Questra World Review 2024

Questra World Review 2024

Updated:
Updated: January 05, 2024

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This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

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Summary of Questra World Trading Company

According to claims, investing in Questra World can earn you a return on investment of at least 4% every week. However, a variety of online sources suggest that Questra World is an unregulated website rather than a legitimate broker, and numerous review sites have already exposed it as a scam. Concerned authorities from several nations have sent warnings about Questra World's illicit activities as a Ponzi scheme. How they are disseminating information about their illicit Ponzi scheme is concerning and constitutes a major scandal.
Questra Holdings, which is turning out to be the same as Questra World, received a regulatory warning in September 2016 from Belgium's Financial Services and Markets Authority. Although they do not sell retail goods or services, Questra World allows you to become an affiliate and make investments. They seem to have started as Questra Holdings in the middle of 2015 using the domain "questra.es," which today is non-responsive. Although the company is not a recognized credit institution or investment firm, the proposed system by Questra Holdings looks like some kind of Ponzi scheme or pyramid scheme. This brokerage has not yet received many reviews, but below are reviews from a few users and experts who could tell if a broker is genuine or a scam based on experience in the industry.

User Satisfaction i

10 comments
Total score:
2.2 /10

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pairat55
16 weeks ago

The only thing about Questra Holdings that I am not sure about is whether or not they changed their name to Questra World in response to pressure from regulatory bodies. But I am seeing the same services offered by the last broker who stole my money on this platform. If you are reading this interview, I implore you to be careful since I may not have the right to decide where you invest. You don't want to pass through what I did at the hands of an unregulated broker like Questra Holdings.

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muhjubha
20 weeks ago

It's crucial to exercise caution and be aware of potential scams in the financial industry. Most of these scam brokers scam people, and when people find out about their game, they close down the site, edit the platform, and launch again as a new broker with a different name.
If there are concerns about the legitimacy of a broker, it's advisable to thoroughly investigate and quit the temptation of investing with the broker. Questra World, in particular, appears to have a history of being associated with scams, with victims having experienced losses. Keep an eye out for companies with a dubious reputation and refrain from investing in them to safeguard your money.

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deepak2113
26 weeks ago

Something about this broker’s services seems shady. It's almost identical to Start Options; I lost a lot of money to these con artists. I believe that among them are those who have nothing but good to say about the broker. Honestly, I'm unsure whether they are employed by a broker or genuinely rewarded for encouraging affluent investors to participate in exchange for positive reviews. You appear to be a reputable group, and if this is not a scam, I wish you success. However, based on my personal experience of losing all my investments and being unable to contact the broker, it raises suspicions and seems like a scam to me.

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khairol
32 weeks ago

I have been earning a full-time income online for over 17 years, and I strongly caution against getting involved with a broker that promises returns that appear inflated, especially if they lack regulation or a legitimate physical address. Though the withdrawal system initially appears flawless, especially a few months after it is introduced, this kind of broker has a quick deposit system but a withdrawal system that makes investing intimidating and threatening. While withdrawals are permitted, the processing time is excessively long.

The last time I invested with a comparable broker, seven days passed, and I received no word about whether or not my funds were being processed or returned. They did not respond to any of my emails or correspondence in general, and they even suggested paying with cryptocurrency, even though I would prefer to pay with US dollars. I tried to express my preferences, but they said nothing, which left me unsure of their honesty and reliability. My experience leads me to strongly advise against interacting with these people because of their actions, which point to possible fraud.

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haishajee
38 weeks ago

Based on their apparent methods of operation and the fact that they are banned by several European government agencies, brokers such as this platform are effectively Ponzi schemes. The financial regulator is positive that the broker's activities are unlawful and that they do not possess an operational license, as stated in the investor alert released by the Austrian FMA and the Belgian regulators (FSMA). Thus, why would anyone wish to do business with a company that has been labeled as an investment fraud company and for which two significant regulators have issued warnings?

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chinthakapc
42 weeks ago

If the broker offers returns that are way higher than what you are investing without a transparent view of how much return is accumulated, it is a red flag. Scammers can only attract greedy people who plan to kill six birds with a single stone shot once from a catapult. Since the brokerage is still in its infancy, do not jump into investing with them without proper research; in fact, they are unregulated, and you should not have any business with such brokers in the first place.

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Rabinphaiiju
46 weeks ago

The business model presented by Questra World, claiming to pay up to 312% ROI per year, raises significant concerns. If the company has a legitimate and profitable business, there would be little need to collect investments from individuals to pay such high returns. Instead, a legitimate business could secure bank loans at much lower rates.

This aspect of their business model suggests characteristics of a Ponzi scheme, where returns to earlier investors are paid with the capital from newer investors rather than legitimate profits. In addition to the questionable business model, previous evidence also supports the conclusion that Questra World is an illegal company, exhibiting traits of a Ponzi and pyramid scheme.

Contacts

Registration address According to claims, the corporate address is based in Madrid, Spain, but reviews prove this is not genuine. Also, they claim to be reachable at support@questraworld.es or support.office@questraworld.es.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Why has Questra World been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against Questra World by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Questra World is down, not updated or operates with clear errors and some features are not available;
• Questra World has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if Questra World got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why Questra World got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from Questra World?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if Questra World is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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