Quadcode Markets is a regulated broker registered in Cyprus, providing its services to clients within the European Union. The platform offers access to a diverse selection of 300 assets traded through CFDs. Users can also practice their trading skills on a demo account preloaded with $10,000 in refillable virtual currency, and a versatile traderoom accessible on web, desktop, Android, and iOS platforms.
In order to open a real trading account, Quadcode Markets (QCM) has a minimum deposit requirement of €250 that may be considered as low in the EEA market.
Quadcode Markets account features
Quadcode provides users with one real account and one free demo account that can be used for practicing without any actual financial risk. Opening a Quadcode Markets account is straightforward and can be done through Facebook, Google, or by using a valid email address.
Upon completing the registration process with QCM, you will find that two accounts are automatically generated for you: a Demo account and a Real Standard account.
Quadcode Markets Demo account (Free)
The Quadcode Markets demo account comes with $10,000 in virtual funds, granting free access to explore the trading landscape before committing any real capital. Unlike many brokers offering time-limited demo access, the QCM demo account is available to traders for as long as they want.
With a free Demo account, traders can:
- Enhance their trading experience without any financial exposure. Feel free to practice indicators, explore different trading instruments, and get the feel of the global market without investing real money.
- Get insight into the workings of the Quadcode Markets trading platform. It replicates real trading conditions, allowing you to familiarize yourself with the platform without any financial commitment.
Quadcode Markets Real Account (€250)
After you’ve familiarized yourself with the Quadcode Markets trading platform in the demo mode, you may consider opening a real account if you feel ready for it. It requires a minimum deposit of €250 and the trading account needs to be fully verified. To successfully complete the verification process and gain access to the Quadcode Markets platform, users are required to furnish a comprehensive set of information and documents. The broker takes this process seriously as it plays a pivotal role in safeguarding the security and integrity of your account. Below is an expanded outline of the details and documents that users need to provide:
- Personal Information: this category encompasses a wide range of details that help establish your identity and assess your eligibility for the Quadcode services. The information you’ll need to provide includes:
- Full name: your complete name as it appears on your official documents.
- Date of birth: this helps confirm your age and legal capacity.
- Citizenship: your nationality, which can be a key factor in determining your access to certain assets or services.
- Contact information: email address and phone number for communication purposes.
- Residential address: your current place of residence, which should match the proof of address you submit.
- Trading background: as part of the verification process, users are requested to provide insights into their trading history and experience. This information is valuable for several reasons:
- Trading experience: a summary of your past trading activities, including the types of assets you’ve traded and your level of expertise.
- Investment objectives: your goals and intentions when engaging in CFD trading, whether it’s for short-term or long-term investments or diversification.
- Risk appetite: understanding your tolerance for risk and whether Quadcode products are suitable for you.
- Identity documents and proof of address: the next crucial step in the verification process is the submission of essential documents that verify your identity and residence. These documents include:
- Identity verification: you will be required to submit a government-issued identification document, such as a passport, driver’s license, or national ID card. This document serves as a primary means of confirming your identity.
- Proof of address: in addition to identity verification, the broker has to establish your current residence. To achieve this, you can provide a recent utility bill, a bank statement, or any official document that clearly displays your name and current address.
By opting for the Quadcode Markets real account, you will have access to a vast array of over 300 tradable CFD assets and a multitude of trading tools.
Quadcode Markets assets
Quadcode Market’s trading platform offers a wide range of CFD assets:
- CFDs on currency pairs (Forex): Explore over 60 major, minor, and exotic currency pairs, including popular options like EUR/USD and USD/JPY.
- CFDs on Stocks: Invest in 180+ different stocks, featuring renowned companies such as Coca Cola, Ferrari, Facebook, Disney, and many more.
- CFDs on Commodities: trade oil, metals, and agricultural commodities to diversify your portfolio.
- CFDs on ETFs (Exchange-Traded Funds): Explore 22 ETFs, including options like Gold Miners ETF and Oil Services ETF, offering diversified investment opportunities.
