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.
Key Data
| Trading name | Quova |
| Fraud activity | Scam broker |
| Domain | https://quova.io |
| Platform | Titan Technologies |
| Legal entities | Quova Group AG (fake) Quova Technologies GmbH (fake) |
| Jurisdiction | Germany |
| Authorization | No |
| Warning | BaFin |
Short Narrative
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.
Report Scammers
If you have any information about Quova or other scams, please let us know via our whistleblower system, Whistle42.
