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QUICKTRADE Forex broker specializes in providing foreign exchange trading services, the company's official website https://platform.qui..., the company's legitimate regulatory information South AfricaFSCADerivatives Trading License (EP) to enhance the security of the company's address Portion Bldg, Grnd Floor, 345 Rivonia Rd, Rivonia, Johannesburg, 2128

QUICKTRADE Forex Broker

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QUICKTRADE

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Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Information Registered Country/Region South Africa Found 2014 Regulation Suspicious clone Market Instrument indices, US CFDs, commodities, and currencies Account Type N/A Demo Account N/A Maximum Leverage 1:500 Spread From 1.2 pips Commission N/A Trading Platform MT5 Minimum Deposit N/A Deposit & Withdrawal Method Skrill, OZOW and payfast QuickTrade is a forex broker based in South Africa, during this review we will be looking into the service being offered by QuickTrade but as a word of warning, there is very little information available on the website so there may be some questions you have let unanswered by the time we finish. Here is the home page of this brokers official site: The broker claimed to be regulated by the local Financial Services Conduct Authority (FSCA). However, the FSCAs guidelines are slightly more permissive in other ways. South Africa, for example, is one of the last regulatory centres where traders can still enjoy unlimited leverage, which is a significant benefit and incentive. Besides this, QuickTrade is a registered FSP with a FAIS Category I licence. QuickTrade is authorized to provide advisory and intermediary services about shares, derivative instruments and warrants, certificates, and other instruments under the conditions of its FSP licence. The brokers obligations to you under FAIS legislation and applicable FSCA laws are unaffected by the execution of its Client Agreement between you and QuickTrade. QuickTrade has also applied to the FMA to be authorized as such. QuickTrade is thus subject to the FMA‘s regulations for OTC derivatives providers and the FSCA’s laws that apply to OTC derivative providers. It is important to highlight that CFD transactions are conducted on a principal-to-principal basis and are not regulated by FAIS. Note: The screenshot date is February 10, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores. Market Instruments QuickTrade advertises that it offers access to a wide range of trading instruments in financial markets, including indices, US CFDs, commodities, and currencies. Account Types There isnt any account-specific information available on the website. It seems that QuickTrade offers a single account type. TRADE SIZE Trades start at 0.01 lots and go up in increments of 0.01, so the next available trade size is 0.02 lots and then 0.03 lots. There is no mention of the maximum trade size however with most brokers this is between 50 lots and 100 lots but we would not recommend trading over 50 lots at the time as it can make it harder for liquidity providers and the market to execute the trade quickly without any slippage. Leverage 1:100 is the default for all accounts, while the leverage is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads Spreads start at 1.2 pips and are floating which means that they change depending on the market conditions. If the market is volatile then the spreads will be a little higher, however, they will not fall below 1.2 pips. It is also worth mentioning that certain assets naturally have higher spreads and so may always be seen about 1.2 pips or even over 2 pips, but this is normal for all brokers. Trading Platform QuickTrade only offers one trading platform, the good news is that the available platform is MetaTrader5. MetaTrader5 (MT5) is the younger brother of MetaTrader4 (MT4) developed by MetaQuotes Software and released in 2010. MT5 is used by millions and offers plenty of trading and analysis features in your trading. Additional services expand the functionality of the platform making its capabilities almost limitless. MetaTrader5 offers the built-in Market of trading robots, the Freelance database of strategy developers, Copy Trading and a Virtual Hosting service (Forex VPS). Use all these services from one place, and access new trading opportunities. MetaTrader 5 is also highly accessible with it being available as a desktop download, application for iOS and Android devices and even as a WebTrader where you can trade from within your internet browser. Deposit & Withdrawal QuickTrade accepts deposits and withdrawals via Skrill, OZOW and payfast. Customer Support QuickTrades customer support can be reached by Phone: +27 11 315 1000, Email: hello@quicktrade.co.za, Live chat, WhatsApp or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: Co-working office 3-109, The Link, 173 Oxford Rd, Rosebank, Johannesburg, Gauteng, 2196 RSA. Pros & Cons Pros Cons • Wide range of trading assets • Suspicious clone • MT5 supported • Only South African residents available • Limited funding options • Lack of transparency Frequently Asked Questions (FAQs) Q 1: Is QuickTrade regulated? A 1: No. QuickTrade holds a suspicious clone Financial Sector Conduct Authority (FSCA) license. Q 2: At QuickTrade, are there any regional restrictions for traders? A 2: Yes. QuickTrades website is directed only at residents of the Republic of South Africa. Q 3: Does QuickTrade offer the industry-standard MT4 & MT5? A 3: Yes. QuickTrade supports MT5. Q 4: Is QuickTrade a good broker for beginners? A 4: No. QuickTrade is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.
How to login to QUICKTRADE?

