AQRE FX Review

Who is AQRE FX?

AQRE FX is a prop trading company that claims to offer traders the opportunity to trade various financial markets, including forex, crypto, stocks and indices, 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.

According to its website, AQRE FX is a subsidiary of AQRE Technologies, a digital solutions company that specializes in web and app development, branding and social media management. AQRE Technologies was founded in 2023 and has offices in the US and Canada.

Regulation of AQRE FX

One of the most important aspects of choosing a prop trading company is to check its regulatory status. A regulated prop trading company is subject to oversight and supervision by a reputable authority, such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC) in Australia. A regulated prop trading company must comply with certain rules and standards regarding capital adequacy, client protection, risk management, transparency and reporting.

However, AQRE FX is not registered or regulated by any authority in any 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. The ASC stated that AQRE FX may be illegally issuing, offering or selling securities or derivatives in Alberta without registration or reporting requirements. The ASC also advised investors to exercise caution when dealing with AQRE FX or any related entities.

Location of AQRE FX

Another important aspect of choosing a prop trading company is to check its location and contact details. A legitimate prop trading company should have a physical address and a phone number that can be verified. A prop trading company that operates from an offshore jurisdiction or does not provide any contact information may be a sign of a scam.

According to its website, AQRE FX has two locations: one in Sheridan, Wyoming, USA and another in Mississauga, Ontario, Canada. However, these locations may not be reliable or accurate, as they are also shared by AQRE Technologies, which may indicate that AQRE FX does not have a separate legal entity or office. Moreover, the phone number provided by AQRE FX is a toll-free number that does not indicate its location or origin. The only other contact information provided by AQRE FX is an email address.

Services offered by AQRE FX

AQRE FX offers traders two types of accounts: one-stage and two-stage evaluation accounts. The one-stage account requires traders to pay a fee ranging from $99 to $999 depending on the account size (from $10k to $100k), and achieve a profit target of 8% within 30 calendar days with a maximum drawdown of 16%. The two-stage account requires traders to pay a fee ranging from $149 to $1499 depending on the account size (from $10k to $200k), and achieve a profit target of 4% in stage one and 8% in stage two within 60 calendar days with a maximum drawdown of 16%.

Once traders pass the evaluation process, they are eligible for a funded account with up to 95% profit split and access to various financial markets, including forex, crypto, stocks and indices. AQRE FX claims to support the use of trading bots and AI on its platform, as long as they do not violate any of its conditions. AQRE FX also claims to offer fast payouts within 2-4 business days via Deel or Coinbase.

Reviews of AQRE FX

One of the best ways to assess the reputation and credibility of a prop trading company is to check its reviews from other traders who have used its services. A prop trading company that has positive reviews from satisfied customers may indicate that it is trustworthy and reliable. A prop trading company that has negative reviews from unhappy customers may indicate that it is fraudulent or incompetent.

However, AQRE FX does not have any reviews from other traders on any reputable or independent platforms, such as Trustpilot, Forex Peace Army or Myfxbook. This may indicate that AQRE FX is a new or unknown prop trading company that has not established a reputation or customer base in the industry. Alternatively, it may indicate that AQRE FX is a scam or a Ponzi scheme that does not have any real customers or traders.

Customer Service of AQRE FX

Another way to assess the quality and professionalism of a prop trading company is to check its customer service and support. A prop trading company that has responsive, helpful and friendly customer service may indicate that it cares about its customers and their needs. A prop trading company that has unresponsive, rude or indifferent customer service may indicate that it does not value its customers or their feedback.

According to its website, AQRE FX provides customer service and support via email and phone. However, there is no information on the availability or working hours of its customer service team. There is also no information on the response time or resolution rate of its customer service team. Moreover, there is no evidence or testimonial from other traders who have contacted or interacted with its customer service team.

Securing Your Investments Against Unscrupulous Brokers

As you can see, AQRE FX is a prop trading company that raises many red flags and concerns regarding its legitimacy, regulation, location, services, reputation and customer service. Therefore, it is highly advisable to avoid dealing with AQRE FX or any related entities, as they may pose a high risk to your investments and personal information.

If you are looking for a reliable and reputable prop trading company, here are some tips on how to secure your investments against unscrupulous brokers:

– Do your research: Before choosing a prop trading company, make sure to do your research and check its background, history, regulation, location, contact details, services, reviews and customer service. You can use various sources and platforms, such as the internet, social media, forums, blogs, review sites and regulatory websites.

– Verify its regulation: Make sure that the prop trading company you choose is registered and regulated by a reputable authority in a reputable jurisdiction. You can verify its regulation by checking its license number and registration details on the official website of the regulator. You can also contact the regulator directly to confirm its status and validity.

– Read the terms and conditions: Before signing up for a prop trading account, make sure to read the terms and conditions carefully and understand the rules and requirements of the evaluation process, the funded account, the profit split, the payouts, the fees and the risks involved. You should also be aware of any hidden or additional charges or clauses that may affect your rights or obligations.

– Test its customer service: Before depositing any money or starting any trading activity, make sure to test the customer service and support of the prop trading company. You can contact them via email, phone or chat and ask them some questions or raise some issues. You should evaluate their response time, resolution rate, professionalism and friendliness.

– Start small: If you decide to proceed with a prop trading company, make sure to start small and choose the smallest account size possible. You should also use a separate bank account or payment method that is not linked to your personal or main account. You should also monitor your account activity and performance closely and regularly.

– Withdraw your profits: If you manage to pass the evaluation process and receive a funded account, make sure to withdraw your profits as soon as possible and as often as possible. You should also keep a record of your transactions and communications with the prop trading company. You should also report any suspicious or fraudulent activity to the relevant authorities.

Conclusion

AQRE FX is a prop trading company that offers traders access to various financial markets, including forex, crypto, stocks and indices. However, the company is not registered or regulated by any authority, and has been issued a warning by the Alberta Securities Commission. The company also has many red flags regarding its legitimacy, location, services, reputation and customer service. Therefore, it is highly advisable to avoid dealing with AQRE FX or any related entities, as they may pose a high risk to your investments and personal information.

If you are looking for a reliable and reputable prop trading company, you should do your research and verify its regulation, location, contact details, services, reviews and customer service. You should also read the terms and conditions carefully and understand the rules and requirements of the evaluation process, the funded account, the profit split, the payouts, the fees and the risks involved. You should also test its customer service before depositing any money or starting any trading activity. You should also start small and withdraw your profits regularly.