QCG Brokers Review: High Risk (Suspected Fraud)

QCG Brokers Overview

QCG Brokers,How to trade foreign exchange for beginners as mentioned in its company profile, identifies its corporate entity as Quantum Capital Global, registered and established in 2021. According to the information registered with the NFA, the company was established in Saint Vincent and the Grenadines, with the registered address being First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines. However, the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) website does not display any registration information related to this company.

Domain Registration of QCG Brokers

The official website domain of QCG Brokers is qcgbroker.com, and the registration of this broker's domain took place on January 31, 2023. The domain is relatively new, having been registered less than a year ago.

Is QCG Brokers legit or a scam? Does QCG Brokers have any regulatory licenses?

As the information presented on the QCG Brokers website, the company claims to be regulated or authorized by the National Futures Association (NFA) and the Financial Services Authority (FSA) of Namibia. However, a check on the National Futures Association (NFA) website reveals that the company is not a member of the NFA and is not regulated or authorized by them. Additionally, there is no regulatory or authorization information related to this company on the Financial Services Authority (FSA) of Namibia's website. Consequently, it appears that this broker lacks valid regulation, and investors are advised to steer clear of unregulated brokers to ensure the safety of their assets.

Employees of QCG Brokers

Traderknows could not find any information about the company's affiliated team members on the public internet.

Trading Software Provided by QCG Brokers

On their official website, QCG Brokers offers two proprietary trading software options named CTRADER and MATCH TRADER. These platforms claim to support desktop (Windows/MacOS), web, and mobile (iOS/Android) versions. However, there is no information about the existence of any physical company behind these trading software options. Users should be cautious, as there are inherent risks associated with utilizing such trading platforms, including potential market manipulation and forced liquidations.

Online Reputation and Client Complaints:

This broker has garnered various negative reviews and complaints, particularly concerning its regulatory status and the legitimacy of its trading platform. Investors are strongly advised to exercise caution when considering the use of QCG Brokers' trading services.

The lack of proper authorization and transparency raises doubts about the credibility of this broker. QCG Brokers is perceived as an insecure trading platform with suspicions of potential fraudulent activities.

QCG Brokers is an offshore brokerage that has not been regulated, and it does not provide fund protection or segregated accounts. Additionally, the broker lacks legal documentation, raising suspicions of operating unlawfully.

Trading Products Provided by QCG Brokers:

QCG Brokers, according to its official website, offers trading services for foreign exchange, precious metals, energy, stocks, and indices. However, the website does not provide specific information about the trading products, including spreads, commissions, margin ratios, and trading hours.

Contact Information

Investors can contact Orfinex through various methods such as: email, phone, and real-time chat.

Website Traffic of QCG Brokers

The traffic and user activity of the broker's official website are at a low level.

Conclusion

QCG Brokers is identified as a forex broker engaging in illegal financial activities, utilizing false regulatory information. The company has not disclosed critical information related to user fund security and corporate employees. The registration details of QCG Brokers have not been confirmed by the registering authority, and the broker is currently labeled as "Suspected Fraud" on Traderknows. We strongly caution users that QCG Brokers poses a significantly high risk in forex trading, and it is recommended to steer clear of this platform to safeguard personal financial assets.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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