Read our Quantums Trade review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a quantums-trade.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Quantums Trade is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Quantums Trade in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Quantums Trade Review Conclusions
Making the Quantums Trade review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Quantums Trade review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Terrible scam. They just fool lay people to deposit funds that end up in Lithuania in a digital bank. Impossible to get any refund. The mother company is Seeger Global registered in the Republic of the Marshall Islands where regulations are almost inexistent.
I signed up for this site and got at least 16 phone calls within 5 days. I kept saying I made a mistake signing up.
I begged for them to close my account and stop calling me, but they just keep calling and calling.
When I told them I was about to file a complaint with the police they became rude.
Calling numbers originated from my own country (Belgium) and the UK. All the people who called me had an Indian/Pakistani accent.
DO NOT JOIN THEM. THEY WILL KEEP CALLING AND CALLING.
Hello,
I have been approached by these crooks. They managed to get me to invest $ 3,350.
How can I expect to get my money back?
Same as David. Tried to have a look at the platform, but didn’t trust it.
Few minutes later I received a call from a Belgian number of a Swiss call center: most pushy sales call I’ve received in my life!!
Felt like a scam so I didn’t deposit, but have been receiving calls since then through private numbers once every 2 hours. WHO HAS TIME TO DO THIS?
DON’T SIGN UP!
I lost a lot. They made me trade through a Kraken account. I immediately did the necessary to stop alla actions but they reduced my account to 0. I filed a complain with the police, judiciary authorities and official financial department.These guys are crooks. Their name probably fake : David Swanson, Lucas Weinberg.
What else can I do?
The same with me. Through a Kraken account immediately emptied. The same with a Cryptosavong account. Dominic Karman (fake) with an indian/pakistan accent is the scam.
Dominic Karman super scammer of Quantums Trade. Don’t trust him!!! He made me trade trough a Kraken account also. On the moment that I wanted to withdrawl my wallet I had to pay a big amount through the Lightning Network. He used fake emails in the name of Kraken. I lost all of my savings.
The same happened to me.
They pretended to be located in Switzerland but where?
Comparable like BD , Marie and Patrick. money tranfers neede to happen via Kraken as other exchangers are not trustworthy ( so they say). I started with small amounts to test if depositing and withdrawing worked. thus far all ok, but then they came with smart talks that more deposits were needed to enable better results with trading. the BTC was so high in value that most of the margin was consumed rapidly. the advisor gave good advice and put in some good trades helping to grow the balance rapidly. they also helped out securing my Kraken account after somebody( probably themselves) broke in on my pc via anydesk( that allows to take over your pc to help setting up thigs in Kraken or Metatrader 4. that way they trick you and build trust so you deposit more money as you see profits build up. then they promised a special arrangement could be made ( 150-300% return) by depositing more so you get a VIP- account ( of which i never saw the terms and conditions) orally they claimed it would result in trading with zero swap and zero spread which did not happen. by the moment the balance grew big enough to withdraw a bigger amount to recover apart of our initial deposits, it went wrong. suddenly we needed to inject more fresh money ( 1,5 btc) to open the lightning network and retrieve 1,23 btc. that network was never activated as it needed even more fresh money and all about it was communicated via a fake ‘kraken support’ email ( kraken pro trade support). there was no way to contact these guys by phone as all worked with anonymous numbers and call center numbers from the Netherlands/switzerland. so these guys are organized as ghosts. i admit they know how to trade and did profitable trades even while the btc and most alt coins came down. but all that is just to build confidence to then change the rules of the game on the go by introducing the ‘lightning network’ and claiming that is the way how crypto’s can be send back and forth rapidly. they claim normal bank wires are not used in this crypto world as that triggers signals to authorities ( laundry signaling). Contrary to other testimonials our account never got empty. they kept it full and growing so it is tempting to add money to be able to withdraw anything. ultimately we lost nearly all our deposits, as there is no way to withdraw anything, without feeding the lightning network, they claim is is out of their control( but they should have said so upfront). watch out for these friendly and seemingly trustworthy and professional guys- in my case also Lucas weinberg- who even did not had the guts nor respect to follow up on the lightning network issue that ultimately locked all the money we put in the system and the profits build up with it over a few months. the only positive side on this journey is that we rapidly learned to trade via Meta trader 4 on what looks to be real money.( but that you cannot retrieve?. so they made people/us happy with a dead bird ( Belgian expression) as the end result was total lossof our deposits …
so I get same experience ,with many person from Quantums trade, david swazon , david lemmen,charlot ammato,eric neved albert holt,Robin garcia, but for the end is nothing , I get loss my money ,like what they are said, how I can get again my money back