Search

QQ GLOBAL GROUP foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://app.qqglobalgroup.com/user-auth/register, about the company's legal and temporary regulatory information, the company's address Office 501, Carrera 5 #13-46, Comuna 3, Valle de Cauca, Cali, Colombia.

QQ GLOBAL GROUP Forex Broker

Basic Information

Registered Region
Colombia
Operating Period
--
Company Name
QQ GLOBAL GROUP LD S.R.L.
Abbreviation
QQ GLOBAL GROUP
Company employee
--
Customer Service Email Address
sales@qqglobalgroup.com
Contact Number
+573167088541
Company address
Office 501, Carrera 5 #13-46, Comuna 3, Valle de Cauca, Cali, Colombia
Keywords
1-2 years
Suspicious Regulatory License
White label MT5
Global Business
High potential risk

Company profile

QQ GLOBAL GROUP Review SummaryFounded2021-10-07Registered Country/RegionColombiaRegulationUnregulatedMarket InstrumentsCryptocurrencies/CFDs/Indices/Foreign exchange/Raw materials/Cryptos/ActionsDemo Account❌LeverageUp to 1:100SpreadFrom 0.0 pipsTrading PlatformMT5 (Windows/iOS/Android)Min Deposit$100Customer SupportPhone number: +57 602 8912574Email: sales@qqglobalgroup.comLive chatQQ GLOBAL GROUP Information QQ GLOBAL GROUP is a broker. The tradable instruments with a maximum leverage of 1:100 include cryptocurrencies, CFDs, indices, foreign exchange, raw materials, cryptos, and actions. The broker also provides three accounts, including Classic, Pro, and Business. The minimum spread is from 0.0 pips and the minimum deposit is $100. QQ GLOBAL GROUP is still risky due to its unregulated status.Pros and ConsPros Cons 24/7 customer supportUnregulatedLeverage up to 1:100Demo account unavailableSpread as low as 0.0 pipsNo specific transfer methodMT5 availableIs QQ GLOBAL GROUP Legit? QQ GLOBAL GROUP is not regulated, making it less safe than regulated brokers.What Can I Trade on QQ GLOBAL GROUP? QQ GLOBAL GROUP offers a wide range of market instruments, including cryptocurrencies, CFDs, indices, foreign exchange, raw materials, cryptos, and actions.Tradable Instruments Supported Cryptocurrencies✔CFDs✔Indices✔Foreign exchange✔Raw materials✔Cryptos✔Actions✔Commodities❌Stocks❌Precious Metals❌Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type QQ GLOBAL GROUP has three account types: Classic, Pro, and Business. Traders who want low spreads can choose a business account, while those with a small budget can open a classic account.Account Type ClassicProBusinessMinimum Deposit$100$750$1500SpreadsFrom 1 to 2 pipsFrom 1 to 1 pipsFrom 0.0 pipsMaximum leverage1:1001:1001:100Minimum trade size0.01 Lot0.01 Lot0.01 LotTotal Maximum Trade Size1000 Standard Lots1000 Standard Lots1000 Standard LotsMaximum simultaneous open orders100010001000Margin Call/ Stop out level100%/20%100%/20%100%/20%Withdrawal fee$0$0$0Batch Commission4-5 USD4-5 USD4-5 USDQQ GLOBAL GROUP Fees The spread is from 0.0 pips and the accounts commission is 4-5 USD. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.Trading Platform QQ GLOBAL GROUP cooperates with the authoritative MT5 trading platform available in Windows, iOS, and Android to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.Trading PlatformSupported Available Devices Suitable for MT5✔Windows/iOS/AndroidExperienced tradersDeposit and Withdrawal The minimum deposit is $100. However, transfer processing times, methods, and associated fees are unknown.

