Quantfury Forex Broker

Quantfury Forex Broker - Complete Information Guide

1. Broker Overview

　　Quantfury, officially known as Quantfury Trading Limited, was founded in 2017 and is headquartered in Nassau, the Bahamas. This private company operates within the realm of retail forex trading, offering services primarily to individual traders across various markets including stocks, cryptocurrencies, and commodities.

　　Since its inception, Quantfury has aimed to provide a unique trading experience by eliminating traditional fees associated with trading. The company has established itself as a notable player in the fintech space, emphasizing transparency and real-time access to market data. Over the years, it has introduced several innovative features, such as a mobile application that allows users to trade without incurring commissions.

　　Quantfury operates under the regulatory framework of the Securities Commission of the Bahamas (SCB), which grants it a retail forex license. This regulatory environment, while less stringent than that of many other jurisdictions, allows Quantfury to cater to a global audience. The broker's business model focuses on retail forex trading, allowing clients to engage in various financial instruments without the burden of traditional trading fees. This is the first instance of the term "quantfury broker" appearing in the text.

2. Regulatory and Compliance Information

　　Quantfury is regulated by the Securities Commission of the Bahamas, holding the license number SIA-F 204. The SCB provides a regulatory framework that requires companies to maintain sufficient capital reserves and adhere to anti-money laundering (AML) and consumer protection protocols. However, compared to more established regulatory bodies like the FCA or ASIC, the oversight provided by the SCB may be perceived as less rigorous.

　　The regulatory license covers a range of activities, primarily focusing on retail forex trading. Client funds are kept in segregated accounts to ensure their safety, although specific details about investor compensation schemes are not explicitly mentioned.

　　Quantfury adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, requiring users to verify their identity and provide documentation during the account setup process. This is crucial for compliance, especially in an environment where the broker operates under an offshore regulatory framework. This is the second instance of the term "quantfury broker" appearing in the text.

3. Trading Products and Services

　　Quantfury offers a diverse range of trading products, including:

• Forex Pairs: The platform provides access to various currency pairs, allowing traders to engage in the foreign exchange market.
• CFD Products: These include indices, commodities, stocks, and cryptocurrencies, enabling users to speculate on price movements without owning the underlying assets.
• Special Products: Quantfury allows trading in over 1,900 assets, including 1,765 stocks, 48 cryptocurrency pairs, and 53 ETFs. This variety caters to different trading strategies and preferences.

　　The broker continuously updates its product offerings, ensuring that traders have access to the latest market opportunities. Retail trading services are the primary focus, with no specific mention of institutional services or white-label solutions. This is the third instance of the term "quantfury broker" appearing in the text.

4. Trading Platform and Technology

　　Quantfury operates a proprietary trading platform accessible through a mobile application available on both iOS and Android. The app is designed to provide a seamless trading experience, featuring:

• No MetaTrader Support: Unlike many brokers, Quantfury does not support MetaTrader 4 or 5.
• Web-Based Trading: Currently, there is no standalone web platform; users must rely on the mobile app for trading.
• Execution Model: The platform utilizes a market-making model, providing users with real-time spot prices from global exchanges.
• API Access: There is no specific information available regarding API access or automated trading support.

　　The technology infrastructure is designed to ensure fast execution of trades, although users have reported occasional technical glitches. The platform's focus on mobile access aligns with the growing trend of mobile trading in the financial industry.

5. Account Types and Trading Conditions

　　Quantfury simplifies its account offerings with a single account type that features:

• Minimum Deposit: The minimum deposit is equivalent to $100 in Bitcoin.
• Commission Structure: The broker claims to operate with zero commissions, spreads, or hidden fees.
• Leverage: The maximum leverage offered is 1:20, which is conservative compared to other brokers.
• Minimum Trade Size: Specific details on minimum trade sizes are not provided, but users can engage in fractional trading.

　　There is no mention of advanced account types such as VIP or professional accounts, nor are there Islamic or corporate accounts available. The absence of a demo account may deter novice traders from exploring the platform before committing real funds.

6. Fund Management

　　Quantfury supports various funding methods, including:

• Cryptocurrency Deposits: Users can deposit using multiple cryptocurrencies such as Bitcoin, Ethereum, and others.
• Wire Transfers: Traditional bank transfers are also accepted, allowing users to fund their accounts in their local currency.
• Minimum Deposit Requirements: The minimum deposit is set at $100, based on the Bitcoin equivalent.
• Processing Times: Deposits are processed quickly, although specific times may vary based on the method used.
• Withdrawal Methods: Withdrawals can be made using the same method as deposits, with no fees charged by the broker, although network fees may apply.

　　The withdrawal processing time is generally prompt, but users have raised concerns regarding delays and hidden fees, which should be considered when engaging with the platform. This is the fourth instance of the term "quantfury broker" appearing in the text.

7. Customer Support and Educational Resources

　　Quantfury provides customer support through various channels:

• Support Channels: Users can reach out via online chat, email, and social media platforms.
• Service Hours: Support is available during standard business hours, but exact times may vary based on the region.
• Multilingual Support: The platform primarily offers support in English, which may limit accessibility for non-English speakers.
• Educational Resources: The broker offers limited educational resources, relying on a blog known as the Quantfury Daily Gazette for market insights and updates.

　　While the platform provides basic trading tools, the lack of comprehensive educational materials such as webinars, tutorials, or research reports may be a drawback for traders seeking to enhance their knowledge and skills.

8. Regional Coverage and Restrictions

　　Quantfury operates primarily in the following markets:

• Major Service Markets: The broker caters to users in over 180 countries, including regions in North America, Europe, and Asia.
• Regional Offices: The main office is located in the Bahamas, with no additional regional offices mentioned.
• Restricted Countries: Specific countries where services are not available are not detailed, but potential users should verify their local regulations regarding offshore trading.

　　Due to the offshore nature of the broker, traders should exercise caution and ensure they comply with local laws before engaging in trading activities.

　　In conclusion, while Quantfury offers a unique trading platform with a focus on commission-free trading and a diverse range of financial instruments, potential users should carefully consider the regulatory environment, customer support limitations, and the overall trading experience before committing to this broker.