Score

1.46 /10
Danger

Quantum Fx Trade

United States

2-5 years

Suspicious Regulatory License

High potential risk

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Score

Regulatory Index0.00

Business Index6.62

Risk Management Index0.00

Software Index4.00

License Index0.00

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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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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • 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

Quantum Fx Trade · Company summary
Quantum Fx Trade Review Summary
Registered Country/Region United States
Regulation No Regulation
Market Instruments Forex, Stocks, Crypto, Metals, Indices, Commodities, and NFT
Demo Account Available
Leverage 1:1-1:1000
Trading Platforms Quantum Fx Trade Platform
Minimum Deposit $250
Regional Restrictions Unavailable to residents of certain jurisdictions such as the USA, Cuba, Sudan, Syria, and North Korea.
Customer Support Phone: +1 815 348 9690
Email: contact@quantumfxtrade.com
Contact Form

What is Quantum Fx Trade?

Quantum Fx Trade, registered in the United States, is a CFD broker that offers trading in a variety of assets including forex, stocks, and commodities. It provides a user-friendly trading environment suitable for beginners and experienced traders alike, with leverage options ranging from 1:1 to 1:1000.

However, QuantumFxTrade is unavailable to residents of certain jurisdictions, such as the USA, Cuba, Sudan, Syria, and North Korea. Additionally, it is not regulated by any financial authority.

Quantum Fx Trade‘s homepage

Pros & Cons

Pros Cons
  • Comprehensive Asset Selection
  • Regulatory Compliance
  • 24/7 Customer Service
  • Regional Restrictions
  • No Commissions
  • Leverage Risks
  • Multiple Account Types

Pros:

Comprehensive Asset Selection: QuantumFxTrade offers over 200 trading assets, including Forex, Stocks, Crypto, Metals, Indices, Commodities, and NFTs, providing ample trading opportunities.

24/7 Customer Service: QuantumFxTrade prioritizes customer service, with experts available via phone, email, and contact form.

No Commissions: QuantumFxTrade claims not to charge commissions on trades.

Multiple Account Types: QuantumFxTrade offers multiple account types to cater to different trading preferences.

Cons:

Regulatory Compliance: QuantumFxTrade is not regulated, impacting the safety and security of funds.

Regional Restrictions: QuantumFxTrade is unavailable to residents of certain jurisdictions, such as the USA, Cuba, Sudan, Syria, and North Korea, limiting its accessibility.

Leverage Risks: While QuantumFxTrade offers leverage options ranging from 1:1 to 1:1000, high leverage can amplify both profits and losses, posing a risk for traders.

Is Quantum Fx Trade Safe or Scam?

As Quantum Fx Trade is not regulated, there is a higher level of risk associated with trading on this platform compared to regulated brokers. While this does not necessarily mean that Quantum Fx Trade is a scam, it is advisable to research carefully before investing. Regulation helps protect you from scams and unfair practices. Without it, you have less recourse if something goes wrong.

No llcense

Market Instruments

Quantum Fx Trade offers a variety of market instruments for trading. Each market instrument offers unique trading opportunities and risks.

Forex: Forex trading involves buying one currency while simultaneously selling another currency. You can trade AUD/CAD, EUR/GBP, and so on.

forex

Stocks: Stocks represent ownership in a company. When you buy stocks, you own a portion of the company's assets and earnings. The stocks of Citigroup, Ford, AT&T, and more are available on Quantum Fx Trade.

stocks

Cryptocurrencies: Cryptocurrencies are digital or virtual currencies that use cryptography for security. Cyypros supported by Quantum Fx Trade include ID, OP, Bitcoin, and Cardano.

cryptocurrencies

Metals: Metal trading typically involves precious metals and base metals. You can trade Copper, Palladium, Platinum, and so on.

metals

Indices: Indices represent a group of stocks that measure the performance of a specific market or sector. Examples include the CAC 40, DAX, Dow Jones Industrial Average, and NASDAQ-100. You can speculate on the overall performance of these indices.

indices

Commodities: Commodities are raw materials or primary agricultural products that can be bought and sold. Examples include oil, natural gas, gold, and wheat. Commodity trading involves speculating on the price movements of these goods.

commodities

NFTs (Non-Fungible Tokens): NFTs are unique digital assets that represent ownership of a specific item or piece of content. NFTs can represent artwork, collectibles, and even virtual real estate. Trading NFTs involves buying and selling these unique digital assets.

