Quimby Warldoks Fund: broker reviews in 2022

Quimby Wardox Fund: latest broker reviews in 2022

Quimby Wardox Fund provides all opportunities for its clients to achieve their trading goals. The company claims that the financial position and experience of the trader do not matter. However, at the moment there are no available confirmations and reviews to truly verify the truth of the statements. Therefore, it is necessary to carefully study all aspects – the availability of legal documentation, terms of cooperation, and more, before making final conclusions.

What is known about Quimby Wardox Fund?

On the Quimby Wardox Fund platform, the following statistics are available:

• 3.5 million clients from all countries (direct quote from the website),
• over 1 million active accounts,
• daily execution of 25,000 orders,
• annual turnover of 850 million dollars.

The Quimby Wardox Fund website is indeed old. According to whois data, the platform was launched back in 2005.

In 17 years of operation, the company could have accumulated such impressive figures. However, there is one “but.” According to the web archive, until 2021, qwforex.com belonged to the Chinese company VIN CRYPTO. It is likely that financial scammers bought an old domain to create an impression of reliability with users.

The situation with the contact information is also interesting. Quimby Wardox Fund claims to have offices in the Cayman Islands and in Moscow (BC Oruzheyny). However, checking this information through 2GIS showed that the company distorts the truth.

The phone number listed on the website with a Russian code turned out to be blacklisted due to suspicions of spam. In reviews, people complain about suspicious earning offers.

The second phone turned out to be fake. Therefore, the only way to contact support is via email. But even in this case, emails with reviews, complaints, or requests for help will be ignored. Scammers simply will not respond to such messages.

Legal aspects of Quimby Wardox Fund

Quimby Wardox Fund claims to operate in accordance with international legislation and is licensed by the Cayman Islands Monetary Authority (license No. RA000087). However, the regulatory body has an open register where the provided data can be verified. Predictably, our hero is not mentioned in the list of licensees.

In the CIS countries, the operation of Quimby Wardox Fund is also illegal, as it has not obtained permission from:

• The Central Bank of the Russian Federation,
• The National Bank of the Republic of Belarus,
• The Agency of the Republic of Kazakhstan for the Development and Regulation of the Financial Market.

However, it is worth noting that the company is not included in the blacklists of CIS regulators and has not been blocked by Roskomnadzor. This may be due to the extremely short period of existence and, as a result, the lack of reviews and complaints in the Prosecutor General’s Office.

Internal documents on the platform are absent, and the terms of cooperation with Quimby Wardox Fund remain unclear. This gives scammers the opportunity to change the rules at their discretion, rendering the user helpless.

Trading conditions

The scammers of Quimby Wardox Fund attract newcomers with educational materials, promises of a modern trading platform, and technical security of accounts. However, in reality, all this is empty talk. Scammers do not provide opportunities to practice without risks. After registration, they require the novice to choose a tariff plan and fund the account.

The following types of accounts are offered on the platform:

• MINI. Initial deposit – $1000. Spreads from 4 points (significantly higher than average market indicators), leverage from 1:10 to 1:200, bonuses, 1 trading signal daily, services of a personal analyst,
• STANDART. Minimum deposit – $10,000. Spreads from 3 points, participation in the partnership program, up to 5 trading signals daily. Other conditions are the same as for MINI,
• PRO. Entry threshold – from $50,000. Features include spreads from 2 points, up to 10 signals in daily distribution, assistance from a team of analysts.

Reviews on payment discipline are absent, but considering the company’s lack of access to liquidity providers and no connections with the interbank market, the likelihood of making a profit here is low.

Reviews of Quimby Wardox Fund

There are currently no reviews of Quimby Wardox Fund, so scammers can continue to deceive newcomers without fear of exposure. They have several months to act undisturbed.

If you have dealt with this broker, share your reviews. Tell about your experience in the comments to help others avoid falling into a financial scam. People will appreciate your honest information.

Fraud scheme

Quimby Wardox Fund, although a new scam project, uses a proven scam scheme used by other scammers. Each newcomer, regardless of the deposit amount, is provided with a mentor. A personal analyst provides trading recommendations that initially bring profit. Then the specialist suggests installing software for remote access to train the trader in practice. The tool itself is useful, but scammers use it for selfish purposes:

• steal personal information,
• gain access to online banking and zero out card balances,
• illegally withdraw funds from the deposit account.

The most frustrating part is that the user will not be able to prove the involvement of scammers from Quimby Wardox Fund in the theft of their funds and data.

Conclusion of a comprehensive review

Registering on the Quimby Wardox Fund platform is the first step towards financial ruin. Scammers will try to empty your wallet and seriously disrupt your mental state. The regulator does not intervene in the conflict because, in fact, the platform is fake and exists solely online. The best solution will be to avoid it altogether.