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 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.
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.
Given the absence of regulatory oversight, clients must exercise extreme caution when dealing with the Qq Global Group broker.
Qq Global Group offers a variety of trading products, catering to a wide range of market interests. The broker provides access to:
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.
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.
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.
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.
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.
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.
Qq Global Group aims to serve a global audience, although there are limitations regarding the regions it can cater to:
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.
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