Quant Finance Limited

Quant Finance Limited is yet another CFD broker that caught our attention with an offer to maximize returns on every trade. To achieve this goal, traders are promised the most advanced platform, enhanced tools for working with price charts, and an extensive selection of available assets. However, once funds are sent to accounts opened with this scam company, there is no chance of getting them back. There is more than enough evidence for this, and some of it you will find in our review.

Overview of Quant Finance Limited

Choosing a broker is not an easy task, and traders have to make decisions based on a thorough examination of all available information about it. Let’s start our acquaintance with this dealer by examining its official website.

Broker History

Quant Finance Limited modestly talks about itself, often in superlative terms. However, among this self-promotion, there is not a word about the company’s history. Traders have not learned when and by whom it was founded, what path it has taken, and what it plans for the future.

We can, of course, find information about the company’s founding date ourselves using open sources. However, we are starting to suspect that the broker simply has nothing to say about itself. This is usually characteristic of newly created fraudulent projects that are not intended for long-term existence. Of course, we may be mistaken, but the fact itself is alarming.

Quantfinanceltd.vip Website

Overall, it’s hard to say anything positive about the design of the company’s official website. The only successful find by the designers is the animated banner on the homepage. The rest of the design looks like the first experience of a schoolchild experimenting with creating websites. Other pages look even worse because they contain only text and nothing more.

The content is also striking. The main impressions are its uselessness and silly mistakes. For example:

• In the “Products” section, instead of contract specifications, the user will find dull descriptions of assets. However, they might be amused by the story about trading stock indices on the Forex page.
• The “Trading Products” page in the “Trading” section suddenly turned out to be dedicated to the terminal. However, there is not a single characteristic of the platform on it, and the praise descriptions written by specialists look frankly pathetic.
• “Terms & Conditions” on the “Regulation and Authorization” page and “Privacy Policy” on the “Legal Information” page look great.

In short, it seems like the Quant Finance Limited website was created by amateurs who have no idea about the broker’s operations and the trader’s needs. Looking at this confusion, we begin to doubt that the company can attract even one client.

However, it seems that scammers do not rely on attracting the user audience through the official website. Perhaps it only indicates the company’s presence on the Internet. To invite future clients, they may use other methods, such as cold calling from phone databases.

Registration Process and Personal Account

The organization of the new client registration process at Quant Finance Limited once again confirms that the broker operates outside the regulatory space. It is simplified to the maximum and requires filling out a small registration form with:

• First and last name.
• Email and phone number.
• Country of residence.
• Referral code (if available).
• Password.

Additionally, the user must:

• Pass the reCaptcha verification.
• Read and confirm agreement with the Terms & Conditions text.

In contrast to Quant Finance Limited, licensed brokers implement these processes differently:

1. Require the input of more personal information, such as the residential address. In addition, clients of European companies will have to fill out a questionnaire based on which they will obtain the status of a retail or professional investor.
2. Verify the user-entered contact details.
3. Offer to familiarize and agree to a larger number of documents, such as Privacy Policy and Risk Disclosure.
4. Require confirmation that the user is not a resident or tax resident of the United States.

These requirements are defined by the legislation of the countries where brokers operate and regulatory documents. Accordingly, the system does not adhere to them either out of ignorance or intentionally. In both cases, it becomes clear that the broker operates without any license.

After filling out and submitting the form, the client’s account is created. This allows access to the personal account. Here, the company uses a template quite common among scammers.

Developers have included the following functions in its set:

• Manage the profile (edit data, change password, submit document copies for verification).
• Perform financial transactions (fund the account and submit withdrawal requests).
• View transaction histories, both trading and non-trading.
• Submit queries to customer support.

However, this does not eliminate problems, and Quant Finance Limited has them, primarily in the area of client fund security. For example, the broker still ignores contact data verification. It does not provide the opportunity to use advanced protection measures, such as enabling 2FA.

Thus, the security of client funds, which the broker talks so much about, remains only in words. Actually, no one intended to implement it: the funds transferred by clients are already safe in the scammer’s accounts. Everything traders see in their accounts is virtual funds, the security of which no one intends to take care of, just like returning them.

Trading Platform

On its website, Quant Finance Limited talks a lot about its super-modern trading platform with almost instant order execution. Perhaps everything is exactly as stated, but noticing it is not easy, especially among the numerous drawbacks that experienced traders will notice upon their first acquaintance.

These drawbacks include:

• Inconvenience in working with the market overview. The developers did not provide the option to limit the list of trading assets, slowing down the search for an instrument to monitor charts and execute trades. The Favorites feature also does not solve this problem because settings are not saved, requiring it to be reformed each time a new session is opened.
• Minimum graphical components for price chart analysis (only 4 in total). These limitations force traders to modify trading systems, typically not for the better.
• Lack of built-in programming language or API in the terminal. As a result, traders cannot develop and connect indicators and trading advisors.
• Inability to save price chart and platform settings overall. Users have to restore them after each new session starts or loss of connection to the trading servers.

