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QUMAXCOFXS

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Operating status: SCAM

Website: https://www.qumaxcofxs.com/

Broker violations and abnormal records
  • 2023-09-10 The UK FCA issues a warning against QUMAXCOFXS

    On September 11, 2023, the Financial Conduct Authority (FCA) issued a warning against QUMAXCOFXS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/qumaxcofxs

    On September 11, 2023, the Financial Conduct Authority (FCA) issued a warning against QUMAXCOFXS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/qumaxcofxs
  • 2023-09-11 BrokersView has reviewed that QUMAXCOFXS is an unregulated broker

    QUMAXCOFXS is allegedly domiciled in the UK, but it is not registered with the Financial Conduct Authority (FCA). Therefore, the FCA has issued a warning against QUMAXCOFXS, cautioning the public of this unauthorized firm which is illegally soliciting British investors.

    In essence, QUMAXCOFXS 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. 

    QUMAXCOFXS is unequivocally a scam.

    QUMAXCOFXS is allegedly domiciled in the UK, but it is not registered with the Financial Conduct Authority (FCA). Therefore, the FCA has issued a warning against QUMAXCOFXS, cautioning the public of this unauthorized firm which is illegally soliciting British investors.In essence, QUMAXCOFXS 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. QUMAXCOFXS is unequivocally a scam.

Related Complaints

Q&A

Please tell me about QUMAXCOFXS' regulation.

Jessy sadeq jarir
France
2023-09-15
ANSWER BrokersView has confirmed that QUMAXCOFXS is an unregulated broker.According to the Financial Conduct Authority (FCA), QUMAXCOFXS, a financial firm allegedly based in the United Kingdom, is not authorized by the FCA to provide financial services or products. Therefore, the FCA has issued a warning against QUMAXCOFXS, cautioning the public of this unauthorized firm which is illegally soliciting British investors.As such, we strongly suggest investors avoid dealing with QUMAXCOFXS. Without regulatory oversight, it's unlikely investors could get their money back if the firm goes out of business. To safeguard traders' interests, BrokersView highly recommends choosing a fully regulated broker instead.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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