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Quanta Trade Review – Signs That Quanta.Trade Is a Scam

Quanta Trade Review

At first sight, Quanta Trade broker seems entirely legitimate. The firm has a reputable owner, there’s a registration number leading to the actual register, and there’s a statement that the firm is regulated. This all sounds nice until you start researching more.

Read this detailed Quanta Trade review and find all the relevant information about the broker.

Moreover, you can increase your trading knowledge by reading our NolxwebTop Trade 500X and Universal Wealth Group unbiased reviews. Without a doubt, your funds are in danger!

Broker Status:Unregulated Scam Broker
Broker Regulation:Unlicensed Forex Provider / No Regulation
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:N/A
Broker Owner:N/A
Headquarters Country:US (allegedly)
Foundation Year:2022
Trading Platforms:WebTrader
Mobile Trading:Not Available
Minimum Deposit:N/A
Deposit Bonus:Up to 150%
Crypto Trading:Available – BTC, ETH, XRP – total 15
CFD Trading:Yes, you can trade CFDs
Trading Instruments:Forex, commodities, indices, shares, cryptocurrencies
Maximum Leverage:1:500
Islamic Account:Not Available
Demo Account:No, only live trading accounts
Accepts US Clients:US traders are accepted
Global Fraud Protection Team:Don’t Invest in This Scam Broker!

Is Quanta Trade a Scam Forex Provider?

Quanta Trade Forex broker claims to be owned by Quanta Asset Management Limited, with registration number 04384301. However, upon checking this firm in the UK’s register of companies, we discovered that the nature of business is classified as “other professional, scientific and technical activities not elsewhere classified.” As you can tell, there is no mention of financial services or Forex and CFD trading. Thus, we have to ask, what about Quanta Trade regulation?

Upon checking registers of the UK FCA, but also other major license providers, such as ASIC, BaFin, CONSOB, CNMV, and more, we confirmed that the broker Quanta Trade is not a legitimate investment firm. Investing in your funds with such is high risk.

Quanta Trade is not a legitimate brokerage. The brand is a clone firm of actual UK-based company providing professional, scientific, and technical activities. The consumer index is low, indicating you should not trust the firm.

False Trade License Claims – This is 100% Scammer

The broker claims in the page’s footer to be regulated and registered. Since we already elaborated on the registration issue and confirmed that the Quanta Trade broker is not related to Quanta Asset Management Limited, we checked the FCA register.

As expected, the broker is nowhere to be found. If you don’t see a regulation number added to the regulation claims, the firm is most likely not legitimate. Authorized businesses have no issues providing all the information to their customers.

Where Do Quanta Trade Scam Victims Live?

According to Quanta Trade reviews and complaints, the firm is mainly active in:

  • Canada
  • Brazil
  • Germany
  • US
  • Belgium
  • Poland

The Quanta Trade trading scam has been active since April 2022 and is widespread. If you see the name of this broker in any ad, just skip it. This is for your own safety.

Quanta Trade Support – Luring You Into a Scam

Scheme brokers ought to have a good support team. Their main task is to persuade you that everything you read on the website is accurate and convince you to invest immediately. Otherwise, you would have time to check the details and find reviews such as this one, exposing the truth. 

Once you’re convinced and made an initial deposit, Quanta Support account managers will start pressuring you to invest more. They will come up with all the different financial plans and ideas for your savings account and promise you anything you want. In the end, their goal is to dissuade you from withdrawals, and if the sweet talk doesn’t work, they will simply block your access to your trading account and funds.

Quanta Trade Login Problems – One Of The Signs Of A Scam

Lately, customers have been reporting Quanta Trade login issues. If you try to access the platform or your account, you will see an error stating “Parameter validation error.” This is a big sign of a scam. Usually, scheme brokers will extort the funds, ban clients’ access to a trading account, and eventually vanish before being blacklisted by any authority body. However, they always come back. It may be under a new domain or trading name, but you will recognize the same fraudulent pattern.

