Broker Quanto FX provides forex and other trading services. Check first whether you believe this is a broker you wish to register with. Remember that Quanto FX has been designated as a copy broker by the FCA. This implies that even if it has a name that sounds similar to one of the brokers registered by the FCA, it is misleading its clients and posing as a trustworthy financial institution. This alone should serve as a warning.
Overview
QuantoFX is a broker that provides various trading services, including forex trading. Check into this broker first if you believe they could be the one you want to work with.
| Leverage | n/a |
| Regulation | No |
| Headquarters | UK/ USA |
| Minimum Deposit | n/a |
| Review Rating | 1/5 |
| Platform | n/a |
| Spread | n/a |
Is Quanto FX Regulated?
Officially, Quanto Global Corp, located in the Marshall Islands, is the entity in charge of Quanto Markets. However, GIM Limited, which has its headquarters in Budapest, Hungary, handles all payment processing.
The Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) do not regulate Quanto Markets, which is unfortunate because it prevents Quanto Markets from legally operating on regulated markets like those in the UK and the rest of the European Union, the US, Australia, or Japan.
Warnings From Financial Regulators
Quanto FX has been marked by the FCA as a copy broker. This implies that even if it has a name that sounds similar to one of the brokers registered by the FCA, it is misleading its clients and posing as a trustworthy financial institution. This alone should serve as a warning.
Is Quanto FX Can Be Trusted?
No, QuantoFX cannot be trusted. We already saw that this company has several problems regarding licenses and regulations. If a company is not perfectly regulated and authorized, then it is not feasible to trust this.
What kind of currency pair do they offer?
In addition to more than 50 forex trading pairs, this platform also provides CFDs on a variety of cryptocurrencies, including Bitcoin, Ethereum, Monero, Ripple, Zcash, Litecoin, Bitcoin Cash, and AICoin, as well as gold, silver, oil, several indices, and stocks.
Customer Support
Quanto FX does not provide any kind of customer support service. You cannot find any specific contact information to contact them. You will see just an email address, where you can send emails but will not get any reply. Their customer support will only contact you when they will need it.
Trading Method (MT4 or MT5)
They claim they use MetaTrader 4 platform. But, when we try to log in and use the platform, we were directly taken to the Metatrader original website where we need to download the unbranded version of MT4. That means the company is not using its own MT4 platform.
What Do Traders Think Of QuantoFX?
You should first read the reviews left by their traders before selecting any broker. If you find numerous positive reviews, go further. However, if you see the contrary, you should just turn away from them.
There is not a single positive review for QuantoFX. The majority of criticisms center on their withdrawal problems, suspicious behavior, and absurdly high leverage values.
What To Do If You Get Scammed?
You should inform to the local authority first if you get a victim of the QuantoFX scam. Then you can submit a report to us. We will evaluate the case and will provide you with a free consultation. We also give you some good references for some reputable recovery companies.
There is generally just one appropriate move you can take to reclaim your money if you have been the victim of a scam, and that is to submit a chargeback request with your credit card issuer. If you do this, you will get your money back. To your good fortune, both MasterCard and VISA have extended the amount of time—now up to 540 days—during which you will be permitted to do that.
File A Complaint Against Quanto FX & Get Free Consultation
Final Thoughts
Be careful, too, that con artists may try to take money straight from your bank account in an attempt to con you. If you have any cause to believe that you have shared the number of your credit card with them or the password to your online banking account with them, you should immediately change the password and block your credit card.