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Basic Information

Registered Region
South Africa
Operating Period
--
Company Name
QUICKTRADE (PTY) LTD
Abbreviation
QUICKTRADE
Company employee
--
Customer Service Email Address
hello@quicktrade.co.za
Contact Number
+27829083332
Company Website
--
Company Address
Portion Bldg, Grnd Floor, 345 Rivonia Rd, Rivonia, Johannesburg, 2128
How to login to QUICKTRADE?
Quicktrade Complete Account Guide: Registration, Account Opening, and Login Processes Welcome to the Quicktrade Complete Account Guide! This comprehensive resource will walk you through the essential processes of registering, opening, and logging into your Quicktrade account. Whether you're a beginner or an experienced trader, this guide will provide you with clear instructions, common issues, and solutions to ensure a smooth experience on the platform. Part One: Account Registration Process How to Register a Quicktrade Account Registering for a Quicktrade account is the first step to accessing its trading features. Heres how to complete the Quicktrade registration process in five simple steps: Accessing the Registration Page Visit the Quicktrade website. Look for the “Sign Up” or “Create Profile” button, usually located at the top right corner of the homepage. Insert screenshot of registration page here. Filling in Required Information Enter your personal details, including your name, email address, phone number, and create a secure password. Ensure that the information matches your identity documents for smooth verification. Email/Phone Verification After submitting your registration form, check your email or SMS for a verification code. Enter this code on the website to confirm your email address and phone number. Identity Verification (if required) Depending on your region, you may need to upload identification documents (such as a passport or driver's license) and proof of address (like a utility bill). This step is crucial for compliance with financial regulations. Registration Confirmation Once your details are verified, you will receive a confirmation email with your account details. This email will contain your username and a link to log in. Common Registration Issues and Solutions Issue: Not receiving the verification email. Solution: Check your spam/junk folder. If its not there, ensure you entered the correct email address during registration. You can request a new verification email from the registration page. Issue: Identity verification documents not accepted. Solution: Ensure that the documents are clear, up-to-date, and meet the specified requirements. If issues persist, contact Quicktrade support for assistance. Regional Differences in Registration Quicktrade may have specific registration requirements depending on your country of residence. For example, South African users must comply with the Financial Intelligence Centre Act (FICA), which requires additional documentation for identity verification. Always check local regulations and requirements during the Quicktrade sign up process. Part Two: Account Opening Process Quicktrade Account Opening Detailed Guide After completing the registration, the next step is the Quicktrade account opening process. It's important to note that registration and account opening are distinct steps; registration is about creating an account, while opening an account involves selecting the type and funding it. Preparation Work Before Account Opening Before you proceed with the account opening, ensure you have the following ready: A valid identification document (ID, passport). Proof of address (utility bill, bank statement). Any additional documents required by your region. Detailed Account Opening Steps Selecting Account Type Log into your Quicktrade account using your credentials. Navigate to the account opening section and choose the type of account you wish to open (e.g., live account, demo account). Submitting Required Documents Upload the necessary documents for identity verification. This may include your ID and proof of address. Ensure that all documents are clear and meet the specified standards. Account Review Process After submitting your documents, Quicktrade will review them. This process typically takes a few hours to a day, depending on the volume of applications. Account Activation Once your documents are approved, you will receive a notification via email or SMS. Your account will be activated, and you can start trading. Initial Setup After activation, log in to your account. You may need to set up your trading preferences, including funding methods and risk management settings. Frequently Asked Questions About Account Opening How long does it take to open an account? Account opening can take anywhere from a few hours to a couple of days, depending on the verification process. What types of accounts can I open? Quicktrade offers various account types, including demo accounts for practice and live accounts for actual trading. Next Steps After Opening an Account Once your account is open, consider exploring the trading platform. Familiarize yourself with its features, tools, and available markets. Quicktrade also offers educational resources to enhance your trading skills. Part Three: Login Guide Quicktrade Login Process Explained Logging into your Quicktrade account is a straightforward process. Follow these steps for a successful login: Basic Web Login Process Go to the Quicktrade website. Click on the “Login” button at the top right corner of the homepage. Insert screenshot of login page here. Entering Your Credentials Input your registered email address and password in the designated fields. Ensure that you enter the correct details to avoid login errors. Completing Two-Factor Authentication (if enabled) If you have enabled two-factor authentication, follow the prompts to enter the verification code sent to your mobile device or email. Clicking the Login Button After entering your credentials and verification code, click on the “Login” button. Navigating to Your Dashboard Once logged in, you will be directed to your trading dashboard, where you can view your account balance, open positions, and trading history. Mobile App Login Process If you prefer using the Quicktrade mobile app, the login process is similar: Open the app and tap on the login button. Enter your credentials and complete any additional security steps. Common Login Issues and Solutions Forgotten Password If you forget your password, click on the “Forgot Password?” link on the login page. Follow the instructions to reset your password via email. Account Lockout If your account is locked due to multiple failed login attempts, contact Quicktrade support for assistance in unlocking your account. Technical Issues If you experience technical difficulties, try clearing your browser cache or updating your app to the latest version. Overview of Features After Login After successfully logging in, you can access various features, including: Trading tools and charts. Account management options. Educational resources and market analysis. Additional Sections Account Security Recommendations To ensure the security of your Quicktrade account: Use a strong, unique password. Enable two-factor authentication. Regularly monitor your account activity for any unauthorized transactions. Best Practices for Account Management Keep your personal information updated. Regularly review your trading strategy and risk management practices. Utilize the demo account to test new strategies without risking real money. How to Get Technical Support For any technical issues or inquiries: Use the live chat feature on the Quicktrade website. Contact customer support via email or phone for prompt assistance. This guide has provided a comprehensive overview of the Quicktrade registration, account opening, and login processes. By following these steps and recommendations, you can ensure a smooth experience on the Quicktrade platform. Happy trading!

