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Qteck (Qteck.io) is another crude and dubious CFDs, Cryptocurrency and Forex scam to hit the trading market. Q Teck is professing to offer over 1,000 global assets thanks to having a trusted team. All the information posted on their website would be okay if it were all true. Some of these platforms post over the moon claims just to trap investors. Read this genuine and honest QTECK Review for more.
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After receiving numerous email complaints from members of this platform, we knew trouble was brewing. What seems to look like a genuine platform is nothing but a rotten online scam targeting unsuspecting investors. For those who don’t have a clue about trading, Qteck is cloning websites and stealing from investors. With a well-designed website, the scammers make it easy to believe this is a working platform. Thanks to our years of investing and trading, we know how to spot a scam from a mile away.
Professional scam artists will come up with a fresh new website and post enticing claims and promises. Qteck is no different as they have claimed to have a dedicated team and trading trainer. These claims could be helpful if only there was one member who has proof of benefiting from this platform. Trying to recover these funds is next to impossible as the broker ducks calls and emails from members.
Global Software Solutions is the company which is listed as the owner of this website. Disclaimer at the footer of the homepage does not reveal any information regarding this company. We also checked with various company registers for any information regarding their mother company. And this is proof we are dealing with scam artists who are using random names to fool investors.
Another shocking feature with this platform is their anonymous nature. No one knows the actual names of the founding members of this platform. We could not tell who is running the show or any broker associated with this platform. Anonymous online investment platforms scream scam from afar. Investors are to be wary of such platforms as contacting these fraudsters is near impossible. The smart option is to stay away and ignore all their calls and marketing gimmicks to sign up.
Qteck is not licensed or regulated by any Forex regulatory authority on the face of the planet. Disclaimer at the footer of the homepage shows the platform is based in St Vincent and the Grenadines. This is a hot bed for scam brokers as the country does not have any regulation over Forex brokers. The entire platform does not have any information regarding their license or registration number which is odd. You would expect a platform to openly reveal such vital information.
If this was the case, why have they failed to post any documents to prove their authenticity? A real trading platform will post copies of their license certificates for all to see. By doing this, they allow investors to check the license details and confirm with authorities. Without any license number or document shown, how can we know the platform is regulated? We are dealing with a rogue platform, no exception.
Smart investors can choose to use authentic and proven brokers as an alternative to this platform. With clear and concise brokers, you stand a chance of making money with this platform. Make sure to sign up with industry leading and tested brokers for a chance to make reasonable profit margins. Go with brokers who have a strong online reputation and come highly recommended by experts. Credible and dependable brokers are what you need to start making money with online trading.
We could not get any information which points to any advantage with this platform. Most of the members we contacted all have problems withdrawing funds with this platform. Another huge issue with the platform is shutting down accounts without giving a proper reason. One member had deposited over $30,000 with this platform and later could not gain access to his account. Members have tried reaching out to this platform to avail; phone calls are blocked by the broker.
Qteck is furnishing members with five different account types to choose from. These accounts are listed as Basic, Bronze, Gold, Platinum, and Diamond. What we noticed odd with these accounts is how similar they are to each other. How can an investor deposit $100,000 and get the same features as one who deposited $5,000. Another issue with these accounts is promise of a dedicated manager who is never available. Account managers will only call you when they want members to deposit more funds.
Another issue we found with Qteck is having a custom-made platform which is not tested by authorities or experts. The problem with custom-made platforms is that they lack necessary features. Security is a major concern with these platforms as they lack proper features installed. DDoS protection and SSL Encryption is a major problem which makes these platforms unstable. Hackers can easily take over the platform and steal vital information such as Credit Card details.
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And this is another huge problem with the platform in question. When it comes to depositing funds, the process is easy and fast. You would expect it as depository channels include Credit and debit cards, Neteller, Skrill, and wire transfer. What still remains to be a huge challenge with this platform is having no chance of withdrawing funds. Once you deposit funds with this platform, it is the last you will hear of it. Make sure to stay away from this platform and never engage with their marketing team.
A demo account is vital for investors, both experts and newbies alike. With a demo account, traders will get to know how well the platform works in terms of execution and speed. Without a demo account, it is clear users are signing up blindly not knowing the entire features. And this is a huge problem as users are led to believe the platform works perfectly. Make sure to check how a platform behaves with a demo account before committing your funds. Qteck’s lack of a demo account is wanting.
As it turns out, your funds are never safe with an anonymous and unlicensed entity. Segregation of accounts is a huge problem as Qteck is pooling funds in one account. Members should not expect any compensation since the platform does not insure deposits. These are some of the reasons why you should stay away from this illicit platform. Make sure to sign up with a platform which covers your deposits at all times.
Evidence is clear, we are dealing with a scam platform out to cause havoc in the trading industry. Make sure to warn your family and friends from signing up with this illicit platform. Mark your emails as spam and never interact with their account managers. The better option is to completely ignore this platform and refuse their chants to sign up. And this is where we draw the line with this illicit platform.
We will be adding Qteck to our scam blacklist to ensure all our readers are kept safe.
Why not start trading with safe trading tools and stand a chance of making real profit? Make sure to sign up with industry leading and tested Forex robots at all times. Start making wise decisions and invest with top rated Forex trading robots.
Wishing you a successful trading period.
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