BrokersView
Search
Download
English
Sign In

QUADMARKS

Save

Operating status: SCAM

Website: https://www.quadmarkstrades.online/

Broker violations and abnormal records
  • 2023-09-06 The UK FCA issues a warning against QUADMARKS

    On September 7, 2023, the Financial Conduct Authority (FCA) issued a warning against QUADMARKS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/quadmarks

    On September 7, 2023, the Financial Conduct Authority (FCA) issued a warning against QUADMARKS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/quadmarks
  • 2023-09-07 BrokersView has reviewed that QUADMARKS is an unregulated broker

    QUADMARKS claims to be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). However, there are no indications that it is registered as a member of the NFA. Therefore, it is not authorized by either of the abovementioned regulators to provide investment services.

    While QUADMARKS is allegedly domiciled in the UK, it falls outside the regulatory framework, as evidenced by the warning issued from the Financial Conduct Authority (FCA). According to the UK financial watchdog, it is an unauthorized firm illegally providing financial services or products in this country.

    In essence, QUADMARKS is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    QUADMARKS is unequivocally a scam.

    QUADMARKS claims to be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). However, there are no indications that it is registered as a member of the NFA. Therefore, it is not authorized by either of the abovementioned regulators to provide investment services.While QUADMARKS is allegedly domiciled in the UK, it falls outside the regulatory framework, as evidenced by the warning issued from the Financial Conduct Authority (FCA). According to the UK financial watchdog, it is an unauthorized firm illegally providing financial services or products in this country.In essence, QUADMARKS is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. QUADMARKS is unequivocally a scam.

Related Complaints

Q&A

Is QUADMARKS a scam company?

Waldemar Mahindrakar
French Guiana
2023-10-19
ANSWER QUADMARKS' unlicensed activities and dishonest statement about its regulatory status suggest that it is a scam.QUADMARKS claims to be under the supervision of the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). However, there is no evidence that it has a membership in the NFA. Thus, it does not have the approval of either of these regulators to offer investment services in this country, and such misleading information significantly undermines its credibility.What's more, QUADMARKS is supposedly based in the UK, but it does not comply with the regulatory standards, as shown by the alert from the Financial Conduct Authority (FCA). The UK financial authority states that it is an unlicensed firm that unlawfully provides financial services or products to British citizens. For more details of this warning, you can access here.Therefore, QUADMARKS has no regulatory oversight. Investing with this broker is very dangerous, as there are no legal safeguards for the funds. To mitigate risks of fraud and identity theft, we strongly suggest investors to verify a broker's licenses at first. It is advised to stay away from unlicensed brokers and instead choose a fully regulated one.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.