Since the Quant Pip FXs official website (https://www.quantpipfx.com/) cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering some relevant information from other websites.
General Information
Registered in the United Kingdom, Quant Pip FX is a forex broker providing a series of trading services to retail clients. With the Quant Pip FX platform, five trading accounts are available and the maximum leverage that can be used is up to 1:500.
Quant Pip FX does not hold any regulatory license to show it operates legally. Please be aware of the risk.
Account Types
A total of five trading accounts are available, namely Basic, Bronze, Silver, Gold, and Platinum.
To open a Basic account, only $100 is required. While the other four trading accounts requires high deposits, with the Bronze account from $1,000, the Silver ECN account from $5,000, the Gold ECN account from 10,000 and the Platinum ECN account from $30,000.
Leverage
When it comes to leverage, Quant Pip FX allows its clients to use leverage of up to 1:1000, absurdly higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spreads & Commissions
With no commission charged, spread is determined by trading accounts, with the Basic account from 3.5 pips, the Bronze account from 2.5 pips, the Silver account from 1.5 pips, the Gold account from 1 pip, and the platinum account from 0.5 pips.
Trading Platform
Quant Pip FX provides access to the industry-leading MT4 trading platform, featuring one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.
Customer Support
If clients have any trading-related issues, they can try to reach out to Quant Pip FX through the following channels:
Telephone: 020 7946 020
Email: support@quantpipfx.com
Registered Company Address: Unit no 44, headway business center, knowles lane, bradford,BD1 2AF ,United Kingdom.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
2023-02-28 13:56
