Overview of Quinnix
Quinnix is a webbroker managed by Quinnix Ltd, which is allegedly registered in the United Kingdom. Also, its broker provides forex, CFDs, and metals trading. Although the broker describes itself as “modern trading”, there have been alarming concerns about the credibility, transparency, and regulatory sincerity of the broker from industry observers and everyone else who used the broker into legitimacy as well.
Website: https://quinnixtrade.com/
Website Availability: NA
Owned By: Quinnix Ltd
Blacklisted by: Not recommended by the review website like Fraud Recovery Experts
Domain Age: NA
Limited Clarity and Accountability
The lack of transparency of Quinnix is one of the biggest concerns. Quinnix does not deliver ownership information or any credentials for its leadership team. Those limits on disclosures raise serious questions regarding the credentials of leadership. It is difficult to trust a trading platform, particularly for newer traders, when there is no credibility.
Regulation Issues
There is no documented, proven evidence that Quinnix is regulated and authorized by the UK’s Financial Conduct Authority (FCA) despite the firm saying it is registered in the UK. When clients are dealing with a brokerage and there is no regulatory authority or backing, there is a significant risk, with no hope of recourse during disputes. To add to our lack of faith is the use of WHOIS privacy to mask the ownership information.
Negative User Reviews
There are many negative online reviews for Quinnix. They detail many complaints like issues around withdrawal time, lack of responsiveness from support teams. Additionally, with the lack of regulation it is not possible to recommend Quinnix is a safe trading option.
Conclusion
At this time, based on all available information there are many signs that Quinnix is a fraud broker. Traders should highly consider more regulated and transparent options, or move forward with extreme caution.
FAQs
1. Is Quinnix regulated by any financial regulatory authority?
There are no signs that Quinnix is regulated by any financial regulatory authorities such as the FCA.
2. Do traders have issues with their withdrawals?
Yes, there are several users reporting late or denied withdrawals.
3. Is Quinnix a trustworthy broker for long-term trading?
Due to Quinnix being unregulated, having a record of untrustworthy withdrawals, and many bad reviews; it would be a stretch to call Quinnix a good long-term trading option.
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