- CFDs on Indices: trade with indicative benchmarks for the performance of the global stock markets, including those of North America, Europe and Asia.
- CFDs on Cryptocurrencies: trade 26 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dash, Ripple, Qtum, TRON, Bitcoin Cash, OmiseGo, and Zcash.
With Quadcode Markets, you can start trading with a minimum trade price of just €1 for Forex and CFDs, with the flexibility to trade up to a maximum of €20,000.
The basics of margin trading at Quadcode Markets
QCM offers traders the opportunity to engage in margin trading, a practice that involves trading with leverage. In essence, this means borrowing funds from the broker to amplify your investment amount. Quadcode Markets provides a maximum leverage of 30:1.
Margin trading can be a double-edged sword, offering the potential for greater returns on investment but also exposing traders to higher levels of risk. It’s crucial to approach margin trading with caution and a deep understanding of its implications. While it allows operating higher investment amounts, it can also magnify losses, potentially exceeding the initial investment. This heightened risk underscores the importance of proper risk management approaches, such as setting stop-loss orders and diversifying your portfolio. Moreover, traders should only utilize leverage if they have a solid grasp of the market and a risk tolerance that aligns with margin trading’s inherent volatility.
Quadcode Markets trading platform features
Quadcode Markets distinguishes itself by offering its proprietary trading platform instead of the industry-standard MT4/5. Known for its modernity, user-friendliness, and intuitive navigation, the Quadcode Markets platform boasts several key features:
- Smart platform. The user panel on the left offers a comprehensive Portfolio section for monitoring pending and active trades. Additionally, it includes essential fundamental analysis tools, as well as educational resources and support. The bottom-left panel conveniently houses an array of technical analysis tools. Deal settings are conveniently located in the right-side panel, while account settings can be accessed in the upper right corner of the platform. Quadcode Markets ensures user-friendliness with informative tooltips accompanying each button, offering clear explanations of each feature.
- Tailored notifications and alerts. Traders can set personalized alerts based on their preferred price levels, ensuring they receive notifications promptly when prices reach preset levels, preventing them from missing crucial market movements.
- Comprehensive market analysis tools. Gain access to a rich suite of technical and fundamental analysis tools within Quadcode Markets. At your disposal are: over 100 technical indicators, real-time market news updates, economic calendars, and interactive widgets.
- Multilingual interface. The platform is available in English, Spanish, Portuguese, Italian, German, French, Dutch, and Thai.
- Cross-platform accessibility. Quadcode Markets is available in web, desktop, and mobile versions (iOS, Android).
Quadcode Markets trading conditions
|Account Currencies||EUR, GBP, USD|
|Available Leverage||Up to 1:30|
|Commission Per Trade||Varies based on asset|
|Min. Lot Size Per Trade||0.01|
|Margin Interest||Varies based on asset|
Quadcode Markets regulation
Quadcode Markets is headquartered in Cyprus and is the trade name of IQOption Europe Limited that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), license no. 247/14. The Company is authorised to provide its services within the EEA.
Quadcode Markets operates in full compliance with the regulatory standards, ensuring a secure and transparent CFD trading environment for its clients across Europe.
Note that CFDs represent intricate financial instruments that carry a heightened risk of rapid capital loss due to their leverage. Approximately 74% of retail investor accounts incur losses when engaging in CFD trading with this provider. It’s essential to assess whether you grasp the mechanics of CFDs and can assume the elevated risk associated with potential monetary loss.
It’s crucial to understand that historical performance data does not reliably predict future outcomes. Leverage restrictions may be applicable based on individual client circumstances and/or the jurisdiction in which they operate. It’s imperative to acknowledge that losses have the potential to amplify significantly owing to the leveraged nature of the relevant products, potentially exceeding the initial deposited funds.
In the event of a successful trade, the potential return is the sum credited to the account.
Quadcode Markets deposits and withdrawals
Quadcode Markets’ traders can deposit and withdraw via wire transfer, Neteller, Skrill, Visa, and Mastercard.
