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Quality Oil Gas Pt Ltd

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Operating status: SCAM

Website: https://www.sharetrader.live/

Broker violations and abnormal records
  • 2023-09-14 BrokersView has Reviewed that Quality Oil & Gas Pt Ltd is an Unregulated Broker

    According to its website, Quality Oil & Gas Pt Ltd is located in Singapore. However there is no matching information was found in the Monetary Authority of Singapore (MAS).

    The truth is that Quality Oil & Gas Pt Ltd is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, Quality Oil & Gas Pt Ltd is a scam.

    According to its website, Quality Oil & Gas Pt Ltd is located in Singapore. However there is no matching information was found in the Monetary Authority of Singapore (MAS).The truth is that Quality Oil & Gas Pt Ltd is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, Quality Oil & Gas Pt Ltd is a scam.

Related Complaints

Q&A

What is Quality Oil Gas Pt Ltd?

Arthur Logunov
Ireland
2023-10-19
ANSWER Quality Oil Gas Pt Ltd is an unlicensed forex trading platform.Quality Oil Gas Pt Ltd fails to disclose information about its regulatory status, a red flag of a potential scam. While it claims to have an office in Singapore, the register of the Monetary Authority of Singapore (MAS) doesn't include this company. This means it is not financially registered in this jurisdiction and it lacks the required authorization to offer investment services or products.What's more, its domain name ("sharetrader.live") was first registered in May 2020, but it claims that it has more than 10 years of experience in helping traders. This inconsistency further undermines the platform's credibility.Therefore, considering its dishonest statement and unlicensed status, Quality Oil Gas Pt Ltd is not safe for investors. Individuals dealing with the broker are exposed to fraud and identity theft, as there are no rules in place to safeguard them. To avoid financial losses and identity theft, we strongly suggest investors steer clear of unlicensed trading platforms and instead choose reputable, fully regulated ones.
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