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On April 17, 2025, the Financial Conduct Authority (FCA) identified QATrading as a clone firm. https://www.fca.org.uk/news/warnings/qa-trading-ltd-clone-fca-authorised-firm
We suspect QATrading to be a potential scam for following reasons:
Firstly, QATrading claims to be authorized by the Cyprus Securities and Exchange Commission (CySEC), allegedly holding a license number 287/15. However, our verification with the Cypriot authority indicates a case of identity fraud. The information disclosed by the CySEC doesn't suggest that the licensee bears responsibility for QATrading.
Secondly, the Financial Conduct Authority (FCA) has issued a warning about QATrading, clearly stating that this broker falsely purports to be associated with an entity authorized by them. As such, the FCA identifies QATrading as a clone firm.
Thirdly, while QATrading claims to be registered with the Mwali International Services Authority (MISA), it is critical to note that the Central Bank of the Comoros has confirmed that MISA has no authority to authorize or license financial institutions operating in the Union of the Comoros. Investors should exercise caution when dealing with any organization claiming to be licensed or regulated by MISA.
In essence, QATrading 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. QATrading appears to be a scam.
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