Qteck review – 5 things you should know about qteck.io

Qteck review – 5 things you should know about qteck.io

Beware! Qteck is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

Qteck is one of those brokers that can easily fool you if your are not looking close enough. The leverage offered here is 1:200, and the EUR/USD spread is 4.5 pips which immediately conveys a message of uncertainty. Be sure to read the review before depositing.

QTECK REGULATION AND SAFETY OF FUNDS

The footer of the website reveals that the parent company of the broker, Global Software Solutions, is said to be located on the small island nation of St. Vincent and the Grenadines, which is the ideal location for illicit brokers, since the country does not regulates the forex market. This means that any would-be broker can register there without issue and start offering shady trading services, while twisting the rules, much like Qteck has done. It’s obvious then, that St. Vincent and the Grenadines does not regulate the forex market, meaning that any registered broker inside of the nation is not licensed.

Furthermore, in the Terms and Conditions there is a contradicting piece of information that locates the broker in the Marshll Islands. Users should be aware that this location is known for its affiliation with suspicious brokers, most of which offer shady trading trading conditions. The crucial thing to note here is that the Marshall Islands have no financial regulator.

All this information, plus the fact that the broker does not at all reveal that it is in fact regulated means one thing: Qteck is an UNREGULATED brokerge firm, making it a risk to deposit in it!

Traders should be trading with risk-free brokers, that hold licensed from renowned and austere agencies, like the FCA or CySec , which have made a name for themselves as some of the top regulators. Readers should be aware that both agencies have adapted very strict rules of conduct, and their licensing framework guarantees safety and security for all clientele. A good example of this is the segregation of accounts which assures that client money and broker money are kept in separate accounts. Furthermore, FCA/CySEC brokers participate in a financial reimbursement scheme that cover traders losses in case the broker becomes insolvent. The FCA provides up to 85 000 pounds per person, while CySEC guarantees up to 20 000 euros.

QTECK TARDING SOFTWARE

The trading terminal is the most common type of illicit broker trading platform there is. There are some convenient trading conditions including some chart customization, and a decent amount of assets, but that’s basically it. At its current state we cannot recommend this one at all. Best stick to the MT4.

QTECK DEPOSIT/WITHDRAW METHODS AND FEES

According to the client portal the sole way to deposit funds is by means of Credit/Debit Cards and by phone. The minimum deposit is $200.

Once we registered, we were not given the option to withdrawal. In other words, we could not find a withdrawal button anywhere. This measn that users probably do not have the option to withdrawal.

There are mentions in nsome of the legal documents about fees and charges connected to payment, but the broker does not revel any specific sums. It’s common that unlicensed brokers hide their fees from clients.

We strongly advice traders to only deposit the minimum deposit, or better yet – not deposit at all! As for the withdrawals, scammers are known to either deny such requests, or impose incoming and unexpected charges.

How does the scam work?

Users will be in the middle of a scam without even knowing it, that’s how efficient these scams are. Yet, clients will also be surprised that the most utilized scammer structure is laughably easy to grasp, making it predictable. We have dedicated the following section to the reveal of how the scam works.

The internet is filled with ads, it’s the fuel of the industry, and a big chunk of said advertisements are misleading and some are downright deceitful. The ads concerned with unregulated forex brokers are often very promising, and most of the times utilize completely false claims of immediate profit. Those tempted enough will be redirected to a robo-scam website that further guarantees profits. The only thing that separates the user from the unrealistic promises is a fast registration process that requires a phone number and an email address. After inputting this info unsuspecting users will start getting phone calls from illicit broker representatives, whose one and only job is to initialize the scheme by pushing a trader to make that first deposit of around $250. After that’s done, the senior representatives will be calling. These expert scammers are extremely good talkers, and will start working on you to start putting even more money in. They say that the more money invested, the higher the profit will be. At this point most traders start seeing the big picture, and will want to withdrawal their money and get out fast.

However, the scammers have anticipated this development, and are ready to counter any withdrawal request. Typically they find excuses for delaying the request in the legal documents that hold specific clauses for these purposes. The reasons are many. One thing to remember is that all illicit brokerage firms will deny the withdrawal request for as long as they can, because of the imposed time limit traders have for filling a chargeback. Once the crucial due date is not met, any chargeback requests will be denied.

What to do if scammed?

