Qsmov foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.qsmov.com/register, about the company's legal and temporary regulatory information, the company's address 4950 Yonge St Suite 1006, Toronto, ON M2N 6K1 CANADA.
Qsmov Forex Broker
Basic Information
Canada
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Qsmov Forex Broker - Complete Information Guide
1. Broker Overview
Qsmov, established in 2019, is a global brokerage firm headquartered in Toronto, Canada. The company operates as a privately held entity and offers a diverse range of financial services to clients worldwide, including retail and institutional investors. The primary markets served by Qsmov include Forex trading, commodities, options, and cryptocurrencies, catering to a broad clientele with varied trading interests.
Since its inception, Qsmov has focused on leveraging technology to enhance trading experiences. The broker aims to provide advanced trading solutions, integrating modern technologies and innovative products to optimize its trading systems. This commitment to technological advancement has positioned Qsmov as a notable player in the online trading landscape.
The company's business model includes retail Forex trading, which allows individual traders to access global financial markets. Additionally, Qsmov offers services tailored to institutional clients, such as customized trading solutions and market analysis. The firm's goal is to empower traders with the tools and resources necessary to navigate the complexities of the financial markets effectively.
2. Regulatory and Compliance Information
Qsmov operates under a suspicious regulatory framework, as it currently lacks valid regulation. The broker claims to have a license from the National Futures Association (NFA), with the license number 0557315. However, this license is suspected to be a clone, raising significant concerns about the broker's credibility and legitimacy.
Due to its unregulated status, Qsmov does not offer the protections typically associated with regulated brokers, such as client fund segregation and participation in investor compensation schemes. The broker asserts compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, aiming to safeguard clients' personal information and prevent fraudulent activities. However, the lack of oversight from recognized regulatory bodies poses a substantial risk to potential investors.
Clients should be aware that trading with an unregulated broker like Qsmov may expose them to higher risks. It is essential for traders to conduct thorough research and consider the implications of engaging with a broker that operates under such dubious conditions.
3. Trading Products and Services
Qsmov offers a wide array of trading products, catering to diverse trading preferences. The broker provides access to Forex trading, which includes a variety of currency pairs, ranging from major to minor and exotic pairs. This extensive selection enables traders to capitalize on global currency fluctuations.
In addition to Forex, Qsmov offers Contract for Differences (CFDs) across various asset classes, including:
- Indices: Major global indices, providing exposure to stock market movements.
- Commodities: Trading opportunities in essential commodities such as gold, silver, oil, and agricultural products.
- Stocks: A selection of shares from leading companies across different sectors.
- Cryptocurrencies: Access to popular digital assets, catering to the growing interest in cryptocurrency trading.
The broker is committed to regularly updating its product offerings to align with market trends and client demands. This adaptability allows Qsmov to remain competitive and responsive to the evolving financial landscape.
Qsmov also provides retail trading services, enabling individual traders to engage in various financial markets. The firm emphasizes personalized service for institutional clients, recognizing their unique trading needs and delivering tailored solutions.
4. Trading Platforms and Technology
Qsmov offers a technologically advanced web-based trading platform, known as the Qsmov app, which is available on both iOS and Android devices. The platform is designed to provide users with a seamless trading experience, characterized by speed and stability.
While Qsmov does not support the widely used MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms, it claims to incorporate the latest technologies and innovative features into its proprietary platform. This includes dynamic chart functionality for real-time market analysis and decision-making support.
The broker's trading platform is equipped to facilitate various execution models, including Electronic Communication Network (ECN) and Straight Through Processing (STP), ensuring efficient order execution. Qsmov's technological infrastructure is designed to support automated trading and API access, allowing traders to implement advanced trading strategies.
5. Account Types and Trading Conditions
Qsmov provides several account types to accommodate different trading preferences and experience levels. The key account features include:
- Standard Account: Basic trading conditions with a minimum deposit requirement, but specific details regarding spreads and commissions are not disclosed.
- Advanced Accounts: Options for professional traders, including VIP accounts that may offer enhanced trading conditions.
- Islamic Accounts: Available for clients seeking Sharia-compliant trading solutions.
- Demo Accounts: While specific policies regarding demo accounts are not disclosed, they typically provide a risk-free environment for traders to practice.
The broker offers a range of leverage options, although specific leverage ratios for different products are not clearly defined. Traders should be aware of the minimum trade sizes and overnight fees associated with their accounts, as these details are crucial for effective risk management.
6. Fund Management
Qsmov supports various deposit methods, including bank transfers, credit cards, and e-wallets, providing clients with flexibility in funding their accounts. The minimum deposit requirements vary by account type, although specific figures are not disclosed.
