Quantum Market - BaFin warns against this broker
The alleged online broker Quantum Market sells itself as a decent platform for online trading. However, there are more and more indications that there are strikingly many inconsistencies at Quantum Market. Reports from traders about Quantum Market are accumulating, talking about telephone terror, rip-offs and investment fraud. Many have lost their capital invested in Quantum Market. Serious doubts are spreading. Meanwhile, many Quantum Market investors are afraid that it is an investment fraud. All Quantum Market investors are wondering if they have become victims of investment scammers? And what can Quantum Market investors do if the suspicion of investment fraud is confirmed? How can Quantum Market investors get their money back? Does it make sense to file a criminal complaint against Quantum Market with the police? What help is available in case of investment fraud?
Quantum Market: Suspicious affirmations
What do baffled visitors read on Quantum Market's website? "Our goal is to provide our clients with exceptional service...We achieve this through our client-centric approach, our continued investment in technology and our product suite, platforms and tools...It demonstrates that Quantummarket is a forward-thinking, innovative and dynamic company...We intend to provide the best trading experience in the industry." These are just small excerpts of the untrustworthy claims that curious people can find on Quantum Market's website. None of these given assurances by Quantum Market have been kept. Regrettably, the suspect business practices tend to make for disappointed investors and bad experiences!
Quantum Market: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Quantum Market makers is that the website quantummarket.net does not contain an imprint. Thus, the complete information about the legally responsible operators of the website is missing. If you take a look at the domain data of the Quantum Market website, you will not find any information about the operators. However, one learns that the domain was registered with NameCheap, Inc. as recently as May 28, 2021. The real domain owners hide behind the Icelandic anonymization service Withheld for Privacy ehf.
Quantum Market: Who is behind it?
Answering this question will be rather difficult for many investors, as the Quantum Market makers do everything to conceal the true circumstances. However, this is nothing unusual. The perpetrators mostly operate several of these websites with the same fraudulent business model. These are created in advance, quickly put online and just as quickly shut down. The top-level domain is often changed to deceive financial regulators and law enforcement agencies. But who is the operator? There is scant information about this on the Quantum Market website. It does list the company QuantumMarket LTD. with both business addresses at Cnr Old and Church Street, P.O. Box 2290, Roseau, Commonwealth of Dominica and The Shard, 32 London Bridge St, London SE1 9SG, United Kingdom, but the makers of Quantum Market cannot be found under this address. In addition, there is the obligatory support e-mail address and the telephone number +441519471063.
Quantum Market: The customer acquisition of the investment fraudsters
The same procedure can be found here again and again: In order to acquire new customers, Quantum Market offers are promoted in all possible media and channels. Not infrequently, these are false promises. To increase the effect, they upload videos on YouTube in which interested investors are convinced with fictitious references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with the erroneous reference to the TV show "Die Höhle der Löwen". With the same goal, an affiliate program is usually launched to give others incentive to intensively promote Quantum Market.
Quantum Market: criminal business practices.
As soon as the customer has registered on the trading platform, he receives calls from alleged financial brokers who like to refer to their years of experience and satisfied customer base. In many cases, however, the makers of this business model are fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Usually the investors start with a small sum as employment. Beforehand, investors are also often motivated to install remote maintenance software, such as AnyDesk or TeamViewer on their computers, so that assistance can supposedly be provided with the first steps. In many cases, the computer is subsequently manipulated and unwanted transactions are carried out. In the process, the investment fraudsters also frequently gain access to their victims' online banking. What is particularly criminal, however, is when supposed profits are displayed on the trading platform in order to entice the customer to place further high stakes. In some cases, even small sums are returned in order to lull investors into a sense of security. Who then does not want to further increase the stakes? But what happens next?
