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/10

QF MARKETS

Marshall Islands Marshall Islands | 2-5 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://qfmarkets.com

Website

Rating Index

Contact

https://qfmarkets.com
Trust Company Complex Ajeltake Road, Ajeltake Island MH96960 Majuro, Marshall Islands.

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Marshall Islands
Operating Period
2-5 years
Company Name
Quality FX Ltd
Customer Service Email Address
support@qfmarkets.com
Company Website
Company Address
Trust Company Complex Ajeltake Road, Ajeltake Island MH96960 Majuro, Marshall Islands.
Account
Website
Company Summary
Wiki Q&A
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Official Website

Website

  • qfmarkets.com
    104.21.74.99
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Company Profile

Company Profile

Review summary

QF Markets Review Summary
Founded2022
Registered Country/RegionMarshall Islands
RegulationFSCA (Suspicious clone)
Market InstrumentsForex, Commodities, Indices, Cryptocurrencies, Shares
Demo Account
Trading PlatformMT5
LeverageUp to 1:2000
SpreadFrom 1.5 pips (Standard account)
Min Deposit$5
Customer SupportEmaill: support@qfmarkets.com
Live Chat: 7/24
Instagram: https://www.instagram.com/qfmarkets_global/
Physical Address: 59, Agiou Athanasiou, 4102, Limassol
Region RestrictionsUS, Canada, Syria, North Korea and Iran

QF Markets is a broker registered in the Marshall Islands in 2022. QF Markets provides five types of trading instruments through the MetaTrader 5 platform, with a minimum deposit requirement of $5 and leverage reaching up to 1:2000. In addition, the company does not offer its services to residents of the United States, Canada, Syria, North Korea, and Iran. Most importantly, this broker operates without legitimate regulation and possesses only a cloned license.

QF Markets Review Summary

Pros and Cons

Pros Cons
Multiple account typesNo info on fees
Comprehensive customer serviceRegional restrictions
Multiple trading choicesSuspicious clone FSCA license
Demo accounts
MT5 support

Is QF Markets Legit?

QF Markets lacks legal regulation and its license is a suspicious clone. The license, which bears the number 46087 and was issued by the Financial Sector Conduct Authority (FSCA) in South Africa, actually belongs to AFN FINANCIAL SERVICES (PTY) LTD. This does not match the name of QF Markets. Consequently, it is confirmed to be a cloned license, and you should not place your trust in it.

Regulatory Status Suspicious Clone
Regulated by Financial Sector Conduct Authority (FSCA)
Licensed Institution AFN FINANCIAL SERVICES (PTY) LTD
Licensed TypeFinancial Service Corporate
Licensed Number46087
Is QF Markets Legit?

What Can I Trade on QF Markets?

QF Markets offers five types of trading instruments, and below is the specific information on each:

Forex: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD...

Cryptocurrencies: BTCUSD, DASHUSD, ETHUSD, EOSUSD, IOTAUSD...

Shares: ALIBABA, AMAZON, APPLE, АT&T, BNK-AMER...

Commodities: XAUUSD, XAGUSD, XPTUSD, UKOIL, USOIL...

Indices: U30USD, NASUSD, SPXUSD, 100GBP...

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Stocks
Futures
Bonds
Options
What Can I Trade on QF Markets?

Account Type/Fees

QF Markets offers four types of accounts: Cent, Standard, Premium, and Raw Spread, each with varying minimum deposits ranging from $ 5 to $500. Additionally, the Cent, Standard, and Premium accounts include a swap-free Islamic account option, while the Raw Spread account does not.

Account TypeCent AccountStandardPremiumRaw Spread
Min DepositUSD 5USD 5USD 250USD 500
Max Leverage1:20001:20001:20001:2000
Spread From 1.8 pipsFrom 1.5 pipsFrom 1 pipFrom 0 pips
Swap-free Islamic Account Option
0% Fees on Deposits & Withdrawals
Account Type/Fees

Leverage

QF Markets offers dynamic leverage based on the trading tool types and trading lots chosen, with a maximum leverage that can reach up to 1:2000. This extremely high leverage level entails significant risks, and you should exercise caution as the broker lacks legal regulation.

Leverage

Trading platform

QF Markets supports trading through the MetaTrader 5 (MT5) platform, which offers advanced trading robots and real-time copying of trading signals, making it a great option for sophisticated automated trading. In addition to desktop, mobile phone, and Pad versions, the platform is also accessible via the web.

Trading PlatformSupported Available Devices Suitable for
MT4/Beginners
MT5Computer, phone and PadExperienced traders
cTrader/Experienced traders
Trading platform

Deposit and Withdrawal

QF Markets supports deposits through LetKnow, Help2Pay, Local Payments Solutions, and other preferential methods. However, the withdrawal method is not specifically mentioned. It is worth noting that the broker does not charge any fees for deposits and withdrawals, except for the Cent account.

Deposit and Withdrawal

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is QF MARKETS a legit trading platform?

QF MARKETS is an unregulated entity that operates without verified oversight from any mainstream financial authority. The broker, registered as Quality FX Ltd in the Marshall Islands, holds a low WikiFX score of 1.36, reflecting an absence of formal investor protection frameworks and credible regulatory supervision.

In a week
United States

Which regulator oversees QF MARKETS?

QF MARKETS currently operates without any valid, verified licenses from recognized financial authorities. It lists a single 'Unverified' license with South Africa's FSCA under a different company name, 'GATESFX (PTY) LTD', which is disconnected from its primary brand and does not constitute an active regulatory relationship for the broker.

In a week
United States

What is the full company name of QF MARKETS?

The broker's full legal name is Quality FX Ltd. The company has been operational for an estimated 2 to 5 years and is registered in the Marshall Islands, a jurisdiction not known for stringent financial regulation of retail forex brokers.

In a week
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

In a week
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

In a week
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

In a week
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

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How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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