QuantBitex Broker Summary
- Overall Rating
Here at The Next Bitcoin you can learn about many trading platforms, one of them is QuantBitex, we have concluded that QuantBitex is a good trading platform, it is NOT a scam! Read our QuantBitex review today and learn all you need to know about the QuantBitex trading platform and why we recommend it for all traders.
Would you buy anything online these days without doing some research and reading reviews? In today’s digital world, this is how people shop; you always look for reviews of products, services and companies before you decide to part with your money. It would be foolish to trust someone blindly, especially when you have the opportunity of finding out the truth about them. This can save you from a lot of problems and issues in the long run. For instance, if you check out a QuantBitex review, you can figure out whether to use their services or not.
Why is this necessary? When you are interested in financial trading, you will require the services of a broker. Even someone with limited knowledge is aware of this fact because they have probably looked into how to do it. Even before the concept of online trading existed, brokers had been part of the financial markets and this didn’t change even after technological progress. Even today, you will need a brokerage’s services in order to step into the financial markets and take advantage of the hundreds of profit-making opportunities that exist. In the last few years, more and more people have taken an active interest because they have become quite lucrative.
Obviously, the demand for online brokers has also shot up due to this influx of traders and investors in the market and a plethora of new ones have popped up. But, this has also provided scammers and cybercriminals with a chance to cash in on this opportunity of exploiting people. Therefore, it is crucial that you don’t make your choice lightly and check out a broker thoroughly before you decide to use their services. As stated earlier, there isn’t exactly a shortage and you will come across the name of QuantBitex when you are looking for one.
Currently providing their services in more than 62 countries, QuantBitex is a forex and CFD (Contract for Difference) broker that has its office in Zurich, Switzerland. They are an award-winning firm that has developed a strong and positive reputation in the market due to their stable offerings. But, what exactly do they entail? What notable features do they have to make them a smart choice? Let’s find out:
|Trading Accounts||Four Account Options; Basic, Silver, Gold and Platinum|
|Assets Coverage||Forex, Cryptocurrencies, Stocks, Indices, Commodities, CFDs and ETFs|
|Trading Tools||Trading Indicators, Signals, Live Charts, Technical Analysis Tools, Price Alerts, Market Calendar and Risk Management Tools|
|Education and Training||Yes; , glossary, e-books, online video courses, webinars, tutorials and market analysis|
|Customer Support||24/5 through email, phone number, online contact form|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
Feature 1: The asset index
If there is one thing that can attract you to a broker, it is their asset index. There was a time when traders had to open up accounts on several platforms because they wanted to trade assets belonging to different financial markets. Managing more than one account was stressful and sometimes, impossible and traders ended up making a lot of losses. Brokers evolved and began offering more than one asset on their platforms, but the combination still continues to vary. It is your job to ensure that your selected company can offer you the right combo, in accordance with your needs and preferences.
This is where you will discover that QuantBitex can be a great fit because they have a wide range of assets available for their clients. They have added more than 200 instruments to their platform and they are spread across some of the world’s biggest financial markets. This gives traders the ability to diversify their investment portfolio and spread out their capital across different markets, which can help them in making maximum returns and reducing their losses. They provide traders with access to the stock market, one of the most popular financial markets where they can trade stocks of some of the world’s leading companies.
Amazon, Microsoft, PayPal, Apple, MasterCard, Coca Cola and Facebook are only a few of the companies you can invest in. Traders who prefer trading baskets of stocks rather than individual ones can give the indices market a try. QuantBitex has added some of the best indices, such as DOW JONES, S&P 500, NASDAQ 100, Nikkei 225 and FTSE 100. Having a daily trading volume that’s higher than $5 trillion, the forex market is another option that you can check out. You will be able to trade fiat currency pairs like USD/CHF, GBP/USD, EUR/USD, AUD/NZD and USD/CAD.
If you prefer to invest in the more volatile cryptocurrencies that have become immensely popular these days, you can do that as well. Some of the most profitable cryptocurrencies like Bitcoin, Litecoin, Ethereum and Bitcoin Cash are available at QuantBitex. To help traders in balancing their risk, they have also added commodities to their asset offerings. Precious metals like gold and silver, energies like crude oil and natural gas and agricultural products like wheat, rice, coffee and corn are available.
Feature 2: The account options
Looking at the account options provided by a broker is important because they indicate whether you will be able to trade and invest comfortably or not. Some companies may not say it outright, but their services are better suited to a specific category of trader, such as professionals, beginners or even intermediate traders. You should opt for one that provides services you require, so you will be able to realize your goals and not have to deal with any issues. QuantBitex has also added account options, like the other companies out there, and these show that their services are for all kinds of traders.
