QxBroker, an offshore establishment registered in St. Vincent and the Grenadines, raises immediate concerns. Adding to the uncertainty, there’s an alternate address in St. Lucia, leaving you wondering which is more disconcerting. Furthermore, the ownership is attributed to Maxbit LLC.
If you’re unfamiliar with the intricacies of binary options, this QxBroker review is your essential guide to safeguarding against potential fraudsters. Continue reading to acquire valuable insights and protect yourself from dubious dealings.
Legal Insights: QxBroker’s Credibility Questioned
It’s important to note that binary options have been banned in Europe for several years, a measure taken for valid reasons. Operating in the investment sector necessitates a proper license, which QxBroker conspicuously lacks, especially the reputable ones like FCA, BaFin, or ASIC.
Notably, this company has received warnings from Portugal’s CMVM, casting serious doubt on their credibility and their extravagant claims about trading signals and security.
QxBroker Client Base: Unmasking the Targeted Regions
While QxBroker’s website suggests a 2019 registration date, domain research on who.is indicates otherwise, pointing to 2021. Given the regulatory discrepancies, this inconsistency further fuels suspicions of dishonesty.
Regardless, QxBroker appears to primarily target traders from the following regions:
- Brazil
- India
- Bangladesh
- Pakistan
- Venezuela
Traders’ Experiences: Questioning Trustpilot Reviews
Despite seemingly positive reviews on Trustpilot, it’s essential not to be swayed by them, as they could potentially be manipulated or paid for. Surprisingly, around 90% of the 70 comments appear positive. However, we encourage you to challenge this narrative by sharing your personal experiences with this broker below or by contacting us directly for assistance with obtaining a refund.
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