NFTs

Account Types

Quantum Fx Trade offers a range of account types tailored to meet the needs of different traders.

Account comparison

The Main Account, requiring no minimum deposit, is suitable for beginners.

The Bronze Account requires a minimum deposit of $2,500. It provides traders with increased flexibility and potential for larger trades.

The Silver Account, requiring a minimum deposit of $10,000, offers even higher trading volumes, making it suitable for traders with a higher risk tolerance and a desire for larger trade sizes.

For more experienced traders, the Gold Account requires a minimum deposit of $25,000 and provides access to even higher trading volumes.

The Platinum Account, with a minimum deposit of $50,000, offers further increased trading volumes, catering to traders looking for extensive trading opportunities and larger positions.

Lastly, the VIP Account, requiring a minimum deposit of $100,000 or more, offers the highest trading volumes among all account types. It is designed for high-net-worth individuals and institutional traders looking for maximum trading capacity and flexibility.

Leverage

In QuantumFxTrade, you have the flexibility to choose their leverage from 1:1 to 1:1000. Leverage allows traders to control larger positions with a relatively small amount of capital. However, it's important to use leverage carefully, as it can amplify both profits and losses.

Spreads & Commissions

Quantum Fx Trade claims to charge no commissions on trades. However, the exact spreads are not available on the official website. They can vary depending on market conditions and the asset being traded.

no commissions

Trading Platforms

Quantum Fx Trade offers professional trading software that is browser-based, requiring no downloads. The platform features an intuitive and easy-to-use interface, customized for desktops, laptops, tablets, and mobile devices.

Trading Platforms

It also provides a mobile interface. The interface is fully adaptive to any mobile device, with full functionality intact. The mobile interface is fast, providing real-time market data and order execution. Traders can stay informed and trade conveniently from anywhere, at any time.

Trading Platforms

Deposits & Withdrawals

At Quantum Fx Trade, the minimum deposit amount is $250. There are no limits to withdrawal, except for bank wire withdrawals, which have a minimum withdrawal amount of $300. For wallets, electronic payment systems, and bank cards, the minimum withdrawal amount is $1, including commission.

Customer Service

Quantum Fx Trade provides customer service to assist traders with their inquiries and concerns. The platform offers multiple channels for customer support, including phone, email, and a contact form. Traders can contact customer service representatives by phone at +1 815 348 9690, or by email at contact@quantumfxtrade.com. Additionally, there is a contact form available on the platform for submitting inquiries.

Conclusion

While Quantum Fx Trade boasts a variety of features like a user-friendly platform, multiple account options, and a wide range of tradable assets, the biggest drawback is its lack of regulation. This poses serious security risks. It's advisable to avoid Quantum Fx Trade altogether. Instead, prioritize safety and choose a well-established and regulated broker.

Frequently Asked Questions (FAQs)

Q: Is Quantum Fx Trade regulated?

A: No, Quantum Fx Trade operates without regulation.

Q: What is the minimum deposit amount on Quantum Fx Trade?

A: The minimum deposit amount on Quantum Fx Trade is $250.

Q: Is there a demo account available on Quantum Fx Trade?

A: Yes, Quantum Fx Trade offers a demo account.

Q: What leverage options are available on Quantum Fx Trade?

A: Quantum Fx Trade offers leverage options ranging from 1:1 to 1:1000.

Q: Does Quantum Fx Trade charge commissions on trades?

A: Quantum Fx Trade claims not to charge commissions on trades.

Q: Are there any regional restrictions on Quantum Fx Trade?

A: Yes, Quantum Fx Trade is unavailable to residents of certain jurisdictions, such as the USA, Cuba, Sudan, Syria, and North Korea.

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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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