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/10

QF MARKETS

Marshall Islands Marshall Islands | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://qfmarkets.com

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Rating Index

Contact

https://qfmarkets.com
Trust Company Complex Ajeltake Road, Ajeltake Island MH96960 Majuro, Marshall Islands.

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Marshall Islands
Operating Period
2-5 years
Company Name
Quality FX Ltd
Email
support@qfmarkets.com
Company Website
Address
Trust Company Complex Ajeltake Road, Ajeltake Island MH96960 Majuro, Marshall Islands.
Account Info
Verified Site
About Us
Wiki Q&A
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Official Website

Verified Site

  • qfmarkets.com
    104.21.74.99
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

QF Markets Review Summary
Founded2022
Registered Country/RegionMarshall Islands
RegulationFSCA (Suspicious clone)
Market InstrumentsForex, Commodities, Indices, Cryptocurrencies, Shares
Demo Account
Trading PlatformMT5
LeverageUp to 1:2000
SpreadFrom 1.5 pips (Standard account)
Min Deposit$5
Customer SupportEmaill: support@qfmarkets.com
Live Chat: 7/24
Instagram: https://www.instagram.com/qfmarkets_global/
Physical Address: 59, Agiou Athanasiou, 4102, Limassol
Region RestrictionsUS, Canada, Syria, North Korea and Iran

QF Markets is a broker registered in the Marshall Islands in 2022. QF Markets provides five types of trading instruments through the MetaTrader 5 platform, with a minimum deposit requirement of $5 and leverage reaching up to 1:2000. In addition, the company does not offer its services to residents of the United States, Canada, Syria, North Korea, and Iran. Most importantly, this broker operates without legitimate regulation and possesses only a cloned license.

QF Markets Review Summary

Pros and Cons

Pros Cons
Multiple account typesNo info on fees
Comprehensive customer serviceRegional restrictions
Multiple trading choicesSuspicious clone FSCA license
Demo accounts
MT5 support

Is QF Markets Legit?

QF Markets lacks legal regulation and its license is a suspicious clone. The license, which bears the number 46087 and was issued by the Financial Sector Conduct Authority (FSCA) in South Africa, actually belongs to AFN FINANCIAL SERVICES (PTY) LTD. This does not match the name of QF Markets. Consequently, it is confirmed to be a cloned license, and you should not place your trust in it.

Regulatory Status Suspicious Clone
Regulated by Financial Sector Conduct Authority (FSCA)
Licensed Institution AFN FINANCIAL SERVICES (PTY) LTD
Licensed TypeFinancial Service Corporate
Licensed Number46087
Is QF Markets Legit?

What Can I Trade on QF Markets?

QF Markets offers five types of trading instruments, and below is the specific information on each:

Forex: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD...

Cryptocurrencies: BTCUSD, DASHUSD, ETHUSD, EOSUSD, IOTAUSD...

Shares: ALIBABA, AMAZON, APPLE, АT&T, BNK-AMER...

Commodities: XAUUSD, XAGUSD, XPTUSD, UKOIL, USOIL...

Indices: U30USD, NASUSD, SPXUSD, 100GBP...

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Stocks
Futures
Bonds
Options
What Can I Trade on QF Markets?

Account Type/Fees

QF Markets offers four types of accounts: Cent, Standard, Premium, and Raw Spread, each with varying minimum deposits ranging from $ 5 to $500. Additionally, the Cent, Standard, and Premium accounts include a swap-free Islamic account option, while the Raw Spread account does not.

Account TypeCent AccountStandardPremiumRaw Spread
Min DepositUSD 5USD 5USD 250USD 500
Max Leverage1:20001:20001:20001:2000
Spread From 1.8 pipsFrom 1.5 pipsFrom 1 pipFrom 0 pips
Swap-free Islamic Account Option
0% Fees on Deposits & Withdrawals
Account Type/Fees

Leverage

QF Markets offers dynamic leverage based on the trading tool types and trading lots chosen, with a maximum leverage that can reach up to 1:2000. This extremely high leverage level entails significant risks, and you should exercise caution as the broker lacks legal regulation.

Leverage

Trading platform

QF Markets supports trading through the MetaTrader 5 (MT5) platform, which offers advanced trading robots and real-time copying of trading signals, making it a great option for sophisticated automated trading. In addition to desktop, mobile phone, and Pad versions, the platform is also accessible via the web.

Trading PlatformSupported Available Devices Suitable for
MT4/Beginners
MT5Computer, phone and PadExperienced traders
cTrader/Experienced traders
Trading platform

Deposit and Withdrawal

QF Markets supports deposits through LetKnow, Help2Pay, Local Payments Solutions, and other preferential methods. However, the withdrawal method is not specifically mentioned. It is worth noting that the broker does not charge any fees for deposits and withdrawals, except for the Cent account.

Deposit and Withdrawal

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is QF MARKETS a legit trading platform?

QF MARKETS is an unregulated entity that operates without verified oversight from any mainstream financial authority. The broker, registered as Quality FX Ltd in the Marshall Islands, holds a low WikiFX score of 1.36, reflecting an absence of formal investor protection frameworks and credible regulatory supervision.

04-02
United States

Which regulator oversees QF MARKETS?

QF MARKETS currently operates without any valid, verified licenses from recognized financial authorities. It lists a single 'Unverified' license with South Africa's FSCA under a different company name, 'GATESFX (PTY) LTD', which is disconnected from its primary brand and does not constitute an active regulatory relationship for the broker.

04-02
United States

What is the full company name of QF MARKETS?

The broker's full legal name is Quality FX Ltd. The company has been operational for an estimated 2 to 5 years and is registered in the Marshall Islands, a jurisdiction not known for stringent financial regulation of retail forex brokers.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States
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