Those of you who deposited using VISA and MasterCard wil be glad to know that both companies have extended their chargeback time span to 540 days, especially if the reason for it is an online scam.

Scammers will steal directly from a bank account, if the traders has provided crucial details, like banking password or security code. If it get down to this, be sure to either block the account or change the password.

Sometime victimized users will stumble upon the so called recovery agents that promises to magically reclaim all lost investments, for a fee that is. Needless to say, they will not get back any of the lost funds, and will basically scam you a second time.

Rich Snippet Data
Review Date
Reviewed Broker
Qteck
Broker Rating
11stargraygraygraygray

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10 Comments

  1. This qteck company isn’t legit the senior manager named Bella wolf just seemed professional and legit but she’s not because I made a minimum investment of $200 but now she wants me to make another investment because the risk of me losing the money is too high and I should make another deposit of $1000 to start making huge profits and then my money wouldn’t be at risk to lose it all. But this is real bad the company can’t be trusted it’s not legit and I can’t even open my account and start trading so I lost all that money just like that.

  2. This is a bullshit company, person named Adams who claimed to be my account maneger, didnt want to answer my questions and the same thing happen they requested me to make another deposit and i refused, now when i whithdraw my money the refuse to send it back, their support team centre sent an email that mywhithdrawal request hasbeen received i will be called or my manager will contact me regarding the withdrawal, but naaaaa still today and i kept asking and ccallimng them requesting my funds he said they will get back to me …guys how do you work with such devil in your heart howm mny people who are crying becouse of you, an teling you this company will reap what they saw.

  3. Good day
    Same thing as above has happened to me.
    The account manager even did a trade and we made money how ever I cannot withdraw anything. Is there a way to do the withdrawal or a charge back.
    Thank you

  4. Jermaine brown

    What the fuck I put 250 in and this bitch Bella wolf will not give me back my money she says she want me to put 1000 pounds more how could there have evil heart calmer is bitch she get her come up

  5. I have put 200 Euro without after just 2-3 days they were all gone.
    no one knows where they got her. no explanation, anything. It’s all gone. All my money without any justification is gone. they are cheaters

  6. If you are considering to invest money with Qteck then PLEASE DO NOT!
    If you are already investing with them then STOP depositing and WITHDRAW all your “available fund” to find out immediately!
    Yes! Qteck is professional scammers! They setup a trap to trick and steal money from people who are crave to make a lot of money fast like me. They convinced me to make half of million US dollars in few months by trading with “special contracts” and they used AnyDesk software to remote into my laptop and steal all money from my bank accounts including my loans from family and friends! USD140,000, yes 140 thousand US dollars just in few week time!

    The scammers from both Qteck and inVcenter are Sylviya, Ross Mathew and David Morgan. At start, Sylviya Core asked me to install AnyDesk software so they can easily access to my laptop and “show/guide” me through how their trading platform which is a fake trading system, they can add as much as “Bonus” and totally control how much your profit is. My first few deposits were from my credit card via Jubiter website. Then Ross Mathew “suggested” me to do bank transfer, I was convinced to be able to make half of million dollars in few months so I were blindly letting them to use AnyDesk to transfer my money to their bank accounts several times! Because I have transfer limit of 30,000 per day otherwise they could have stolen 140,000 just in one go!

    Soon Ross Mathew passed me to David Morgan, his “higher level” who “trained” him many years helped him making a lot of money. Ross Mathew showed me his trading account of 5 million dollars in AnyDesk… Off course it is a fake account, he tricked me to believe that he is successful in trading and helping me to do the same!

    David Morgan (from inVcenter) is a lot better than Ross Mathew and Sylviya Core (from Qteck), he spent hours on phone to convince me that he had been in trading for few decades and somehow managed to buy some “special contracts” to be executed urgently to double up the trading buy/sell etc. He forced me to buy these contracts to make half of million dollars in few months. David (with helping hand of Ross) used AnyDesk to keep transferring my money to their banks. The worst thing is they made me to sign the Declaration of Deposit and Transfer forms every time they took money out of my bank account. Sylviya Core emailed me these forms which has paragraph as “I renounce any claims and/or complaints (including transaction chargeback or dispute) against the merchant or any related billing/processing partner.” Hence makes these scammers become legal thieves!

