Check › Broker register › QTrade
AC-506191
QTrade
⚠ Flagged on the register · High risk
We checked QTrade against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
⚑ Reported by our community & upstream sources
Named in relation to BaFin (Germany)
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report QTrade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.
Beware recovery scams. After a loss, fraudsters often return posing as “recovery agents” who guarantee your money back for an up-front fee. AskCheck is a free public checker — we don’t recover funds and we don’t guarantee funds can be recovered. Never pay anyone who promises a guaranteed recovery.