Qorva Markets Forex Broker

Qorva Markets Review SummaryFounded2023Registered Country/RegionComorosRegulationUnregulatedMarket InstrumentsPrimarily ForexDemo Account/LeverageUp to 1:500SpreadStarts from 0 pipsTrading PlatformWeb Trading Platform, Mobile AppMin DepositNoneCustomer Support+971-50-8596-279info@qorvamarkets.comOnline chatPhysical Address: Office #210, Al-Nasar Sports Club, Dubai, UAEQorva Markets Information Founded in 2023 and with its headquarters in Comoros, Qorva Markets provides Forex trading to international investors. The platform fits both new and seasoned traders with several account kinds and leverage up to 1:500. The lack of control, though, increases trading risks.Pros and ConsPros Cons High leverage of up to 1:500UnregulatedNo minimum deposit requirementsLimited to Forex tradingNo deposit or withdrawal feesNo Demo or Islamic accountsIs Qorva Markets Legit? Qorva Markets is an unlicensed broker in Comoros. It is neither licensed or regulated by the FCA (Financial Conduct Authority) in the UK, ASIC (Australian Securities and Investments Commission), or other recognised financial regulatory entities. Lack of regulation raises worries about broker transparency and security. Hosting Concepts B.V. registered qorvamarkets.com on December 13, 2023, according to WHOIS. Domain expires December 13, 2026, and was last updated the same day as registration.What Can I Trade on Qorva Markets? Qorva Markets primarily focuses on Forex trading.Account Types Qorva Markets offers three live trading accounts. Theres no mention of Demo or Islamic accounts.Account TypeLeverageCommissionMin DepositSpreadStandardUp to 1:500NoneNoneFixed from 3 pipsRawUp to 1:100$6/lotNoneFixed from 0 pipsSTP ProUp to 1:300NoneNoneTight SpreadsLeverage Using leverage up to 1:500, Qorva Markets allows traders to control bigger positions using less funds.Qorva Markets Fees Qorva Markets' trading fees are attractive compared to industry standards. The broker offers tight spreads, with differences depending on the account type. Standard Account: No commission; spreads start from 3 pip. Raw Account: $6 per lot commission; spreads start from 0 pips. STP Pro Account: No commission; tight spreads.Non-Trading FeesNon-trading Fees Deposit FeeFreeWithdrawal FeeFree (Bank fees may apply)Inactivity FeeNoneTrading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersWeb Trading Platform✔WebTraders who prefer browser-based tradingMobile App✔iOS, AndroidTraders seeking on-the-go trading accessibilityDeposit and Withdrawal Qorva Markets charges no deposit or withdrawal fees. Furthermore, no minimum deposit is needed for any kind of account, so traders have freedom.