Qtmarkets claims it was established in 2002. However, when we checked its domain, we found it was newly created in 2022. So how could it start its business in 2002? It is a red flag here.

Besides, Qtmarkets claims it is headquartered in Hong Kong, with direct branches in the United States, Vanuatu, and Sydney, Australia, and has obtained financial services qualifications and is regulated by local financial institutions. As per these claims, we searched several regulatory bodies, including:

1) The Hong Kong Securities And Futures Commission (HK SFC);

2) The US National Futures Association (NFA);

3) The Vanuatu Financial Services Commission (VFSC);

4) The Australian Securities & Investments Commission (ASIC).

However, we did not find any match results to Qtmarkets in the above watchdogs' registries. That means Qtmarkets is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

BrokersView found the domain "http://www.qtmarkets-forex.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.