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QUANTFURY Company
Quantfury Company: A Comprehensive Overview
1. Company Overview
Founding Date and Background
Quantfury Company was founded in December 2017 by a team of traders, quants, and machine learning professionals with the mission to revolutionize the retail trading industry. The company aims to provide a cost-effective, fair, and transparent trading environment for retail investors.
Parent Company/Ownership Structure
Quantfury operates as a private entity under the name Quantfury Trading Limited. The ownership structure is not publicly disclosed, but it is primarily managed by its founding team.
Headquarters Location
The company is headquartered in Nassau, New Providence, Bahamas. This location is strategic for attracting global clients while operating under offshore regulations.
Global Business Scope
Quantfury serves clients in over 60 countries, providing access to a wide range of financial markets. Its platform allows users to trade various asset classes, including stocks, cryptocurrencies, ETFs, and more.
Main Regulatory Bodies
Quantfury is regulated by the Securities Commission of the Bahamas (SCB), holding a retail forex license. However, its status as an offshore broker raises questions regarding the level of investor protection compared to onshore regulated brokers.
2. Company History and Development
Key Milestones
Since its inception, Quantfury has achieved several milestones, including:
- 2019: Launched its trading platform, enabling commission-free trading.
- 2022: Surpassed 400,000 users globally, indicating significant customer base growth.
Business Expansion Journey
Quantfury has steadily expanded its offerings and user base. Initially focused on cryptocurrency trading, it has evolved to include stocks, ETFs, and other financial instruments, thus appealing to a broader audience.
Customer Base Growth
As of 2023, Quantfury has over 450,000 users, reflecting a robust growth trajectory. The company has effectively utilized digital marketing strategies and word-of-mouth referrals to attract new clients.
Platform Development History
The trading platform has undergone several updates since its launch, incorporating user feedback to enhance functionality and user experience. The mobile app, in particular, has been a focal point, allowing users to trade on-the-go.
Important Awards or Recognitions Received
While specific awards or recognitions have not been publicly documented, the company has garnered attention for its innovative approach to trading, especially its commission-free model, which has been highlighted in various financial publications.
3. Trading Services Offered
Forex Trading Options
Quantfury offers a selection of currency pairs for forex trading, although specific numbers are not disclosed. Users can trade major, minor, and exotic currency pairs, providing a diverse trading experience.
Stock Trading Options
The platform allows users to trade a wide variety of stocks from major global exchanges such as NYSE and NASDAQ. This includes access to both traditional equities and ETFs.
CFD Trading Products
Quantfury does not explicitly state the availability of CFDs (Contracts for Difference) on its platform. However, it offers trading in futures which can serve a similar purpose for speculating on price movements.
Other Financial Instruments
Quantfury provides access to a broad array of financial instruments, including:
- Cryptocurrencies: Users can trade over 46 different crypto pairs.
- Commodities: The platform facilitates trading in commodity futures, allowing users to speculate on prices of various commodities like gold and oil.
Special Services or Unique Advantages
One of Quantfury's standout features is its commission-free trading model, which eliminates trade commissions and borrowing fees. Additionally, the platform offers real-time market prices, ensuring users transact at the best available rates. Clients can also earn up to 5% APY on overnight cash balances in USD and stablecoins.
4. Regulatory and Legal Background
Detailed Regulatory Information
Quantfury is regulated by the Securities Commission of the Bahamas (SCB). However, there are concerns regarding its regulatory status, as some sources claim it operates without valid oversight. The license number associated with Quantfury is SIA-F 204.
Legal Entity Structure by Region
As an offshore broker, Quantfury operates under the legal framework of the Bahamas. It does not have separate legal entities in other regions, which could affect its regulatory compliance and client fund protection.
Client Fund Protection Measures
While Quantfury claims to have measures in place for client fund protection, details are scarce. Users should be aware that investing with offshore brokers may involve higher risks regarding fund security.
Countries/Regions Served
Quantfury caters to clients in over 60 countries, including regions in Europe, Asia, and the Americas. However, it is essential to verify whether specific countries are restricted from using the platform.
Compliance History
Quantfury's compliance history has come under scrutiny, particularly due to negative reviews about hidden fees, account lockouts, and delays in order execution. These issues have raised concerns about the broker's transparency and trustworthiness.
5. Competitive Landscape
3-5 Main Competitors
Quantfury faces competition from several other brokers in the industry, including:
- Robinhood: Known for its commission-free trading model.
- eToro: Offers social trading features and a diverse range of assets.
- Binance: A leading cryptocurrency exchange with extensive trading options.
Positioning in the Industry
Quantfury positions itself as a user-friendly platform that eliminates trading fees, appealing primarily to retail investors looking for cost-effective trading solutions.
Market Differentiation Factors
Quantfury differentiates itself through its innovative business model, offering real-time market prices and a unique commission-free trading experience. The platform's focus on transparency and user empowerment also sets it apart from traditional brokers.
Conclusion
Quantfury Company has established itself as a notable player in the retail trading space, offering a commission-free trading platform with access to various financial instruments. However, potential clients should carefully consider the regulatory environment and the associated risks before engaging with the platform. As the company continues to grow, its ability to maintain transparency and address customer concerns will be crucial for its long-term success.