QQ GLOBAL GROUP Information
QQ GLOBAL GROUP is a brokerage company registered in 2021 in Costa Rica while operates in Colombia. Their products include currencies, commodities, cryptos and stocks. The company offers 3 tiered accounts with minimum deposit $100. The MT5 trading platform ensures pleasant trading experience. Moreover, traders can withdraw 100% of their profits since the broker does not charge withdrawal fees, no matter which method traders are using.
However, it should not be neglected that the broker currently operates without regulation from any authorities, degrading its credibility and reliability.
Pros and Cons
Is QQ GLOBAL GROUP Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
What Can I Trade on QQ GLOBAL GROUP?
QQ GLOBAL GROUP claims to offer over 100 assets for trading, these include forex, indices, commodities, cryptos and stocks.
Forex (foreign exchange) is the global market for trading national currencies against one another, driven by factors like interest rates and economic indicators. QQ GLOBAL GROUP avails trading in currency pairs such as EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD and USDCAD.
Indices are statistical measures that track the performance of a specific group of stocks, providing a snapshot of market trends and economic health. with this broker, you can trade US30, USD100, UK100, GER40, USD500 and EU50.
Commodities are basic goods, such as oil, gold, and agricultural products. QQ GLOBAL GROUP supports gold and silver trading.
QQ GLOBAL GROUP offers four crypto pairs: BTCUSD, DASHUSDT, ETHUSD and LTCUSDT.
While stocks represent shares of ownership in a company, allowing investors to benefit from its growth and profitability through capital appreciation and dividends. NVDA, TSLA, AAPL, AMZN and more are on the broker's product list.
One of the key principles of investing is never putting all eggs in one basket. Scatter your funds into several products to dilute risks and potential losses.
Account Type (Minimum Deposit/Leverage/Spreads & Commissions)
QQ GLOBAL GROUP does not offer demo accounts for testing and practicing, which is a drawback. But there are 3 tiered live accounts designed for the needs of different customer groups with varying experience levels and financial capacities.
Affordable minimum deposit from $100 with spread from 1 to 1.8 pips. This account is suitable for beginners with less initial capital and trading volumes.
This account requires a higher minimum investment of $750, with the same spread as Classic account. Experienced retail traders can choose this account with upgraded figures like flexible position size.
Business account is designed for highly experienced traders who expect higher returns while accepting higher risks. Minimum deposit requirement is $1,500 with this account, but spread is tighter from 0 pips.
Levearge is up to 1:100 and commission is USD 4-5 per lot over all accounts.
Suggestion is that you should use leverage carefully to avoid huge losses and put commission in your trading costs as well for overall trading profits review.
Trading Platform
QQ GLOBAL GROUP offers the powerful and versatile MT5 trading platforms, which is renowned for its user-friendly intuitive interface, robut performance, advanced analysis tools and flexible customization. You can reach the platform on web, PC and mobile devices with iOS and Android systems.
Customer Support Options
If you want any help or support from QQ GLOBAL GROUP, you can reach them through phone, email, or visit them in person in their Colombia office.
The Bottom Line
In summary, QQ GLOBAL GROUP offers a wide range of products for clients and ensures pleasant customer experience by providing the advanced MT5 trading platform. However, several drawbacks bring down its reliability. First of all, it operates without regulation. Secondly, it charges commission at $4-5 per lot tradede, increading trading costs. Last but not least, the unavailability of its services in Canada, the United States, or the European Union confines traders in these regions.
Therefore, before choosing this broker, make full investigation and weigh all the pros and cons is strongly recommended.
FAQs
Is QQ GLOBAL GROUP safe?
Not really, the broker is not regulated by any authorities so far, which implies less protection on customers.
Is QQ GLOBAL GROUP good for beginners?
Yes, beginners can try with $100 first, which is affordable to most traders. The measures of margin call and stop loss ensure you won't lose more than your initial deposit.
What trading platform does QQ GLOBAL GROUP have?
QQ GLOBAL GROUP offers MT5 platform on web, PC and mobile devices.
Are there any regional restrictions on QQ GLOBAL GROUP services?
Yes, the broker does not provide services to Canada, the United States, or the European Union.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
2024-06-28 23:42
