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quomarkets.com

Why is the trust score of quomarkets.com very low?

Quomarkets.com is a website that claims to be a platform for trading in various financial markets, including forex, metals, indices, energies, cryptocurrencies, and stocks. The site presents itself as a brokerage service, offering features such as social trading, an economic calendar, and educational resources for investors.

However, several red flags and concerning elements can be identified when evaluating the content and structure of the website:

1. Lack of Regulatory Information: The website does not provide clear and verifiable information about its regulatory status. For a financial services provider, especially in the field of trading and brokerage, regulatory oversight is crucial for ensuring the safety and security of clients’ funds and the integrity of the trading environment.

2. High-Risk Warning: The site prominently displays a risk warning, stating that CFDs (Contracts for Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. It also mentions that a significant percentage of retail investor accounts lose money when trading with this provider. While it’s common for trading platforms to include risk disclaimers, the emphasis on high risk, especially for retail investors, is notable.

3. Regional Restrictions: The website explicitly states that it is not directed at, or intended for distribution to or use by, citizens or residents of specific countries, including the USA, Israel, Iran, Iraq, Canada, Russia, and others. This could be a regulatory compliance measure, but it’s important to consider why these restrictions are in place and whether they align with legitimate financial regulations.

4. Complex Ownership Structure: The website mentions that it is operated by TradeQuoMarkets Ltd, under specific license numbers, and provides content by a group of companies. This kind of complex ownership and operational structure can sometimes be used to obfuscate the true identity and accountability of the platform.

5. Ambiguous Language and Promotional Content: The website uses language that is common in the financial industry but can be ambiguous or misleading to those not well-versed in trading and investing. Phrases like “best forex brokers with no commission” and “see the smiles behind the words” can be seen as overly promotional and lacking in substantive information.

6. Social Media Presence: While the website includes links to various social media platforms, including LinkedIn, Instagram, Facebook, TikTok, and YouTube, the mere presence of these links does not guarantee the legitimacy of the platform. It’s important to independently verify the activity and reputation of the platform on these social channels.

7. Cookie Consent and Data Privacy: The website includes a section for cookie settings and data privacy, which is a standard practice for online platforms. However, it’s essential to review the specific privacy policies and data handling practices of the platform, especially when dealing with financial and personal information.

8. Vague Information About Services: While the website mentions various features and services, such as social trading, an economic calendar, and educational resources, it’s important to assess the depth and quality of these offerings. Vague or superficial information about services can be a red flag.

9. Ambassadors and Business Partnerships: The website mentions “ambassadors” and “business” as part of its navigation menu. It’s important to scrutinize the nature of these partnerships and the role of ambassadors, as they could be used for promotional purposes without necessarily indicating the platform’s credibility.

10. Server Location and SSL Certificate: The website’s server is located in San Francisco, California, and it has an SSL certificate issued by Google Trust Services. While these technical details are not inherently suspicious, they should be considered in conjunction with other factors when assessing the platform’s legitimacy.

In conclusion, while Quomarkets.com presents itself as a platform for trading in various financial markets, there are several red flags and areas of concern that should prompt careful scrutiny and independent verification. It’s crucial for individuals considering using this platform for trading or investment purposes to conduct thorough research, seek independent financial advice, and be cautious about engaging with any platform that raises significant doubts about its legitimacy and regulatory compliance.”



the reasons behind this review :
Lack of Regulatory Information, High-Risk Warning, Regional Restrictions, Complex Ownership Structure, Ambiguous Language and Promotional Content, Social Media Presence, Cookie Consent and Data Privacy, Vague Information About Services, Ambassadors and Business Partnerships, Server Location and SSL Certificate
Positive PointsNegative Points

  Website content is accessible

  No spelling or grammatical errors in site content

  No suspicious patterns detected

  Domain ranks within the top 1M on the Tranco list

  Low review rate by AI

  Domain is new

  Archive is new

  Whois data is hidden

How much trust do people have in quomarkets.com?

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