Quicktrade Forex Broker - Complete Information Guide

1. Broker Overview

Quicktrade, officially known as Quicktrade (Pty) Ltd, was established in 2014. The broker is headquartered in Johannesburg, South Africa, with additional offices across several African countries and a division in the United States. As a private company, Quicktrade focuses primarily on providing trading services to retail clients in African markets, although it also serves clients from other jurisdictions.

With over 20 years of experience in financial markets, Quicktrade has developed a robust reputation for offering advisory and brokerage services. The company has achieved several milestones since its inception, including obtaining a license from the Financial Sector Conduct Authority (FSCA) in South Africa, which enhances its credibility in the competitive brokerage landscape.

Quicktrade operates as a market maker, providing liquidity directly to its clients rather than acting as an intermediary. This business model allows the broker to offer a diverse range of trading products, including Forex, CFDs, and commodities, catering to both individual and institutional clients.

2. Regulation and Compliance Information

Quicktrade is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, under the license number 45262. The FSCA is recognized for its stringent regulatory framework, similar to other notable authorities such as the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.

The license ensures that Quicktrade adheres to high standards of financial conduct, although it is important to note that South African regulations do not require participation in investor compensation schemes. As such, Quicktrade does not provide negative balance protection, which could expose clients to higher risks.

Quicktrade implements Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to safeguard against fraudulent activities. These policies ensure that client identities are verified and that funds are managed responsibly.

