Quilter Cheviot Europe Limited (CLONE) has been flagged by Central Bank of Ireland for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was about to invest with Quilter Cheviot Europe Limited (CLONE) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Central Bank of Ireland has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
If you are reading this considering Quilter Cheviot Europe Limited (CLONE) - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over for roughly four months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Instant funding|Risk management tools|Fast deposits|API access
Cons: Minimum deposit could be lower
The hidden fees at Quilter Cheviot Europe Limited (CLONE) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Clean UI|Multiple order types|Easy to use platform|Easy withdrawals
Cons: Nothing significant
I closed a profitable position at Quilter Cheviot Europe Limited (CLONE) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Dedicated account manager|Comprehensive tools
Cons: Desktop app not available on Linux
After for about five months with Quilter Cheviot Europe Limited (CLONE) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Personal attention|No hidden fees|Economic calendar
Cons: Onboarding videos are outdated|Research section could be deeper
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Quilter Cheviot Europe Limited (CLONE) is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns