Analysis of High Quality QM
High Quality QM is a company about which there is not much information available on the internet. However, their website claims to have many years of experience and a large number of active users. In this review, we will examine whether it is worth registering on this platform, as well as why there are so few reviews about it. We will also look into the company’s commercial offering and legal framework.
Details about High Quality QM
The main page of the High Quality QM website claims that the company has 11 years of experience (although another section of the site mentions only 4 years). Despite this, over such a period, information about the company should have spread across the network.
The lack of reviews about the company can be explained by the fact that the highqualityqm.com domain started operating only in July 2022.
The company’s claim to have 246,500 open trading accounts seems dubious, considering that the average number of website visitors is about 60 people per day.
The address listed as the company’s location in Toronto actually belongs to a large shopping center where High Quality QM is not among the tenants.
The phone number on the site also turns out to be invalid, raising doubts. However, the company’s email is real, which could be used to collect customer contacts.
The company’s internal documents leave much to be desired: the user agreement and refund policy do not even contain the company’s name, indicating the use of template documents.
Verification of the Legal Framework
High Quality QM claims to have official regulation, but the facts presented by the company require verification. It is mentioned that licenses have been obtained from the Cyprus Securities and Exchange Commission, the Financial Services Commission of Mauritius, and the International Financial Services Commission (IFSC). However, a conducted check revealed that the license numbers are fictitious. Searches in the CYSEC database and other regulatory bodies did not yield any results.
High Quality QM offers a multilingual website, including a Russian version, which may indicate active interaction with traders from CIS countries.
At present, there is no basis for trusting the company High Quality QM, and many investors may face the risk of losing their funds. It is recommended to exercise caution and conduct additional research before entering into any collaboration.
The broker has demonstrated a decent performance in 2022 with commendable attention to quality management.