Quantower Forex Broker provides real users with 1 positive reviews, 1 neutral reviews and * exposure review!
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This is one of the best companies that I rely on and trust the most. I love their service the platform is excellent. I was assisted via live chat and excellent service. All my questions were answered promptly.
Outstanding Service. Their responsiveness is terrific. And they are supported every step of the way, making the transaction seamless and uncomplicated.
Summary: Quantower has garnered a reputation as a versatile trading platform, praised for its extensive customization options and advanced trading tools. Users appreciate its seamless integration with multiple brokers and a broad range of asset classes, although some have reported technical issues and a steep learning curve.
Note: It is essential to consider the varying regulatory environments across different regions, as Quantower operates in an unregulated space, which may impact user trust and security.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 8 |
| Customer Service and Support | 7 |
| Trading Setup (Experience) | 8 |
| Trustworthiness | 5 |
| User Experience | 7 |
| Additional Features | 6 |
How We Rate Brokers: Ratings are based on a comprehensive analysis of user reviews, expert opinions, and factual data regarding services, fees, and overall performance.
Founded in 2017, Quantower is a fintech initiative that has quickly established itself as a robust, broker-neutral trading platform. It offers a comprehensive suite of tools for both manual and automated trading across various markets, including forex, stocks, futures, options, and cryptocurrencies. Notably, Quantower does not operate on traditional platforms like MT4 or MT5, which may appeal to traders looking for more innovative solutions. The platform is designed to facilitate a seamless trading experience with a strong emphasis on customization and integration with multiple brokers.
Regulated Areas: Quantower operates without formal regulation, which raises concerns for some traders regarding the safety of their funds and adherence to industry standards. This unregulated status is a significant factor for potential users to consider.
Deposits/Withdrawals: Quantower supports a variety of funding methods, including traditional currencies (like USD and EUR) and cryptocurrencies through platforms like CoinPayments. This flexibility is beneficial for traders who prefer using digital assets.
Minimum Deposit: The platform's minimum deposit requirements are not explicitly stated in the sources, but users have noted that it is accessible for both novice and experienced traders.
Bonuses/Promotions: Quantower does not appear to offer significant bonuses or promotions, focusing instead on providing a free plan that allows users to explore basic features before committing to a paid subscription.
Tradeable Asset Classes: Users can trade a wide range of assets, including forex, stocks, futures, options, and cryptocurrencies. This multi-asset approach is a significant draw for traders looking to diversify their portfolios.
Costs (Spreads, Fees, Commissions): The platform operates on a subscription model, with monthly fees ranging from $0 for the basic plan to $70 for the all-in-one package. Users have reported competitive spreads, although specific percentage figures were not available in the sources.
Leverage: The available leverage varies based on the broker connected through Quantower, with some users reporting up to 1:500, particularly in the forex market.
Supported Trading Platforms: While Quantower is not built on MT4 or MT5, it offers its own advanced trading environment tailored for various trading strategies. This unique setup may attract traders looking for a more specialized experience.
Restricted Regions: As an unregulated platform, Quantower does not specify restricted regions, but users should be cautious about local laws regarding trading and financial services.
Available Customer Support Languages: Quantower offers customer support in multiple languages, including English, with representatives available via email, live chat, and messaging platforms like Telegram and Discord.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 8 |
| Customer Service and Support | 7 |
| Trading Setup (Experience) | 8 |
| Trustworthiness | 5 |
| User Experience | 7 |
| Additional Features | 6 |
Account Conditions: Users have reported that while the platform offers a free plan, the limitations may not suffice for serious traders. The subscription model is flexible, but the lack of a comprehensive free trial for paid features can be a downside.
Tools and Resources: Quantower shines in this category, providing over 40 customizable modules for in-depth analysis. Users have praised its advanced charting capabilities, including cluster charts and volume profiles, which are essential for technical traders.
Customer Service and Support: The platform's customer service has received mixed reviews. While many users commend the availability and responsiveness of support staff, some have reported delays and issues that were not resolved promptly.
Trading Setup (Experience): The user experience is generally positive, with many traders appreciating the platform's intuitive design and customization options. However, new users may face a steep learning curve due to the platform's complexity.
Trustworthiness: As an unregulated platform, Quantower's trustworthiness is a significant concern. Many users express hesitation about the safety of their funds, especially given the lack of regulatory oversight.
User Experience: Overall, users have reported a satisfactory experience with the platform, citing its speed and efficiency. However, some have mentioned technical glitches and the need for a dedicated mobile application.
Additional Features: The platform's ability to connect with multiple brokers simultaneously is a standout feature, allowing for a more flexible trading approach. However, the lack of educational resources for beginners is a notable drawback.
In conclusion, the Quantower review highlights a platform that is well-suited for experienced traders seeking advanced tools and customization. However, potential users should weigh the benefits against the risks associated with its unregulated status and consider their trading style before committing to the platform.
