QtimeFX (Qtimefx.com) is another Crypto Currency and Forex scam platform to hit the lucrative trading world. Q Time FX is professing to offer users a 50% deposit bonus which is quiet enticing. Qtime FX is claiming to give investors an opportunity to maximize their profit with their platform. Are all these claims true? Why are members crying foul with this broker? Read this detailed QTIMEFX review and find out more.
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After receiving numerous email complaints from members of this platform, we knew something was amiss. Why are members ruing signing up with Qtime FX? In order to find out, we decided to conduct a thorough investigation. What we found out with this broker is shocking to say the least. As it turns out, QtimeFX is nothing but a shoddy brokerage firm. Make sure to stay away from this platform. Most of the complaints centered on members having no access to their accounts.
To understand the extent at which scammers will go, you need to know their tricks. Jose Luis signed up with this platform and deposited over $15,000. In his mind, Jose knew this was a platform which would help him make money. Sadly, Qtime FX is turning out to be another online scam. After weeks of trying to withdraw his funds, Jose’s account has been closed indefinitely. This is not the only member who has faced this harsh reality, QtimeFX is a serious fraud.
According to the disclaimer at the footer of the homepage, this platform is based in St. Vincent and the Grenadines. And this is proof we are dealing with an offshore broker. Offshore brokers are known for their blatant breaking of set regulations and rules. Make sure to stay away from offshore brokers as their intent is to get your funds. By targeting unsuspecting investors, offshore brokers are tarnishing the good Forex trading name. And this is why we have to expose Qtime FX for their scam services.
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Who are the actual people behind this platform? Can we get the names of the founding members of Q time FX? As expected, most scam professionals will clone a website and entice unsuspecting investors to sign up. Before signing up with this broker, ensure you get all the facts in this honest review. Don’t become another victim and let the experts let you in on QtimeFX’s secrets. They simply want to run away with your money.
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After checking with leading regulatory bodies, we are sure QtimeFX is not licensed or regulated. To confirm this, we contacted a few regulatory bodies for confirmation. They include ASIC, COSNOB, CySEC, FCA, FSA, and NFA. These bodies have never heard of this broker. In fact, this broker claims to be registered by the FSA. Investors should know the FCA does not regulate Forex. The FCA simply regulates banks and insurance entities on the Island and not any international brokers.
QtimeFX is misleading users with these fake claims. They don’t want investors to know they are operating illegally. Any unauthorized broker will simply lose your funds and will never compensate you. Why have they failed to post any copies of their so-called license? It seems we are dealing with a well-orchestrated platform out to cause some serious damage. Stay away from brokers who hide their true identity. QtimeFX is about to close down after they have their fill.
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QtimeFX is furnishing users with four different account types to choose from. These accounts are named Standard, VIP, ECN, and PAMM. What we noticed odd with these accounts are features which are strange. To begin with, their welcome bonus of 50% should be treated with caution. Why would these scam artists offer such a high deposit bonus? Why would anyone sign up with a broker who will ask for payment of bonuses?
These accounts all have the same features. Why would anyone deposit $2,000 to get same advantages as one who offers $10? These are simply rogue brokers who are about to steal from anyone who signs up. Before receiving any calls from their agents, ask one question, why are their accounts the same? Another shocking issue is their depository requirement which is targeting all types of traders. These scam artists want to get as many investors to sign up as possible.
Another problem we noticed with this broker is using a rigged demo account. By rigging their demo account, investors are led to believe they can make money. Qtime FX’s demo account is making over 98% successful trades. Remember a demo account uses virtual money which is not real. Most investors deposit real funds hoping to mirror the same results.
Qtime FX is using an unstable and unsecured platform which is highly risky. Anyone who uses this platform should expect to be attacked by hackers. Qtime FX is using MT5 trading platform as their preferred tool of trade. Hackers find unstable platforms to be easy prey for credit card information. With no DDoS or SSL encryption, these scammers are leaving investors vulnerable. Make sure to stay away from brokers who don’t consider protecting their investors. Unstable platforms are what drives this platform to be a pain in the neck.
There’s no way funds are safe from a broker who offers no trading license? Any anonymous broker will never keep funds safe. Safety of funds is not guaranteed by a broker who is shutting down accounts at will. Why have they failed to show details of how and where they bank funds deposited by investors? Is it possible users are depositing funds straight to owner’s bank account?
Another perturbing issue with this broker is segregation of accounts. Merging of assets is prohibited as users may lose these them at any given moment. QtimeFX is pooling funds in one account which is extremely dangerous. Make sure to stay away from brokers who have been blacklisted by regulatory bodies. Never expect any compensation since these scam artists don’t insure funds.
After checking all the evidence in our hands, we are sure QtimeFX is a certified scam. These are brokers who will steal your funds with charms and empty claims. Make sure to stay away from this platform.
To protect our readers, we will be adding this broker to our scam blacklist. Make sure to mark their emails as Spam and never click on any links sent.
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