The Seychelles Financial Services Authority (FSA) issued an alert regarding the website https://qtradealgo.com, which references a company named “QuestTrade Algorithm/TradeStratIQ” and claims to be authorised and regulated by the FSA under license number SD018. The FSA stated the entity is not known to it, does not hold a valid license, and is not regulated by the FSA in any capacity. The FSA added that the website is not linked to any entity licensed or regulated by the Authority. It urged investors and the public to carry out adequate research and evaluation of entities, service providers and representatives before conducting business or transactions involving money exchanges or sharing personal details, and noted it is not responsible if persons continue or maintain a client relationship with, or use services provided by, the website.
Seychelles Financial Services Authority 2025-09-22
Seychelles Financial Services Authority warns qtradealgo.com is falsely claiming regulation under FSA license SD018
The Seychelles Financial Services Authority (FSA) issued an alert regarding the website qtradealgo.com, which falsely claims to be authorised and regulated by the FSA under license number SD018. The FSA clarified that the entity is not known to it, does not hold a valid license, and is not regulated by the FSA. Investors and the public are urged to conduct thorough research before engaging with entities or services claiming FSA regulation.