QuantBitex Forex Broker

Note: QuantBitex's official website - https://quantbitex.com/ is currently inaccessible normally.QuantBitex Review SummaryFounded2022Registered Country/RegionSwitzerlandRegulationNo regulationMarket InstrumentsCFDsDemo Account/LeverageUp to 1:400Spread/Trading PlatformWebMin Deposit250 EURCustomer Support24/5 supportTel: +442045427999Email: support@quantbitex.com QuantBitex was registered in 2022 in Switzerland, specializing in CFDs trading. It offers 4 types of live accounts, with a minimum deposit of 250 EUR and a maximum leverage of 1:400. However, it is not regulated, which means potential risks may be high.Pros and ConsPros Cons Multiple account typeInaccessible websiteFlexible leverage ratiosLack of regulationPopular payment optionsInactivity fees chargedNo MT4 or MT5High minimum depositInactivity fee chargedIs QuantBitex Legit? No, it is not regulated by the financial services regulatory authority in Switzerland, which means that the company lacks regulation from its registration site. Moreover, its domain status shows that client transferring is prohibited. Besides, Swiss Financial Market Supervisory Authority once issued a warning notice about this company. Please note the potential risks!What Can I Trade on QuantBitex? QuantBitex specializes in CFDs trading. It claims to offer a number of products, but the details are not clear.Account Type/Leverage QuantBitex offers 4 types of accounts, including Basic Account, Silver Account, Gold Account, and Platinum Account.Account TypeMin DepositMax DepositMax LeverageBasic250 EUR4,999 EUR1:50Silver5,000 EUR24,999 EUR1:100Gold25,000 EUR100,000 EUR1:200Platinum100,000 EURNo limit1:400Leverage Leverage varies from 1:50 to 1:400 depending on the type of trading account. The trading leverage is considered to be an amazing tool for presenting more flexibility and increasing profit potential. You should be aware that leverage can contribute to both gains and losses. As a result, inexperienced traders should refrain from using excessive leverage.Trading Platform QuantBitex uses a web-based platform, and it does not support MT4 or MT5.Trading PlatformSupported Available Devices Suitable forWeb Trader✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal QuantBitex supports several types of payment options, including credit card, bank transfer, and Bitcoin. It is not clear whether deposit and withdrawal fees are needed or not, but inactivity fees are charged. If the account is inactive for 12 months, then $30 is charged.