ANSWER Quanta Capital appears to be operating in the absence of the required licenses. Quanta Capital purports to be based in the UK, yet there appears to be no evidence of its registration with the Financial Conduct Authority (FCA), which is cause for concern. Additionally, the Federal Financial Supervisory Authority (BaFin) has published an alert to the public about Quanta Capital, noting that it provides financial services without the necessary authorization and lacks oversight from BaFin. As a result, Quanta Capital may be operating in an unregulated environment, potentially exposing its customers to the risk of fund loss without viable options for reimbursement. We strongly suggest investors avoid using Quanta Capital and instead opt for fully regulated brokers.
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