First of all, if you want to know either we recommend Questra World or not, then the straight forward answer is we don’t recommend it and we have listed it within our Scams sites list because we never recommend any companies which business model is not legal. But, in case of QuestraWorld, it has already got lots of legal warnings.
Actually the Questra World and Questra Holdings is a same company. So, from now when we are saying Questra World here within our QuestraWorld.es review, then that means we are talking about both Questra World and Questra Holdings.
The first publish date of this QuestraWorld review: 29 September 2017, Revised Date: 30 January 2024
April 12, 2020
What is Questra World and why don’t we recommend it?
Questra World is a company with lots of warnings from concerned authorities for operating illegally as a Ponzi scheme. So, the main reason we don’t recommend the Questra World is its business model which has lots of warnings from concerned authorities. So, why should we choose such business which has lots of warnings from the concerned authorities of different countries when there are plenty of other online work and business options?
Actually, Questra World was known as Questra Holdings before. That time they had used “questra.es” as their domain which is not responsive anymore. But later on, in September 2016, Belgium’s Financial Services and Markets Authority issued a regulatory warning against Questra Holdings.
It seems they changed their name from Questra Holdings to Questra World and domain from “questra.es” to “questraworld.es” after that warning, but they got that warning due to their business model which has every appearance of being pyramidal type or at least of a Ponzi fraud according to the Belgian authorities.
Questra World still fails to provide the verifiable source of revenue that Questra World is generating. The only verifiable source of income we can see is the amount invested by the affiliates. So, they are using the investment from new affiliates to pay existing affiliates which makes Questra World a Ponzi scheme, an illegal scheme.
More Details
Actually, the Belgium’s Financial Services and Markets Authority was not the only one who issued warning against QuestraWorld, but from time to time, the different concerned authorities from different countries have issued warnings against Questra World for several legal problems.
On 27 October 2016, Austria’s Financial Market Authority also issued an investor warning against Questra World. According to that warning, it is illegal to promote Questra World in Austria due to its business model.
Questra World claims to be an advertising broker to promote Atlantic Global Asset Management, the company which offers weekly ROIs of 6.47% on deposits. This bonding brought attention to the Polish Financial Supervision Authority (KNF) and they added both Questra World and Atlantic Global to their public warning list.
Warnings didn’t stop there. In 24 July 2016, the National Bank of Slovakia warned public about both Questra World and Atlantic Global Asset Management.
In 2016, there are other countries as well who issued warnings and announced investigations into Questra World and those countries are:-
- Liechtenstein (Click >HERE< to find out the warning details from Liechtenstein)
- United Kingdom (Click >HERE< to find out the warning details from United Kingdom)
- Belgium (Click >HERE< to find out the warning details from Belgium)
On 20 July 2017, Commissione Nazionale per le Società e la Borsa (CONSOB), the financial regulator from Italy, issued a warning against Questra World and Atlantic Global Asset Management. Even Questra World is now under investigation in Poland for violating Polish Banking Law and the Act on Investment Funds.
Now, let’s do the reality check. Questra World is claiming to pay upto 312% ROI per year to their investors. If they really have the legal business to pay back 312% ROI to their investors, then why even they need to collect the investment from several people and pay them 312% ROI a year instead of just taking loan from a bank in much more lower rate, less than 112% ROI yearly.
Our Final Verdict:
So, their business model doesn’t make any sense which already proves that Questra World is a Ponzi scheme. Hence, we have listed it within our Scams category. However, we have already provided enough proofs to prove that Questra World is an illegal company, a Ponzi Pyramid hybrid. If you don’t know what is Ponzi and Pyramid schemes, then you can click the respective links as below to find out the details:-
Ponzi Scheme:- newsonlineincome.com/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
So now you already know why we don’t recommend Questra World.
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