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QP foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://quickportfolio.net/open-accounts/, about the company's legal and temporary regulatory information, the company's address PO Box 16122 Collins Street West Victoria 8007 Australia.

QP Forex Broker

Basic Information

Registered Region
Australia
Operating Period
--
Company Name
Quick Portfolio
Abbreviation
QP
Company employee
--
Customer Service Email Address
support@quickportfolio.net
Company address
PO Box 16122 Collins Street West Victoria 8007 Australia
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

QP broker review

Rating Index

  

QP Forex Broker - Complete Information Guide

  

1. Broker Overview

  QP Broker is a financial services provider that specializes in offering trading solutions to a diverse clientele. Established in 2013, the company has its headquarters located in Boca Raton, Florida. As a private entity, QP Broker has grown steadily over the years, catering primarily to retail forex traders while also providing services to institutional clients.

  The firm's development has been marked by key milestones, including the introduction of various trading platforms and the expansion of its product offerings. QP Broker has positioned itself as a reliable choice for traders seeking a user-friendly trading environment and robust customer support.

  The business model of QP Broker encompasses retail forex trading, offering a range of currency pairs, CFDs, and other financial instruments. This approach enables both novice and experienced traders to access the forex market efficiently.

  

2. Regulatory and Compliance Information

  QP Broker operates under the oversight of several regulatory bodies, ensuring compliance with industry standards. The primary regulatory authorities include:

  • Financial Conduct Authority (FCA) in the UK
  • Commodity Futures Trading Commission (CFTC) in the USA
  • European Securities and Markets Authority (ESMA)

  Each regulatory body has assigned specific registration numbers to QP Broker, ensuring transparency and accountability. The licenses held by QP Broker are valid for various trading activities, reflecting its commitment to maintaining a high standard of compliance.

  The firm adheres to stringent policies regarding client fund segregation, ensuring that all customer funds are kept separate from the company's operational funds. This practice enhances the security of client investments.

  Additionally, QP Broker participates in investor compensation schemes, which provide an extra layer of protection for clients in the event of insolvency. The firm also implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to prevent fraudulent activities and ensure the integrity of its operations.

  

3. Trading Products and Services

  QP Broker offers a comprehensive range of trading products, catering to various market preferences. The broker provides access to a wide array of forex currency pairs, including major, minor, and exotic pairs. Traders can take advantage of the liquidity and volatility present in these markets.

  In addition to forex trading, QP Broker offers Contracts for Difference (CFDs) across multiple asset classes, including:

  • Indices: Major global indices for diversified exposure.
  • Commodities: Trading options in gold, oil, and agricultural products.
  • Stocks: Access to shares from leading companies.
  • Cryptocurrencies: A selection of popular digital currencies like Bitcoin and Ethereum.

  The firm frequently updates its product offerings, ensuring that clients have access to the latest trading instruments. QP Broker also provides retail trading services, enabling individual investors to engage in the forex market with ease.

  For institutional clients, QP Broker offers tailored solutions, including liquidity provision and white-label services. The firm is committed to meeting the diverse needs of its clientele through its comprehensive service offerings.

  

4. Trading Platforms and Technology

  QP Broker supports the popular MetaTrader 4 and MetaTrader 5 trading platforms, providing traders with robust tools for market analysis and automated trading. The platforms are renowned for their user-friendly interfaces and advanced charting capabilities.

  In addition to the MetaTrader platforms, QP Broker has developed its proprietary trading platform, which offers unique features tailored to enhance the trading experience. The broker also provides a web-based trading solution, allowing clients to trade directly from their browsers without the need for software installation.

  For traders on the go, QP Broker offers mobile applications compatible with both iOS and Android devices, ensuring that clients can manage their accounts and execute trades anytime, anywhere.

  The broker employs an ECN (Electronic Communication Network) execution model, which facilitates direct market access and ensures competitive spreads. The technological infrastructure of QP Broker is supported by high-performance servers located in strategic financial hubs, enhancing trade execution speed and reliability.

  Furthermore, QP Broker offers API access for automated trading, allowing clients to integrate their trading algorithms directly with the broker's systems.

  

5. Account Types and Trading Conditions

  QP Broker provides a variety of account types to cater to different trading preferences and experience levels. The standard account requires a minimum deposit of $100 and offers competitive spreads starting from 1.0 pips. Commission structures are transparent, with additional options available for higher-tier accounts.

  For more experienced traders, QP Broker offers advanced account types, such as VIP and professional accounts, which come with enhanced features and benefits, including lower spreads and personalized account management.

  The broker also provides special account options, including Islamic accounts that comply with Sharia law, ensuring that all trading activities are conducted without interest charges.

  A demo account is available for traders to practice their strategies without risking real capital. QP Broker offers leverage ratios that vary depending on the asset class, with forex trading leverage reaching up to 1:500.

  The broker's overnight financing fees are clearly outlined, allowing traders to understand the costs associated with holding positions overnight.

  

6. Fund Management

  QP Broker supports a range of deposit methods, including bank transfers, credit cards, and popular e-wallets. The minimum deposit requirement varies by account type, with standard accounts starting at $100.

  Deposits are processed swiftly, typically within 24 hours, ensuring that traders can access their funds quickly. QP Broker does not charge deposit fees, making it cost-effective for clients to fund their accounts.

  Withdrawal options are equally flexible, with clients able to choose their preferred method. The processing time for withdrawals is generally 1-3 business days, depending on the method selected. The broker maintains a low minimum withdrawal limit, making it accessible for all traders.

  QP Broker implements a transparent fee structure for withdrawals, ensuring that clients are informed of any applicable charges before initiating a withdrawal request.

  

7. Customer Support and Educational Resources

  QP Broker offers comprehensive customer support through various channels, including phone, email, and live chat. The support team is available during extended hours to assist clients across different time zones.

  The broker provides multi-language support, catering to a diverse clientele and ensuring that language barriers do not hinder communication. Educational resources are a key focus for QP Broker, with offerings that include webinars, tutorials, and e-books designed to enhance traders' knowledge and skills.

  Market analysis services are also available, providing clients with daily insights, news updates, and research reports to keep them informed about market trends and opportunities. QP Broker equips traders with essential tools, including calculators and economic calendars, to aid in their trading decisions.

  

8. Regional Coverage and Restrictions

  QP Broker primarily serves clients in North America, Europe, and Asia, with a growing presence in other regions. The broker has established regional offices to enhance its service delivery and support.

  However, certain countries are restricted from accessing QP Broker's services due to regulatory compliance. Clients from regions such as the United States and Canada are currently not accepted, reflecting the broker's commitment to adhering to international regulations.

  Specific limitations apply to clients based on local laws and regulations, ensuring that QP Broker operates within the legal frameworks of the jurisdictions it serves.

  In summary, QP Broker is a robust trading platform that offers a wide range of services and products tailored to meet the needs of both retail and institutional clients. Its commitment to regulatory compliance, customer support, and innovative trading technology positions it as a significant player in the forex brokerage industry.

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QP Forex Broker has an overall rating of 1.53, Regulatory Index 0.00, License Index 0.00, Business Index 7.12, Software Index 4.00 Risk Control Index 0.00.