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Qsmov Forex Broker provides real users with * positive reviews, * neutral reviews and 3 exposure review!

Qsmov Broker Review

1.31

WikiFX monitor

Business

Influence E

License

No license

Qsmov Review 3

Latest All(3) Exposure(3)
Exposure
Broker cheated me

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that I have been harmed A total of 2,269,053.64 baht from transferring into this app, Qsmov, which cannot be withdrawn.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.

FX3750131156
2024-06-08
Exposure
I need help. I can't get my money back.

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

FX3664739715
2024-04-10
Exposure
Suspected fraud

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.

FX1020965262
2024-04-09

  

Qsmov 2025 Review: Everything You Need to Know

  Qsmov has emerged as a global brokerage firm based in Canada, offering a wide range of financial instruments, including forex, commodities, options, and cryptocurrencies. However, the overall sentiment surrounding this broker is predominantly negative, with serious concerns regarding its regulatory status and user experiences. Reports indicate potential fraudulent activities, leading to a low trust score among users.

  Note: It is crucial to understand that the regulatory landscape can vary significantly across regions, and the claims made by Qsmov regarding its licensing may not hold up under scrutiny.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 4
Trading Setup/Experience 3
Trustworthiness 1
User Experience 2
Additional Considerations N/A

  How We Rate Brokers: Our ratings are based on a comprehensive assessment of user reviews, expert opinions, and factual data regarding the broker's offerings and regulatory status.

  

Broker Overview

  Founded in 2019, Qsmov is a brokerage firm that claims to operate under the oversight of the National Futures Association (NFA) in the United States. However, the legitimacy of its claimed NFA license has been called into question, with many sources labeling it as a suspected clone. Qsmov provides a web-based trading platform, the Qsmov app, which is available on both iOS and Android devices. The broker offers a diverse array of trading instruments, including major, minor, and exotic currency pairs, as well as commodities like gold and oil, and various cryptocurrencies.

  

Detailed Section

  

Regulatory Status

  Qsmov operates without valid regulation, with the claimed NFA license (number: 0557315) suspected to be a clone. This lack of regulatory oversight raises significant red flags about the brokers credibility and the safety of client funds. According to WikiFX, the broker's low score and lack of transparency have led to warnings from various financial monitoring services.

  

Deposit/Withdrawal Currencies

  While specific information about deposit and withdrawal currencies is not disclosed, it is common for brokers in this category to support major fiat currencies and potentially cryptocurrencies. However, users have reported difficulties in withdrawing funds, which is a significant concern.

  

Minimum Deposit

  The minimum deposit required by Qsmov has not been disclosed in the available sources, which is another point of concern regarding transparency.

  

Bonuses/Promotions

  There is no mention of bonuses or promotions offered by Qsmov, which could be an indication of its focus on providing a straightforward trading experience without additional incentives.

  

Tradable Asset Classes

  Qsmov offers a variety of asset classes, including forex, commodities, options, and cryptocurrencies. This diverse offering is designed to cater to a broad range of traders, from those interested in traditional markets to those looking to engage with digital assets.

  

Costs (Spreads, Fees, Commissions)

  Specific details regarding spreads, fees, and commissions are not disclosed, which could indicate a lack of transparency. Users have expressed concerns about unexpected charges, which is a common issue with unregulated brokers.

  

Leverage

  The leverage offered by Qsmov has not been disclosed in the available information. This lack of clarity can pose risks for traders, particularly those who rely on leverage to amplify their trading positions.

  

Allowed Trading Platforms

  Qsmov provides access to its proprietary web-based trading platform and mobile app. However, it does not support popular platforms like MetaTrader 4 or MetaTrader 5, which are widely recognized in the trading community for their advanced features and user-friendly interfaces.

  

Restricted Regions

  There is no specific information regarding restricted regions, but given its unregulated status, potential clients should exercise caution, especially if they are located in jurisdictions with strict regulatory frameworks.

  

Available Customer Service Languages

  Qsmov claims to offer 24/7 multilingual support; however, user experiences suggest that the quality of customer service may not meet expectations. Reports of unresponsive support channels have been noted, which can be detrimental for users seeking assistance.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 4
Trading Setup/Experience 3
Trustworthiness 1
User Experience 2
Additional Considerations N/A

  

Detailed Breakdown

  • Account Conditions: Users have reported difficulties in accessing their funds, leading to a low score in this category.
  • Tools and Resources: The lack of support for popular trading platforms limits traders' access to essential tools.
  • Customer Service and Support: Despite claims of 24/7 support, user experiences indicate a lack of responsiveness and assistance.
  • Trading Setup/Experience: The trading experience is hindered by the broker's unregulated status and lack of transparency regarding costs.
  • Trustworthiness: With multiple reports of suspected fraud and unregulated operations, trust in Qsmov is severely lacking.
  • User Experience: Overall user experience has been marred by negative reviews concerning fund withdrawal issues and customer support.
  •   In conclusion, Qsmov presents significant risks for potential traders due to its unregulated status and the concerning feedback from users. Prospective clients are strongly encouraged to conduct thorough research and consider alternative brokers that prioritize regulatory compliance and transparency.