Quadcode Markets Review: Empowering Traders with a Wide Range of Financial Instruments
Quadcode broker is practically a newbie in the trading world. However, whoever started the business knows what traders want.
Practically, that’s a reliable and trusted broker with an attractive trading offer. In fact, that’s exactly what Quadcode Markets broker has. But if that’s enough for traders coming from all over the world, we are about to discover in this Quadcode Markets review.
Who Is Quadcode Markets?
The company is primarily registered in Australia in 2022. However, already in June 2023, the company enters the European markets. Quadcode Markets broker operates under the ownership of Quad Code AU Pty.
With all the necessary information about the company, they started with full transparency. However, there are minor perks that might get you away from choosing this broker.
|Quad Code AU Pty
|Financial Authorities Warnings:
|E-mail: [email protected]
|If a withdrawal is possible:
|Hidden withdrawal fee / 10 units inactivity fee after 90 days
|If Active on Social Media:
|Yes – Facebook, Instagram, Twitter, Youtube, LinkedIn, TikTok
|Segregated bank accounts for deposits and negative balance protection
As the company is based in Australia, we are looking primarily at the Tier 1 regulatory register there. That is the Australian Securities and Investments Commission (ASIC). Indeed, the broker is listed in their register, but the only protection they claim to provide is the segregated bank accounts for clients’ deposits and negative balance protection.
It’s widely known that ASIC-regulated brokers don’t have a compensation scheme. Unlike FCA for example where traders can get up to 85.000 GBP.
Quadcode Markets Profile
On the positive side, Quadcode Markets transparently presents all the trading conditions on its website. Also, there is a demo account available for testing out.
On the contrary, the company has just over 300 assets available. But the worst part is that they don’t have third-party software, such as MetaTrader or cTrader. Quadcode Markets options for trading are only available through the proprietary trading platform.
|Financial Instruments On Offer:
|No commissions / No bonuses
|Education or Extra tools:
Is Quadcode Markets legit?
Considering everything we have seen so far, yes. However, there are statements that the broker is registered in Cyprus as well. Thus, the broker doesn’t reveal any licensing information for the EEA zone.
Neither CySEC nor any other. Especially not the UK one while they are providing services to the UK traders.
Quadcode Markets Clients Reviews: What clients can tell us?
Overall Quadcode Markets reviews are quite positive. With an average rating of 4.3 on Trustpilot, you can see that traders are satisfied with their services. Their traders generally come from:
- United Kingdom
To get back to reviews, there are also traders pointing out limited withdrawal options. So, have that in mind while choosing a broker. Generally, many traders compare multiple similar brokers first. If you would like to consult with our experts about broker offers, feel free to contact us. But don’t skip before that our Triomarkets, Superforex and Axiance reviews.
Quadcode Markets Investment Products
In general, Quadcode Markets trading options are quite limited. Especially if you compare it to some other Tier 1 licensed brokers.
They provide CFD trading services in 5 main categories. Those are:
Quadcode Markets Accounts Types and Its Features
Quadcode Markets doesn’t have a traditional account type offer. In fact, completely the opposite. Everyone gets the same trading conditions here.
So, there is only one account type – Standard. The minimum deposit requirement starts at $50. Quadcode Markets fees are collected through spreads and rollovers. Yet, there is no commission. For instance, the live spread for EUR/USD is around 1.5 pips. The main key point is leverage which is limited to 1:30.
Deposits and Withdrawal Methods
Funding methods available are listed on the company’s website. On the positive side, there are no Quadcode Markets bonus promotions. As for the payment options, you can choose between:
- Bank cards
- Wire transfers
Unfortunately, there is a huge downside to card transfers. In general, they process it on the same day. Yet, it may take up to 21 days to withdraw the profits. Also, there might be limitations and restrictions from the payment processor side. Still, there are no confirmations of potential issues. But if you know there are Tier 1 FCA licensed brokers paying you out in 24 hours, nobody wants to wait 3 weeks.
Quadcode Markets Trading Platforms
Instead of third-party software, Quadcode Markets provided a proprietary platform. Once you complete the Quadcode Markets login procedure you are faced with quite a user-friendly and simple platform.
Sadly, it can’t be compared to the industry leaders like MT5 or cTrader. Also, there are no advanced features like copy or social trading. Neither Expert advisors that are highly popular nowadays.
Mobile Trading Apps
On the positive side, the platform is available on all mobile devices. Whether you are iOS or Android user you can get it from the store.
Important to realize is that software is downloaded on Play Store just over 10.000 times. While MetaTrader has more than 10 million downloads.
Another key point is Quadcode Markets support. Considering only e-mail and social media, we can consider it poor. Especially knowing that some other Tier 1 licensed brokers have many more options, such as live chat and multi-lingual call center support. Therefore, if you need the broker you need to rely on their mercy to reply to you as soon as possible.
Quadcode Markets Pros and Cons
Besides Quadcode Markets crypto trading, there is nothing extremely attractive in instruments. Nothing that other companies don’t offer already. On the positive side, the company has highly trusted regulations and multiple funds protection features. Also, trading conditions are catchy and there is also a demo account available.
On the other hand, there is only proprietary software available. On top of that, the company is only in the business for less than a year. Instead, you can opt for brokers that are way longer in the business. In fact, with the same or even better protection.
Summary of Quadcode Markets review
Overall, the broker provides full transparency and important security. There is also a demo account available for testing out. Still, you should compare it with other brokers to find yourself the most suitable option.
If you are still luring for a trusted and reliable broker, now is the time to contact us. Our specialized team can form your list of brokers that can exactly match your preferences and skill levels. Most importantly it won’t cost you anything and you don’t have any obligation to follow the recommendation. Yet, there are many more things you can learn about the brokers. Get in touch today to get more information!
Is Quadcode Markets safe for trading?
Generally, yes. They have much-needed protection and licensing but the only missing feature is reliable third-party software.
What is the minimum deposit for Quadcode Markets?
The minimum deposit requirement is way lower than the industry average and starts at $50.
What is the maximum leverage with Quadcode Markets?
The Quadcode Markets' leverage is limited by ASIC regulations and the maximum you can get is 1:30.