The Official Website Of QTrade Cannot Be Accessed Normally At The Moment. It Seems That The Company Has Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-07-06 We Have Confirmed After Review That QTrade Is An Unregulated Forex Broker
QTrade Is Not A Reliable Broker For Traders, Although It Claims That The Quotes It Offers To Its Clients Look Good. QTrade Claims To Be Regulated By The Federal Financial Supervisory Authority (BaFin), BaFin ID Number: 136084. We Also Did Find Results Matching QTrade In BaFin. However, According To The Details Shown On BaFin, QTrade Is Not Authorized To Provide Foreign Exchange Investment Services. This Means That QTrade Is Not Subject To Effective Foreign Exchange Supervision By Any Regulatory Body. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Since It Is Now Impossible To Access The Broker's Website, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Supervision, It Has Been Verified That QTrade Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: QTrade As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
