Today's hero of our review is Qtrade Limited. The broker positions itself as a reliable financial partner offering users transparent terms of cooperation, security of assets and access to a large number of trading instruments. However, numerous signals from the clients of this office make us doubt the veracity of its assurances. It remains only to conduct a detailed analysis and draw the appropriate conclusions.
Qtrade Limited. General information
Broker's main website:
qtradeltd.com
Get instructions on how to withdraw funds
Whois score:
Domain Age
Site analysis
If you start studying the presented site, throwing aside all the verbal rubbish, and only after reading all the information posted on it, it will be very difficult to believe that you are on the platform of a truly successful and well-known broker. A lot of not very pleasant nuances prompt such thoughts:
- the cheapest and most common template;
- minimum specifics and useful information;
- inconvenient user interface;
- disgusting translation into Russian and other languages (a lot of errors, the text from the pictures generally remains unchanged);
- many pages are simply not completed.
Among other things, the technical analysis assessed the level of trust of the presented site as very low. We also managed to find out that the owners of this web resource use third-party software to hide their personal data. As the experience of many other reviews on our binarybets.ru portal shows, we are dealing with another "scam".
Expertise of legal information, Qtrade Limited licenses
According to the information on the website, Qtrade Limited was born in 2018, they say then all the necessary documentation was completed and thus the project was launched. This is all good, of course, but our friend’s check using the Whois service (the screenshot at the beginning of the review) shows us that the real creation date of the broker dates back to 01/05/2021. The company has been around for a little over a year and is trying to exaggerate its age in order to inspire more confidence in naive customers. This is what almost all Internet scammers do.
As for the contact details, there is generally a funny story. When trying to go to a section of the site with relevant information, the user will not receive anything other than a notification that this page does not exist. Although according to data received from external sources, not so long ago this section functioned normally. The campaign of the site administration does not give a damn about their project, well, where is it, the main thing for them is to get the client to quickly lay out their money.
An equally amusing story can be seen in the "Supporting Documents" section. In theory, the broker was supposed to post official information here confirming the legality of his activities. But we again see a blank page. These low-grade crooks for a whole year could not even draw themselves a fake license or certificate. For the first time we are faced with such a disregard for a dishonest, but deed. One can only guess what onlookers can fall for such a "scam".
The only useful information we've been able to glean from all the rubbish scattered around this site is the origin of the company. The registered address indicates that Qtrade Limited is a resident of Saint Vincent and the Grenadines. This is an offshore zone popular with scammers, which, moreover, does not give out any information about its counterparties. So we don't even have a chance to be sure that our new friends have at least such dubious registration. Although, it is probably pointless to find out, since the address indicated on the site is actively used by many other “scam projects”.
Search by address
In order to provide its services in Russia, Qtrade Limited must be registered with the Central Bank. To our great surprise, we managed to find information about the hero of today's review in the registries of the main domestic regulator. But he is listed there as an illegal participant in the securities market.
Registers of the Central Bank of the Russian Federation
Features of the work of the company Qtrade Limited. Tools and conditions for traders
After registering on the platform, clients will be able to choose: use a demo account in order to study the service and its principles of operation, or immediately open a real account. The broker offers 3 classic tariff plans to choose from.
- Standard - minimum deposit $100, leverage 1:400.
- Elite - starting investment $5000, leverage 1:500.
- VIP - minimum deposit $1000, leverage 1:555.
Qtrade Limited also actively promote their own referral program aimed at attracting new users and encouraging old ones. The remuneration of the client-partner is affected by the marginality of all closed positions of referrals in time for the last 90 days. For clients who attract a particularly significant number of referrals, the broker provides additional conditions for partnership.
Qtrade Limited provides the opportunity to replenish using Visa credit and debit cards, bank transfers using bank details, using Skrill, NETELLER, FasaPay services, as well as through cryptocurrency transactions.
Real customer reviews of Qtrade Limited
Qtrade Limited has been around for over a year, which is a very long time for such low quality scams. It is clear that for such a long time, quite a lot of naive traders managed to “cooperate” with these comrades. So we didn't have any problems finding reviews. Almost all the comments we found tell about the same thing: a brazen divorce, loss of money and the inability to get in touch with crooks.
Reviews scam
If you have become victims of Qtrade Limited scams, leave comments under this article. Perhaps it is your review that will save someone from losing money.
Scheme of cheating users of Qtrade Limited
Qtrade Limited work according to the schemes that most of the identical "scam projects" use. The main instrument of deception for all these guys is their trading terminal, if you can call it that. In reality, it has nothing to do with trading. Fraudsters use special programs to create the illusion of brokerage. Simply put, everything that happens on their service (rising and falling prices, purchases, sales, etc.) are insignificant figures that are controlled by the owners of this “non-broker”. No matter how much experience a client has, no matter what methods he uses, scammers will take his money anyway.
Results
Our verdict is merciless. Qtrade Limited is a black broker who profits from other people's money. Most likely, this company will close tomorrow if not today. Later, these comrades can change the domain and continue to deceive the new “Pinocchio” parties. But their essence will remain the same - no earnings and nothing to do with real trading.
If you have become a victim of Qtrade Limited or other black brokers and want to get your investment back, leave your mail in the form at the beginning of the article. We will send you a step-by-step, illustrated plan of action to take.
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