摘要:Qfx is a trading platform that offers a wide range of trading instruments across various asset classes. They provide four live account types and MT5 trading platform, providing traders with a robust and feature-rich environment for analyzing markets and executing trades. For depositing and withdrawing funds, Qfx accepts multiple payment methods. However, it's important to highlight that Qfx currently operates without valid regulation, and their official website is inaccessible, indicating potential risks associated with trading with them. Additionally, there have been reports of Qfx being a counterfeit dealer, further raising concerns about the reliability and legitimacy of the platform.
Note: Qfxs official site - https://www.qfx9.io/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
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.
Qfx Review Summary | |
Registered Country/Region | Australia |
Regulation | No regulation |
Market Instruments | Forex currency pairs, commodities, indices, cryptocurrencies |
Demo Account | Available |
Leverage | 1:1000 |
EUR/ USD Spreads | 1.6 pips (Standard account)1.2 pips (Premier account)0.4 pips (Elite account)0.4 pips (Professional account) |
Trading Platforms | MT5 |
Minimum Deposit | $100 (Standard account)$1000 (Premier account)$5,000 (Elite account)$10,000 (Professional account) |
Customer Support |
Qfx is a trading platform that offers a wide range of trading instruments across various asset classes. They provide four live account types and MT5 trading platform, providing traders with a robust and feature-rich environment for analyzing markets and executing trades. For depositing and withdrawing funds, Qfx accepts multiple payment methods. However, it's important to highlight that Qfx currently operates without valid regulation, and their official website is inaccessible, indicating potential risks associated with trading with them. Additionally, there have been reports of Qfx being a counterfeit dealer, further raising concerns about the reliability and legitimacy of the platform.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros | Cons |
• Account variety | • Website is unavailable |
• A range of trading instruments | • Not regulated |
• MT5 supported | • A counterfeit dealer |
• Demo account available |
There are many alternative brokers to Qfx depending on the specific needs and preferences of the trader. Some popular options include:
Hirose Financial - A global financial institution offering online trading services in forex, binary options, and cryptocurrencies.
TrioMarkets - A global forex and CFD broker offering a diverse range of trading instruments, competitive spreads, and advanced trading platforms to cater to the needs of both beginner and experienced traders.
FXTM - A well-regarded broker with a range of financial instruments and flexible account types, including Islamic accounts.
Qfx currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of Qfx is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky. Last but not least, it is reported as a counterfeit dealer.
If you are considering investing with Qfx, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.
Qfx offers a variety of trading instruments across different asset classes, including forex currency pairs, commodities, indices and cryptocurrencies.
Forex Currency Pairs:
Qfx provides a selection of major, minor, and exotic currency pairs for trading. These include popular pairs like EUR/USD, GBP/USD, and USD/JPY, as well as lesser-known pairs such as EUR/TRY and USD/ZAR.
Commodities:
Qfx allows trading in a range of commodities, including precious metals like gold and silver, energy products like crude oil and natural gas, agricultural products like wheat and corn, and more. Traders can take advantage of price movements in these markets.
Indices:
Qfx offers trading opportunities in global stock market indices, such as the S&P 500, FTSE 100, DAX 30, and Nikkei 225, among others. These indices represent the performance of the underlying stock markets and can be traded for potential profit.
Cryptocurrencies:
Qfx supports trading in popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many others. Traders can speculate on the price movements of these digital assets and potentially profit from their volatility.
Qfx offers four live account types including Standard account, Premier account Elite account and Professional account with the minimum deposit requirement of $100, $1000, $5,000 and $10,000 respectively.
Standard Account:
This is the entry-level account offered by Qfx. The Standard account provides access to the basic features, tools, and trading instruments offered by the platform.
Premier Account:
The Premier account is the next level account. It offers additional benefits and features compared to the Standard account. Traders with a Premier account may have access to more advanced trading tools and additional analytics.
Elite Account:
The Elite account is designed for more experienced traders who require higher trading limits and advanced features. Traders with an Elite account may benefit from features such as personalized support, lower spreads, and priority access to new features and promotions.
