July 25, 2021

AnalystQ Review

AnalystQ review

Overview of AnalystQ Review:

The growing presence of scam brokers in the financial industry has made it unsafe for traders looking for a passive income. These scam brokers hide in anonymity and prey on their victims when the time is right. In today’s review, we will be investigating whether AnalystQ is a scam broker or not. Founded in February of last year, the company is pretty new to the industry. Despite being comparatively new to the industry, AnalystQ leaves no stones unturned in bragging about their company by stating that they offer over 16,000 tradable instruments to their clients which is more than what anyone offers around the world. We will soon find out whether what this company is claiming is true or not. 

About AnalystQ:

In this section, we will be discussing the various offers and demands met by AnalystQ. We will also be explaining the reason behind every red flag.

AnalystQ regulation:

On their website, AnalystQ claims to be founded and operated by another company that goes by the same name that is AnalystQ. Upon a little research, we found out that AnalystQ is actually based out of Dominica. Now for those who don’t know, Dominica is a part of the Caribbean island and they do not have proper regulation. Therefore, it is pretty clear that AnalystQ has a license from an offshore zone. Despite this, we decided to check for AnalystQ’s regulation on Dominica’s regulatory website. It was not much of a surprise when we did not see AnalystQ there. This raises the first red flag against the AnalystQ scam in this AnalystQ review. 

AnalystQ trading software:

It is pretty clear by now that AnalystQ has left no opportunities to brag about itself. Regarding the trading software, the company claims to offer MetaTrader 5 as their trading platform. Keep in mind that MetaTrader 5 is one of the most powerful software available in the industry. Upon rechecking the facts we could not see any traces of MetaTrader 5 or MT 5 on their website. Furthermore, we found that the platform that they provide is sloppy and lacks advanced technological features. This raises yet another red flag against the AnalystQ scam.

AnalystQ leverage:

Leverage plays an important part in trading. High leverage automatically increases the risk in a trade. Therefore, if a trader is trading with high leverage, the possibility is that they might lose. due to this reason, the leverage is capped at 1:30 in the European countries and UK while it is 1:15 in the USA. in our case, AnalystQ offers leverage up to 1:300 which is visibly a lot more than what is advised. This information is vital because most of the brokerage firms operating in the industry are market makers which means they make money when their customer loses in trade. The scam brokers will intentionally make the trader lose by offering high leverages.

Conclusion:

To conclude, we can safely say that AnalystQ is a  big scam. We request our readers to stay away from this scam broker and trade with a regulated firm. If you have been scammed by AnalystQ, report now and get an instant reply with solutions for faster recovery of funds.