QuantBitex-Overview of Minimum Deposit, Leverage, Spreads

Note: QuantBitex's official website - https://quantbitex.com/ is currently inaccessible normally.

QuantBitex was registered in 2022 in Switzerland, specializing in CFDs trading. It offers 4 types of live accounts, with a minimum deposit of 250 EUR and a maximum leverage of 1:400. However, it is not regulated, which means potential risks may be high.

Pros and Cons

Is QuantBitex Legit?

No, it is not regulated by the financial services regulatory authority in Switzerland, which means that the company lacks regulation from its registration site. Moreover, its domain status shows that client transferring is prohibited. Besides, Swiss Financial Market Supervisory Authority once issued a warning notice about this company. Please note the potential risks!

What Can I Trade on QuantBitex?

QuantBitex specializes in CFDs trading. It claims to offer a number of products, but the details are not clear.

Account Type/Leverage

QuantBitex offers 4 types of accounts, including Basic Account, Silver Account, Gold Account, and Platinum Account.

Leverage

Leverage varies from 1:50 to 1:400 depending on the type of trading account. The trading leverage is considered to be an amazing tool for presenting more flexibility and increasing profit potential.

You should be aware that leverage can contribute to both gains and losses. As a result, inexperienced traders should refrain from using excessive leverage.

Trading Platform

QuantBitex uses a web-based platform, and it does not support MT4 or MT5.

Deposit and Withdrawal

QuantBitex supports several types of payment options, including credit card, bank transfer, and Bitcoin. It is not clear whether deposit and withdrawal fees are needed or not, but inactivity fees are charged. If the account is inactive for 12 months, then $30 is charged.