ANSWER Quality Oil Gas Pt Ltd is an unlicensed forex trading platform.Quality Oil Gas Pt Ltd fails to disclose information about its regulatory status, a red flag of a potential scam. While it claims to have an office in Singapore, the register of the Monetary Authority of Singapore (MAS) doesn't include this company. This means it is not financially registered in this jurisdiction and it lacks the required authorization to offer investment services or products.What's more, its domain name ("sharetrader.live") was first registered in May 2020, but it claims that it has more than 10 years of experience in helping traders. This inconsistency further undermines the platform's credibility.Therefore, considering its dishonest statement and unlicensed status, Quality Oil Gas Pt Ltd is not safe for investors. Individuals dealing with the broker are exposed to fraud and identity theft, as there are no rules in place to safeguard them. To avoid financial losses and identity theft, we strongly suggest investors steer clear of unlicensed trading platforms and instead choose reputable, fully regulated ones.
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