Introduction: Concerns Surrounding Quinnix Group
Quinnix Group claims to be an online trading platform that offers financial services related to forex, stock, and commodity trading. Due to its very aggressive marketing, the firm’s credibility has been questioned by regulatory and complaints from users. The Financial Conduct Authority (FCA) has lodged a warning against the firm in the UK and it is very likely, the firm is offering financial services without authorization to do so.
Website: https://quinnixtrade.com/
Website Availability: NA
Address: NA
Warning Notices: Financial Conduct Authority (FCA)
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
No Regulation or Oversight
One of the most frightening aspects of Quinnix Group is that it is unregulated. For all their claims of offering professional trading services, they seem to have no license or registration from any credible financial authority that can be verified. As the CFA indicated in its public warnings, Quinnix Group is not a licensed firm in order to offer any service in the regulated market – how terrifying for people to give them money.
User experiences and Red flags
There is a number of user reviews stating that they can not get their money out and several reviews report that once you put the money there, its hard to find a customer service number to call. Others report vague fees and guarantees of profit. All of this is a clear and obvious red flag that the broker is clearly dishonest and targeting inexperienced traders.
Lack of the Transparency
There are no real details offered to users about, the company’s team, where they are operating from, or the terms of service. This is often a tactic that scam platforms employ in order to evade accountability or consequence for the legal consequences of doing something fraudulent and illegal.
Conclusion
With regulatory warnings, user complaints and lack of transparency, Quinnix Group has all the attributes of scam operations. As a result, it is not suitable for investors, if they are looking to use a regulated investment platform to trade on.
FAQs
Q1: Is Quinnix Group regulated by any authority?
No, Quinnix Group is not under regulation by any reputable financial authority.
Q2: What has the FCA said about Quinnix Group?
The FCA is warning that this firm could be providing financial services that require authorization.
Q3: Can I get my money back from Quinnix Group?
You should report the incident to your bank and all the authorities. Third-party recovery services will help in some cases.
Take Informed Action
Have you been scammed by Quinnix Group or another scam broker? At Lycan Retrieve, we help you explore your options for recovering your losses and offer a free consultation to get you started. Regaining your trust and recovering your losses is our team’s top priority! We can help you recover what is rightfully yours and get your money back! Contact us right now! Lycan Retrieve is here to help at every turn!
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