SQLQD is an online platform that offers CFD trading services in foreign exchange, precious metals, crude oil, indices, and cryptocurrencies. The platform claims to provide users with advanced trading tools and technical support, yet there are significant issues with background information and transparency.
Company Background and Registration Information
The platform claims to have been established in 2018 and is operated by QLQD GLOBAL LIMITED, asserting regulation by the U.S. Chamber of Commerce. Upon investigation, the domain registration for sqlqdmarts.com is dated December 27, 2024, which greatly contradicts its claimed establishment date, raising doubts about the platform's authenticity.
Trading Software and Platform Features
The official website claims to offer proprietary trading software, available on web and mobile platforms. However, on the Mac App Store, the trading software NativeFX6 is provided by INRERWARE LTD, not SQLQD.
Additionally, the trading software StockEase available on Google Play has only 500 downloads and no user reviews. Some users report encountering difficulties with withdrawals. When choosing a platform, investors should particularly consider the reliability of the trading software.
Trading Accounts and Conditions
The platform claims to offer variable spreads starting from 1 pips, with leverage ranging from 1:100 to 1:500, and USD as the base currency. However, the platform does not explicitly list the spread range and leverage terms, lacking transparent risk management information. Investors should be aware of the trading conditions to avoid unnecessary risks.
Deposit/Withdrawal Methods and Processing
SQLQD does not disclose its supported deposit and withdrawal methods, processing times, or any applicable fees, indicating a lack of transparency in fund management. Reputable trading platforms typically disclose deposit and withdrawal procedures and related fees to help users understand the details of fund operations.
Regulatory Information
The official website claims to be regulated by the U.S. Chamber of Commerce and provides an MSB registration number. Upon checking, the registration number 31000236051743 belongs to GLFXM GLOBAL FOREX LIMITED, unrelated to SQLQD.
Furthermore, the platform provides another registration number 31000239900012 on its Japanese page, which actually belongs to DCO MARKET LIMITED. These inconsistent regulatory details suggest that SQLQD has not obtained valid regulatory credentials.
Contact Information and Social Media
The official website only provides an email address [email protected] as contact information, with no phone number or online customer service. The platform does not maintain any social media accounts, which is very unusual for a forex platform and may indicate a lower level of operational transparency.
Company Employees and Address
The official website does not disclose employee information, and management details are unavailable. The company does not provide an actual operational address, leading to a lack of transparency and unclear accountability.
Website Traffic and User Reviews
According to Semrush data, sqlqdmarts.com has an average monthly traffic of fewer than 100 visits, with almost no one using the platform. No user reviews for SQLQD can be found online. Low traffic and the absence of user reviews indicate a low trust level in the platform.
Website Template and Brand Exposure
The SQLQD website template is highly similar to several known scam platforms such as Cryptofxtm, Fx Finance Growth, and Empires Option, further eroding confidence in the platform's credibility. The platform has almost no brand exposure or news reports in the public domain, resulting in low market recognition.
Risk Report
- Company Background and Registration Issues: SQLQD's registration information does not match its claimed establishment date, lacking transparency.
- Unclear Trading Conditions: The platform does not provide detailed trading conditions, increasing investment risk.
- Trading Software Issues: The source of the trading software is unclear and user feedback is poor.
- Lack of Deposit/Withdrawal Information: The platform does not disclose fund deposit and withdrawal methods or processing details, lacking transparency.
- Regulatory Issues: The regulatory information provided is inconsistent, implying the platform may not have obtained valid regulatory accreditation.
- Missing Contact Information and Social Media: Limited contact options and lack of social media presence reduce transparency.
- Missing Company Employees and Address: The lack of published employee information and company address leads to unclear accountability.
- Insufficient Brand Exposure: The platform lacks brand exposure and user reviews, resulting in low trust.
- Similar Website Template: Use of a template similar to known scam platforms raises credibility concerns.
Conclusion
SQLQD presents various risks, with a lack of transparency and information disclosure, and has not obtained valid regulatory credentials. Investors should carefully verify its background when selecting a platform to avoid potential risks.