Deposit processing times are generally prompt, with most transactions being completed within a few business days. However, potential clients should be aware of any associated deposit fees, which may vary depending on the chosen payment method.
Withdrawals are facilitated through similar methods, with specific withdrawal limits and processing times not explicitly stated. Clients should also review the withdrawal fee structure, as this can impact their overall trading profitability.
7. Customer Support and Educational Resources
Qsmov emphasizes customer support, offering multiple channels for clients to reach out for assistance. Support options include:
- Email: Clients can contact support via email for inquiries and assistance.
- Live Chat: An online chat feature is available on the platform, providing immediate support.
- Phone Support: Clients may also reach out via phone, though specific numbers are not provided.
Customer support is available 24/7, with multilingual support to cater to a diverse client base. Qsmov also provides educational resources, including webinars, tutorials, and market analysis services to help traders enhance their skills and knowledge.
8. Regional Coverage and Restrictions
Qsmov primarily serves clients in Canada and other global markets, though specific regional offices are not detailed. However, the broker does impose restrictions on clients from certain countries, which may include regions with regulatory limitations or those that do not meet the broker's criteria.
It is essential for prospective clients to verify whether their country of residence is accepted by Qsmov before attempting to open an account. The broker's operational policies may also be subject to changes based on evolving regulatory landscapes.
In conclusion, while Qsmov presents itself as a comprehensive trading platform with a diverse range of financial instruments and technological capabilities, potential clients should exercise caution due to its unregulated status and the associated risks. As with any investment decision, thorough research and consideration of personal risk tolerance are vital before engaging with Qsmov broker.
Qsmov Similar Brokers
Latest Reviews
FX3664739715
Brazil
I opened an account with the company called xpoken and my manager is named Davi Campos and I invested 100 dollars I started investing in gold and after a month I invested another 2000 thousand dollars and started investing in gold and the s&p 500 and started earning a nice amount, then the manager told me to invest more to have a share in the company called Google, I told him that I didn't have the money for that and he gave me the idea of lending the money from the bank, I have a bank account at Itaú bank, I went there to talk with the Itaú manager to see if I could get the loan and they asked me to wait 5 days to see if I could. Then Davi Campos said he was going to give me a credit of 8,000 thousand dollars until the money came out at the Itaú bank, but he didn't tell me that the amount of 2,000 thousand dollars would be sought if I didn't pay this credit of 8,000 thousand dollars. within 5 days the money from Itaú bank, the loan didn't work out and the xpoken credit was already in my investment account and I was already making an investment in the other gold s&p 500 nasdarq and daw Jones and a Google share which on the same day I had a income from Google of 800 dollars and the others had the same movement as they did every day. Then, as the loan from Itaú bank didn't go out, he said that my account would be blocked for any type of withdrawal and if I don't pay, they will take everything my 2000 thousand dollars to pay off the amount of credit that Davi Campos had put me on my account he gave me until April 5th to pay and I couldn't get this money of 8.000 thousand dollars and I asked to cancel the contract I had made of credit of 8,000 thousand dollars and he said that if I canceled the contract I would lose everything but he didn't tell me that this contract was like that because he wanted to do the deal so quickly that I didn't realize that I was falling into a trap, I don't know if That's what happened, but I told Davi Campos to cancel the contract and said I wouldn't give the
Exposure
2024-04-10
FX1020965262
Vietnam
Hello. I am using Qsmov trading platform. My account already has 110,990.92 usdt. I made a withdrawal order of 100,000usdt via VT channel on March 28, 2024 to okx's address and the system reported an error because the account had not been upgraded, they asked me deposit another 46,680usdt to prove the account can receive. I did not do it. I asked them to switch to the bank card withdrawal channel. They refused. After many refusals, they announced a freeze. My account. Now they send me an email informing me that I must deposit at least 1000usd to withdraw money. I suspect this is a scam system. Because all my information they verified correctly. I hope to receive assistance in withdrawing money.
Exposure
2024-04-09
Qsmov
News
Exposure IS Qsmov a decent broker or scam?
Qsmov, a global brokerage firm based in Canada, offers an extensive array of financial instruments including Forex, Commodities, Options, and Cryptocurrencies. Nevertheless, there are serious concerns about its credibility and legitimacy due to its operation under suspicious conditions, hinting at a clone regulation of the National Futures Association (NFA).
FX3750131156
Thailand
Property/money that I have been harmed A total of 2,269,053.64 baht from transferring into this app, Qsmov, which cannot be withdrawn. And in the end the app blocked me and ejected me from the system. It cheated me.
Exposure
2024-06-08