While showing everything the broker considers perks, such as bonuses, social trading, and a Web trader, we see potential fraud. That’s why we did a thorough Quicmarket Group review and explained what to do if you have been scammed by this offshore firm.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||No Info|
|Owned by:||Sequoia Group Ltd|
|Headquarters Country:||Commonwealth of Dominica|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, bonds|
|Free Demo Account:||No|
|Accepts US clients:||No|
Quicmarket Group Regulations and Security
Quicmarket Group is owned by Sequoia Group Ltd from the Commonwealth of Dominica. The brokerage was established this year and operates with no regulations. Since we have an offshore firm without official regulation, it can lead to potential fraud.
However, before judging too harshly, we did investigate all the other relevant facts such as platform, withdrawal methods, and previous experience traders have had.
Yet, bear in mind that the safest brokers have Tier 1 licenses and a compensation fund.
Fund Withdrawal Issues
Once we’ve checked Quicmarket Group’s reviews, we found that traders are massively complaining about withdrawals. While allegedly you have 4 withdrawal methods, including:
- Wire transfer,
It turns out you can’t withdraw your funds at all. As per Quicmarket Group’s complaints, you can expect your account to be suspended once you submit a withdrawal request since the broker won’t allow any payouts.
If you experience something similar, let us know!
Traders About Qicmarket Group Scam
Another big issue we’ve noticed is that account managers are forcing clients to install AnyDesk, TeamViewer, or a similar app. This app can be used to connect to your desktop and access everything you have, including online banking. Many clients reported that they have never authorized transactions towards the brokerage, but account managers deducted funds anyway.
This is a more and more popular scam method you should be aware of. Ensure to protect yourself and not install such applications unless you fully trust the person on the other side.
How To Know If You Have Been Scammed Online?
One sure scam sign would be the inability to withdraw your funds. On the other hand, if you are forced to install AnyDesk, invest more money when you’re not prepared to do so, or simply feel that something is off, you should report it. As you’re dealing with an unregulated offshore brokerage, you have no guarantees of your funds.
All you can do is file a dispute and request a chargeback. Bear in mind that chargeback is limited to up to 540 days after a fraudulent transaction occurs, so don’t waste time.
Scammed by Qicmarket Group? – Tell Us Your Story
If you were scammed by Quicmarket Group or a similar bogus broker, let us know. Our chargeback specialists will help you find the best refund solution for your case.
But What Is A Chargeback?
A chargeback is a way for your bank to reverse the transaction in case of a scam. Let us know what happened, book your free consultation via online chat, and get your hard-earned money back!
What Is Qicmarket Group?
Quicmarket Group is an online trading brokerage without regulation.
Is Qicmarket Group A Scam Broker?
Yes, company has issues with withdrawals, making it a fraudulent broker.
Is Qicmarket Group Regulated?
No, broker is not regulated for providing financial services.