If you experience any kind of login issues and this problem lasts for more than a couple of hours, you must act quickly. Let us know, and let’s recover your funds from the platform before the broker disappears.

Quanta Trade Web Terminal – Trading Software

Quanta Trade trading platform is a basic WebTrader. Due to a validation error, we were unable to access it. Thus, we can only repeat what we see on the website – it’s a multi-asset institutional platform described as “intuitive & powerful, anywhere, anytime.” We cannot comment any further without seeing what you can get.

Trading Terminal for Desktops

Quanta Trade Trading Platform Interface

Besides the WebTrader, the broker offers the same platform as a desktop app. You can download the platform for PC or macOS and install it directly on your device. Yet, upon doing so, we faced the same login issue. 

Note that trading conditions with this firm are unregulated, starting with a fixed leverage of 1:500. The UK regulator has a strict limit of 1:30 for the Forex market, and even lower for other assets. This clearly indicates that your funds are at risk no matter what platform you’re given.

What Can I Trade With the Quanta Trade Broker?

The firm offers access to all major markets, including here:

  • Commodities – gold, platinum, corn
  • Indices – Dow Jones, NASDAQ, FTSE100
  • Shares – Amazon, Google, Apple
  • Cryptocurrencies – BTC, LTC, ETH

Note that this is only website information. It cannot be verified due to platform login issue.

In addition to the above, you should avoid scam fx providers such as VeloCityTradeFXNFT FX or BitTrust. Because you may have withdrawal problems!

Overview of Trading Accounts – What Do They Offer?

Quanta Trade Trading Accounts

Despite our belief that you should not go for any offer from this firm, here’s an overview of Quanta Trade account types. They are:

  • Basic
  • Advanced
  • Expert
  • Master

As you see, we could not list Quanta Trade’s minimum deposit for any of them since the broker described it as “custom.” It usually means that their employees will evaluate your financial situation and decide how much you can afford to invest. From all we saw, there are no differences between these accounts since each has the same perks.

Can I Trade With Quanta Trade For Free?

The broker never mentioned access to a free account. Since we were having login issues, we were unable to get an overview of the platform. All this led us to believe that the Quanta Trade Demo account is not enabled.

Simply put, you will have to invest an unspecified amount of money and only then potentially access the trading software. Of course, if there are no parameter errors.

How Do I Withdraw Money From Quanta Trade?

The broker doesn’t have a Withdrawal Policy, so we’re pretty unsure about the procedure. The clause states, “You must pay for your order before it is delivered, and you can do so by debit or credit card.” Based on this, we believe that the only accepted payment method is a credit/debit card. However, without an actual confirmation, we’re unable to precise this.

The lack of basic Quanta Trade withdrawal information indicates that this firm has no intentions of giving you your money back.

I Lost Money With a Quanta Trade Scam, What to Do?

If you or someone close to you ends up a victim of the Quanta Trade scam, contact us right away. Our specialists have ways of assisting online fraud victims to recover stolen funds.

Global Fraud Protection can help you file for a chargeback, but only if you act now. The process is time-limited and we want to prepare the case as best as possible. Contact us via online chat immediately to book your free consultation, and let’s start.

All In All, Don’t Let the Scammers Get Away for Free!

FAQ Section:

What Is Quanta Trade, and Should I Invest Money In It?

Quanta Trade is an unregulated online trading brokerage. The firm is not legit, and you shouldn’t invest in it. However, if you are already scammed, don’t hesitate to contact us for assistance.

Does Quanta Trade Offer a Demo Account?

Quanta Trade doesn’t offer a Demo account, and there’s a login issue with accessing the platform.

What Is Quanta Trade Minimum Deposit?

Quanta Trade has never specified its minimum deposit requirements. Instead, we see that every account has “custom” deposits.

Can I Trade Cryptos and CFDs With the Quanta Trade Broker?

You can trade crypto and CFDs with this trading firm, but we don’t recommend it.

Does Quanta Trade Have a Mobile Trading App?

No, Quanta Trade doesn’t have a mobile app, only a desktop app that’s out of service.