QF Markets Forex Broker

QF Markets Review SummaryFounded2022Registered Country/RegionMarshall IslandsRegulationFSCA (Suspicious clone)Market InstrumentsForex, Commodities, Indices, Cryptocurrencies, SharesDemo Account✔Trading PlatformMT5LeverageUp to 1:2000SpreadFrom 1.5 pips (Standard account)Min Deposit$5Customer SupportEmaill: support@qfmarkets.comLive Chat: 7/24Instagram: https://www.instagram.com/qfmarkets_global/Physical Address: 59, Agiou Athanasiou, 4102, LimassolRegion RestrictionsUS, Canada, Syria, North Korea and Iran QF Markets is a broker registered in the Marshall Islands in 2022. QF Markets provides five types of trading instruments through the MetaTrader 5 platform, with a minimum deposit requirement of $5 and leverage reaching up to 1:2000. In addition, the company does not offer its services to residents of the United States, Canada, Syria, North Korea, and Iran. Most importantly, this broker operates without legitimate regulation and possesses only a cloned license.Pros and ConsPros Cons Multiple account typesNo info on feesComprehensive customer serviceRegional restrictionsMultiple trading choicesSuspicious clone FSCA licenseDemo accountsMT5 supportIs QF Markets Legit? QF Markets lacks legal regulation and its license is a suspicious clone. The license, which bears the number 46087 and was issued by the Financial Sector Conduct Authority (FSCA) in South Africa, actually belongs to AFN FINANCIAL SERVICES (PTY) LTD. This does not match the name of QF Markets. Consequently, it is confirmed to be a cloned license, and you should not place your trust in it.Regulatory Status Suspicious CloneRegulated by Financial Sector Conduct Authority (FSCA)Licensed Institution AFN FINANCIAL SERVICES (PTY) LTDLicensed TypeFinancial Service CorporateLicensed Number46087What Can I Trade on QF Markets? QF Markets offers five types of trading instruments, and below is the specific information on each: Forex: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD... Cryptocurrencies: BTCUSD, DASHUSD, ETHUSD, EOSUSD, IOTAUSD... Shares: ALIBABA, AMAZON, APPLE, АT&T, BNK-AMER... Commodities: XAUUSD, XAGUSD, XPTUSD, UKOIL, USOIL... Indices: U30USD, NASUSD, SPXUSD, 100GBP...Tradable Instruments Supported Forex ✔Commodities✔Indices✔Cryptocurrencies✔Stocks✔Futures❌Bonds❌Options❌Account Type/Fees QF Markets offers four types of accounts: Cent, Standard, Premium, and Raw Spread, each with varying minimum deposits ranging from $ 5 to $500. Additionally, the Cent, Standard, and Premium accounts include a swap-free Islamic account option, while the Raw Spread account does not.Account TypeCent AccountStandardPremiumRaw SpreadMin DepositUSD 5USD 5USD 250USD 500Max Leverage1:20001:20001:20001:2000Spread From 1.8 pipsFrom 1.5 pipsFrom 1 pipFrom 0 pipsSwap-free Islamic Account Option✔✔✔❌0% Fees on Deposits & Withdrawals❌✔✔✔Leverage QF Markets offers dynamic leverage based on the trading tool types and trading lots chosen, with a maximum leverage that can reach up to 1:2000. This extremely high leverage level entails significant risks, and you should exercise caution as the broker lacks legal regulation.Trading platform QF Markets supports trading through the MetaTrader 5 (MT5) platform, which offers advanced trading robots and real-time copying of trading signals, making it a great option for sophisticated automated trading. In addition to desktop, mobile phone, and Pad versions, the platform is also accessible via the web.Trading PlatformSupported Available Devices Suitable forMT4❌/BeginnersMT5✔Computer, phone and PadExperienced traderscTrader❌/Experienced tradersDeposit and Withdrawal QF Markets supports deposits through LetKnow, Help2Pay, Local Payments Solutions, and other preferential methods. However, the withdrawal method is not specifically mentioned. It is worth noting that the broker does not charge any fees for deposits and withdrawals, except for the Cent account.