Are you FX trader? Do you want to trade on QmmFX.com? Before you do that, read review to find out if QmmFX is worth the cost.

In this post, you are assured to get a helpful review so as to make the right decision.

About QmmFX

QmmFX is an offshore brokerage company with a lot of offers for traders. This broker claims ownership under the company called QmmFX Limited and registration in United Kingdom. This, we will find out.

Also, it promises different accounting types such as Standard and Professional.

What is more, the broker offers different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.

In spite the many trading instruments QmmFX promises to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.

See section below:

Withdrawal and Deposit

QmmFX Withdrawal process:

Under withdrawal policy, QmmFX does not provide information  on withdrawal fee nor processing days on withdrawal request. The only documents specified are inactive accounts of $5 monthly fee and “research fee” of $150 if a chargeback is requested.

QmmFX Minimum Deposit:

QmmFX minimum deposit is indicated $100 based on the account type.  

As for the payment methods, the broker accepts different payment options. Truly, you should not consider making any payment with this broker because it is a risk. So beware!

QmmFX Platform

QmmFX offers MT5 (Industry standard trading platforms). The presence of MT5 doesn’t make the broker legit because any scam broker can do the same to lure forex traders. However, the broker is already a red flag for traders.

More so, leverage can get up to 500. Well, steer clear from this broker as it is a way to make traders put good amount of money expecting to get big profit.

Won’t you rather trade with a licensed and legit broker? 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, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website

More Reasons Qmmfx.com Is A Suspicious Broker

Qmmfx.com is a platform with no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Qmmfx Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.

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

Conclusion:

Here, Qmmfx.com claims to be a trustworthy trading broker, however, that cannot be ascertained. From indications, we would advise users to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.

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