ANSWER QTeck is NOT a legit broker and should be avoid at all events. QTeck claims to be a brand name owned by Global Software Solutions, a company registered in Saint Vincent and the Grenadines, but we didn't find any result in the registers of Saint Vincent and the Grenadines' Financial Services Authority (SVG FSA). Besides, the SVG FSA has announced that it does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So QTeck is currently not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. What's worse, the UK's regulator FCA has added QTeck into its blacklist and warned the public that this broker has been operating in the UK without a license. You can check full alert or warning here. As per the evidences above, our final conclusion is that QTeck is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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