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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