Quick Gains Limited is a contract-for-difference brokerage firm with a domain registered on March 19, 2024. The broker primarily offers investment services in forex, cryptocurrencies, indices, stocks, energy, and commodities, but does not provide services in countries and regions where doing so would violate local laws or regulations.
Company Registration and Regulatory Status
According to publicly available information on the Quick Gains Limited website, the broker was established in 2016, claims to be a VLS entity, and asserts that it is regulated by the Australian Securities and Investments Commission (ASIC). Its registered office is in London, UK. However, the broker does not disclose the company's entity registration information or detailed regulatory details.
In verification, no company named “VLS” could be found in the ASIC registry. Additionally, the UK Companies House listed a company named "Quick Gains Limited," but it was dissolved on October 24, 2023.
Therefore, Quick Gains Limited appears to be a fraudulent brokerage site without any corporate entity or regulatory oversight.
Account Opening Process
The account opening process for Quick Gains Limited involves visiting their website, clicking "Open Account" on the homepage or "SIGN UP" at the top right corner, filling in personal information such as name and email, setting a password, and submitting the form. Once verified, the account will be successfully registered.
Trading Instruments
Quick Gains Limited offers a range of trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Currency trading is known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Provides opportunities to speculate on the performance of entire markets or industries without trading individual stocks, offering diverse trading opportunities and high leverage potential.
- Commodities: Encompasses trading critical resources globally, allowing buy/sell transactions of raw materials such as metals, energy, and agricultural products.
- Stocks: Enables investors to engage in price fluctuations based on company performance, earning profits from price changes and dividends without owning the stock.
- Cryptocurrencies: Offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Quick Gains Limited offers four types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: $500
- Minimum Expected Profit: $3,500
- Maximum Expected Profit: $5,000
- Trader Education*
- Risk Management
- Tax-free Spread Trading Profits
CLASSIC ACCOUNT:
- Minimum Deposit: $5,000
- Minimum Expected Profit: $45,000
- Maximum Expected Profit: $50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-free Spread Trading Profits
PLATINUM:
- Minimum Deposit: $10,000
- Minimum Expected Profit: $99,999
- Full Benefits
- Trader Education*
- Advanced Risk Management
- Tax-free Spread Trading Profits
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals Daily
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payments Only
- Use Any Broker
Trading Platform
Quick Gains Limited provides a self-developed trading platform, claiming an average order execution speed under 7.12 milliseconds, with more than 12,000 orders executed per second. However, the provided download link directs to the MT4 platform, where no broker named Quick Gains Limited can be found.
Deposits and Withdrawals
Quick Gains Limited does not support deposits and withdrawals via credit cards or bank transfers but only through cryptocurrencies.
Conclusion
Traderknows reminds investors that Quick Gains Limited is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
