High Risk
Reported as a scam / unregulated
SF-705959registry entry
Why QTrade is on the register
QTrade is not a reliable broker for traders even though it states offers that look good to be true. QTrade claims to be supervised by the Federal Financial Supervisory Authority (BaFin) under the BaFin ID number: 136084. We do find a match result to QTrade in BaFin. However, as per the details shown on the BaFin, QTrade is not authorized to provide forex investment services. That means QTrade is not under valid regulation to do forex by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.