Rating Index

Business

Minimum Deposit
$1,500

Pro

Minimum Deposit
$ 750

  

Qq Global Group Forex Broker - Complete Information Guide

  

1. Broker Overview

  Qq Global Group is a relatively new player in the forex brokerage industry, having been established on October 7, 2021. The company is registered in Colombia, with its main office located at Office 501, Carrera 5 # 13 - 46, Comuna 3, Valle de Cauca, Cali. This private entity operates under the name Qq Global Group LD S.R.L., focusing primarily on retail forex trading and related financial services.

  The broker aims to serve a diverse clientele, including novice traders looking to enter the forex market as well as experienced investors seeking to leverage various trading instruments. Over the past two years, Qq Global Group has made strides to establish its presence in the global trading community, although it faces significant challenges due to its unregulated status.

  As part of its operational framework, Qq Global Group offers various trading accounts, including classic, pro, and business accounts, catering to different trading needs and capital requirements. The broker's business model is primarily retail forex trading, allowing individual traders access to a range of market instruments.

  The Qq Global Group broker is positioned to provide a user-friendly trading experience, although it has yet to achieve the recognition and regulatory backing that many established brokers enjoy.

  

2. Regulatory and Compliance Information

  One of the critical aspects of any brokerage is its regulatory status. Qq Global Group is currently unregulated, which poses significant risks to its clients. The broker claims to operate under the jurisdiction of Saint Vincent and the Grenadines, but this region is notorious for having lax regulatory oversight, making it a common choice for many offshore brokers.

  • Regulatory Bodies: The broker does not have any valid licenses from recognized financial authorities such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC).
  • Regulatory Numbers: Specific regulatory numbers are not available as the broker lacks legitimate licenses.
  • Client Fund Segregation: There is no clear policy regarding the segregation of client funds, which raises concerns over the safety of deposits.
  • Investor Compensation Fund: Qq Global Group does not participate in any investor compensation schemes, further increasing the risk for clients.
  • KYC and AML Compliance: The broker's adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is unclear, which is a significant red flag for potential investors.

  Given the absence of regulatory oversight, clients must exercise extreme caution when dealing with the Qq Global Group broker.

  

3. Trading Products and Services

  Qq Global Group offers a variety of trading products, catering to a wide range of market interests. The broker provides access to:

  • Forex Currency Pairs: The broker offers a selection of forex pairs, although specific numbers are not disclosed. Major pairs are likely included, such as EUR/USD, GBP/USD, and USD/JPY.
  • CFD Products: Clients can trade a range of Contracts for Difference (CFDs) across various asset classes, including:
  • Indices: Major global indices.
  • Commodities: Including raw materials.
  • Cryptocurrencies: A selection of popular cryptocurrencies.
  • Special Products: There are no unique or proprietary trading instruments mentioned in the available data.
  • Product Updates: Information regarding the frequency of product updates or the introduction of new instruments is not provided.
  • Retail Trading Services: Qq Global Group focuses primarily on retail trading services, allowing individual investors to participate in the forex market.
  • Institutional Client Services: There is no clear mention of services tailored to institutional clients.
  • White Label Solutions: The availability of white label solutions is not specified.
  • Asset Management Services: No information is available on whether the broker offers asset management services.

  The diverse range of products offered by the Qq Global Group broker aims to attract a broad spectrum of traders, although the lack of regulation raises concerns about the safety and reliability of these services.

  

4. Trading Platforms and Technology

  The trading experience at Qq Global Group is facilitated through the MetaTrader 5 (MT5) platform, which is widely regarded in the industry for its advanced trading capabilities.

  • MT5 Support: The broker supports the MT5 platform, enabling clients to trade on various devices, including Windows, iOS, and Android.
  • Proprietary Platforms: There is no information suggesting that Qq Global Group has developed its proprietary trading platform.
  • Web-Based Trading: The availability of a web-based trading platform is not explicitly mentioned.
  • Mobile Applications: The MT5 mobile application is available for both iOS and Android, allowing for trading on the go.
  • Execution Model: The execution model used by Qq Global Group is not clearly defined, leaving clients uncertain about whether it operates on an ECN, STP, or Market Making basis.
  • Server Locations: Specific information regarding the server locations and technological infrastructure supporting the trading platform is not provided.
  • API Access and Automated Trading: Details on API access or support for automated trading are not available.