    As I borrowed some money from my family and friends, I really needed to pay back them urgently to keep my promise therefore I requested Ross Mathew to withdraw the “available fund” from my trading account… Ross Mathew found many excuses to process my withdrawal and “passed” me to David Morgan who then trying to convince me to pay 20,000 US TAX in order for him to “release” all my deposited money 140,000 US plus “profit” in total of 327,000 US (getting closed to half of million dollars!) that David Morgan “helped” me buying and “executing” his “special contracts”… If I had more money David would steal all from my bank accounts in front of my eyes!

    I started reading closely all the bad reviews about QTECK and INVCENTER… I am amazing that these scammers have stolen maybe million dollars from many victims since a long time ago and now still stealing again and again without getting caught? many people will lose a lot of money!

    1. Let us all who lost money go to an address in London.
      A phone where he called with has an adress I believe, so we all can go to that address and teach him a lesson !!

      1. Hello Jhon,

        I am in the same boat. Can you tell me who you dealt with in the UK??

        And we exchange facts

        Thanks

  7. This is my story, in which I am addressing each person that phoned me, directly. They will probably laugh all the way, if ever they read this. I had to write it down. It doesnt differ from the stories I read in your reviews. I am so sad, angry, disappointed, freightened, scandilized, as you all are. Is there really nothing to do, nobody there who knows how to get them caught? I lost 1200€ !

    AMAZING…

    What happened :
    On 27th of May at 9 AM I clicked, by pure curiosity, on a ‘cookie’ (or was it an adv.?) on an issue that concerned making money. I was entered in the website of Qteck. I had never heard about this company, or of any company dealing with investments, cause never been interested. That morning I must have been hit by a temporary insanity : I registered myself ! Against my better judgement. Too early in the morning? Too much corona quarantine ?

    From that moment: a maelstrom of phones, mails, a barrage of words, argumenting vocabulary… in English. A language which I do master, but had not spoken nor heard since over 30 years. Moreover, you hear 4 people speaking in English and you hear 4 versions of English, with each time a different vocabulary for the same thing.

    Not more than a minute after me registering (hence, no time to reflect nor check), I got a phone call from London: first Alice, then Victoria. Their female voices resonated, blared through the phone. I could hardly understand what they were saying, They had to repeat several times. I understood that I would be forwarded to ‘Philip’, who would explain the ropes.

    To Philip :
    You spoke to me, in a vocabulary, investment related, which I am not familiar with. You started by assuring me that I could quit at any time. You talked to me in an incredible speed, your voice was sort of racing through the phone. Your speech was overwhelming, the way you entered in my computer was terryfying. When I gave any comment that did not suit you, you cut me of instantly with another of your arguments.
    Amazingly trained in lacking empathy. You get turned on your own words, don’t you. Admirable.

    Did you realise that your speech came across as manipulating? I felt myself forcing to do things I did not really wanted to do. You made me feel like a puppet on a string. You tried to convince me to make, apart from the starting deposit of 200€, an extra deposit of 2000€. Amazing ! Though I was terrified with the way things went out of my control, I agreed to deposit 1000€. I repeat, I must have been hit by a temporary insanity !
    At 12,30, not less than 3 hours of your speech later(!?), I was totally fed up. Your speech had given me a hell of a migraine. I needed a break. I needed to walk the dog and have lunch. But you wouldn’t listen, you would’t give up.
    Amazingly trained in manipulating. You get turned on yourself manipulating, don’t you. Admirable.

    You insisted on me sending you immediately personal documents to verify my account, a proof of ID, residence, utility bill, bank statement… I said I would do so, but in the afternoon. You finally, unwillingly, hung up.

    It is this pushing behaviour that made me change my mind. It had become clear to me that I had made a misjudgment and had to undo this registration. The perspective of having to listen to more of this kind of speeches made me realise that I did not want to spent my time nor my energy on this.

    The day after, at 8 in the morning (!?) I was called by a female voice, I forgot her name. I was not amused with this early call. I felt panicky with the whole situation, with the reality of having lost almost the complete amount of my monthly pension ! The woman insisted in me sending the personal documents. I informed her that I had decided to quit. She said that the condition to recover my deposit of 1200€ was sending the personal documents. So I send the documents that same day.

