Qliothon is a forex and CFD broker that claims to offer a variety of trading products and services. However, there is a lot of evidence to suggest that Qliothon is a scam. In this article, we will take a closer look at Qliothon and explain why you should avoid it.
Company Overview
Qliothon is a relatively new broker, having been founded in 2022. The company claims to be headquartered in the Seychelles, but there is no evidence to support this claim. Qliothon does not have a license to operate in any major financial jurisdiction.
Does Qliothon Have Any License?
No, Qliothon does not have any license to operate in any major financial jurisdiction. This is a major red flag, as it means that the broker is not subject to any regulatory oversight. Unregulated brokers are more likely to engage in fraudulent activities, such as front-running, price manipulation, and withdrawal delays.
Is Qliothon Regulated By Any Authority?
No, Qliothon is not regulated by any authority. This is another major red flag. Regulated brokers are subject to regular inspections by financial regulators, which helps to ensure that they are operating in a fair and transparent manner. Unregulated brokers are not subject to any such scrutiny.
Pros and Cons
Pros:
- The minimum deposit is low.
- The trading platform is user-friendly.
- There are a variety of trading products and services offered.
Cons:
- The broker is unregulated.
- There have been complaints of customer support being unresponsive.
- There have been reports of withdrawals being delayed or denied.
How Does Qliothon Reach To Their Prey?
Qliothon uses a variety of methods to reach their prey. They often target inexperienced traders who are looking for a way to make quick money. Qliothon may also use social media to promote their services, or they may cold call potential victims.
Technical Details
Minimum Deposit:
The minimum deposit for Qliothon is $250.
Trading Platform:
Qliothon uses the MetaTrader 4 platform. This is a popular platform that is used by many forex and CFD brokers.
Spread:
The spreads offered by Qliothon are not competitive. They are typically wider than the spreads offered by regulated brokers.
Leverages:
Qliothon offers high leverage. This can be risky for inexperienced traders.
Packages and Products They Offer
Qliothon offers a variety of trading products and services, including forex, CFDs, and indices. They also offer a variety of educational resources and trading tools.
Withdrawal and Deposit Method
Qliothon offers a variety of withdrawal and deposit methods, including credit cards, debit cards, and wire transfers. However, there have been reports of withdrawals being delayed or denied.
What Do Their Previous Traders Say?
There are a number of complaints about Qliothon online. Some traders have complained about the lack of customer support, while others have said that their withdrawals were delayed or denied. There have also been reports of Qliothon engaging in fraudulent activities.
Summing Up- Why Should Not You Trust Qliothon
There are a number of reasons why you should not trust Qliothon. The broker is unregulated, there have been complaints about customer support, and there have been reports of withdrawals being delayed or denied. Additionally, there have been reports of Qliothon engaging in fraudulent activities.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Qliothon, you may be able to recover your funds. There are a number of companies that specialize in recovering funds from scam brokers. You can also contact your local financial regulator for assistance.
File A Complaint Against Scam Broker's
Final Thoughts
Qliothon is a scam broker that should be avoided. If you are considering trading with Qliothon, I urge you to reconsider. There are many legitimate brokers out there that offer better trading conditions and customer support.
If you have any questions or concerns, please feel free to contact me. I am happy to help you find a legitimate broker that can meet your needs.
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