  While Qq Global Group offers access to the widely used MT5 platform, the absence of detailed information about its execution model and infrastructure may deter potential clients.

  

5. Account Types and Trading Conditions

  Qq Global Group provides several types of trading accounts to accommodate different trading preferences and capital levels:

  •   Standard Account Conditions:

  •   Minimum Deposit: Starting from $100 for the classic account.

  •   Spreads: Varying from 1 to 2 pips for the classic account and as low as 0.0 pips for the business account.

  •   Commissions: Ranging from $4 to $5 per lot.

  •   Advanced Account Types:

  •   Pro Account: Requires a minimum deposit of $750 with spreads starting at 1 pip.

  •   Business Account: Designed for experienced traders, requiring a minimum deposit of $1,500 with competitive spreads.

  •   Special Accounts: There is no mention of specific account types such as Islamic or corporate accounts.

  •   Demo Account Policy: It appears that Qq Global Group does not offer a demo account, which is a significant drawback for new traders wanting to practice without risk.

  •   Leverage Ratios: The maximum leverage offered is 1:100, which is standard in the industry.

  •   Minimum Trade Size: The minimum trade size is 0.01 lots across all account types.

  •   Overnight Fees: Information regarding overnight fees (swap rates) is not specified.

  The variety of account types available through the Qq Global Group broker allows traders to choose the best fit for their investment strategy, although the lack of a demo account may hinder new traders from gaining experience.

  

6. Funds Management

  When it comes to managing funds, Qq Global Group provides several options for deposits and withdrawals, although specific details are limited:

  •   Supported Deposit Methods: The broker accepts various deposit methods, including:

  •   Bank Transfers

  •   Credit Cards

  •   Cryptocurrency Payments (such as Bitcoin and USDT)

  •   Third-party payment providers like Square and Zelle.

  •   Minimum Deposit Requirements:

  •   Classic Account: Minimum deposit of $100.

  •   Pro Account: Minimum deposit of $750.

  •   Business Account: Minimum deposit of $1,500.

  •   Deposit Processing Times: The processing times for deposits are not disclosed.

  •   Deposit Fees: Information regarding any fees associated with deposits is not provided.

  •   Withdrawal Methods and Restrictions: Specific details about withdrawal methods and any associated restrictions are lacking.

  •   Withdrawal Processing Times: The time taken to process withdrawal requests is not mentioned.

  •   Withdrawal Fee Structure: There is no clear information on withdrawal fees.

  While Qq Global Group offers a range of deposit methods, the lack of transparency regarding processing times and fees could be a concern for potential clients looking to manage their funds effectively.

  

7. Customer Support and Educational Resources

  Customer support is a crucial aspect of any brokerage, and Qq Global Group provides several avenues for clients to seek assistance:

  •   Support Channels: Clients can reach out to the broker through:

  •   Email: sales@qqglobalgroup.com

  •   Phone: +57 602 8912574

  •   Live Chat: Available on the website.

  •   Social Media: Presence on platforms like Facebook.

  •   Service Hours and Time Zone Coverage: Specific service hours are not disclosed, which may affect traders in different time zones.

  •   Multilingual Support: The broker offers support in multiple languages, although the specific languages are not listed.

  •   Educational Resources: There is no information provided regarding the availability of educational resources such as webinars, tutorials, or e-books.

  •   Market Analysis Services: The broker does not appear to offer market analysis services, daily reports, or research documents.

  •   Trading Tools: Details on trading tools such as calculators, calendars, or signal services are not available.

  The customer support offerings of the Qq Global Group broker are somewhat limited, particularly in terms of educational resources, which can be a disadvantage for new traders seeking guidance.

