Qtradefx.com Review Is QTradeFX Legit Or Scam

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Qtradefx.com Review: Is QTradeFX Legit Or Scam?

QTradeFX Review: this is the name of a Forex broker that is located in Saint Vincent and the Grenadines. This is an offshore location and it is a massive red flag. Is Qtradefx.com a scam or a legit broker?

The location provided for the broker on the page is an offshore location, Saint Vincent and the Grenadines. Forex trading goes on without regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed pose many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

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Further, since no commission is monitoring them, they are not under obligation to trade fairly. They would be less likely to follow trading rules set to guide those involved in the Forex market.

On the website we find some enticing promises on how the broker is the best for making profit. It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

QTradeFX Trading Platform

QTradeFX offers traders the MetaTrader 4 trading platform. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are: 50+ Forex currency pairs and CFDs on precious metals, oil, stocks, indices, and crypto coins. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages offered is 1:200 and while this may seem generous but they could pose danger. High leverages can lead to huge loss of funds as well. Spreads are 1.4 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

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Deposit and Withdrawal methods on QTradeFX

The means of making payments are: Bank wire, VISA, MasterCard, PayPal, FasaPay, UnionPay, Neteller, and Skrill.

We find that e-wallets are available and this is encouraging because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is placed at $100 which is within the obtainable average of $100 – $250 among brokers. Withdrawal are said to be dependent on some certain trade conditions. Traders are also informed that a fee of between 30-100% will be deductible if they are found to have disregarded some rules.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is QTradeFX Licensed?

No. QTradeFX is not duly licensed and registered. It is based in Saint Vincent and the Grenadines. which is an offshore location. Forex trading goes on without regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed pose many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Further, since no commission is monitoring them, they are not under obligation to trade fairly. They would be less likely to follow trading rules set to guide those involved in the Forex market.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with the broker, clients are invited to dial: +971 52 101 5726.

Conclusion

Offshore Forex brokers are bad signs. It is not advisable for traders to choose them for Forex trading and this is the case with QTradeFX. We do not find it encouraging that there is no mention of a legit license on the website as well.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Qtradefx.com Review

Check if Qtradefx.com is scam or safe

This report can help you determine if Qtradefx.com is a legit website.

Last updated 4 months ago.

Potentially Safe

The site is not very popular but seems safe.

Read the report below

Check Qtradefx.com trusworthiness on WOT (Web of Trust):

This site has an unknown trustworthiness score.

Web of Trust is a web service used by millions of Internet users to rank the safety of websites.

I would personally not trust a website that has a low trustworthiness on WOT.

You can find the following links useful to improve WOT reputation:

Check if Qtradefx.com is classified as malware on Safe Browsing:

This site is not currently listed as suspicious.

Google Safe Browsing is a service created by Google Inc. to identify malicious websites.

If the site is detected by Safe Browsing I would personally not visit it.

Check Qtradefx.com through multiple third-party security services.

This should help you to better identify scam, phishing and malware websites.

If the site is detected by at least one engine it may be a threat.

Not Found

Not Found

Not Found

Not Found

Not Found

Not Found

Engine Result Details
Avira Read more
BitDefender Read more
Spam404 Read more
SpamhausDBL Read more
SURBL Read more
ThreatLog Read more

Check Qtradefx.com domain with our database of “scam” words:

No suspicious words found in the domain name.

A legit shopping website should not use a branded name (i.e. rayban) in the domain name.

Only the original manufacturer (i.e. RayBan) should use its brand name in the domain name.

This option should help identify potentially fake online shopping sites.

Check if Qtradefx.com uses a valid HTTPS secure connection:

This site uses an HTTPS secure connection.

Issued From GoDaddy.com, Inc.
Valid To March 6, 2020, 5:42 pm

An HTTPS secure (encrypted) connection is recommended for online shops and e-commerce websites.

So when you submit sensitive information they are securely transmitted over HTTPS.

I would never enter my credit card details in a non-HTTPS website.

Check if Qtradefx.com is popular among Internet users:

This site has a good online popularity.

Qtradefx.com is ranked #520,847 among millions of websites according to Alexa rank.

An Alexa rank higher than 0 and less than 500,000 means the site has a good amount of traffic.

The more Alexa rank is low (but > 0) the more the website is popular.

Check when Qtradefx.com domain name was first registered:

The domain name was registered 1 year ago.

A domain created less than 3 months ago is considered new and thus potentially suspicious.

We may not have enough details to judge a website created only a few months ago.

Pay attention if you plan to buy goods from a “young” e-commerce website.

Check if the domain name has a commonly abused TLD:

The domain name has a commonly used TLD.

I would not buy goods from a domain that ends with .XYZ or .CLUB or .TOP.

We check the domain extension (TLD) to see if it is related to commonly abused TLDs.

Many scam websites have domains that end with uncommon and cheap TLDs.

This additional check should help you make the right choice.

IP Address 23.229.226.104
Hostname ip-23-229-226-104.ip.secureserver.net
Hosting Provider GoDaddy.com, LLC
Country (US) United States

Before buy something from a new site:

  • 1) Check if the site has a “contact us” web page
  • 2) Avoid online shops that use free email providers (i.e hotmail, gmail)
  • 3) Check if the site shows info about its company (name, address, country)
  • 4) Check if the site has an “about us” or “company” web page
  • 5) Check if the site has a valid VAT or Partita IVA number (EU only)
  • 6) Don’t be fooled by low prices, if it looks too good to be true, pay attention
  • 7) Check if the site has a social profile (Facebook, Twitter, Instagram)
  • 8) Try to always first contact the website owner via email
  • 9) Analyze the domain WHOIS data to find info about the site owner
  • 10) Look for possible English (or other language) grammar errors
  • 11) Do not pay via credit-card, use PayPal instead (easier to get refunds)
  • 12) Verify that the website is certified by McAfee SECURE
  • 13) Never enter sensitive information on non-HTTPS pages

Please write useful comments by including proofs:

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