The fact that they only accept South African Rand as a currency has alienated many potential clients, and even with that quick trade review. There is no information on how to deposit or withdraw funds; this, combined with the fact that we were unable to get in touch with their customer service team, means that we cannot recommend them at present. We hope you enjoyed reading our quick trade review. Check out some of the other forex broker evaluations that we have available to assist you in identifying the broker that is most suited to your requirements.
Trading Expenses: –
Regarding additional costs, there is no information; the spreads are indicated (and will be discussed further in the study); nevertheless, their quick trade review is no mention of commissions; therefore, based on the spreads, we would infer that there are none paid. Swap fees are evident, and they are charged or paid for the privilege of holding trades overnight. Swap costs may be viewed directly within the MetaTrader 5 trading interface once you register into your account.
Despite the fact of quick trade review that there isn’t a complete breakdown of the tradable assets or instruments, it appears that there are currently more than 30+ currency pairs available, along with CFDs, EFTs, commodities, and indices. However, it is difficult to tell which ones and how many of each are available without a complete breakdown.
In the beginning quick trade review, spreads are 1.2 pips and are floating (variable), which means that they change in response to changes in the market environment. The spreads will be a little more significant if the market is turbulent; however, they will not fall below 1.2 pips at any time. It is also worth noting that certain assets have naturally bigger spreads, and as a result, certain assets may always have spreads of roughly 1.2 pips or even more than two pips, although this is standard practice for all brokers.
Bonuses and promotions: –
Bonuses and promotions were not mentioned anywhere in quick trade review, on the website or in the terms and conditions. Thus it does not appear that any are offered. However, on the company’s Facebook page, a word of a trading contest was in the works.
Account in Demonstration: –
If you desire to try out the service first, please click on the open demo account link and enter the relevant quick trade review information. We obtained a great deal of information about the accounts; however, there is no mention of how long the charges are valid or any other pertinent details like that.
Countries that have been accepted: –
While it is said that QuickTrade accepts orders from other countries in quick trade reviews, the company is concentrating its efforts on the South African marketplace. If you are serious about signing up, we recommend that you attempt to call the customer support team to determine if you are eligible.
Customer Service is important to us: –
There are a few different ways to get in touch with QuickTrade: you can call the phone number provided to speak with someone directly, you can send an email, and finally, there is an online chat system, which we tried but were unable to connect with anyone during the 10 minutes that we waited for a response.
Leverage of up to 1:100 is possible: –
Trading with almost infinite leverage is still possible in South Africa and New Zealand, likely the last major regulatory centres where traders can still do. So quick trade review, as authorities around the industrialized world, have capped the highest leverage allowed for retail accounts at far below 1:100. In addition, the power of Quick Trade is both attractive and not unreasonably high in comparison to other options.