Quantum Trade: customer reviews of the company’s performance in 2024
Reviews of Quantum Trade Company in 2024
The company Quantum Trade guarantees traders maximum freedom on financial markets and refers to 15 years of successful experience. However, the opinions of real users raise doubts – most reviews have a negative tone. We conducted an analysis of the situation to find out why using this platform for trading is not recommended.
What is known about Quantum Trade?
Quantum Trade presents itself as a reliable broker in the Forex market, providing quality access to financial markets. According to the company, more than 324,978 successful trades have been made on their platform, and 90% of traders trust the company’s professionals, following their recommendations.
When analyzing the domain history through the whois service, it was found that the site quantumtrade.biz started operating at the end of last year. However, reviews appeared much earlier. Additionally, it was discovered that the authors of this project had previously launched several similar web resources on different domains, including quantumtrade.io.
Regarding contact information, the company provided fake data. The email provided for contact turned out to be invalid. The address in London (United Kingdom), where the company’s office is allegedly located, is actually associated with the fraudulent broker Kranken FX, which has already been blacklisted by the FCA.
Licensing
Quantum Trade claims to operate in accordance with international standards and legislation. However, there are no scans of legal documents confirming the company’s licensing and registration on their website. According to the Companies House database, Quantum Trade is not registered or licensed in the UK.
The absence of the company in the FCA’s list of licensed entities also confirms that the claims of having legal grounds for operation are false. Quantum Trade offers its services without legal justification and can terminate cooperation at any time without warning.
Trading Conditions at Quantum Trade
On the Quantum Trade platform, currency pairs, commodities, indices, and stocks are available for trading. A detailed description of the contracts on the quantumtrade.biz website was not found, but from customer reviews, some key features were identified:
- Fast order execution (up to 14 ms);
- Trading tips;
- No commissions;
- Minimum deposit of $250;
- Leverage up to 1:200.
User reviews indicate attractive trading conditions and promises of qualified support. However, in reality, traders encounter incompetent advice and risk falling into a financial pit due to the activities of scammers.
Summary
As a result of the analysis, it can be concluded that Quantum Trade is a dishonest broker created by experienced scammers. The company exploits the trust of newcomers, attracting them with promises of support and favorable conditions. Extracting financial benefits from such clients is the main goal, and there is no provision for returning funds to deceived traders.