Date of Alert: 2024-03-04

The British Columbia Securities Commission (BCSC) has issued an investor alert concerning QuantumTrade, a firm purporting to be based in Austria. QuantumTrade offers various account types for trading in forex, stocks, indices, cryptocurrencies, and commodities. It has come to light that QuantumTrade has been accepting residents from British Columbia (BC) as clients.

Critical Points:

• QuantumTrade Websites: https://www.quantumtrade.co and https://www.quantumtrade.io
• Location Claim: Austria
• Unregistered Operations: QuantumTrade is not registered to trade in or advise on securities or derivatives in British Columbia.

The BCSC urges residents to exercise extreme caution when dealing with firms like QuantumTrade that are not registered to trade or advise in BC. Engaging with unregistered platforms can lead to significant financial losses and compromise personal information.

If you or someone you know has been affected by dealings with QuantumTrade or similar unregistered entities, you are encouraged to come forward and share your story. Your experience can be invaluable in preventing others from falling victim to similar scams.