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QMMFX holds any license? please verify.
Waqas Shami
Albania
Nov 13, 2025
ANSWER Dear Investor, QMMFX claims to be operated by QMMFX Limited, a company registered in the Comoros, and displays a license number that appears to be issued by the Anjouan Offshore Finance Authority (AOFA). While we were able to verify that QMMFX Limited is listed in AOFA’s registry, it’s important to note that AOFA is an offshore regulatory body with minimal oversight, no international recognition, and a regulatory framework widely regarded as unreliable by global financial standards. The jurisdiction provides very limited investor protection. Moreover, AOFA does not publicly associate licensed entities with their official websites or domain names, making it impossible to confirm whether the QMMFX trading platform you’re interacting with is genuinely covered by the displayed license. Additionally, QMMFX states that it maintains a physical office in Dubai, UAE. However, our checks found no record of the company being authorized or registered with any relevant UAE financial regulator, including the Dubai Financial Services Authority (DFSA) or the Securities and Commodities Authority (SCA). Given these significant concerns, we assess QMMFX as posing a high risk to investors. We strongly advise against using this platform and encourage you to choose brokers regulated by reputable financial authorities.
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Is QMMFX a good choice?
Mark R
Norway
Apr 17, 2023
ANSWER QMMFX is a non-regulated broker that we advise against trading with, despite the seemingly attractive deals it offers.QMMFX provides zero details about its regulatory status, which is a clear indication of an unlicensed broker, as legitimate ones always prominently display their accreditation and licenses. When we read the information on this broker's website, we noticed that it claims to be located in Dubai. As per Dubai law, brokers operating in Dubai must be authorized and regulated by the Dubai Financial Services Authority (DFSA). However, our search for QMMFX in the registry of the DFSA did not yield any results. That means this broker is not subject to any oversight.Regarding your question, our advice is not to choose QMMFX since it is an unlicensed broker. Entrusting this broker to hold and control your funds or trading with it is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like QMMFX and opt for fully regulated ones instead.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.