Please tell me about QUMAXCOFXS' regulation.

https://www.qumaxcofxs.com/

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.