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QUADMARKS

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Operating status: SCAM

Website: https://www.quadmarkstrades.online/

Broker violations and abnormal records
  • 2023-09-06 The UK FCA issues a warning against QUADMARKS

    On September 7, 2023, the Financial Conduct Authority (FCA) issued a warning against QUADMARKS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/quadmarks

    On September 7, 2023, the Financial Conduct Authority (FCA) issued a warning against QUADMARKS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/quadmarks
  • 2023-09-07 BrokersView has reviewed that QUADMARKS is an unregulated broker

    QUADMARKS claims to be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). However, there are no indications that it is registered as a member of the NFA. Therefore, it is not authorized by either of the abovementioned regulators to provide investment services.

    While QUADMARKS is allegedly domiciled in the UK, it falls outside the regulatory framework, as evidenced by the warning issued from the Financial Conduct Authority (FCA). According to the UK financial watchdog, it is an unauthorized firm illegally providing financial services or products in this country.

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

    QUADMARKS is unequivocally a scam.

    QUADMARKS claims to be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). However, there are no indications that it is registered as a member of the NFA. Therefore, it is not authorized by either of the abovementioned regulators to provide investment services.While QUADMARKS is allegedly domiciled in the UK, it falls outside the regulatory framework, as evidenced by the warning issued from the Financial Conduct Authority (FCA). According to the UK financial watchdog, it is an unauthorized firm illegally providing financial services or products in this country.In essence, QUADMARKS is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. QUADMARKS is unequivocally a scam.

Related Complaints

Q&A

Is QUADMARKS a scam company?

Waldemar Mahindrakar
French Guiana
2023-10-19
ANSWER QUADMARKS' unlicensed activities and dishonest statement about its regulatory status suggest that it is a scam.QUADMARKS claims to be under the supervision of the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). However, there is no evidence that it has a membership in the NFA. Thus, it does not have the approval of either of these regulators to offer investment services in this country, and such misleading information significantly undermines its credibility.What's more, QUADMARKS is supposedly based in the UK, but it does not comply with the regulatory standards, as shown by the alert from the Financial Conduct Authority (FCA). The UK financial authority states that it is an unlicensed firm that unlawfully provides financial services or products to British citizens. For more details of this warning, you can access here.Therefore, QUADMARKS has no regulatory oversight. Investing with this broker is very dangerous, as there are no legal safeguards for the funds. To mitigate risks of fraud and identity theft, we strongly suggest investors to verify a broker's licenses at first. It is advised to stay away from unlicensed brokers and instead choose a fully regulated one.
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