Investors must exercise caution before investing their hard-earned money on any platform in the rapidly changing world of online trading due to the emergence of unregulated brokers. QuesthX is one name that has attracted a lot of attention lately. In this comprehensive QuesthX review, we will examine why this platform is raising concerns in the trading community and any potential red flags that investors should be aware of.
Basic Details for QuesthX
Website: www.questhx.com
Website Availability: YES
Official Address: Esplanade de Pont-Rouge 6, 1212 Grand-Lancy
Regulation: Unregulated
Warned By: Swiss Financial Market Supervisory Authority (Switzerland)
Domain Status:
What is QuesthX?
The website https://www.questhx.com/ advertises itself as an online trading platform that gives investors access to a range of markets, such as stocks, commodities, cryptocurrencies, Forex, and equities. The platform markets itself as an easy-to-use broker that offers substantial profit potential, particularly for novice traders. Like several unlicensed brokers, QuesthX entices clients by offering substantial profits on modest deposits.
Although QuesthX appears to be a reputable broker at first look, more research shows several concerning problems, including a lack of regulation and an increase in investor complaints. Furthermore, there are severe doubts regarding the company’s validity due to the lack of important details on its leadership, background, and license.
FINMA Warned Against QuesthX
The Swiss Financial Market Supervisory Authority (FINMA) has issued a formal warning, which is one of the biggest alerts surrounding QuesthX. The main regulatory authority in Switzerland that keeps an eye on financial institutions and guards against fraudulent schemes for investors is called FINMA. They have QuesthX classified as an unauthorized entity on their website and advise investors to avoid it.
For anyone thinking about using this platform for business, FINMA’s warning is a serious cause for concern. Due to its inclusion on FINMA’s warning list, QuesthX is not compliant with regulatory requirements and is not authorized to conduct business inside the Swiss financial markets. Due to the lack of regulation, there are no consumer protection in place, which makes it extremely difficult to get your money back if you lose money on the platform.
QuesthX Review – Conclusion
Based on many factors explained above we have finally concluded that QuesthX is a fraudulent broker. Do extensive research on any site before investing.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to QuesthX fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from QuesthX.
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Note: The QuesthX review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring QuesthX company.