Whether you are a complete novice, a beginner, professional or even an intermediate trader, they have an account option for you and it has been equipped with the necessary features required for ensuring a smooth trading experience. A total of four accounts can be found on the platform, each having different conditions and features. The choices begin with the Basic account and it truly offers basic features, as suggested by its name. As this account is aimed at newcomers in the financial markets, it doesn’t really need to offer more than that.
This account can be opened with just a deposit of €250 and traders will receive leverage of about 1:50 for trading. They are also provided 24/5 customer service to assist them in any way possible. In addition, they can get a 10% no-interest loan on deposit and they can increase their account balance to as much as €4,999. If you are a beginner or intermediate trader, QuantBitex has the Silver account for you, which comes with some minor upgrades. First, you have to deposit more for opening this account i.e. €5,000. In return, they provide you with a higher leverage of 1:100 and the no-interest loan on deposit also goes up to 20%. Furthermore, you can invest more money in this account and it can go as high as €24,999.
The next account option that QuantBitex has added is for advanced traders, as they will be able to meet the minimum deposit requirements of €25,000. The leverage offered in this account is set at 1:200 and the no-interest loan on deposit goes up to 30%. Traders can also get free monthly webinars, a VIP mentorship program, and direct line to their account executive, a one-on-one educational course, daily market reviews, events analysis and trading alerts. The maximum amount that you can invest in this account is €100,000.
For catering to professional traders, they have the Platinum account. This one offers the highest possible leverage at 1:400 and also has the highest deposit requirement that starts at €100,000. However, the good news is that there is no cap on how much you can invest, so you can trade as much as you like. As far as offerings are concerned, QuantBitex provide a no-interest loan on deposit of 40%, free trading signals, a comprehensive money management plan and event trading.
Feature 3: The trading platform
How do brokers facilitate trading? They provide you with a trading software that connects you to the financial markets and allows you to execute your trades. There are some existing trading platforms that exist, and sometimes, the brokers prefer to develop their own. As far as QuantBitex is concerned, they have opted for the latter, which means they have come up with their own trading platform for their clientele. While there are several types of platforms that can be found, they have chosen to offer a web trading platform because it offers a lot more versatility, flexibility and simplicity than any other option.
A lot of traders prefer this kind of platform because it doesn’t require any downloading, installation, maintenance or update on their part and allows them to use it on any device of their choosing. You can use this platform on laptops, desktop PCs and even mobile devices. It is simple to use and access, but this doesn’t mean that QuantBitex has compromised on performance. It is powered by cutting-edge technology for delivering 99% execution under a second and comes with one-click trading that can be undeniably impressive.
Furthermore, they have also given their clients room to customize the layout of the trading platform according to their preferences. QuantBitex has developed a user-friendly and intuitive interface to help all traders in using the platform without any learning curve. You can also take advantage of the feature-rich environment to boost your trading performance. You have trading indicators available, along with advanced charts that are quite diverse and extensive. Different order execution modes are also supported and there are trading signals, in addition to a market calendar and price alerts.
To add to it, mobile support has also been added by QuantBitex because they are aware that many traders now prefer to trade on the move these days. Therefore, they have made an effort to make their trading platform compatible with both iOS and Android ecosystems, allowing traders to be able to control and manage their trading account and activities from anywhere for maximizing their profits.
Feature 4: Security infrastructure
While the trading platform, asset index and account options constitute as the most vital trading-related features, you shouldn’t ignore others that can be just as important. This refers to the security you will be provided during trading. Since you will be operating online, you are automatically vulnerable to cybersecurity risks and there should be some infrastructure in place for mitigating them. QuantBitex has accomplished this goal by implement some strong security measures on their platform.
First off, they comply with international standards of security, so they have implemented the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies on their platform. As per these policies, traders are required to provide proof of identity and proof of residence before they can make transactions on the QuantBitex trading platform. This can be immensely helpful in reducing the possibility of terrorist financing, money laundering, financial fraud and identity theft. This proof can be provided by submitting some documents to the company and they will verify them.
This prevents it from falling into the wrong hands and being misused. As far as fund protection is concerned, account segregation is used by the broker for keeping all deposits secure. This means that separate accounts are maintained for all traders to prevent any misappropriation or discrepancies in the funds. Plus, these accounts are maintained in some of the leading banks for another layer of security.
Thanks to these features, QuantBitex can prove to be a suitable trading solution for everyone.