Market Analysts Unveil In-Depth Quadcode Markets Review
Quadcode Markets, a Sydney-based entity under Quadcode AU LTD since 2021, offers CFD trading with a unique platform, transparent fees, and a focus on active trading, but faces criticism for lacking passive income options and restrictive support channels.
Quadcode Markets, established in 2021 and headquartered in Sydney, Australia, operates as an entity under Quadcode AU LTD.
It is under the regulatory oversight of the Australian Securities and Investments Commission (ASIC), with the official ACN number being 131 376 415.
The company offers a single account type with competitive trading terms. Its range of available instruments is exclusively comprised of contracts for difference (CFDs) on over 300 different assets.
The leverage ratio stands at 1:30, while the minimum deposit requirement is set at $50. Notably, there are no trading fees, and the spread varies, floating within a range of 0.15 pips to 1.3 pips.
Withdrawals do not incur fees, but a $10 charge is applied for accounts that remain inactive for 90 days. Besides, it provides competitive swap rates. Deposits are processed instantly, and withdrawals typically take 3-5 days, which can be facilitated via bank cards, Neteller, or Skrill.
Its security measures include KYC (Know Your Client) verification and the implementation of SSL (Semaphore Signal Level) protocols. Additionally, the firm segregates trader funds from its own.
As per Quadcode Markets review, the broker offers a generally competitive trading environment with a strong emphasis on active trading, lacking options for passive income.
The standout feature of the company is its in-house trading platform, which boasts an array of valuable functionalities.
Notably, it includes negative balance protection (NBP) and an extensive library of indicators, spanning from classic options like Bollinger Bands to the Relative Strength Index (RSI).
Moreover, the broker ensures that clients won’t experience unexpected account balance fluctuations.
Its transparent fee structure guarantees that traders always know the exact amount they’ll receive when making withdrawals, as no additional charges apply. This straightforward and easy-to-comprehend fee policy represents a substantial advantage, as not all brokers offer such favorable terms.
The entity also enables the creation of a versatile investment CFD portfolio, offering traders advanced risk management tools like stop loss, take profit, and negative balance protection. Besides, users can configure alerts and notifications within their accounts.
Subsequently, its proprietary trading platform is on par with, if not superior to, traditional solutions. It provides access to over 100 technical analysis instruments, including a wide range of integrated indicators. Clients can evaluate conditions and strategies on a demo account with a $10,000 virtual deposit.
Quadcode Markets’ trading platform is accessible on iOS and Android devices, as well as on computers running Windows or Mac operating systems.
Registration on the platform takes just a few minutes, and trader identity verification typically takes 1-3 days. Furthermore, there is a video tutorial available for guidance on using the broker’s platform.
Nonetheless, the company exhibits certain drawbacks that have left some of its past and present customers feeling disappointed.
These concerns include the fact that the platform exclusively provides CFDs despite a wide range of available assets.
In addition, traders are unable to generate passive income due to the absence of both investment solutions and a referral program.
The technical support, though responsive, is restricted to communication through email and within the user account. For individuals who are not registered users, email remains the sole available option for contact.
In terms of regulation, there is no possibility of contacting regional regulatory authorities unless the individual resides in Australia.
As a result, experts advise users to explore more dependable brokers offering improved conditions. This recommendation stems from reviews that indicate a significant number of clients are dissatisfied with the company’s performance.
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