A growing number of investors are turning to online trading platforms for their forex investments, but many are unaware of the risks associated with this form of trading. QuantFury is a popular online trading platform that offers an attractive deal but many investors have recently raised concerns regarding the company’s business practices and legal status. This article will discuss the potential risks of investing in QuantFury and provide an overview on current and past scams associated with the company.
What is QuantFury?
QuantFury is an online forex trading platform that offers investors a convenient way to purchase foreign currency pairs. The platform promises investors a simplified user experience and large potential gains; however, its business practices and legal status are shrouded in mystery. The company is not currently registered with U.S. regulators, meaning potential investors are not protected by the securities law of the United States. In addition, the platform does not offer compensation to investors should the company default.
Risks of Investing in QuantFury
Investors in QuantFury should be aware of the unique risks associated with the platform. First and foremost, the company is unregistered. This means that in the event of a default by QuantFury, investors would not be protected by U.S. securities laws. The platform also lacks transparency, making it difficult to determine the legitimacy of the company and its business practices. In addition, QuantFury does not feature an investor compensation fund, meaning investors would not be protected if the company were to fail.
Examples of Past QuantFury Scams
QuantFury has seen a number of scams in the past, further demonstrating the risks of investing in the platform. In 2017, a QuantFury representative was arrested for defrauding investors of $2.1 million. In addition, the U.S. Securities and Exchange Commission has issued warnings about the platform, with the commission noting that “ investors in QuantFury do not have the same protections as they would when investing in products regulated by the Commission.” These past instances demonstrate the potential for scams associated with QuantFury, meaning investors should exercise extreme caution when using the platform.
In conclusion, QuantFury is a popular online trading platform that promises investors large potential profits but carries a large degree of risk. The platform’s lack of transparency and unregistered status mean potential investors are not protected by securities laws, nor is there an investor compensation fund should QuantFury default. As such, investors should be weary of the risks associated with this platform, and conduct extensive research before investing. Quantfury is an investment platform that has received positive reviews from members of the online investing community. While the platform is relatively new, users have noted that trades can be executed quickly and securely. Quantfury also offers some helpful features and resources including a chart with real-time market prices, customized order types, trade confirmations, and more. While there is no way to confirm whether or not Quantfury is legit, users have been impressed with the service so far and the consensus online suggests it is safe to use.