Beware! QuantusHoldingsStrategies is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
We are reviewing QuantusHoldingsStrategies, a broker claiming to offer client-focused solutions, innovative capabilities and dedicated service. The entity is presented as Switzerland and UK headquartered but feels reluctant to share any information about licenses or regulations. We actually believe it’s a fraudulent business, and you can see why in the full QuantusHoldingsStrategies review.
QuantusHoldingsStrategies REGULATION AND SAFETY OF FUNDS
As QuantusHoldingsStrategies claims to be Switzerland and UK headquartered, the broker needs a license to operate in either of both countries and the EU. We researched but found nothing about it, so we can reasonably believe it could as well be a fraudulent scheme. Your funds wouldn’t be safe if you deposit with QuantusHoldingsStrategies because it’s unregulated and very likely a scam. We’ll support our view with evidence later in the review.
Avoid this entity and seethe high-rated EU brokers and British brokers on both lists, which are well-regulated and safe to deal with. The European brokers are also secured by deposit insurance funds, which significantly improve customer protection. For example, CySEC brokers’ clients can claim up to 20 000 EUR in compensation, while the British protections are of even up to 85 000 GBP.
QuantusHoldingsStrategies TRADING SOFTWARE
QuantusHoldingsStrategies claims to deliver top-notch trading software, but that’s far from the truth. Their platform is web-based, primitive and possibly fraudulent because the chart is third-party provided. In such a case, the trading panel quotes can be easily manipulated, and traders defrauded. The inferior platform and the fraud potential is an argument enough to stay away from QuantusHoldingsStrategies.
Instead, consider the MetaTrader4 brokers and MetaTrader5 brokers topping both lists. The MT platforms feature advanced trading tools such as Expert Advisors, complex indicators, and first-class charting tools, which are also very easy to use. MetaTrader also comes with a Marketplace where traders and investors can find more than 10 000 trading apps and third-party developed solutions.
The EUR/USD spread is 2 pips, which is still a tolerable Buy/Sell difference, but most of the legit brokers offer more favourable conditions. The spread is the price traders need to pay to open a position, so the lower it is, the better for traders. Follow the links provided to find adequately regulated brokers offering much better quotes difference of 1 pip and below.
The maximum possible leverage is 1:1000, a ratio that’s excessively risky for traders no matter their experience. Such a level turns trading into gambling, and traders can blow their accounts within seconds. In fact, leverage is so dangerous that many financial authorities resolved to keep its usage under control by inflicting regulations and restrictions. Consequently, EU, British and Australian brokers are bound to limit clients to 1:30 for FX majors, while the Canadian brokers and the US brokers can’t provide more than 1:50. Most of the high-leverage FX companies are poorly regulated and very likely a scam, so be cautious.
QuantusHoldingsStrategies DEPOSIT/WITHDRAW METHODS AND FEES
The minimum deposit with QuantusHoldingsStrategies is supposedly €500, which is a hefty requirement that’s around 5 times more than the regulated industry standards. However, we found plenty of conflicting information about their demands. On other web pages, they claim that the minimum is €1000, so the inconsistency shows unreliability and indicates a scam.
The funding methods also indicate a scam because it’s impossible to fund your account in a traditional way. Traders need to buy crypto and then send it to the broker, which eventually makes it impossible to get any refund whatsoever. In fact, there is seemingly a Credit/Debit card option, but it redirects to yet another crypto exchange. Bitcoin payments are final, non-refundable, and traders do not even know who’s on the other side of the transaction. Cryptocurrencies offer many advantages over traditional money, but there are many downsides, too. Scammers, for example, fancy digital coins due to the lack of governmental control and transparency, so you should always be careful where you send your Bitcoins.
While discussing deposits, see the high-rated Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have trusted payment systems. The companies topping the lists are adequately regulated, and you won’t face scammers if you choose a high-rated company.
Now we got on to the withdrawals and fees, but we found nothing about the matter. The legal documentation presented by the broker doesn’t consider any trading conditions whatsoever. That’s fishy because the regulated brokers are bound by law to disclose vital information about their services. The absence of provisions gives us even more evidence of a scam.
Overall, QuantusHoldingsStrategies is an unregulated broker, which is more than enough for you to stay away. At the same time, we found a plethora of red flags, and we reasonably believe it’s a scam scheme. You should avoid QuantusHoldingsStrategies.
HOW DOES THE SCAM WORK
Scammers are working online today. Social media and the Internet, in general, is plagued by scammers and their fraudulent offers. If you fancied an opportunity, clicked on and submitted your e-mail and contact numbers, scammers would ring you at once. They are seasoned manipulators who would promise the moon and the stars to lure people into their crooked schemes. During the phone call, you’d be offered bonuses, promotions, risk-free offers, bitcoin deals, and anything else you could possibly imagine. Scammers would claim to work with reputable firms, banks, governments, and so on while pushing you to invest with them. Those thieves lie big time and would promise you anything to gain your confidence and steal your money thereafter.
But the first deposit is just the beginning. Steadily scammers would carry on asking for more money from you no matter what. If you lost on the market, they’d persuade you to put more money and recover the losses. If you traded well, they’d convince you to put more money and increase the profits. The troubles start when you ask for a withdrawal. The scammers would do whatever it takes to discourage you and would even ask you to deposit even more funds if you want to withdraw. The scammers’ mantra is “give me your money”, they’d push you to transfer more money over and over again for no obvious reason. Urgency is a treacherous sign, so if someone forces you to invest ASAP, that’s a scam.
WHAT TO DO WHEN SCAMMED
Unfortunately, no one is safe from scams. If you get defrauded, the first thing you need to do is to protect yourself from further risk. Deactivate your card immediately, contact your bank and ask for advice.
Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!
Remember, it’s crucial not to rush blindly trying to recover your funds because fraudulent chargeback and fund recovery agencies are trying to double scam the victims. They ask for upfront payment, take the money, but won’t do anything to help you!
Last but not least, share online your experience; it’s important to inform the public about scams. Be responsible!
Rich Snippet Data