  

8. Regional Coverage and Restrictions

  Qq Global Group aims to serve a global audience, although there are limitations regarding the regions it can cater to:

  • Primary Service Markets: The broker primarily targets clients in Latin America, particularly in Colombia, but also seeks to attract traders from other regions.
  • Regional Offices: Specific regional offices outside of Colombia are not mentioned.
  • Countries/Regions Not Accepted: There is no detailed information on countries or regions from which clients are not accepted.
  • Special Restrictions: The broker operates under offshore regulations, which may limit its ability to serve clients in certain jurisdictions where stricter regulations apply.

  The Qq Global Group broker seeks to expand its reach, but potential clients should verify their eligibility based on local regulations before engaging with the broker.

  In conclusion, Qq Global Group presents a mixed offering with several advantages, such as a variety of trading products and account types, but significant concerns arise from its unregulated status and lack of transparency. Potential clients should conduct thorough research and consider their risk tolerance before engaging with this broker.

QQ GLOBAL GROUP Similar Brokers

Unverified
Moomoo
No license plate
2.26
Score
Unverified
E TRADE
E*TRADE Forex Broker - Complete Information Guide   1. Broker Overview   ETRADE
1.69
Score
Over-Operation
SENTINEL
No license plate
3.39
Score
Regulated
CCC
Having a license
2.28
Score
Offshore Regulated
FTD
Having a license
2.28
Score
ABLE
Able Forex Broker - Complete Information Guide   1. Broker Overview   Able Limit
1.75
Score
Offshore Regulated
PROFIT
Having a license
3.40
Score
Over-Operation
TradeStation
TradeStation Forex Broker - Complete Information Guide   1. Broker Overview   Tr
3.23
Score
Over-Operation
VCP Markets
2.37
Score
Unverified
Hibiki
No license plate
1.76
Score
Unverified
Tradeview
No license plate
1.83
Score
Revoked
Prospero
No license plate
1.75
Score
Over-Operation
BTIG
BTIG Forex Broker - Complete Information Guide   1. Broker Overview   BTIG, LLC,
5.68
Score
Aeron
Aeron Forex Broker - Complete Information Guide   1. Broker Overview   Aeron is
2.10
Score
Regulated
CMF
CMF Forex Broker - Comprehensive Information Guide   1. Broker Overview   China
7.88
Score
Regulated
TCR
Having a license
1.80
Score
Regulated
RLC
Having a license
6.55
Score
Offshore Regulated
SGT
Having a license
4.90
Score
Regulated
AJS
AJS Forex Broker - Comprehensive Information Guide   1. Broker Overview   AJ Int
7.20
Score
Regulated
BCR
Having a license
8.57
Score
Regulated
Plus500
Having a license
8.07
Score
Unverified
Ox Securities
2.45
Score
Regulated
BBH
Having a license
5.91
Score
Over-Operation
Swiss Capital
Swiss Capital Forex Broker - Complete Information Guide   1. Broker Overview   S
2.13
Score
Regulated
HSB
Having a license
5.76
Score
Unverified
AMP Futures
AMP Futures Broker - Complete Information Guide   1. Broker Overview   AMP Futur
2.40
Score
Regulated
Questrade
Having a license
6.70
Score
Regulated
Lloyds Bank
8.21
Score
Regulated
CommBank
Having a license
8.35
Score
Plexytrade
Plexytrade Forex Broker - Complete Information Guide   1. Broker Overview   Plex
1.94
Score
Regulated
VSTAR
Having a license
2.13
Score

Latest Reviews

CRM10X

CRM10X

Colombia

7 years of experience in testing brokers, I stick with QQ Global Group for the security it provides to clients and the speed of withdrawals. The personalized customer service is always there to help me!

Positive

2024-06-29

QQ GLOBAL GROUP Forex Broker has an overall rating of 1.75, Regulatory Index 0.00, License Index 0.00, Business Index 4.91, Software Index 7.40 Risk Control Index 0.00.
QQ GLOBAL GROUP