Questh X claims to be operated by Questh X S.A. and states that it is regulated and authorized by the Swiss Financial Market Supervisory Authority (FINMA). However, upon checking FINMA’s official list of authorized financial institutions, we found no record of Questh X S.A. This false claim of Swiss regulation is highly suspicious and constitutes a major red flag. Furthermore, Questh X indicates that its company address is in Turkey. To verify this, we searched the registry of licensed entities maintained by the Turkish Capital Markets Board (CMB). Again, no associated entity was found under this jurisdiction. These findings confirm that Questh X is not regulated by any credible financial authority. Therefore, Questh X may be a fraudulent operation.