Reported Website: https://qtrade.de/
QTrade is not a reliable broker for traders even though it states offers that look good to be true. QTrade claims to be supervised by the Federal Financial Supervisory Authority (BaFin) under the BaFin ID number: 136084. We do find a match result to QTrade in BaFin. However, as per the details shown on the BaFin, QTrade is not authorized to provide forex investment services. That means QTrade is not under valid regulation to do forex by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
