Why Quyen Tmarkets trading platform is not a trusted trading platform! Here is what you must know about this broker Quyentmarkets.com. See reviews to know all about it.
This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is Quyen Tmarkets?
Quyen Tmarkets FX otherwise known as Quyentmarkets.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Furthermore, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Is Quyen Tmarkets a Scam Forex Broker?
First of, Quyen Tmarkets FX is owned by Quyen Tmarkets Limited with a base in Hong Kong.
In order to clear the doubt, a check of the Hong Kong Securities and Futures Commission (SFC) register shows that there is no such authorized broker.
The situation always gets worsen for unlicensed brokers when some institutions issue a warning against them. Another financial authority from the the Financial Conduct Authority (FCA) has blacklisted the broker for public to see.
Following this, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
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
Does Quyen Tmarkets Have Account Types?
Quyen Tmarkets offers variety of trading account for clients. The broker provides a leverage capped 1:1000.
Quyen Tmarkets minimum deposit is specified to be $5 based on the account type. This is fair starting rate if only the broker is legitimate.
In contrast, some licensed FX brokers can offer clients trading rate as low as $100 with the assurance of their trading funds.
Quyen Tmarkets displays multiple payment options such as Neteller, Skrill, FasaPay and WebMoney.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Quyen Tmarkets Provides What Trading Software?
Quyen Tmarkets openly claims to provide access to industry trading software MT4. However, it does not provide download links for the software.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Quyen Tmarkets Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Quyentmarkets.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag 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:
Quyen Tmarkets FX broker appears like a reliable trading platform, however, you should not take the words they say and the attractive website layout. By all appearances, the broker lacks one important indicator – its license. Thus, traders should steer clear from an unlicensed broker as its likely run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
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