3. Trading Products and Services

Quicktrade offers a diverse array of trading products, including over 30 currency pairs that encompass major, minor, and exotic currencies. The broker also provides access to CFDs on commodities, such as gold, silver, and crude oil, as well as stock indices. Although the range of products has been reduced since March 2022, with the removal of CFDs on stocks listed on the Johannesburg Stock Exchange (JSE), Quicktrade has shifted its focus to U.S. company stocks and Forex trading.

The broker does not currently support cryptocurrency trading, which may limit options for clients interested in digital assets. However, Quicktrade continues to provide retail trading services while also catering to institutional clients, offering tailored solutions to meet their specific needs.

4. Trading Platforms and Technology

Quicktrade exclusively utilizes the MetaTrader 5 (MT5) trading platform, which is known for its advanced features and user-friendly interface. MT5 supports a variety of trading instruments, including Forex, stocks, and futures, making it a preferred choice among both novice and experienced traders.

The platform is accessible via desktop, web, and mobile applications, allowing users to trade on-the-go. Quicktrades MT5 platform includes features such as:

  • A built-in marketplace for trading robots
  • A freelance database for strategy developers
  • Copy trading functionality
  • Virtual hosting services (VPS)

Quicktrade operates its trading infrastructure on reliable servers, ensuring minimal latency and stable execution of trades. The broker also supports API integration, which is beneficial for clients looking to implement automated trading strategies.

5. Account Types and Trading Conditions

Quicktrade offers several account types, including:

  • Standard Account: This account type features a minimum deposit requirement of $1 and floating spreads starting from 1.2 pips. There are no additional commissions on trades.
  • Commission-Based Account: This account type provides lower spreads but charges a commission based on the trading volume.
  • Islamic Account: Available for clients adhering to Islamic finance principles, this account type does not incur swap fees.

The broker allows a maximum leverage of 1:1000, which can be adjusted based on market conditions and client preferences. The minimum trade size is 0.01 lots, providing flexibility for traders with varying capital levels.

6. Fund Management

Quicktrade supports several deposit methods, including bank transfers, Skrill, Ozow, and PayFast. There is no minimum deposit requirement for opening an account, making it accessible for new traders. However, clients should be aware that all transactions are conducted in South African Rand (ZAR), which may pose challenges for international clients.

Deposits are typically processed within a few hours, while withdrawals can take up to 3 business days depending on the method used. Quicktrade does not charge fees for deposits or withdrawals if there has been trading activity; otherwise, a nominal fee may apply.

7. Customer Support and Educational Resources

Quicktrade provides customer support through various channels, including phone, email, live chat, and social media. The support team is available from Monday to Friday, with specific hours tailored to accommodate client needs.

The broker offers educational resources such as webinars, tutorials, and market analysis to assist traders in enhancing their skills. Additionally, Quicktrade provides trading tools like economic calendars and calculators to aid in decision-making.

8. Regional Coverage and Restrictions

Quicktrade primarily serves clients in South Africa and other African nations, with plans to expand its reach to international markets. The broker has established offices in Botswana and other countries, enhancing its ability to cater to a broad client base.

However, Quicktrade does not accept clients from certain regions, and potential customers are advised to verify their eligibility before opening an account. The restrictions may be due to regulatory compliance or internal policies.

In conclusion, Quicktrade is a regulated broker offering a range of trading products and services tailored to meet the needs of both retail and institutional clients. With its focus on the African market and commitment to compliance, Quicktrade presents itself as a viable option for traders looking to enter the Forex and CFD markets.

Latest Reviews

孙秀香

孙秀香

Australia

I have been trading with quicktrade for a while now and everything works fine. But I saw on wikifx that its regulatory license may be cloned? Could it be a liar? I'm so worried...

Positive

2023-02-16

FX1130492669

FX1130492669

South Africa

I've used QuickTrade for about a year now and had a great experience. I did have an issue when purchasing a funding challenge where the email with the login info wasn't sent right away, but I contacted support and they fixed the issue.

Positive

2022-12-12

QUICKTRADE Forex Broker has an overall rating of 1.57, Regulatory Index 0.00, License Index 0.00, Business Index 7.46, Software Index 4.00 Risk Control Index 0.00.
QUICKTRADE