Summary
QF Markets Broker claims to offer profitable trading opportunities, but research shows that it is not a regulated or licensed broker. Trusted authorities such as the FCA (UK), ASIC (Australia), and CySEC (Cyprus) do not oversee the platform’s operations. Many users have reported issues with withdrawals, hidden fees, and misleading claims.
Exercise extreme caution if you are considering investing, and always verify a broker’s regulatory status before depositing any money.
About QF Markets Broker
- Company Name: QF Markets
- Official Website: https://qfmarkets.com/
- Registered Address: Trust Company Complex Ajeltake Road, Ajeltake Island MH96960 Majuro, Marshall Islands
- Domain Blacklist Status: It seems there is no direct mention of this domain being on a blacklist.
Quality FX Ltd is a platform for trading internationally, advertised under the name of QF Markets, which claims to have its main office in Cyprus while conducting business from another location registered as a company in the M.I.’s Company Registries.
The registration provides no regulatory authority over QF Markets or Quality FX Ltd., which means that they do not get any oversight for forex or other trading conducted through their platform by any regulatory authority in Cyprus, where they claim to be operating from. In addition, their listing as a company does not provide any regulatory recognition to them in Cyprus.
No Recognized Regulatory Authority
The name “Quality FX Ltd” does not appear in the public register maintained by the Cyprus Securities and Exchange Commission (CySEC), which confirms that they are not legally authorized to operate as a broker or trading platform from Cyprus. The absence of any regulatory authority from a recognized financial services regulator is a large red flag and will leave clients unprotected against any type of fraud or scam.
Reports from various investors point to unexpected closures of the platform, which included problems accessing the website and finding out that communications were deleted shortly after the investors deposited money into the platform. Sudden closures that don’t have any prior warning usually have links to scams structured to exploit investors in order to steal their money, and then “disappear.”
QF Markets appears to be an unregulated operation with no legal authority over its jurisdiction; therefore, it appears to be misleading investors by falsely claiming they are registered in a country that actually provides them with some form of protection. Therefore, based on the complete lack of regulation and the numerous reports of unexpected closures, it is reasonable to conclude that QF Markets is a scam. It is highly recommended that no one use this broker, and everyone should only trade with properly regulated brokers.
Lost Funds to QF Markets Broker?
If you have already deposited money with QF Markets Broker, act quickly.
Fill out the form below to get a free consultation with fund-recovery specialists who can help trace and recover your money.
Is QF Markets Broker Trustworthy?
QF Markets Broker is not registered with any major financial regulator. Legitimate brokers must be authorised by bodies such as:
- FCA – Financial Conduct Authority (UK)
- SEC/CFTC – Securities and Exchange Commission / Commodity Futures Trading Commission (US)
- ASIC – Australian Securities and Investments Commission
- CySEC – Cyprus Securities and Exchange Commission
These regulators enforce strict rules, monitor financial operations, and protect customers.
Because QF Markets Broker lacks regulation:
- There is no authority overseeing its activities.
- Users have no access to compensation schemes or dispute resolution services.
- Funds are not insured, unlike regulated firms where clients may be covered by FINRA, SIPC, FSCS, or equivalent protection.
Trading with such unlicensed platforms carries a high risk of fraud and loss.
How Online Scams Usually Operate
Internet scammers use sophisticated tricks to build trust and then steal money. Below are common tactics associated with suspicious brokers like QF Markets Broker.
1. “Pig-Butchering” Romance & Investment Scams
Fraudsters may spend weeks or months gaining a victim’s confidence through dating apps, social media, or messaging platforms. Once trust is built, they encourage the victim to invest through a fraudulent trading platform like QF Markets Broker.
2. Fake Trading Platforms
Scam brokers often design dashboards that look real:
- Live-looking charts
- Fake profit spikes
- Manipulated account balances
They may even allow a small withdrawal at first to appear credible, then block all future withdrawals.
Common Red Flags
- Unsolicited contact: Calls, WhatsApp messages, or DMs offering investment opportunities.
- No regulatory licence: Or a fake/invalid licence number.
- Guaranteed returns: Promises of “risk-free” profits or fixed daily/monthly returns.
- Withdrawal problems: Sudden fees, taxes, or delays before releasing funds.
- Over-polished website: Professional design that hides the lack of real oversight.
- Fake testimonials: Made-up reviews or celebrity endorsements.
Steps to Take If You Were Scammed by QF Markets Broker
1. Cut Contact Immediately
Stop communicating with the broker or any associated person to prevent further manipulation.
2. Notify Your Bank or Payment Provider
Explain the situation and request:
- Chargeback (for card payments)
- Recall (for wire transfers)
- Reversal options (for e-wallets or crypto platforms)
3. Collect All Evidence
Keep:
- Screenshots
- Emails & chat logs
- Transactions
- Platform dashboard images
This helps recovery experts and law enforcement.
4. Report the Scam
Contact your local cybercrime authorities or financial regulator.
More reports help authorities track and shut down fraudulent operations.
5. Seek Professional Support
Fund-recovery specialists like Scams Report can guide you through chargebacks, crypto tracing, and legal steps.
FAQ – QF Markets Broker Scam Queries
Q1. Is QF Markets Broker regulated?
No. QF Markets Broker is not licensed by any recognised regulator, which makes it unsafe.
Q2. Can I get my money back from QF Markets Broker?
Recovery is possible in many cases if you act quickly. Chargebacks or crypto-tracing may help.
Q3. Why is QF Markets Broker considered risky?
Because it operates without regulatory oversight, offers guaranteed profit claims, and has multiple withdrawal complaints.
Q4. How can I know whether a broker is authentic or not?
Verify the licence number directly on the official regulator’s website (e.g., FCA, ASIC, SEC).
Q5. What should I do if QF Markets Broker blocks my withdrawals?
Stop depositing more money, collect evidence, contact your bank, and seek expert help.
About Scams Report
Scams Report is an independent organization that exposes online investment frauds and helps victims recover lost money. Our experts have over a decade of experience tracking scam websites and maintaining a live database of fraudulent brokers.
We publish verified scam alerts, broker reviews, and recovery resources to protect traders worldwide and promote financial awareness.
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Disclaimer: Online reports, user reviews, and publicly accessible data served as the foundation for this analysis. It is meant to be educational. Before investing with any broker, always do extensive research.
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