Qfsxledger.com Is Qfs X Ledger a SCAM?

Welcome to our Qfs X Ledger Review regarding the website at qfsxledger.com.

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Qfs X Ledger Review - Screenshot of qfsxledger.com

On July 1, 2023, the following complaint was filed with the BBB (Better Business Bureau) by a person from Ohio, USA, who reported being scammed for $336:

A man who goes by the name Alex Vasa, also known as the “West Coast Wizard,” seemed generally helpful at first. He recommended a website for storing cryptocurrency, https://qfsxledger.com. After I deposited my cryptocurrency into this site and began exploring its features, I discovered that I couldn’t withdraw my funds. When I contacted Alex Vasa for assistance, he became defensive, threatened to block me, and essentially held my money hostage by playing games with me.

So what exactly is qfsxledger.com, and is it a SCAM?

Qfsxledger.com Review

Qfsxledger.com was registered through Whogohost Limited on June 7, 2023, for one year.

According to SimilarWeb, the website received 352 visits in August 2023.

It has a 2% SEMrush Authority Score with 2 backlinks from scam-detector.com and xploredomains.com.

On Google, only the homepage is indexed with the title “Qfsxledger- Home” and the description:

At Qfsxledger, we specialize in providing top-notch secure asset management solutions. With our cutting-edge technology and expertise, we enable individuals and …

Qfsxledger markets itself as a leading asset security company dedicated to safeguarding digital assets. The company emphasizes its commitment to the protection of assets through advanced encryption and authentication methods. They claim to have expertise in the industry, boasting a team of professionals skilled in asset security.

Qfsxledger also offers 24/7 customer service and promotes itself as a scalable solution, claiming to accommodate both individual and enterprise-level needs.

Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.

    The company says it serves a large user base with over 900,000 total visitors and 2.6 million total members. This doesn’t add up; as we have seen, their traffic volume is much lower.

    They also provide market updates on various cryptocurrencies.

    Now for the red flags.

    Red Flags

    First, the introduction on the homepage hints at a “global event and a blackout coming soon,” which could be seen as alarmist language aimed at coercing people into using their service out of fear. This doesn’t necessarily instill confidence but rather suggests a potential scare tactic.

    Second, despite claiming to be a leading company in asset security, there’s no information on any regulatory oversight or licenses that they might have. Companies dealing with financial assets generally need to have some kind of regulatory approval or oversight to operate legally.

    Third, the text is riddled with inconsistencies in formatting and grammar, such as the random use of lowercase and uppercase, which may raise concerns about the professionalism and legitimacy of the business.

    Lastly, while they provide an email address (Support@qfsxledger.com) for contact, there is no further information about the company’s location, its executives, or its history, making it difficult to verify its legitimacy. Also, images of the Google Play and App Store download buttons and links to social media are broken and are not functional links.

    Overall, while Qfsxledger promises asset security and ease of use, several red flags could make potential users skeptical about the service’s authenticity and credibility.

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    Qfs X Ledger Reviews

    There aren’t many reviews about Qfsxledger.com, which is not surprising due to how young this website is (about 3 months at the time of writing).

    In fact, we only found one review on mintonblock.com.

    The article from MintonBlock seeks to evaluate the legitimacy of Qfsxledger.com, posing the question: “Is Qfsxledger.com legit?” Qfsxledger.com is described as an offshore scam broker, and the article urges clients to be wary of trading with them. It is reported that Qfsxledger.com might operate in numerous countries without requisite regulation, like FSMA, FCA, CySec, ASIC, etc. A variety of negative reviews and complaints about Qfsxledger.com have been registered. The article suggests that funds may not be safe if they are being traded with this broker.

    Additionally, the platform supposedly claims to offer ways to earn passive income. However, MintonBlock’s investigation finds that the broker’s claims are suspect and may be fraudulent. The website of Qfsxledger.com does not reveal any real information about its staff. Instead, it allegedly displays stock images falsely portraying them as staff members. There’s also mention of Qfsxledger.com trying to appear legitimate by obtaining a FinCEN certificate for MSB registration, which offshore scammers can obtain using misleading information.

    A section enumerates various possible fraudulent activities of Qfsxledger.com, such as making false claims, having dubious rules and regulations, and a history of changing its name and URL without notifying traders.

    The article concludes that Qfsxledger.com is likely a scam and advises investors to avoid it.

    Red Flags

    1. Qfsxledger.com is described as an offshore scam broker.
    2. The broker operates in numerous countries without the requisite regulation.
    3. Numerous negative reviews and complaints about Qfsxledger.com.
    4. They claim to offer passive income opportunities, which might be a front for scamming.
    5. Absence of real staff information on their website; using stock photos as staff pictures.
    6. Obtained a FinCEN certificate for MSB registration, which is sometimes procured using false information by scammers.
    7. The broker has shown a pattern of changing its name and URL without informing its users.
    8. The platform’s risk warnings may not be adequately disclosed or could be hidden.
    9. Persistent calls to traders, urging them to invest more.
    10. Withdrawal policies are described as being designed to defraud investors.
    11. The platform’s location might be in countries with lax regulations, making them a potential haven for scam activities.

    It’s always important for investors to be skeptical and cautious when deciding where to place their funds, especially in the world of digital assets and online platforms. Always research and ensure that any platform or broker is regulated and trustworthy before making an investment.

    Qfsxledger Review Conclusion

    Our comprehensive review of Qfsxledger.com reveals several troubling red flags that make it difficult to recommend this platform as a legitimate or safe option for asset management. From its lack of clear regulatory oversight and dubious claims of offering passive income opportunities, to the reported absence of real staff information and inconsistent online presence, Qfsxledger.com exhibits traits commonly associated with offshore scam brokers.

    While the platform markets itself as a secure asset management solution with expertise in the industry, there is a startling dissonance between these claims and the reported user experiences, including complaints about the inability to withdraw funds. The platform’s self-reported user base is also incongruent with its actual traffic, further casting doubt on its credibility.

    Even more concerning are the allegations of manipulative tactics, such as persistent calls to traders urging them to invest more and withdrawal policies designed to defraud investors. Additionally, the platform’s murky presence in countries with lax regulatory frameworks implies that investors have limited to no legal recourse in case of fraud.

    Bottom Line

    Given all these factors, as well as corroborating findings from other sources like MintonBlock, it is our recommendation to approach Qfsxledger.com with extreme caution. If you’ve already invested with them, it might be wise to cease any further transactions immediately. As always, the safest course of action is to only invest with platforms that are regulated by reputable financial authorities and have a consistent history of transparency and reliability.

    Please comment below this review if you have fallen victim to online scams. Did you suffer a substantial financial loss? Do not despair. We are here to assist you in recovering your funds!

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