QTeck Review

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Is QTeck a Scam Broker? 

QTeck is proof that just any license is often not good enough. It also falsely claims to have a higher-grade license than it does, which is not a good basis for trusting a broker with your money. We did not find any information about the brokers behind QTeck, which is a red flag. The ambiguity behind licensing is enough to suggest walking away from QTeck. 

Is QTeck a Scam or Legit Broker?

QTeck claims to have a license from the FCA. All brokers in the UK must be licensed by the Financial Conduct Authority. However, QTeck does not have an FCA license but instead has a license from St. Vincent and the Grenadines. This is a very low-grade license and it is akin to not being regulated at all. The fact that QTeck is dishonest about this issue and has received a warning from the FCA is sufficient to cross it off your list. 

Here are some problems we have discovered from our research on QTeck and reviews:  

  • Warning from the FCA
  • Falsely claims to have an FCA license
  • Has a low-grade license from St. Vincent and the Grenadines
  • No information about the brokers in this firm
  • Bad reviews

Our experts do not recommend QTeck.  We encourage visitors to do research, read our broker reviews, and select regulated brokers. If you have been scammed by QTeck or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.