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QuantumTrade

Austria|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.quantumtrade.io/

Website

Rating Index

Contact

support@quantumtrade.io
https://www.quantumtrade.io/
Kärntner Str. 394, 8054 Graz, Austria

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

QuantumTrade

Abbreviation

QuantumTrade

Platform registered country and region

Austria

Company website

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

QuantumTrade · WikiFX Survey

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QuantumTrade · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No regulation
Market Instrument Forex, stocks, indices, cryptocurrencies and commodities
Account Type Basic, Standard, Silver, Gold, VIP and Pro
Demo Account N/A
Maximum Leverage 1:400
Spread From 0.2 pips
Commission N/A
Trading Platform web
Minimum Deposit $250
Deposit & Withdrawal Method N/A

QuantumTrade is allegedly a forex broker registered in Austria that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:400 and floating spreads from 0.2 pips on the web-based trading platform via six different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that QuantumTrade currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.10/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

QuantumTrade advertises that it offers access to 150+ trading instruments in financial markets, including forex, stocks, indices, cryptocurrencies and commodities.

Account Types

QuantumTrade claims to offer six types of trading accounts, namely Basic, Standard, Silver, Gold, VIP and Pro, with the minimum initial deposit requirement of $250, $1,000, $5,000, $25,000, $100,000 and $250,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types
Account Types

Leverage

The specified leverage for different account types at QuantumTrade varies between 1:200 and 1:400. Clients on the Basic, Standard, Silver and Gold accounts can experience leverage of 1:200, and the VIP and Pro accounts can enjoy a higher leverage of 1:300 and 1:400 separately. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

QuantumTrade claims to offer spreads from 0.2 pips.

Trading Platform Available

Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, QuantumTrade gives traders a web-based trading platform. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Customer Support

QuantumTrade‘s customer support can be reached by email: support@quantumtrade.io or send messages online to get in touch. Company address: Kärntner Str. 394, 8054 Graz, Austria. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple trading instruments and account types offered • No regulation
• High minimum deposit ($250)
• Lack of transparency

Frequently Asked Questions (FAQs)

Q 1: Is QuantumTrade regulated?
A 1: No. It has been verified that QuantumTrade currently has no valid regulation.
Q 2: Does QuantumTrade offer the industry-standard MT4 & MT5?
A 2: No. Instead, QuantumTrade offers a web-based trading platform.
Q 3: What is the minimum deposit for QuantumTrade
A 3: The minimum initial deposit at QuantumTrade to open the most basic account is $250.
Q 4: Is QuantumTrade a good broker for beginners?
A 4: No. QuantumTrade is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency and high initial deposit.

User Reviews

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Comments

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jewhdi
more than one year
£24 quarterly fee unless I trade three times within that period really annoys me. Considering the market is currently volatile. However, the app experience, tools and market insight as outstanding.
2024-05-17 18:44
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Bounsdr
more than one year
I tried QuantumTrade for trading once. Gotta say, not impressed. Had this order I cancelled, yet somehow it got executed, only showing up after it hit a loss. Customer service? No help at all. And hey, if you're planning to hold trades overnight, watch out for those sneaky 60-point slippages!
2024-03-11 12:01
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0
0
FX1287225689
more than one year
Withdrawal with QuantumTrade is extremely slow, and I have been waiting for several weeks, but they still take no action. QuantumTrade, if you want to ruin your platform, you have lots of other ways to make it. Give back my money first.
2023-02-24 15:29
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0
0
A瞬间
more than one year
I love QuantumTrade because I have gained some experience in how to manage my account, lot size and even stop loss management. So as for me, I would like to get more experience and to know more about forex trading.
2022-12-11 12:09
Reply
0
0
随风荡指间
more than one year
Yes, I had a pleasant experience with IFX payments. Sunny was very helpful and tried her best to find me the best exchange rate. Great service and thank you.
2022-12-06 19:24
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0
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