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Rating Index

Pros

Well-regulated by the Seychelles Financial Services Authority, providing a level of trust for clients.

Offers a variety of trading instruments, including forex, CFDs, commodities, and indices, catering to diverse trading preferences.

High customer support ratings, indicating responsive and helpful service for traders.

Cons

Being a relatively new broker (established in 2021), it may lack the extensive track record and experience of more established firms.

No insurance for clients, which could pose a risk in case of broker insolvency or other issues.

Mixed trust and fairness ratings, suggesting potential concerns regarding the broker's reliability and overall trading environment.

QDM broker Accounts

QDM Account Type

QDM offers a Standard Account for traders, requiring a minimum initial deposit of $100. This account type allows clients to trade various financial instruments, including 45 forex pairs, CFDs on spot metals, and commodities. The leverage provided by QDM is up to 1:500, with variable spreads starting from 0.8 pips on the EUR/USD currency pair. However, it is important to note that QDM does not offer demo accounts for practice trading.

QDM Broker Account Opening Process

To open an account with QDM, follow these steps:

Visit the Official Website: Go to QDM's website to access the account registration page.
Fill Out the Application Form: Provide personal information such as your name, email address, phone number, and residential address.
Select Account Type: Choose the Standard Account option during the application process.
Submit Documentation: You may need to submit identification documents for verification purposes.
Fund Your Account: After your account is approved, fund it with a minimum of $100 to begin trading.
Start Trading: Once your funds are available, you can start trading on the MetaTrader 5 platform.