is legal and well-regulated by the Commission de Surveillance du Secteur Financier (CSSF).
The Commission de Surveillance du Secteur Financier (CSSF)
The Commission de Surveillance du Secteur Financier (CSSF) is the main financial regulatory authority in Luxembourg. It CSSF is tasked with the supervision of experts, investment companies, pension funds, regulated securities markets, and much more.
In Conclusion
The number of Forex Traders in Luxembourg has seen a notable rise over recent years. Moreover, Forex is fully legal in the country and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
While reviewing the Best Forex Brokers that accept Luxembourger Traders, we found 4 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Faq
MetaTrader 4 and Next Generation.
185+ Currency Pairs, including major, minor, and exotic pairs.
eToro provides a selection of 4,610 stocks from various industries and foreign marketplaces.
IBKR is licensed by nine Tier-1 Regulators.
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