Brokers  /  Qicmarket

Qicmarket

Severe risk
Dominica · 5-10 years · since 2021-06-10 · Sequoia Group LTD
Unregulated
Visit site ↗
3.2/5
★★★★★ ★★★★★
2 reviews ›
0
Licenses ›
1
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
75/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 100% negative
Independent ratingshow third parties score this broker
WikiFX1.51/10
Trustpilot3.2/5
Forex Peace Army—/5
75
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Dominica (offshore, light oversight)
  • Withdrawal complaints in ~50% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints1812%
Offshore registration808%
Transparency (site/info/social)5310%
Real-user sentiment508%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameSequoia Group LTD
Headquarters Dominica
Founded2021-06-10
Years operating5-10 years
Employees0
Official websiteqicmarket.group
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
8 Copthall, Roseau valley, 00152 Commonwealth of Dominica

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Rating mismatch — Industry-tracker scores run far lower than real users do (gap -2.45)

Across 2 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (1 reports) — the classic warning sign in forex.

0
Period:
What users complain about
Where reviewers are from
🇬🇧 GB1
Colombia1

Real user reviews

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About Qicmarket

Qicmarket is a forex and CFD broker based in Dominica, with records dating to 2021-06-10. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

On Trustpilot, Qicmarket holds a real-user score of 3.2/5 across 1 reviews. Withdrawal problems appear 1 times — always test a small withdrawal first.

Overview compiled by FXCanary from regulatory records and public data. full Qicmarket review