Quyen

Quyen is a retail forex and CFD brokerage registered in Hong Kong, incorporated on 4 April 2023. The firm lists its registered address as UNIT NO.A222,3F, HANG FUNG INDUSTRIAL BUILDING, PHASE2,NO.2G HOK YUEN STREET, HUNGHOM HK. Its official website is quyentmarkets.com.

The broker offers a range of account types catering to different trading styles and capital levels. According to registration records, Quyen does not hold any known regulatory licenses or authorizations from a financial supervisory body. This lack of oversight is a significant point for potential traders to consider.

Quyen provides five distinct account tiers: SFCOPY, PAMM (PREMIUM), AUTO, PREMIUM, and MICRO. The SFCOPY account has a minimum deposit of $500 for Strategy Providers and $100 for Followers, with maximum leverage of 1:400. The PAMM (PREMIUM) account requires a $250 minimum deposit and offers leverage up to 1:300.

The AUTO account starts at $200 and provides leverage up to 1:500, while the standard PREMIUM account requires $100 and also offers 1:500 leverage. For smaller traders, the MICRO account has a minimum deposit of just $5 and offers the highest leverage of 1:1000. This wide range aims to accommodate both novice and experienced traders with varying risk appetites.

Our review of regulatory databases found no active licenses for Quyen under any financial authority. The broker is registered in Hong Kong as a private limited company but is not supervised by the Hong Kong Securities and Futures Commission (SFC) or any equivalent regulator. This absence of regulation means traders do not benefit from investor protection schemes, dispute resolution services, or mandatory capital adequacy requirements.

FXCanary’s proprietary Scam Risk Score for Quyen stands at 52 out of 100, indicating an elevated risk level. This score reflects the combination of being unregulated, having a short operating history (since 2023), and limited publicly available information about the broker’s operations and financial standing.

The broker appears to target retail traders seeking flexible account options and high leverage. The MICRO account’s $5 minimum deposit suggests an intention to attract beginners or those wishing to trade with minimal capital. Conversely, the PAMM and SFCOPY accounts imply offerings for copy trading and money management services.

However, the lack of regulatory oversight makes these accounts unsuitable for risk-averse traders. The high leverage available (up to 1:1000) can amplify both gains and losses, and without regulatory safeguards, clients assume full counterparty risk.

Independent public information about Quyen is scarce. The firm’s website likely contains more details, but we were unable to access it for this profile due to the absence of search results. The known facts do not specify the instruments offered, trading platforms, or deposit/withdrawal methods. This opacity further contributes to the elevated risk score.

Prospective clients should exercise extreme caution and seek full disclosure from the broker before committing funds. The combination of an unregulated status and a short track record warrants thorough due diligence.