Quadcode Markets 2025 Review: Everything You Need to Know
Summary: Quadcode Markets has established itself as a notable player in the online trading space, offering a user-friendly proprietary platform and a diverse range of tradable assets. However, it faces criticism for higher-than-average fees and limited educational resources.
Note: It is essential to consider that Quadcode Markets operates under different entities in various regions, which may affect the trading conditions and regulatory protections available to users.
Rating Box
We assess brokers based on comprehensive reviews and user feedback to provide an accurate portrayal of their offerings.
Broker Overview
Founded in 2021, Quadcode Markets is an Australian-based brokerage firm regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). The broker primarily offers contracts for difference (CFDs) across various asset classes, including forex, stocks, commodities, indices, and cryptocurrencies. The proprietary trading platform is designed for ease of use, featuring over 100 technical indicators and various analytical tools, making it suitable for both novice and experienced traders.
Detailed Section
Regulatory Regions
Quadcode Markets is regulated in Australia by ASIC and in Cyprus by CySEC, ensuring a level of trust and oversight in its operations. The broker also has a presence in the Bahamas under the Securities Commission of the Bahamas (SCB). However, the regulatory landscape may differ for clients depending on their location, which can impact the protections available to them.
Deposit/Withdrawal Currencies
The broker accepts deposits and withdrawals in multiple currencies, including AUD, USD, EUR, and GBP. This flexibility allows traders from various regions to engage with the platform without significant currency conversion issues.
Minimum Deposit
The minimum deposit required to open an account with Quadcode Markets is $50, making it accessible for beginner traders looking to start with a modest investment.
Currently, Quadcode Markets does not offer any bonuses or promotional incentives, aligning with its transparent fee structure. This lack of promotions may be a drawback for some traders seeking additional incentives to trade.
Tradable Asset Classes
Quadcode Markets provides access to over 300 tradable assets, including:
- Forex: A selection of major, minor, and exotic currency pairs.
- Stocks: CFDs on shares from various global markets.
- Commodities: Popular commodities, including gold and oil.
- Indices: Major global indices for diversified trading.
- Cryptocurrencies: A range of cryptocurrencies for those interested in digital assets.
Costs (Spreads, Fees, Commissions)
The broker operates on a commission-free model, with costs primarily derived from spreads. Average spreads for popular instruments like EUR/USD can range from 1.1 to 1.5 pips, which some reviews indicate are higher than competitors like IG and CMC Markets. Additionally, Quadcode Markets charges a $10 inactivity fee after 90 days of no trading activity, which could deter casual traders.
Leverage
The maximum leverage offered by Quadcode Markets is 1:30, which is standard for regulated brokers in Australia. This leverage allows traders to amplify their positions, but it also increases the risk of significant losses.
Quadcode Markets utilizes its proprietary trading platform, which is available on desktop, web, and mobile. However, it does not support third-party platforms like MetaTrader 4 or 5, which could limit options for traders who prefer those established platforms.
Restricted Regions
Currently, Quadcode Markets is not available to traders in the United States and several other countries, potentially limiting its global reach.
Available Customer Service Languages
Customer support is primarily offered in English, which may pose a challenge for non-English speaking clients. Support is available 24/7 via email and live chat on the trading platform, although some users have reported limited knowledge from support agents regarding advanced trading queries.
Repeat Rating Box
Detailed Breakdown
Account Conditions
Users generally appreciate the straightforward account setup with a low minimum deposit. However, the lack of multiple account types or raw spread accounts may limit flexibility for more experienced traders.
While Quadcode Markets offers a user-friendly platform with various technical indicators, it lacks comprehensive educational resources and in-depth research tools, which could be a disadvantage for novice traders looking to enhance their skills.
Customer Service and Support
The availability of 24/7 customer support is a positive aspect, but the limited language options and knowledge depth of agents may lead to frustrations for clients with specific queries.
Trading Setup (Experience)
The proprietary trading platform is noted for its intuitive design and functionality, making it suitable for both beginners and experienced traders. However, the absence of popular third-party platforms might deter some users.
Trustworthiness
Quadcode Markets is regarded as a trustworthy broker due to its regulation by ASIC and CySEC, which imposes strict operational standards. User reviews generally reflect a positive sentiment towards the broker, although some concerns about withdrawal processes have been raised.
User Experience
Overall, users find the platform easy to navigate, and the demo account feature allows traders to practice without risk. However, some users have expressed a desire for more educational content and improved customer support.
In conclusion, Quadcode Markets presents a solid option for traders seeking a reliable platform with a user-friendly interface and diverse asset offerings. However, potential clients should weigh the pros and cons, especially regarding fees and educational resources, before making a decision.
