Best Brokers Luxemburg 2022

To come up with this list, we have tested over 20 forex brokers Luxemburg.

We opened a real account and deposited between $4,000 and $6,000 with each broker. Then, to get the actual picture we placed real trades in each popular market. 

We also contacted the customer support to solve issues that we had encountered. At last, we withdrew our funds to check the withdrawal process.

We handpicked the best forex brokers Luxemburg based on our trading data and experience as a trader.

Is Forex Trading available in Luxemburg

Forex brokers Luxemburg are subject to rigorous supervision by the Commission de Surveillance du Secteur Financier (CSSF), which is an independent financial regulator overseeing all products and services. The agency has wide-ranging regulatory authority over non-banking sectors within its borders making it one powerful organization that can issue licenses or initiate investigations against member firms.

The Commission de Surveillance du Secteur Financier’s website is www.cssf.lu.

The CSSF is committed to promoting fairness and simplicity in the financial markets so as not only to protect clients from broker scams but also fraudulent activities.

Luxembourg is a highly attractive country for entrepreneurs and investors due to the many benefits it provides. The low tax rate of corporate income, as well as great privacy laws, make this EU member an excellent choice.

In recent years, there has been an increase in the popularity of Forex trading in the country. Some reputable brokers opened their offices in Luxemburg. However, Luxemburg is a part of the EU so all European Brokers and UK Brokers are available for Luxemburg clients. Traders are recommended to choose from Cyprus, Germany, or EU brokers with good reputation.

🏦Regulator	Commission de Surveillance du Secteur Financier (CSSF)
🛡️Is It safe to trade	Yes
🔒Negative Balance Protection	Yes
💰Compensation Scheme	Yes

Best Forex Brokers in Luxemburg

When talking about the best brokers Luxemburg, traders should consider the fact that there are brokers based in the country falling under local regulation. However, as Luxemburg is a part of the EU,  there are also many reliable European brokers that accept traders from Luxemburg due to ESMA regulation rules.

Before choosing a broker, we recommend signing only with reliable brokers, as money safety in forex trading goes first. Also, it is essential to verify whether the broker supports the necessary payment methods. Another important point to pay attention to is the customer support of the broker. It is important to check if it offers services in the preferred language.

To select the best forex brokers in Luxemburg, we have tested and reviewed over 20 forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. Our tests gave us an insight into the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services. Based on them, we recommend choosing from Cyprus, Germany, or other EU brokers with a good reputation.

To be helpful, we have come up with the best forex brokers Luxemburg:

• Markets.com
• Admiral Markets
• Trading 212
• FxPro 
• eToro

Best Forex Broker Luxemburg Overall

We picked Markets.com as the overall best forex broker Luxemburg. 

Founded in 2008, Markets.com is a global Forex and CFDs broker.  The broker is heavily licensed in the United Kingdom, Australia, Cyprus, South Africa, and the British Virgin Islands. The broker offers tradable instruments under the following categories: forex pairs, indices, stocks, commodities, and cryptocurrencies.

Most of the spreads charged by the broker are a little higher than industry benchmarks. As to the account types, the broker offers 5 main options: CFD, investment strategy builder, MT4 CFD, MT5 CFD, and share dealing accounts. Besides, Markets.com offers swap-free Islamic Accounts to its Muslim clients.

Deposits and withdrawals with Markets.com are fast and easy. The following payment methods are available: bank wires, credit and debit cards, and e-wallets such as Skrill, PayPal, and Neteller. The choice of trading platforms is also quite wide. Markets.com offers two proprietary trading platforms – Marketsx and Marketsi. Besides, traders preferring the popular MetaTrader 4 and MetaTrader 5 platforms, are still able to conduct their trades on one of the platforms.

Best Forex Brokers for Beginners in Luxemburg

We picked Admiral Markets as the best forex broker Luxemburg for beginners.

Admiral Markets is a global Forex and CFDs broker.  It was founded in 2001 and is based in Estonia. The broker is strictly regulated and holds licenses in Australia, the United Kingdom, Cyprus, and Estonia. Admiral Markets offers a great number of tradable instruments: Forex pairs, indices, stocks, commodities, and cryptocurrencies.

Admiral Markets offers 5 account types: Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, and Zero.MT5. With the broker, traders have access to the popular MetaTrader 4 and MetaTrader 5 platforms.

We have picked Admiral Markets as the best forex broker Luxemburg for beginners, as its education section is really great, with quality materials. The broker has a great beginners course – Forex 101 that includes nine in-depth lessons designed for beginners. To gain access to the course, traders have to sign up for a free demo account first. 

Best MT4 Forex Broker in Luxemburg

We picked FxPro as the best MT4 broker in Luxemburg. 

FxPro is a UK forex broker. It was founded in 2006. FxPro offers CFDs across six trading instrument categories: forex, shares, spot indices, futures, spot metals, and spot energies. FxPro is heavily regulated with licenses in the United Kingdom, Cyprus, South Africa, and The Bahamas.

The broker has multiple accounts and all of them are based on the execution types and trading platforms. Based on our tests which we conducted on the FxPro MT4 and FxPro MT5 accounts, forex spreads are consistent, although spreads for indices and commodities tend to fluctuate. Stock spreads, on the other hand, are significantly lower than the industry average.

We have picked FxPro as the best MT4 forex broker Luxemburg because its MT4 trading platform is really good and offers the traders all the necessary features and favorable conditions for successful trading. Besides, FxPro also has a proprietary platform – FxPro (EDGE).

Best Low Spread Forex Broker Luxemburg

We picked Trading 212 as the best low spread forex broker Luxemburg.

