Luxembourg Offshore Banking has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.luxinvestmentsptyltd.com.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Luxembourg Offshore Banking recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Helpful community forum|Dividend tracking|Easy to use platform|Educational resources
Cons: Minimum deposit could be lower
I gave Luxembourg Offshore Banking a fair chance. After since I opened my account last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Multiple order types|High security standards
Cons: Limited ETF selection
Luxembourg Offshore Banking has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Educational resources|Excellent charting|Reliable uptime|Easy withdrawals
Cons: Spreads widen during volatile periods
I joined Luxembourg Offshore Banking after attending a webinar they hosted and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Intuitive for beginners|Clear documentation|Copy trading available
Cons: None so far
I experienced a security concern with my Luxembourg Offshore Banking account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Automated trading options|Economic calendar|Professional team|Wide product range
Cons: Currency conversion fee exists
I found Luxembourg Offshore Banking after doing extensive research and the initial impression was positive. But for about ten months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Smooth onboarding|Personal attention|Economic calendar
Cons: Wish they had more educational resources
The reporting at Luxembourg Offshore Banking is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Professional team|Automated trading options|No hidden fees
Cons: Alert system is basic|Would like more payment methods
Luxembourg Offshore Banking advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Stable platform|Tax reports included|Low minimum deposit|Detailed reporting
Cons: Email notifications too frequent
I requested my data from Luxembourg Offshore Banking under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Professional team|Personal attention
Cons: Could offer more webinars