Do you want to trade with Q8 Market FX? Why q8market.com is not a genuine broker! Read detailed Q8 Market FX review to know about this platform.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is Q8 Market FX?
Q8 Market FX also known as q8market.com is an offshore brokerage company a lot of promises for forex traders. The company openly claimed to be registered in England and Wales. That is not all, we discovered the broker appeared to be genuine by claiming Financial Conduct Authority, UK’s regulation. Interestingly, you will verify that claim.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Deposit and Withdrawal
Q8 Market FX Minimum Deposit:
Q8 Market FX deposit is not clearly indicated as nothing useful could be extracted. In comparison, genuine and licensed FX brokers specifically present their minimum deposit to traders, and clients can start trading as low as $100 with no fear of their investment.
As for the funding methods, the broker shows no payment options on the website. Just so you are aware, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Q8 Market withdrawal FX leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
Q8 Market FX Platform:
Q8 Market FX platform claims to use easy-to-use platform which is not mentioned. However, that cannot be compared to the advanced trading platforms of MT4/MT5. Many scammers have trading software to fool their victims that their money is being invested.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
As for Q8 Market FX leverage, nothing is said. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Why You Should Avoid q8market.com Forex Broker
First and foremost, q8market.com has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
Regrettably, the website claims to be licensed and authorized by the local Financial Conduct Authority (FCA) in the UK , but that is absolutely not true.
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Q8 Market FX Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Q8 Market FX located at q8market.com claims to be a trustworthy trading broker, however, that cannot be ascertained. From all indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
In case you found this information valuable, please share with us your experience in the comment section below.
Read earlier reviews on Betail-capital, Forextimeprime brokers