File a Complaint against QTeck
Is QTeck a Scam Broker?
It is concerning when a broker offers trading services without a license. What is more troubling are brokers who claim to have a license that they don’t really have. Many traders may think that QTeck, which is based in the UK, is regulated by the FCA, but the Financial Conduct Authority released a warning about QTeck and said that it does not hold an FCA license. It is important always to validate broker claims, especially about licenses, before signing up.
Is QTeck a Scam or Legit Broker?
QTeck apparently does have a license, although not from the FCA but from St. Vincent and the Grenadines. This is equivalent to having no license at all since St. Vincent and the Grenadines is the third-rate broker that provides no oversight. If there is a complaint against this broker it will most likely be ignored.
Here are some problems we have discovered from our research on QTeck and reviews:
- Low-grade license
- False claims about FCA license
- No clarity about who is behind it
- Unrealistic promises
- Bad reviews
ChargeBax experts have examined QTeck and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.