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Quitrade

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Operating status: SCAM

Website: https://www.portal.quitradeprofx.com

Broker violations and abnormal records
  • 2023-10-22 BrokersView has Reviewed that Quitrade is an Unregulated Broker

    According to its website, Quitrade is located in England. However there is no matching information was found in the Financial Conduct Authority (FCA).

    The truth is that Quitrade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. 

    Therefore, Quitrade is a scam.

    According to its website, Quitrade is located in England. However there is no matching information was found in the Financial Conduct Authority (FCA).The truth is that Quitrade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, Quitrade is a scam.

Related Complaints

Q&A

Is Quitrade regulated in the UK?

yelrewaz
United Kingdom
2023-11-08
ANSWER No, Quitrade is not regulated in the UK. It is an unlicensed trading platform that poses significant risks to investors.While it claims to be located in the UK, it fails to seek authorization from the Financial Conduct Authority (FCA), the British financial regulator. This lack of authorization makes its offerings illegal because almost all individuals or businesses are required to be licensed by the FCA.Therefore, we strongly suggest investors stay away from Quitrade. It appears to be an unlicensed website that could expose its clients to fraud and identity theft. By trading with a platform outside of the regulatory framework, individuals are putting their interest in danger. To protect themselves, traders are advised to opt for fully regulated brokers.
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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.

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