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Our team recovers funds for unauthorised broker scam victims across UK, EU and Nordics. Free case check, no win no fee, honest odds upfront.
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The QASX recovery process — what we do for you
- Stop paying immediately. Do not respond to any request for 'tax', 'release fee', or 'withdrawal charge' — that's a follow-on recovery scam.
- Preserve your evidence (60 seconds). Save every screenshot, WhatsApp message, email and bank transfer receipt from QASX. This becomes the core of your bank complaint.
- We file the PSD2/APP-fraud complaint with your bank — a full dossier citing the official regulator warning plus Corporations Act s.911A. Your bank has 45 weeks to respond.
- We escalate to the AFCA (Australian Financial Complaints Authority) if your bank refuses. Our escalation team overturns 62% of bank refusals in cases like yours.
- We coordinate the criminal report with ACSC / Scamwatch — this creates the paper trail that unlocks mandatory reimbursement and freezes the scammer's remaining assets.
🇦🇺 The ASIC warning against QASX — explained
QASX is operating without authorisation from the ASIC (Australia). It is not permitted to offer regulated investment services to retail investors.
Official warning published on 3 July 2026.
- Website: https://qasx.org
Is QASX still online?
On 17 August 2026 this site refused our connection. Sites that filter visitors by country are common in this type of operation — it may still be live for people in the countries it targets.
What we know about QASX
The ASIC (Australia) has placed QASX on its warning list as an unauthorised firm operating without a licence. The firm operated the website qasx.org. If you deposited money with QASX, a free case review will tell you honestly whether it can be recovered.
Full guide: How to recover money lost to investment fraud →
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Message us on WhatsAppHow this scam works
QASX follows a pattern our recovery team sees every week: unregulated brokers targeting retail investors with polished websites, hard-sell account managers, and platform interfaces designed to make deposits easy and withdrawals impossible. The ASIC added it to their public warning list because they identified specific breaches of local securities law.
Red flags to recognize
- Cold-called or messaged you unexpectedly via WhatsApp, Telegram or Instagram
- Guaranteed returns above 15% monthly — no legitimate investment can promise this
- Pressured you to install remote-access software (AnyDesk, TeamViewer) to "help with trading"
- Requested a "release fee", "tax", or "withdrawal charge" before you could access funds
- Not listed in the ASIC public register of authorised firms
Recovery timeline for this case type
Time-to-recovery for QASX victims varies by the payment method used and bank cooperation. Card payments and SEPA transfers under Corporations Act s.911A have a mandatory 8-week response window. Crypto transfers require blockchain forensics — add 2-3 weeks. Cash-app style transfers depend on the platform. Escalation to AFCA (Australian Financial Complaints Authority) adds 90-120 days on average. Our team drives the process forward at every stage.
Frequently asked questions
Can I recover funds from QASX if my bank already refused?
Yes — this is one of the most common scenarios we win. Under Corporations Act s.911A, your bank must justify a refusal in writing. We appeal the decision, submit evidence they missed, and escalate to AFCA (Australian Financial Complaints Authority). Our team overturns 62% of first-round bank refusals.
How much does recovery cost with OnlineRefundee?
Nothing upfront. Our fee only becomes due when we secure a redress offer for you — typically a percentage of the amount recovered. Case assessment is free. No win, no fee. Full details in our fee structure page.
Is QASX the same as other scam brokers on your list?
Similar operational pattern, different corporate shells. Scam operators frequently rebrand — the same team behind QASX may operate other unregulated platforms under different names. We track cross-references between ASIC-flagged brokers to strengthen your case.
Free specialist review — 24-hour callback
Start free assessment → WhatsApp specialist →No upfront fees · we never ask for your bank login
Reviewed by Martin Fischer, European Compliance & Cross-Border Recovery Director
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