Score

1.22 /10
Danger

QF Markets

Marshall Islands

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

Add brokers

Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.79

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The South AfricaFSCA regulation (license number: 46087) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

QF Markets · Company 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

User Reviews

More

User comment

14

Comments

Write a review

Samaneh️
6-12months
This broker charges less money transfer fees than other brokers and this is one of the reasons why I like this broker.
This broker charges less money transfer fees than other brokers and this is one of the reasons why I like this broker.
Translate to English
2024-06-16 19:25
Reply
0
0
FX1293507245
6-12months
Good support, low spread, real ECN Accounts and...
Good support, low spread, real ECN Accounts and...
Translate to English
2024-06-13 23:48
Reply
0
0