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Abstract:QFX is gaining attention for all the wrong reasons - the scams, withdrawal denials, account blocks, and more. These issues have made life extremely difficult for both experienced and novice traders at the UK-based forex broker. Read this story where we have exposed QFX.
QFX is gaining attention for all the wrong reasons - the scams, withdrawal denials, account blocks, and more. These issues have made life extremely difficult for both experienced and novice traders at the UK-based forex broker. With poor customer service, the financial misery only worsens for investors with time. The lack of operational transparency has been a key issue strangling its investors. Lets focus on the key issues investors face at QFX.
QFX often blocks investors trading accounts and denies them access. This practice has become increasingly common. This is despite investors having a significant sum lying in the account. Check out what the investor has written for QFX.
It takes a lot from investors to earn profits on forex trading. Reading price charts, patterns, GDP and employment numbers, taking a trade call on the currency pair, and making profits are part of a long and hard process. However, when one is denied the right to withdraw, their frustration makes sense! Here is one investor who made some profits but was not allowed to withdraw even the first deposit amount.
Getting denied for withdrawals once hurts! Here are instances of three withdrawal denials. Imagine the plight of the investor having faced three withdrawal denials by QFX. The investor has, understandably, marked it as a scam broker. Lets review the investor's words.
QFX has been in the forex business landscape for more than two years. Despite that, it has failed to procure a valid license from the competent regulatory authority for forex business. This makes it suspicious for both experienced and new investors eyeing a smooth and rewarding journey with QFX. With no need to disclose operational information as regulated brokers do, QFX is able to dupe investors with its illegitimate operations.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.