Overall, the Quant Finance Limited terminal is hard to consider an exemplary trading software. It lags behind market leaders in all parameters, and due to the mentioned drawbacks, traders might incur losses instead of profits. However, this suits the project’s creators and owners perfectly.

Contacts

All possible means of communication with customer support and other company representatives are listed there. The options include:

• Feedback form.
• Email support@quantfinanceltd.net.
• Phone +442081576590.

The company’s mailing address is also published here: Mortimer Street, W1T 3JL London, UK. However, it looks, to say the least, incomplete. It lacks building and room/office numbers. The impression is that Quant Finance Limited specialists have just started to come up with it but haven’t been able to specify it completely yet.

Additionally, there is no mention of social media pages on the contacts page. Perhaps the broker’s creators simply haven’t had time to create them. However, it seems more likely that no one expects the platform to exist for more than 3-4 months. In this case, it would be impractical to invest efforts and resources in creating and maintaining active groups and channels.

Analysis of Services Offered by Quant Finance Limited

As a rule, traders make decisions about collaborating with a broker after carefully studying its offerings. What can attract clients to this platform?

Funding and Withdrawal

On the official website, the methods of financial transactions are detailed, including available payment systems, commission rates, limits, and processing times. The list includes:

• Bank transfers in the SEPA system.
• Transfers via credit/debit cards.
• Cryptocurrency transactions.

However, on the personal account, things look somewhat different. When attempting to fund the account, the client must enter the amount and the account number to which it should be credited. After submitting the filled form, the client receives a message that the request has been successfully accepted, and they need to wait for contact with an account manager. It is evident that this approach used by Quant Finance Limited is often practiced by scammers. This is done to keep the details secret, preventing them from becoming known to financial and tax authorities. Typically, clients receive a crypto wallet number or drop card details.

Trading Conditions

We have already established that the broker has not provided contract specifications on its official website. Typically, at most companies, part of the trading conditions can be found in the account types table. However, Quant Finance Limited disappoints traders even in this regard.

The creators of the scam project decided that users only need to know the minimum deposit amounts. So, for four trading accounts, it is:

• Forex/Crypto – 100 GBP.
• Commodities – 5,711 GBP.
• Stock – 16,594 GBP.
• Indices – 121,144 GBP.

The basis for setting such amounts probably remains a secret even for the project’s owners. Similarly, traders remain in the dark about maximum leverage, spreads, swaps, and other contract characteristics.

However, Quant Finance Limited introduces many other options that may interest market newcomers. For example, participation in webinars, connection to PAMM accounts, and copy trading are suitable for those not yet ready to make decisions independently. This audience is the broker’s base, so publishing such options is quite justified.

Unique Futures

Quant Finance Limited includes a Savings Account in its offerings. The opportunity to earn a return of 21-37% with monthly payouts looks intriguing. The broker promises account owners:

• Insurance.
• Online capital management.
• Deposit security.
• Flexible terms.
• Fixed income.

How these parameters are reconciled with each other is difficult for us to understand.

Is Quant Finance Limited Trustworthy and Reliable?

We almost no longer doubt that the broker is a fraudulent project. Now we need to see how honest its creators are when publishing official data.

Assessing Legitimacy

Finding other data about the firm’s location, besides the information provided on the Contact Us page, is essential. The phone number and address in the United Kingdom are indicated here. Therefore, it is quite logical to check the data in the Companies House registry. It shows that there is indeed a company registered in the UK with the same name as the search object.

The company was registered in 2013 and remains active. However, it has no connection to the CFD broker. Firstly, aggregators show the results of financial reports. There are £5,690 in its accounts, with £5,910 being borrowed. The company’s own funds amount to only £223. Quite substantial amounts for a broker, right? Secondly, the company does not have a license from the FCA.

It turns out that Quant Finance Limited, like many scammers, hides behind the name of an existing company. The broker itself has no official registration or license. Accordingly, it operates only online and provides services completely illegally.

Established Track Record

We only need to fulfill our promise and check how long the company has been active online. Since Quant Finance Limited does not provide such data, we have to use domain registration information from the whois service.

According to this information, the domain was registered on October 26, 2023. If we look at the date of the last changes, it started in active operation on January 8, 2024. The lack of information on the company’s history and even problems with the address become immediately understandable. As of June 2024, the broker operates at quantfinanceltd.vip.

Implications for Traders

Quant Finance Limited is a fraudulent project attempting to pose as a legitimate CFD broker. However, it lacks registration and a license. Financial transactions are completely opaque, and the trading terminal is riddled with problems. To avoid losing money on this scam platform, we recommend not opening or funding accounts here.

Strengths and Weaknesses