Quwiex is a forex and CFD broker that claims to offer a wide range of trading products and services. However, there is a growing body of evidence that suggests that Quwiex is a scam.
In this article, we will take a closer look at Quwiex and explain why you should avoid it. We will also discuss how to get your money back if you have already been scammed by Quwiex.
Company Overview
Quwiex claims to be a regulated broker, but this is not the case. The company is not registered with any major financial regulator, such as the Financial Conduct Authority (FCA) or the CySEC. You can only see the details of their details when you sign up. All the information was found from different online forums and reporting websites.
Team
The Quwiex website does not provide any information about its team or management. You cannot see any other pages or menus on their website. This is a red flag, as legitimate brokers are usually transparent about who they are and who is running the company.
Services and Products
Quwiex offers a variety of trading products, including forex, CFDs, and cryptocurrencies. However, the spreads and fees on these products are very high. This means that you are likely to lose money even if you make a successful trade.
License and Regulations
Quwiex claims to be regulated by the International Financial Services Commission (IFSC). However, the IFSC is a non-regulated entity that has been accused of being a “scam factory.”
In reality, Quwiex is not regulated by any legitimate financial regulator. This means that it is not subject to any rules or regulations that protect investors.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Why Dealing With An Unlicensed Broker Is Risky?
There are many reasons why you should avoid dealing with an unlicensed broker. Here are a few of the risks:
- You may not be able to withdraw your money.
- You may be exposed to fraud or other illegal activities.
- You may not have any recourse if something goes wrong.
Legal Warning Against Quwiex
The Financial Conduct Authority (FCA) has issued a warning against Quwiex, stating that the company is not authorized to provide financial services in the UK.
The FCA warning also states that Quwiex is likely to be a scam and that investors should avoid dealing with it.
Client Feedback
There are a number of negative reviews about Quwiex online. Some clients have complained that they have been unable to withdraw their funds from the platform. Others have complained that the customer service is poor and that the platform is not user-friendly.
Feedback About Their Trading
The trading platform offered by Quwiex is not very transparent. There is no information about the spreads or commissions charged by the platform. Additionally, the platform does not offer any trading tools or educational resources.
Feedback About Their Customer Service
The customer service offered by Quwiex is poor. There is no way to contact the company by phone or live chat. The only way to contact the company is by email, and there is no guarantee that you will receive a response.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have already been scammed by Quwiex, there are a few things you can do:
- Contact the company and demand your money back.
- File a complaint with the Financial Conduct Authority (FCA) or other relevant financial regulator.
- Take legal action against the company.
Reviews Advice can also help you get your money back. We have a team of experts who can provide you with a free consultation where they will guide you through the process and also will provide you the recovery service recommendations to help you in fund recovery.
Final Thought
Quwiex is a scam broker that should be avoided. If you are considering trading with Quwiex, please do your research first and be aware of the risks involved.
If you have already been scammed by Quwiex, please contact Reviews Advice for help. We can help you investigate the scam and recover your funds.
