Quontic.vc Review
At first glance, the Quontic.vc website exudes professionalism. Its sleek design and well-executed marketing might give you the impression that you’ve found a reliable platform. But beneath the polished surface lies a different reality.
In this detailed review, we’ll uncover the facts about Quontic.vc, exposing the risks and revealing why this unregulated broker is a potential threat to your investments.
Is Quontic.vc a Legitimate Broker?
According to its website, Quontic.vc is operated by Quontic LLC, with listed addresses in the UK and Canada. These claims suggest the company should hold licenses from the UK’s Financial Conduct Authority (FCA) and Canada’s Ontario Securities Commission (OSC). However, a thorough search of these regulatory databases revealed no such licensing.
Further checks across other financial registers confirmed the same result: Quontic.vc operates without proper authorization. This lack of regulation means they offer no investor protection measures such as segregated client accounts, leverage limits, or negative balance protection. Worse still, the company could disappear without warning, leaving you with little recourse to recover your funds.
Who Are the Victims of the Quontic.vc Scam?
Although there are no customer reviews for Quontic.vc on platforms like Reddit or Trustpilot, our internal analysis points to victims primarily from:
- Canada
- United States
- Israel
It’s essential to note that Quontic.vc is not affiliated with Quontic Bank (quontic.com), which is an FDIC-insured institution. This distinction means that trading with Quontic.vc offers none of the protections associated with the legitimate Quontic Bank.
Signs of a Scam: Trading Platform and Features
Platform Overview
Quontic.vc advertises an innovative trading platform but delivers only a basic WebTrader. This platform uses imported TradingView charts but lacks advanced features. Additionally, access to the platform requires login credentials, and the mobile app links provided for Android and iOS are non-functional. Ultimately, you’re limited to browser-based trading, which is far from the seamless experience promised.
Asset Classes
The platform offers five categories of trading instruments:
- Forex: EUR/USD, AUD/CAD, NOK/SEK
- Commodities: Gold, natural gas, soybeans
- Indices: NASDAQ, DAX30, NIKKEI
- Shares: Amazon, IBM, Microsoft
- Cryptocurrencies: BTC, BCH, TRX
While this range appears diverse, it holds little value if you can’t withdraw your profits.
Account Types and Trading Conditions
Quontic.vc offers four account tiers:
- Classic: $5,000 minimum deposit
- Bronze: $25,000 minimum deposit
- Gold: $100,000 minimum deposit
- VIP: $1,000,000 minimum deposit
The differences between accounts are marginal, with higher-tier accounts offering slightly more perks, such as additional protected trades or trading sessions. However, these benefits are unlikely to justify the steep deposits.
Leverage and Fees
Leverage ranges from 1:10 for Classic accounts to 1:100 for VIP accounts. Spreads start at 100 basis points (bps) for the Classic account and decrease with higher tiers. While other fees are not disclosed, the high spreads suggest trading costs are substantial.
Educational Resources
Quontic.vc features an educational section with articles, a glossary, market explanations, and an economic calendar. However, given the firm’s lack of regulation, the quality and reliability of this content are questionable. It’s likely designed to keep traders uninformed and reliant on the company’s advice, leading to poor decision-making.
Customer Support
Customer support is allegedly available via email, phone, and a web contact form, operating 24/5. However, users often report difficulty receiving meaningful responses, particularly when attempting to process withdrawals.
Red Flags and Final Thoughts
Quontic.vc shows clear signs of being an unregulated and potentially fraudulent broker. Key concerns include:
- No licensing from recognized regulatory bodies
- Lack of transparency on payment methods and withdrawal policies
- Significant barriers to accessing funds
If you suspect you’ve been scammed, it’s crucial to act immediately. Contact your local authorities, file a complaint, and consider consulting with financial recovery experts. Protect your investments and don’t let fraudsters keep your money.
