The German BaFin has warned against the broker scam Quova (www.quova.io), stating that it has no connection to BaFin-regulated Quantumrock Capital GmbH. Instead, it is a case of identity fraud. The poorly made white-label broker offers trading with stocks, forex, and CFD. The scam runs on the platform of Titan Technologies, a broker technology provider in Cyprus. Do yourself a favor and stay far away from Quova and protect your financial health.
|Fraud activity||Scam broker|
|Legal entities||Quova Group AG (fake)|
Quova Technologies GmbH (fake)
The Quova website does not provide any information about the operators. However, the operator of the white-label platform on which Quova runs should know the scammers.
The white-label broker scam Quova is operated on the broker platform of Titan Technologies in Cyprus (again). The co-founder of Titan Technologies is Jacob Yasha Polyakov, who also claims to be the co-founder of the payment processor kopayment in Singapore on LinkedIn.
If you have any information about Quova or other scams, please let us know via our whistleblower system, Whistle42.