QUADCODE BROKER REVIEW
A broker is the main engine behind every trader To become a trader, you must first, pick a good trading platform. With the high influx of brokers online, picking a good and reputable broker has become difficult. There are a lot of brokers online, however, some of them are either a part of a scam scheme, or they have very unachievable rules and regulations. This is why traders look out for broker reviews to help make informed decisions. In this text, we will look at the Quacode broker review.
ABOUT QUADCODE BROKER
Quadcode is a broker that was founded in 2021, with its headquarters located in Sydney Australia. The broker is a highly reliable and reputable trading platform that provides its users with various financial instruments. It also provides a high-end trading interface with lots of advanced trading tools.
Forex, Stocks, Crypto, Digital Options, Binary Options, Blitz Options
Minimum Trade Amount
Stop out level
CySec, AISC, SCB
Android, Microsoft and iOS
Quadcode is a highly regulated broker. They are regulated by 3 different financial bodies.
Quadcode brokers are regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 247/14. The company is allowed to offer its services within the EEA. The broker adheres to the full regulatory standards of the regulatory body. They ensure transparency between the brokers and their clients within Europe.
Quadcode is also regulated and licensed by the Australian Services and Investments Commission (ASIC), with license number ASIC, ACN: 131 376 415.
The Broker is also regulated by the Securities Commission of the Bahamas (SCB) with license number SIA-F219).
These three regulatory bodies cover various jurisdictions. This means traders trading within these jurisdictions are financially protected by these financial regulatory bodies. This makes the broker very safe, reliable, and reputable. They protect clients from negative balances, which means traders won’t lose more than the amount in their trading account. They also offer compensation funds for traders who lose more than $20,000 during a trade.
Quadcode Country Restrictions
All Countries not mentioned below.
The Company is not authorised to provide services to countries such as: US, Canada, Afghanistan, Belarus, Belgium, Bouvet Island, Brasil, Comoros, Cuba, Democratic Republic of the Congo, Eritrea, Ethiopia, Gibraltar, Guam, Haiti, Iran, Israel, Japan, Libya, Mali, Myanmar, North Korea, Palestine, South Sudan, Sudan, Syria, Russian Federation, United Kingdom, Ukraine, Vatican, Austria, Estonia, Italy, Portugal, Belgium, Finland, Latvia, Romania, Bulgaria, France, Lithuania, Slovakia, Croatia, Germany, Luxembourg, Slovenia, Cyprus, Greece, Malta, Spain, Czech Republic, Hungary, The Netherlands, Sweden, Denmark, Ireland, Poland. The unrestricted countries can be seen from the registration page of Quadcode Markets Global.
QCM offers various types of CFD assets. The broker is well-known for offering mainly CFDs. However, the CFD assets span various financial instruments.
- CFDs on Stocks: The broker offers over 180 CFDs in stocks. Such as Facebook, Disney, Coca-Cola, Ferrari, etc.
- CFDs on Currency Pairs: The broker offers over 60 Forex pairs, including major, minor, and exotic forex pairs. Example: the EUR/USD and the USD/AUD pairs.
- CFDs on Cryptocurrencies: With Quadcode you have access to 26 cryptocurrencies such as Bitcoin, Ethereum, Dash, Tron, litecoin, Bitcoin Cash, Qtum, OmiseGo, Ripple, and Zcash.
- CFDs on Commodities: the broker Offers CFD trading with metals, oil, and agricultural commodities.
- CFDs on Indices: Their users are given access to trade the significant benchmarks of the performance of stock markets.
- CFDs on ETFs: Traders are given access to 22 ETFs, comprising Gold miners ETF, and Oil Services ETF.
These various trading instruments give traders diverse portfolios. It means their users can decide to have open trades under different trading sections. It creates diversity and also helps in risk management. Additionally, for Forex CFDs you can start your trades with a minimum trading balance of €1.
Quadcode provides its users with two types of accounts, the free account, and the real account The free account is referred to as the Demo account, used by traders to practice trading. The Demo account has €10,000 in virtual funds that traders use in trade practice.
The real trading account can be easily opened by using an email address, Facebook, or Google sign-in. This account offers its users a minimum deposit of €10. The trading account has to be fully verified, to avoid any fraudulent activities. Users are expected to provide a series of information such as Personal Information, Trading background, and Verified identification documents.
Opening a Quadcode real account gives access to over 300 tradable assets, with lots of advanced trading tools.
A pro-level account is also available for traders. However, you need to get to a certain trading status to have access to this level. This pro-level account gives access to riskier trading assets and has zero funds protection.
In this Quadcode broker review, we will carefully analyze the trading platform. QCM offers its proprietary trading platform to its users. It does not offer the MT4 or MT5 trading platforms. However, its trading platform has a lot of advanced trading features traders use in making informed decisions.
Listed below are the trading features:
- Smart Platform
The left part of the user panel contains the section for analyzing ongoing trades. It comprises both fundamental tools and Educational resources. The right side of the panel contains the buy and sell options. The bottom left part contains the technical tools used in analyzing the market. Lastly, the upper right panel houses the account settings.
- Personalized Notifications
The trading platform allows its users to personalize their notifications and alerts. This means a trader won’t miss important market information.
- Market Analysis
Quadcode Markets offers its users advanced charting tools and over 50 technical signals. They also provide economic calendars, market news updates, etc.
- Offers Different Trading Platforms
The broker offers different trading platforms. They have a web trading platform, a desktop trading platform, and a mobile trading platform for both Android and iOS users.
The trading platform can be accessed in different languages. They can be accessed in English, Portuguese, Dutch, Thai, Spanish, Italian, French, and German.
Quadcode Markets offers a series of video guides to new traders. They also provide various eBooks, and articles on various trading topics for professional traders. However, their educational resources are limited.
PROS AND CONS
- The broker is user-friendly and can be easily used by a beginner.
- Deposits and withdrawals can be done with three different currencies.
- Offers various cryptocurrency trading portfolios.
- The trading platform has limited Educational resources and minimal support services.
DEPOSIT AND WITHDRAWALS
Deposits can be made through Credit and Debit cards (Visa, and Mastercard), Neteller, Skrill, and Wire Transfers. Deposits made via bank cards and wallets are processed immediately. Payments made via wire transfer might take up to 5 days for processing, and it might attract some fees.
N/B: Quadcode charges zero fees for deposits.
Withdrawals can be made via Credit and Debit cards (Visa, and Mastercard), Neteller, Skrill, and Wire Transfer. However, if you deposited via a bank card, the same bank card must be used for withdrawal. Withdrawals are processed within 24 hours, however, they can be delayed by a day or two depending on some other factors.
QCM’s customer care support can be contacted via several channels. They include emailing and the live chat on the platform. The live chat can be accessed 24 hours 5 days a week. They are also known for their quick response to customer’s issues.
This Quadcode broker review shows the efficacy of this broker. From the training instruments to the trading platforms, Educational resources, and customer care support. Each section carefully analyzes the platform.
QCM offers a good trading experience and is also a highly reputable Broker. However, traders need to know the risks involved in CFD trading. A good risk management strategy should be employed to avoid any pitfalls.
Quadcode is a new founded broker, regulated by 3 financial bodies all around the world. It offers more than 300 assets
- The broker is user-friendly and can be easily used by a beginner
- Deposits and withdrawals can be done with three different currencies
- Offers various cryptocurrency trading portfolios
- The trading platform has limited Educational resources and minimal support services.
Quantity of assets