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QtimeFX

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Operating status: SCAM

Website: https://qtimefx.com/

Broker violations and abnormal records
  • 2024-02-07 BrokersView has reviewed that QtimeFX is an unregulated broker

    QtimeFX purports to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under the number 24738 IBC 2018. 

    However, neither the company name "QtimeFX" nor the claimed registration number can be located in the SVG FSA register. Even if the registration were valid, the forex broker would still be unlicensed, as the SVG FSA does not issue licenses or supervise forex trading brokerage activities.

    In essence, QtimeFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    QtimeFX appears to be a scam.

    QtimeFX purports to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under the number 24738 IBC 2018. However, neither the company name "QtimeFX" nor the claimed registration number can be located in the SVG FSA register. Even if the registration were valid, the forex broker would still be unlicensed, as the SVG FSA does not issue licenses or supervise forex trading brokerage activities.In essence, QtimeFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.QtimeFX appears to be a scam.

Related Complaints

Q&A

Can I trade GBP/AUD with QtimeFX??

Son Wong
Luxembourg
2024-02-28
ANSWER You are advised against any engagement  with QtimeFX, as it is an unlicensed broker.While it claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), our search for this company in the SVG FSA register didn't find any matching records. Even if the registration were true, it would remain unlicensed, as this offshore financial authority doesn't license or regulate forex trading brokerage activities.As such, QtimeFX poses risks of fraud and identity theft. Without regulatory oversight, investors are not protected by rules. It is highly recommended to stay away from unlicensed brokers like QtimeFX and instead choose those fully regulated ones.
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