HMS Markets Luxembourg is the trading name of HMS LUX S.A. This broker dealer operates their business from hms.lu and hmslux.com respectively.
They’re currently offering asset management and online trading services.
Their asset management arm of business included details of how they invest their clients funds on Equities, fixed income and derivatives.
With regards to their online trading services, HMS Markets Luxembourg is offering an in-house trading software called HMS TradePro and HMS TraderGo.
Products offered for trading include Forex, Futures, CFDs and Stocks respectively.
You can trade these instruments profitably provided you have a good expert advisor or signals service.
Broker dealer claims that their company was founded in 1972.
However, the website hmslux.com was created 19 years ago while the other domain is barely a month old.
HMS Markets Luxembourg has also partnered with Danish financial institution known as Saxo Bank.
There are currently no reviews about this broker, so we expect you to read this review keenly as you’re likely to make up your mind from here.
Is HMS Markets Luxembourg (HMS LUX) Legit?
Not a lot is known about their trading requirements.
For example, we don’t know about the minimum deposit requirement. This broker has only talked about the maximum leverage which is 1:40.
Some traders might find this a little bit restrictive. If you’re one of those traders, find a generous Forex broker here.
In terms of their regulatory status (which is a key indicator of the authenticity of a broker), HMS LUX’s operations are overseen by the Luxembourg financial watchdog.
The watchdog in question is known as Commission de Surveillance du Secteur Financier (CSSF).
We’ve also checked out their two trading platforms, HMS TraderPro and TraderGo.
The charting is nice and the platforms have the capability to let traders create custom watch-list for their trading instruments as well as work with multiple layouts.
HMS TradeGo is basically an online-based software which lets traders access it through any browser.
HMS LUX also offers multiple financial instruments for trading.
Not only does the platform allow trading in stocks, futures and options, but it also allows trading in exotic currency pairs, not to mention that these instruments are estimated to be around 300,000.
This can be confusing and complicated for many traders.
If you don’t have experience in trading, it is recommended that you use HMS Markets Luxembourg with a proper automated trading tool.
While they’re regulated, we still don’t like their trading conditions.
We tested a currency pair like EURUSD and found that the conditions were not competetive.
The spreads for this currency pairs are 2.0 pips. This is not what we expect from a broker claiming to offer real financial solutions to traders and investors alike.
With regards to their asset management arm of business, we don’t know what past performance looks like.
We don’t know what minimum deposit would apply.
The only thing they don’t offer is Cryptocurrencies.
Funds are allegedly safe because of their strong regulatory status.
However, their trading conditions are not good, which is probably the reason HMS Markets Luxembourg is not popular in online trading forums.
We wouldn’t recommend this broker at this time, but we definitely want serious traders to instead consider investing with these brokers.