NextradeOptions foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://nextradeoptions.com, about the company's legal and temporary regulatory information, the company's address .
Quantic Venture, established in 2019, is a Seychelles-based online forex and CFD broker. The company operates under the name Quantic Venture Limited, with its headquarters located in Victoria, Mahe, Seychelles. This broker is privately owned and serves a diverse clientele, primarily targeting retail traders looking for forex and CFD trading opportunities.
Since its inception, Quantic Venture has aimed to provide a comprehensive trading experience, claiming to have expanded its operations to multiple countries, including Belize, Cyprus, Singapore, Hong Kong, London, and Malaysia. Despite these claims, the broker has faced scrutiny regarding its regulatory status and operational legitimacy.
Quantic Venture operates under a business model that focuses on retail forex trading, offering various financial instruments, including currency pairs and CFDs. However, it is important to note that the broker has been flagged for operating without proper regulatory oversight, raising concerns about the safety of investor funds and the overall reliability of its services.
Quantic Venture claims to be regulated by the National Futures Association (NFA) with the ID number 0530159, and also states that it operates under the Financial Services Authority of Seychelles (Seychelles FSA) with license number SD 021. However, investigations reveal that Quantic Venture Limited is not a valid member of the NFA, and there is no matching record for Quantix FS Limited in the Seychelles FSA database. As a result, Quantic Venture is not overseen by any recognized regulatory authority.
This lack of regulation means that investor funds are not protected by any legal framework, which is a significant red flag for potential clients. Furthermore, the broker has been identified in various disclosures for engaging in unlicensed capital market activities, which further undermines its credibility.
Quantic Venture does not have a clear policy regarding the segregation of client funds, which is a standard practice among reputable brokers. The absence of investor compensation schemes and inadequate adherence to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations further exacerbate the risks associated with trading through this broker.
Quantic Venture offers a range of trading products, primarily focusing on forex currency pairs and CFDs. The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs. However, the spreads offered on these pairs are often higher than the industry standard, with the minimum spread on EUR/USD starting at 5 pips, compared to the typical range of 1.1 to 1.5 pips.
In addition to forex trading, Quantic Venture claims to provide CFDs on various asset classes, including indices, commodities, stocks, and cryptocurrencies. However, the availability of these products may vary, and the broker does not consistently update its offerings, which could limit trading opportunities for clients.
Quantic Venture also lacks robust institutional services and does not offer white-label solutions or asset management services, focusing primarily on retail trading.
Quantic Venture supports the popular MetaTrader 4 (MT4) trading platform, which is widely used among forex traders for its user-friendly interface and extensive analytical tools. The broker provides access to MT4 on various devices, including desktop, Android, and iOS applications.
While the MT4 platform is a strong point, Quantic Venture does not offer a proprietary trading platform or advanced features such as automated trading through APIs. The execution model is not clearly defined, leaving potential clients uncertain about whether they are trading on an ECN, STP, or market-making basis.
The broker's technological infrastructure appears to be basic, with no detailed information provided about server locations or the robustness of its trading environment. This lack of transparency raises concerns about the execution speed and reliability of trades.
Quantic Venture offers several account types, including standard and VIP accounts, although specific details about minimum deposit requirements and trading conditions are not transparently provided. The minimum deposit for opening an account is reportedly $100, but this may vary based on the account type chosen.
The trading conditions for standard accounts include high spreads, with the minimum spread for major currency pairs starting at 5 pips. The broker does not charge commissions on trades, but the high spread may offset any perceived savings.
Leverage options are not clearly stated, but it is suggested that clients may access leverage ratios of up to 1:500, which can amplify both profits and risks. The minimum trade size is typically 0.01 lots, and the broker does not offer a demo account for prospective clients to test the trading environment before committing funds.
Quantic Venture supports various deposit methods, including bank transfers, credit cards, and several e-wallet options. However, specific details regarding the processing times and fees associated with deposits are not readily available.
The minimum deposit requirement varies by account type, and while some sources indicate a $100 minimum, others suggest that higher amounts may be necessary for VIP accounts.
Withdrawal methods include similar options, but clients have reported issues with withdrawal processing times, which can extend beyond acceptable limits. The broker does not clearly outline any withdrawal fees, leading to potential hidden costs for clients.
Quantic Venture provides customer support through various channels, including email and online chat. However, feedback from users indicates that response times can be slow, which may hinder effective communication. The broker claims to support multiple languages, but the primary language of communication appears to be English.
In terms of educational resources, Quantic Venture offers limited materials, such as tutorials and market analysis. There is no indication of structured educational programs or webinars, which are often beneficial for novice traders seeking to improve their skills.
Quantic Venture primarily targets markets in Seychelles and claims to operate in several other regions, including Belize, Cyprus, Singapore, Hong Kong, London, and Malaysia. However, the broker does not accept clients from certain jurisdictions, including the United States, which is a common restriction among many forex brokers.
The lack of a robust regulatory framework and the presence of negative disclosures about the broker's operations may deter potential clients from regions that prioritize investor protection.
In conclusion, while Quantic Venture positions itself as a global forex broker with a wide range of services, potential clients should exercise caution due to the broker's unregulated status, high spreads, and lack of transparency regarding trading conditions and fund management policies. The Quantic Venture broker presents several risks that traders must consider before engaging with its services.
FX4603652432
Honduras
I made an investment of approximately 1100 dollars and I have tried to recover my money through a complaint and various things but I have not been able to. They promised to have the money safely in my account as soon as possible but it cannot be done. I made 4 transfers through a bank account. These scammers, I would like to be able to recover my money as soon as possible. Thank you.
Exposure
2024-09-05