Looking to read QCFinances reviews, you are in the right place. Is Qcfinances.com broker best for trading? Read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
QCFinances FX otherwise known as Qcfinances.com is an offshore brokerage with a lot of promises for forex traders. The forex company presents its location in Switzerland, phone number and email address.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
QCFinances offers traders variety of account types such as —
What We Discovered about Qcfinances.com Broker
First of, Qcfinances.com FX presents its base in a highly regulated jurisdiction such as Switzerland and has a licence from Swiss Financial Market Supervisory Authority (FINMA).
A quick search to clear our suspicions, we searched the Swiss Financial Market Supervisory Authority (FINMA) database, but it turned out QCFinances is an unauthorized broker therefore is not to be trusted.
More so, Qcfinances.com does not provide credentials for logging into a trading server. Obviously this supposed broker does not have the technological capacity to facilitate trading in financial instruments.
In addition, 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.
QCFinances Minimum Deposit
The broker QCFinances deposit is specified $250 according to the account type. In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, we do not find any information on the QCFinances platform regarding available payment methods and transaction fees.
Just so you know, 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!
QCFinances FX offers a web trading software. The platform comes with some basic tools and custom indicators but nothing more advanced.
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.
QCFinances leverage can get up to 1:500. This is not a level that you see with regulated brokers. Trading with high leverage allows higher profits, however, it equally increases the risk of sudden and excessive losses. All leading regulators limit leverage for retail traders. In the EU, UK and Australia the maximum permitted level is 1:30 and in the US it is 1:50.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
QCFinances 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
QCFinances FX located at Qcfinances .com claims to appear like a genuine trading broker, however, you should not take the words they say and its attractive website layouts. From all indications, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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