Warning Investors AQRE Technologies aka AQRE FX – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Who is AQRE FX?
AQRE FX is a prop trading company that claims to provide traders with an opportunity to trade various financial markets with up to 95% profit split and low profit target. The company also claims to support the use of trading bots and AI on its platform, as long as they comply with its terms and conditions. AQRE FX was founded in 2023 by AQRE Technologies, a digital solutions company that specializes in web and app development, branding and social media management.
Regulation of AQRE FX
AQRE FX is not regulated by any financial authority and does not have a license to operate in Canada or any other jurisdiction. The company has been issued a warning by the Alberta Securities Commission (ASC) on 12 Dec 2023 for engaging in activities that may pose a risk to investors. According to the ASC, AQRE FX may be involved in the issuance, offer or sale of securities or derivatives, or may have failed to comply with Alberta securities laws or reporting requirements. The ASC advises investors to exercise caution when dealing with AQRE FX or any other unregistered entity.
Location of AQRE FX
AQRE FX does not disclose its physical address or contact details on its website. The only way to reach the company is through an online submission form or an email address. The company’s website domain is registered in Panama, which is known for its lax regulations and secrecy laws. The company’s parent company, AQRE Technologies, has offices in the US and Canada, but it is unclear if they are related to AQRE FX’s operations.
Services offered by AQRE FX
AQRE FX offers traders access to various financial markets, including forex, crypto, stocks and indices. The company has two types of accounts: one-stage and two-stage evaluation accounts. Traders can choose from different account sizes ranging from $25,000 to $500,000, with different profit targets and drawdown limits. Traders who pass the evaluation stage can trade on a live account with up to 95% profit split and access to all markets. Traders can also use trading bots or AI on their accounts, as long as they do not violate the company’s conditions.
Reviews of AQRE FX
There are not many reviews of AQRE FX online, which may indicate that the company is relatively new or has a low customer base. The few reviews that are available are mostly positive, praising the company’s profit split, low profit target and support for trading bots. However, some reviewers also point out the lack of regulation, transparency and customer service of the company. Some reviewers also question the legitimacy and credibility of the company and warn potential traders to be careful.
Customer Service of AQRE FX
AQRE FX does not have a dedicated customer service team or a phone number that traders can call for assistance. The only way to contact the company is through an online submission form or an email address. The company does not provide any information about its response time or availability. Some reviewers complain that the company is slow to respond or does not reply at all. Some reviewers also report that the company does not honour its payout requests or terms and conditions.
Securing Your Investments Against Unscrupulous Brokers
Trading with unregulated brokers can expose you to various risks, such as fraud, manipulation, theft or loss of funds. To protect yourself from unscrupulous brokers, you should always do your due diligence before investing your money. Here are some tips to help you secure your investments:
– Check the registration status and background of any broker or entity you are considering investing with. You can use online databases such as the Canadian Securities Administrators (CSA) National Registration Search or the Investment Industry Regulatory Organization of Canada (IIROC) AdvisorReport.
– Avoid brokers that offer unrealistic returns, high leverage, low fees or bonuses that are too good to be true. These are usually signs of scams or schemes that aim to lure unsuspecting investors.
– Read and understand the terms and conditions of any contract or agreement you sign with a broker. Make sure you know your rights and obligations, as well as the fees, charges and penalties involved.
– Keep records of all your transactions and communications with your broker. This can help you in case of any dispute or complaint.
– Report any suspicious or fraudulent activity to the relevant authorities, such as the ASC, the CSA or the IIROC. You can also file a complaint with the Ombudsman for Banking Services and Investments (OBSI) if you are not satisfied with the resolution of your issue.
AQRE FX is a prop trading company that offers traders access to various financial markets, including forex, crypto, stocks and indices. The company is not regulated by any financial authority and has been issued a warning by the ASC for engaging in activities that may pose a risk to investors. The company does not disclose its location or contact details and has a low online presence and reputation. The company also has a poor customer service and may not honour its payout requests or terms and conditions. Traders who are interested in trading with AQRE FX should exercise caution and do their due diligence before investing their money. Traders should also follow some tips to secure their investments against unscrupulous brokers, such as checking the registration status, reading the terms and conditions, keeping records and reporting any suspicious or fraudulent activity.