When it comes to spreads, Trading 212 stands out for its low and consistent spreads. The spreads charged on forex and stock trades mostly linger around the industry average. Moreover, spreads for stock trades are much lower than the industry average.

Trading 212 offers 2 account types: the Invest and CFD accounts. The broker offers proprietary web and mobile trading platforms as the only trading platforms. It does not offer the popular MetaTrader 4 and MetaTrader 5 platforms. 

Luxemburg Forex Brokers List

Besides our best picks above, we also put together a complete list of 20 forex brokers available in Luxemburg.

Luxemburg Forex Broker	About Our Test	Our Review
eToro	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
Plus500	Deposit Amount: Over €6,000 Total Trade: 18 trades	Plus500 Review
AXI (AxiTrader)	Deposit Amount: Over €6,000 Total Trade: 12 trades	AXI Review
XM	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
Admiral Markets	Deposit Amount: Over €4,500 Total Trade: 12 trades	Admiral Markets Review
Pepperstone	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
Markets.com	Deposit Amount: Over €4,500 Total Trade: 12 trades	Markets.com Review
Vantage FX	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
ThinkMarkets	Deposit Amount: Over €5,000 Total Trade: 15 trades	ThinkMarkets Review
GO Markets	Deposit Amount: Over €4,500 Total Trade: 12 trades	GO Markets Review
Fortrade	Deposit Amount: Over €5,000 Total Trade: 12 trades	Fortrade Review
ICM Capital	Deposit Amount: Over €5,000 Total Trade: 12 trades	ICM Capital Review
INFINOX	Deposit Amount: Over €4,000 Total Trade: 9 trades	INFINOX Review
Capital.com	Deposit Amount: Over €3,500 Total Trade: 15 trades	Capital.com Review
Darwinex	Deposit Amount: Over €5,000 Total Trade: 12 trades	Darwinex Review
Amana Capital	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review
XTB	Deposit Amount: Over €5,000 Total Trade: 12 trades	XTB Review
FXTM	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
Tickmill	Deposit Amount: Over €8,000 Total Trade: 12 trades	Tickmill Review
Trading 212	Deposit Amount: Over €5,500 Total Trade: 15 trades	Trading 212 Review

FAQ and More on Forex Trading in Luxemburg

Traders usually have many questions related to trading in Luxemburg. We tried to pick and answer some of the most important queries related to the brokers available in the country.

How to Verify Luxemburg Regulated Broker

The registration details of any broker can be checked on the ESMA’s website. ESMA is an independent European Union (EU) Authority that contributes to safeguarding the stability of the financial system by enhancing protection for investors and promoting stable, orderly markets.

In order to provide investment services and activities, a firm must first be authorized by an EU regulator. Brokers are authorized only when they comply with certain rules and requirements. Each country’s regulator keeps its own register of regulated firms. In Luxemburg forex brokers are overseen by the Commission de Surveillance du Secteur Financier (CSSF).

Besides, traders can always check the broker’s availability on its website. It’s always better to double-check any information, to avoid complications.

Forex Brokers with No Deposit Bonus in Luxemburg

No Deposit Bonus is one of the most popular marketing tactics used by forex brokers to attract new traders. A no-deposit bonus gives you free credit, which can be put toward any trade on their platform without having an initial deposit needed.

Many reputed brokers do not offer bonuses any longer. However, there are still reliable forex brokers with bonuses in Luxemburg.

Based on our tests, we have picked the following brokers in Luxemburg, offering no deposit bonus:

• XM
• Tickmill

Swap Free Forex Broker Luxemburg

Swap-free accounts offer traders services without fees. Swap-free accounts enable forex traders to take overnight positions on currency pairs without earning or paying interest. These types of accounts are acceptable for Islamic clients and are Halal. This is due to the no-commission trading. 

The brokers listed below offer Swap-free accounts in Luxemburg:

• ThinkMarkets
• Fortrade

Best Forex Broker for Scalping in Luxemburg

Scalping is the shortest time span when the traders take advantage of the small changes in currency prices. In scalping, it is very important to establish and liquidate a position within minutes or seconds. Scalping forex brokers allow scalping as a trading strategy.  Their number is growing rapidly.

Based on our tests, we selected scalping brokers available in Luxemburg:

• FxPro
• Pepperstone
• Admiral Markets

High Leverage Forex Brokers

High leverage is available for professional or retail traders. They can open accounts with Swiss brokers such as Dukascopy. There are also many offshore brokers that offer high leverage, yet are not recommended due to the lack of reliability. Read also our article on the Best High Leverage Forex Brokers.

According to ESMA’s guidelines and limitations the maximum leverage offered to traders is 30:1. The maximum leverage up to 500:1 is available to only qualified professional traders.

ECN Forex Broker Luxemburg

ECN brokers provide traders with direct market access and do not take any positions against them. These firms offer raw spreads at low or tight prices, usually charging commissions as fees for their services.

We have picked several forex brokers Luxenburg that offer ECN accounts to traders.

• Pepperstone
• FXTM
• AxiTrader
• Admiral Markets

Tax in Luxemburg for Forex Trading

Luxembourg has been a popular tax haven for decades. More than 340 companies from around the world have set up subsidiaries in this small country and sought beneficial arrangements to relieve them of their taxes locally.

As to forex traders, it is important to fully understand the tax implications of trading forex before making the first trade. Generally, a rate of 20% WHT is applied to interest payments made by individuals who are subject to income tax. The deadline for submitting the tax return is March 31st of the following year. Generally, traders are responsible for submitting tax forms to the appropriate authorities.

When it comes to taxation, traders should keep in mind:

• Traders should choose a tax situation before their first trade
• They should keep clear records
• Pay taxes without avoiding as avoidance may lead to greater fees