In this section we will analyze the broker called LUXOSB - Luxembourg Off Shore Banking, or also called LOB, a CFD broker, among other things, as it offers various investment possibilities and different related services.
Essential information: Is it a regulated broker? Who does it belong to? Where is it based?
The broker is owned by LUXOSB Limited, and as for your location, in the footer of the website, it mentions being based in Hong Kong, although if one goes to the contact section, it mentions being based in San Francisco, United States, and one goes to the contact version, in English, mentions having a base in Australia, so we have not been able to clarify where it is actually based.
If we talk about the regulation of the company, we believe that it is an UNREGULATED broker.
As for the account types that LUXOSB offers, provides little information and characteristics, they are 3 types of account, the Silver Account, the Gold Account and the Platinum Account.
Silver Account: 10% interest annual earning rate, minimum initial deposit € 5.000, annual interest .10 $
Gold Account: 15% interest annual earning rate, minimum initial deposit € 25.000, annual interest .15%
Platinum Account: 20% interest annual earning rate, minimum initial deposit € 50.000, annual interest .20%
The platforms to operate that the broker offers are: the MT4 platform (MetaTrader 4).
We will now analyze the different resources and aids for the trader that the LUXOSB broker provides to its clients on its website.
LUXOSB provides the following help: explanation of how your offshore savings account works, how your annual interest rate works, what is the open market, what are “blue chip” companies and how to invest in them, your plan of retirement investing and how your real estate investment service works.
Other information about the LUXOSB broker
We will leave you some more information in case you want to contact the broker, or see their website for yourself.
Phone number: 61 290 37 3854
Email: [email protected]
Ending with this section, in our opinion the LUXOSB broker is trustworthy, but we recommend being cautious Why? 1. it is an UNREGULATED broker and 2. we have not found any information about the broker on the internet, which usually means that it is a relatively “new” broker.
Update March 2018: Due to numerous emails and comments from LUXOSB clients explaining that they were not able to raise their capital or contact the company, in addition to being a NON-REGULATED broker, we believe that LUXOSB is not recommended, we suggest caution.
Update January 2019: ASIC (Australian Regulatory Body) has warned that LUXOSB falsely mentions being regulated by ASIC. More information here.
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