    To James
    You phoned me a few days later. Your speech was kind of ‘aimable’ untill I confirmed that I wanted to quit. The lecture that you launched on me next, in order to make me change my mind came across as very harassing. As with Philip I felt myself forcing to do things I did not really wanted to do. Moreover, you apparently thought that you had to be aggressive. Amazingly trained in being unethical. You get turned on your own words, don’t you. Admirable.

    I repeated over and over again that I wanted to quit. Why could you not accept that ? As I wrote before, I was told from the beginning that I would be free to quit whenever I wanted. But you continued and arguyed and asked for the reason why I wanted to quit. You assumed that the reason was because of negative reviews. You suddenly made appear these reviews on my computer (amazing !): “Victoria’ was to blame”, you said. “Not me.” “So why are you bullshitting me??” , you asked. You didn’t give me a chance to answer.
    Amazingly trained in being inappropriate, in being rude. But you give a shit, don’t you. Admirable.

    You asked me, with no allusion to whatever, for my ‘account’. Don’t you guys know that no word has a wider range of application than the word ‘account’ ? Which account did you mean? Then, without any warning, you took over the control of my computer and entered in my bank account. You said that if I wanted my deposit back, you needed a bank statement. What is a bank statement? I could not look for a translation, I had no control on my computer. You made me log in. Did you enjoy the frightening and panicky feeling you caused? Of course you did. You get turned on this, don’t you.
    After minutes of other misunderstandings, you became unpatient and really rude : ‘will you hurry up! I don’t have the whole day ‘. I was perplexed. You hang up.
    Amazingly trained in lacking empathy. But you give a shit, don’t you. Admirable.

    The next day in the morning, I sent the bank statement. Later on I was called by a female voice. She said she was Cathy or Catherine?

    To Cathy
    You also gave me a lecture. You were as talented in your inappropriate speech as your male colleagues. Even better (?) : your words had the nuance of being humiliating, degrading, presumptious, shabby . You stated that it is unlikely that one changes its mind after a few hours. Really? Not a proof of much life-experience, don’t you think? Where your male colleagues made me feel like a puppet on a string, you made me feel like a naughty child that had to be punished. You get turned on your own shabbiness, don’t you. Admirable.

    You blamed me for having asked for a ‘withdrawal’, hence insinuating insincerity. I did push indeed the button ‘withdrawal’, but only because I had (mis?)understood from James that that was what I had to do if I wanted my deposit be refunded. Why did you not give me the opportunity to explain this misunderstanding?
    Amazingly trained in lacking empathy. Amazingly trained in discourtesy. But you give a shit, don’t you. Admirable.

    You stated, outraged, that Qteck is a serious broker company. Wasn’t I ashamed of myself to have any doubts about its righteousness ?!
    Amazingly trained in lacking morality AND respect AND righteousness. But you give a shit. You get turned on this, don’t you. Admirable.

    Well Cathy, you may give the answer yourself, WHY, after having listened for so many hours to the speeches of Philip, James and yourself, why I had come to the conclusion that Qteck seemed to me far from being a serious, far from being a trustworthy, far from being a clever broker.
    Why?
    Because its delegates are very well, very talentfully, very successfully trained in being disrespectful, dishonest, immoral, rude, harassing, inhuman, brutal. I could go on…

    Up to you, Philip, James, Cathy, to prove me wrong : you refund, the sooner the better, my deposit of 1.200€ and I will write a positive review. Which, I think, is not an exaggerated luxury for your company, after the reading of so many negative reviews that are online available.

    You have received – by mail – all of my personal details and documents that you said you needed to refund me. Hence, nothing stands in the way. DO IT !
    DO IT !! DO IT !!!
    You have no right to enjoy money that is not yours !!!!!!!
    You have no right to get turned on my money !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Go find your randiness, your excitement elsewhere.

  8. I also dealt with Ross Matthew and Sylvia Core. I was simply trying to get back my initial investment of $400AUD ($200USD). It was over 2 months of back and forth with me getting conned along the way. They made me believe very cunningly, like you that they would send me back more money as a bonus because of my struggle. I was told to transfer a certain amount and they would double it back. In hindsight, it sounds stupid and in the moment you know it seems wrong, but you try to trust them. I lost a lot of money in the second transfer. I was conned. And as I tried to call back Ross, he would never pick up. Sylvia would never reply. And when I called via the number on Ross’s card, the secretary would never pass me on to anyone and I could never get further than her. She would just promise someone would ring me back.

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