Typically, deposits made through e-wallets and bank cards are processed instantly. In contrast, wire transfer payments may require up to 5 days for processing and may entail a banking commission. It’s important to note that QCM does not impose any deposit fees.
The minimum withdrawal amount stands at €2. Please be aware that if you initially deposited with a bank card, your withdrawal request must be directed to the same card, and the withdrawal amount should match your initial investment, encompassing deposits made within the previous 90 days. To withdraw any remaining funds, including profits, you can use one of the available e-wallet options.
Ordinarily, withdrawals are completed within a day, although the precise timeframe may vary depending on your payment operator.
Quadcode Market’s fees & commissions
Quadcode Markets’ fee structure encompasses both one-off and ongoing costs:
One-off costs primarily consist of spreads, calculated based on the asset type, and mark-up/mark-down charges, which vary according to market conditions, volatility, and asset liquidity. Additionally, clients should be aware of a termination fee, applicable when the remaining balance in the client’s account equals or falls below €5.
Ongoing costs, on the other hand, are primarily associated with swap fees, ranging from 0.01% to 1.7%. These fees are incurred based on the specific trading positions and market conditions.
It’s essential to note that accounts inactive for a continuous period of 90 days may be subject to a €10 dormant account fee per month, emphasizing the importance of regular account activity.
Furthermore, in the event of an account closure, any remaining balance that goes unclaimed may be subject to a post-termination custody fee of 1% per month, with a minimum charge of €5.
By understanding these fee structures, traders can make informed decisions and manage their accounts effectively, ensuring they align with their financial goals and trading approach. For more information you may visit the Company’s General Fees Policy uploaded on the Company’s website.
Quadcode Markets support
Traders can contact QCM’s Support Team through the on-platform live chat or by emailing them at [email protected]. Typically, the live chat handles queries in a matter of seconds, while email requests are addressed within 24 hours.
Is it secure to trade with Quadcode Markets?
When considering trading CFDs with Quadcode Markets, safety and security are paramount concerns for any investor. Fortunately, Quadcode Markets takes several measures to ensure the protection of its clients.
First and foremost, Quadcode Markets is a regulated broker under the Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that the broker operates within the boundaries of established financial laws and practices, providing a layer of security for traders.
Additionally, IQOption Europe Ltd, is a member of the Investor Compensation Fund. This fund was specifically established to safeguard customers and secure their claims in instances where brokers may be unable to fulfill their financial obligations. This means that in the rare event that the broker faces financial difficulties, clients have a safety net in the form of the Investor Compensation Fund to protect their invested funds.
Furthermore, Quadcode Markets prioritizes the segregation of customer funds. Customer funds are stored in segregated accounts that are kept separate from the company’s own bank accounts. This separation ensures that client funds remain untouched and ring-fenced from any potential financial issues faced by the broker.
This way, Quadcode Markets demonstrates a commitment to the safety and security of its clients through its regulatory compliance, membership in the Investor Compensation Fund, and the practice of segregating customer funds. These measures provide traders with peace of mind, knowing that their investments are protected.
Quadcode Markets is a regulated broker that provides trading services to clients within the European Union. The platform’s user-friendly interface is complemented by a $10,000 demo account that provides a safe environment for risk-free practice. What’s more, the minimum deposit requirement is as low as €250, making it accessible to many traders.
The trading conditions at QCM are designed to be user-friendly and transparent. Deposits and withdrawals can be made via wire transfer, bank card, or popular e-wallets. The fee structure is also transparent, ensuring traders are well-informed about their financial commitments. Moreover, the platform is equipped with a responsive support team.
All in all, Quadcode Markets offers a comprehensive and convenient trading experience. However, it’s essential for traders to understand the inherent risks associated with CFD trading and to exercise prudent financial management to safeguard their investments. By doing so, traders can maximize the advantages offered by Quadcode Markets while managing potential pitfalls in the dynamic world of financial markets.