QuantumWins (https://www.quantumwins.com/) declares itself to be a brokerage company facilitating Forex and CFD trading, but this is where the good points stop and the negative carry on, signifying that it may not be a genuine one.
Disparagement by FSMA
The Financial Services and Markets Authority (FSMA) of Belgium has issued a warning against QuantumWins, indicating that the platform operates without proper authorization and may be involved in fraudulent activities.
New Domain Registration
Referring to quantumwins.com which was registered on May 27, 2024, hence it is relatively fresh. Though brand new, it has been falsely claimed by the platform to win awards from all over the industry since 2022, casting doubt on its legitimacy.
Absence of Fundamental Information
QuantumWins does not have sufficient transparency regarding its regulatory status and company information. As investigations show, the company is not at all registered with the Financial Sector Conduct Authority (FSCA) of South Africa even after claiming that they are licensed. Furthermore, even though its contact details refer to many phone numbers for different countries, the platform hardly has any proof of its existence inside any official business registries.
Potential investors should exercise utmost caution and avoid any dealings with QuantumWins in light of these red flags. With an unregulated platform, you face huge risks regarding the total investment loss without any legal redress.
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