Professional Account:
The Professional account is the highest-tier account offered by Qfx. It is designed for professional traders. Traders with a Professional account may enjoy premium features like dedicated account managers, customized trading conditions, and exclusive market insights.
Qfx offers a maximum leverage of 1:1000, which is a significant feature for traders. Leverage is a financial tool that allows traders to control a larger position in the market with a smaller amount of capital. In the case of Qfx, it means that for every dollar of the trader's capital, they can potentially control up to 1000 dollars in trading volume.
Traders must exercise caution when using high leverage. The larger position sizes also mean higher exposure to market volatility. A small adverse price movement can result in significant losses. Therefore, it's crucial to implement effective risk management strategies, such as placing stop-loss orders to limit potential losses.
Qfx offers competitive spreads and commissions across its different account types. Spreads refer to the difference between the bid and ask prices of a trading instrument and serve as the primary cost of executing trades.
The spread for the Standard account starts from 1.6 pips. This means that the minimum spread for major currency pairs, for example, could be as low as 1.6 pips. The Premier account offers a tighter spread of 1.2 pips, providing traders with a potentially lower cost of executing trades compared to the Standard account.
Qfx offers even tighter spreads for the Elite account and the Professional account. The Elite account presents spreads starting from 0.4 pips, while the Professional account offers the same starting from 0.4 pips. These narrower spreads can potentially result in lower trading costs and better trade execution for traders.
Besides, due to the unavailable website, there is no access to find out the commission ofQfx.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
Qfx | From 1.6 pips (Std) | N/A |
Hirose Financial | 0.7 pips | None |
TrioMarkets | 0.3 pips | None |
FXTM | 0.2 pips | $4 per lot |
Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.
Qfx provides the MetaTrader 5 (MT5) trading platform to its clients. MT5 is a powerful and popular trading platform that offers a wide range of features and tools to enhance the trading experience.
With the MT5 platform, Qfx clients can access multiple financial markets, including forex, commodities, indices, and cryptocurrencies, all from a single interface. This allows for convenient and efficient trading across different asset classes. Traders can take advantage of the extensive market coverage and diversify their investment portfolios.
Additionally, MT5 provides access to a vast library of trading signals and copy trading services. Traders can subscribe to signals from successful traders and automatically mirror their trades in their own accounts. This feature is particularly beneficial for beginner traders who can learn from experienced professionals and potentially generate profits.
See the trading platform comparison table below:
Broker | Trading Platform |
Qfx | MT5 |
Hirose Financial | MT4, LION Trader (ActTrader) |
TrioMarkets | MT4 |
FXTM | Trading Station |
Qfx accepts deposits and withdrawals via bank transfers, credit/debit cards, and electronic wallets.
Bank transfers are a traditional and widely used method for depositing and withdrawing funds. Credit and debit cards are another popular method offered by Qfx. Clients can use their Visa, Mastercard, or other eligible cards to deposit funds instantly into their trading accounts.
Electronic wallets, also known as e-wallets, are increasingly becoming a preferred choice for depositing and withdrawing funds. Qfx accepts popular e-wallets such as Skrill, Neteller, and PayPal.
Qfx | Most other | |
Minimum Deposit | $100 | $100 |
In conclusion, Qfx is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, Qfx's trading platform, MT5, caters to the needs of both beginner and advanced traders.
However, Qfx has many problems. First, it doesn‘t have regulation. Second, it is because the official website of Qfx is inaccessible that the relevant information doesn’t be provided, which makes trade not transparent enough. Additionally, there have been reports of Qfx being a counterfeit dealer, further raising concerns about the reliability and legitimacy of the platform. Therefore, traders should verify the regulatory status of Qfx or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.
Q 1: | Is Qfx regulated? |
A 1: | No. It has been verified that this broker currently has no valid regulation. |
Q 2: | Does Qfx offer demo accounts? |
A 2: | Yes. |
Q 3: | Does Qfx offer the industry leading MT4 & MT5? |
A 3: | Yes. It supports MT5. |
Q 4: | What is the minimum deposit for Qfx? |
A 4: | The minimum initial deposit to open an account is $100. |
Q 5: | Is Qfx a good broker for beginners? |
A 5: | No. Because it is a counterfeit dealer and the website is currently inaccessible. |