QFSLedger Review – Key Features, Reviews, And Issues Revealed

One of the numerous entities presented on the company’s website is Ultra Stellar, LLC. It appears this legal entity operates all the platforms related to QFSLedger. There are also Ultra Stellar and Stellar Term websites related to this crypto wallet.

Thus, none of those platforms is a true representative of the very well-known Stellar coin (XLM). To find out why you can’t trust this crypto wallet provider, read this QFSLedger review until the end.

Broker status:	Unregulated Exchange
Regulated by:	No regulations
Operating Status:	Active Crypto Wallet Scam
Known Websites:	qfsledger.org, qfsledgerfirm.ltd
Blacklisted by:	CSA, AMF
Owner:	Ultra Stellar, LLC.
Headquarters Country:	N/A
Foundation Year:	2023
Online Trading Platforms:	Proprietary platform
Mobile Trading:	Available
Minimum Deposit:	1 XLM
Deposit Bonus:	N/A
CFD Trading Option:	No
Crypto Asset Trading:	Yes – BTC, ETH, XRM
Available Trading Instruments:	Cryptos
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	It’s quite rare to see warnings against crypto wallets, but in this case, it’s a guarantee the company is an absolute scam. Stay away from them. In case you have cryptos stuck with them, contact us for refund advice.

Is QFSLedger Legit or a Scam?

First of all, traders have to understand this exchange is decentralized (DEX). With this in mind, they can expect lower liquidity, limited support, and more complex organizations. On top of that, in some jurisdictions, these exchanges should obtain adequate DASP/VASP licenses.

Since QFSLedger didn’t do so, you shouldn’t be surprised by the warnings this company earned, starting with Canadian AMF and recently reposted by the CSA, also from Canada. Consequently, all the safety measures the company advertises become highly questionable.

Traders Experience With QFSLedger

Another key detail about this exchange is the QFSLedger reviews. Even though the company presented itself as a business registered in 2012, their domain age shows they were registered in 2023. Therefore, we are not surprised there are only a few comments about them on the Reddit platform. And yet, the company claims to have more than 1 million users.

In any case, all comments indicate the company is an absolute scam. So, if you were one of their clients, you better withdraw your money immediately. In case they won’t allow withdrawals, reach our experts for quick advice.

How Does QFSLedger Work?

As can be seen, the QFSLedger wallet provider is trying to migrate to a new platform Lobstr.co. The company advertises 30K reviews about the platform but sadly, there are only 39 comments on Trustpilot. Therefore, you can only expect manipulation from this firm. The key problem with them is targeting traders’ wallets.

What they want is simply for traders to connect their third-party wallets and give them access to their funds. That’s why trusted and regulated exchanges make a big difference. Luckily, if you have funds stuck with these swindlers, there are tools to track your crypto and apply for a refund. Get in touch today and find out the possibilities of CipherTrace.

Who Are QFSLedger Victims?

Without adequate licenses, this firm could offer services anywhere in the world. Nevertheless, since 2023, they have been mainly targeting:

• United States
• United Kingdom
• Canada
• Australia

If you have experience with this firm, feel free to share it in the comments section below. If not, make sure to read also our Cryptex Trade and 2139 reviews for more trading tips. Or simply, send us a direct message if you need advice or refund assistance with any investment firm.

What Are Trading Platforms Available?

As can be seen, the QFSLedger crypto wallet offers a web-based platform for crypto exchange. Of course, you’ll have to connect your wallet to make it work.

Besides, they offer the USDC Chain Swap platform and StellarTerm that’s pretty much a new brand. All in all, you shouldn’t expect any advanced features, spot, or futures trading options.

Is the QFSLedger Mobile Trading App Available?

QFSLedger app is not available anymore under that name. Instead, traders are redirected to use Lobstr iOS and Android apps. Whether the company was sold or just used another brand, remains a mystery.

In addition to mobile apps, there’s also the QFSLedger Vault app that should safely secure and stack your crypto. Of course, that app is also owned now by Lobstr.

What Financial Instruments Does The Platform Include?

One huge disadvantage of this crypto wallet provider is a poor coin offer. In fact, there are only a bit over 30 cryptocurrencies available on the platform, such as:

• Bitcoin
• Ethereum
• Litecoin
• Stellar and a few more

Account Types Offered by QFSLedger

In general, this company doesn’t have any specific account types you would potentially expect. The minimum requirement to get started is only 1 XLM. Fairly, with the warnings piling up, you shouldn’t even think about it.

Can a Trader Use a QFSLedger Demo Account?

The lack of demo accounts can’t be found as a disadvantage here. Fairly, all the services are simplified with this exchange, even the QFSLedger swap features.

QFSLedger Fees

Generally, this exchange has quite non-transparent costs. However, in the Lobstr help center, we can see that maximum fees can be as high as 0.81 XLM for some transactions. Therefore, there is nothing concerning. Thus, with such unclear services, that will be your last issue.

Is the QFSLedger Welcome Bonus Available?

Surprisingly, yes. The company offers welcome bonuses for depositing KSh tokens via their partnership firm ClickPesa. Again, nothing credible as top-tier licensed firms.

In addition to that, there are bonuses for referral programs paid with the AQUA coin. Honestly, nothing you should strive for.

Is QFSLedger Withdrawal Possible?

Considering multiple companies running this weird scheme, definitely not. Especially after warnings and attempts to migrate to another domain and platform. After all, without adequate licenses, you can’t expect anything else.

What Should I Do If I Have a QFSLedger Problem?

As can be seen, reporting any investment company or wallet provider can help traders recognize threats. Now, the problem is that the QFSLedger scam company still holds the money of some traders. If they don’t know how to get it back, they might take it out and disappear.

Unless you use Fusion Forensics Limited to track it down and apply for a refund as soon as possible. To do it without any unnecessary obstacles, reach our experts for a detailed guide.