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
What is Qsmov？
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).
In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.
Pros & Cons
| Pros | Cons |
| • Multiple instruments | • Suspected NFA clone |
| • Anti-money laundering policy | • No MT4/5 trading platforms |
| • Lack of transparency |
In regard to Qsmov, there are several pros and cons to consider.
On the pro side, the broker offers a variety of financial instruments, providing a good range of options for traders. Additionally, it asserts to have an anti-money laundering policy in place, adding to its credibility.
However, there are some significant concerns as well, which potential traders should be aware of. The broker is suspected of being a National Futures Association (NFA) clone, which calls its regulatory status into question. There is also no support for the widely used MetaTrader 4 or 5 trading platforms, limiting traders' tools and resources. Lastly, there seems to be a lack of transparency in its operations such as spreads/leverages/commissions etc., which could signal potential risks to clients.
Both the advantages and disadvantages of Qsmov should be carefully considered before deciding to engage with this broker.
Is Qsmov Safe or Scam？
When considering the safety of a brokerage like Qsmov or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: Qsmov operates without valid regulation, the claimed license by the broker from National Futures Association (NFA) with license number: 0557315 is suspected to be clones.
User feedback: To get a deeper understanding of the brokerage, it is suggested that traders explore reviews and feedbacks from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.
Security measures: Qsmov's strictly adhere to data protection laws and regulations to protect users' personal information. The use of advanced encryption technology is employed to secure information during transmission. In addition, rigorous Anti-Money Laundering (AML) policies and robust privacy policies are in place to safeguard user interests.
In the end, choosing whether or not to engage in trading with Qsmov is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.
Market Instruments & Services
Qsmov provides an extensive range of market instruments that spans across various asset classes.
This includes Forex, which offers trading opportunities in major, minor, and exotic currency pairs.
Commodities are also made available, offering opportunities to trade in goods such as gold, silver, oil, and agricultural products.
This broker also provides derivatives trading with Options, allowing traders to speculate on future price movements.
Finally, the broker is abreast with modern investment trends, catering to digital asset enthusiasts with the inclusion of Cryptocurrencies in its offering.
This wide range of financial instruments expands trading possibilities and caters to a diverse clientele with varied trading interests.
Besides, Qsmov also offers personalised services particularly for their advanced customers. Recognising that these high-volume traders deal with their trades with seriousness, efforts are made to provide the most beneficial trading conditions.
Trading Platforms
Qsmov offers its clients a technologically advanced, Web-based trading platform, Qsmov App, available on both iOS and Android devices.
Committed to using technology as its core, the Qsmov platform is claimed to stand out with its speed and stability. The platform continually incorporates the latest technologies and innovative products to optimize the trading system, keeping in step with market advancements. It also boasts a new dynamic chart functionality, providing real-time market analysis and decision-making support.
Customer Service
Qsmov makes customer service accessible via multiple channels by 24/7 multilingual supports. Clients can reach them through their assigned address for personalized service or through the efficient use of email for any queries.
For prompt assistance, a live chat option on their platform is available, manned by ready-to-help customer service professionals.
Address: 4950 Yonge St Suite 1006, Toronto, ON M2N 6K1 CANADA.
Email: Qsmov@Qsmov.com.
Conclusion
In conclusion, Qsmov presents itself as a globally accessible online brokerage operating from Canada, offering a diverse range of trading instruments such as Forex, Commodities, Options, Cryptocurrencies and Customized trading services for senior customers. However, potential investors should approach with caution due to alarming suspicions surrounding the legitimacy of its fake clone licenses from NFA. Such concerns cast doubt on the broker's commitment to regulatory compliance and client security.
Given these considerations, individuals are encouraged to explore alternative brokers that prioritize transparency, regulatory adherence, and professionalism.
Frequently Asked Questions (FAQs)
| Q 1: | Is Qsmov regulated？ |
| A 1: | No. The broker is suspected to hold a fake clone NFA license. |
| Q 2: | Is Qsmov a good broker for beginners？ |
| A 2: | No. It is not a good choice for beginners because of its not regulated by any recognized regulatory bodies. |
| Q 3: | Does Qsmov offer the industry leading MT4 & MT5？ |
| A 3: | No. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Rating Index
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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.
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