Quantum Market: repayment of money is subject to conditions
Once in, exit is mostly impossible. Rather, the administrators of the investment scammers tie a repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, it would come to the disbursement of the allegedly obtained profits. The perpetrators send the investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. A clearing with the allegedly obtained profits, is never possible. If an investor refuses further deposits, alleged profits are converted by senseless transactions into losses and the customer maximally damaged. This is not the end of the horror, but investors are permanently confronted with calls from other dubious providers. This indicates that the contact details of the investors are further traded among the investment fraudsters. In the end, a "savior" regularly comes forward, claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraud gang. The next rip-off! And of course, the "savior" wants a small fee - in advance!
Quantum Market: scheme of investment fraud?
There is no regulation of the online broker Quantum Market. Quantum Market lacks authorization from a recognized European financial regulator, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is often used by brokers. Likewise, there is no authorization from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. For this, there is a warning from BaFin dated 17.08.2021. It is also obvious that Quantum Market is a scheme of capital investment fraud. All investors harmed by Quantum Market should be advised to contact an investment fraud attorney immediately.
Quantum Market: where are the fraudsters active?
Investors are dealing with Quantum Market investment fraud in Germany, Switzerland and Austria. Quantum Market's activities are by no means limited to the DACH region. Since Quantum Market also addresses English-speaking investors, it is only a matter of time before those defrauded by this group of speakers also come forward. A look at the list of regulators is recommended before any financial commitment to reduce the risk of becoming a victim of investment fraud.
Quantum Market: Claims for damages against involved banks
A permit from the German Federal Financial Supervisory Authority (BaFin) is a mandatory requirement for financial services and investment transactions in Germany. Transacting, supporting or facilitating transactions of this kind, even across borders into Germany, is prohibited. Persons who nevertheless take part in it are obligated to the victims to compensation. These investment fraud cases would not have been feasible without such banks.
Quantum Market: Investors want their money back!
The circumstances are by far better than it seems. Victims can defend themselves and reclaim their invested capital. At the moment, it is not likely that the Quantum Market investment fraudsters will be caught soon, but there is reason for hope. The reason for this is the fact that the money transactions were made through accounts that were actually provided by reputable banks. Their responsible persons obviously neglected to control the partly high and therefore controllable deposits of the investors and their forwarding for legality. Such carelessness enabled the investment fraudsters to carry out their criminal activities in the first place.
Quantum Market: They want their money back! How does it work?
Equipped with this knowledge, no investor would have entered into a business relationship with Quantum Market. Now the only alternative left for the defrauded is to seek compensation for damages. Many investors can't even imagine that there is any real chance of ever seeing their money back. Clearly yes! There are numerous legal bases to fall back on. The generic term is "money laundering." When investment fraudsters collect money, the crime of money laundering is committed. Financial institutions have a duty to take action against money laundering. This is where one starts with good chances of success. First of all, essential questions must be clarified. For what purpose did the funds embezzled by Quantum Market flow? Is there any chance that the victims of the investment fraud will get back the money they invested with Quantum Market? What actions are warranted from this point forward? An attorney specializing in investment fraud will best answer such questions for you.
Quantum Market: Who can help?
What to do in case of investment fraud? What investment fraud help can Quantum Market victims hope for? Quantum Market victims can ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your Quantum Market case both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A trading lawyer is also an option, because he is also familiar with the methods of fraudulent brokers, such as Quantum Market.
Quantum Market: Follow the money trail!
Abuses of such kind on the unregulated capital market pursue the Anlegerschutzkanzlei Resch attorneys for over 30 years. The procedure of the Quantum Market is in this respect nothing new. Over the decades, Resch Rechtsanwälte has developed a powerful equipment for tracking down the embezzled money and tracing the money trails. In times of the Internet it has become really difficult to make funds disappear. The more expeditiously investors follow the money trail, the better the chances are that they will see their invested capital again. It is important now that investors who have been harmed by Quantum Market act immediately.
RESCH Attorneys at Law - Experience in Investor Protection since 1986
If you have been a victim of Quantum Market and want to know if and how you can get your money back, call 030 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.
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