QuantumMarket Detailed Review

While having all the issues you can possibly expect from an offshore brokerage, QuantumMarket tries to present itself as legitimate. Adding a prominent address in London along with the one in Dominica, it tries to tell us, “We’re offshore, but legit.”

However, we didn’t buy this story and have decided to write a QuantumMarket review, including all the bad sides of trading with this firm.

What About QuantumMarket Regulation?

To begin with, QuantumMarket belongs to QuantumMarket Ltd from the Commonwealth of Dominica. If you trust their website, the company went offshore due to lower taxes, but they own an office in the UK. However, to provide any kind of financial services from the UK, you need an FCA license, which QuantumMarket doesn’t have.

Besides, Dominica has its own regulator, FSU, that has never heard of QuantumMarket Ltd and its brand. It all leads us to believe that you’re dealing with a fraudulent scheme.

In addition, we strongly advise you not to invest in Absolute Markets, Morgan FX Capital and Future 500 FX fraudulent brokers.

QuantumMarket Warnings From Financial Regulators

Based on numerous complaints, the German regulatory body BaFin issued an official warning against QuantumMarket, stating that they have been informed about the broker’s illegal activity in Germany. Furthermore, the regulator seized a broker to stop providing services in this country and opened an investigation.

QuantumMarket Web and Mobile Trading

We understood that company offers only a Web trader compatible with any device from the website. You can log in using your mobile or desktop, but everything goes via the web. It means there’s no mobile app that would make your trading process easier.

Besides, this Web trader has fewer charts and indicators than MT4 or MT5, so you cannot expect to analyze the market properly either.

Fund Withdrawal Issues With QuantumMarket

It seems that QuantumMarket is using clients’ banking details to purchase crypto through a platform called Coinicash. If you’ve ever seen this name on your bank statement, know that broker uses this illegal payment processor to convert your funds into crypto, so it’ll be harder for you to track it down.

Of course, since the broker itself is not trustworthy and follows no regulatory rules, it declines any attempt of withdrawals. If you’re one of the QuantumMarket scam victims, contact us for assistance in filing a dispute.

Areas Of QuantumMarket Trading Scam

Most victims come from Germany, the UK, Sweden, and Norway, according to reviews. Furthermore, the BaFin warning indicates that the company is also present in Germany. It looks like QuantumMarket is targeting European clients, so be aware that this is a fraud and don’t accept any offers coming from it.

Traders About QuantumMarket Scam

QuantumMarket reviews are mainly directed towards withdrawal issues. Yet, clients are experiencing problems with investing as well, since the Web trader seems to be of most times and there are not enough trading tools. Also, the company’s account managers seem to care only about their salaries, and instead of assisting clients in the investing process, they’re trying to extort money in any way possible.

Also remember the names of the Finexico, Glare Markets and BDSwiss trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

How Does Online Trading Scam Work?

The online trading scam starts from brokers such as QuantumMarket approaching clients and convincing them they’re something that they are not. For example, if a broker gives you their address in the UK, you will think it’s their official location. Even the explanation about lower taxes offshore will make sense.

However, once you pay your money and try to withdraw it, you will understand that the real reason for hiding offshore is to be away from regulatory supervision and any kind of penalty for conducting fraud.

Scammed by QuantumMarket? – Tell Us Your Story

If you fall victim to the QuantumMarket scam, let us know. Our experts are here to assist you in filing a dispute and requesting a chargeback.

But What Is A Chargeback?

Simply speaking, a chargeback is a process where your bank refunds you by taking money back from the merchant. You need to provide sufficient evidence showing that you have been scammed to start the procedure. 

Meanwhile, to understand better what kind of evidence you need, contact us via online chat. Book a free consultation with our experts, who will evaluate your case and assist you with the matter.