Best CSSF (Luxembourg) Regulated Forex Brokers 2019

Luxembourg is considered to be a very popular destination for entrepreneurs and businesses, including those in the trading and investing sector. This is due to their desirable tax structure and great privacy laws. Forex trading has become quite popular here and many brokerages set up shop in Luxembourg. As well the country is known to be a fundamental part of the EU, making it a respectable and competent country for businesses and investors. With the influx of brokerages coming to Luxembourg, so do the scammers. Luckily, the country has a competent regulator of the financial markets known as the Commission de Surveillance du Secteur Financier (CSSF). 

Introduction to CSSF Regulation 

The CSSF is an independent financial regulatory authority, governing all products, services, and individual involved in the Luxembourg financial markets. It was first established in 1998 to regulate all non-banking financial institutions in the country and has since developed a reputation as one of the most respected and competent regulatory authorities. The CSSF works together with the Central Bank of Luxembourg for creating monetary policies, regulatory framework, and other measures to maintain and develop the Luxembourg economy.  

CSSF Responsibilities 

The CSSF is responsible for the regulation and supervision of all non-banking financial institutions, as well as the overseeing of financial markets. These financial markets include; securities, investments, pensions, payments, credit institutions, and other trading services. The organization works to ensure that the Luxembourg economy provides safe and ethical financial practices, as well as a highly competitive environment for traders and investors. 

  • The CSSF is in charge of providing licensing to competent and reputable brokers who pass their requirements.  
  • The CSSF is responsible for the enforcement of their rules and guidelines to licensed brokers. This may include investigations and penalties on brokers who do not follow guidelines. 
  • As well, they are responsible for supervising and maintaining a transparent and lawful market. 

How CSSF Regulation Protects You 

CSSF regulation works to protect you the investor by enforcing the regulatory guidelines on brokerages and the constant supervision of firms to ensure compliance with CSSF policies and guidelines. By doing this, the CSSF provides investors with a safe, secure, and transparent market to trade in. Investors are protected from fraudulent brokerages, scams, and financial malpractices with the enforcement of the CSSF’s strict regulatory obligations. As well, the CSSF receives any inquiries or complaints investors might have, which they take very seriously in the pursuit of the issue.   

Guidelines for CSSF Regulated Brokers 

The CSSF has introduced numerous guidelines and policies to maintain and promote stable, fair, and secure financial markets for the protection of consumers. All brokerages under CSSF regulation are required to follow these policies and guidelines by law. Failure to do so could result in penalties and the loss of their brokerage license. Brokers must submit periodic audit reports and cooperate with all supervision requirements initiated by the CSSF. 

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