Quantfury
Pros and Cons
Pros
- Regulated by FCA and Securities Commission of the Bahamas
- Diverse trading instruments: forex, commodities, indices, stocks, cryptocurrencies
- Real-time spot prices with zero trade commissions
- 24/7 customer support with multiple contact options
- User-friendly trading platform designed for all experience levels
Cons
- Lack of comprehensive regulatory oversight
- Limited educational resources for novice traders
- Concerns about execution speed and spreads
- Reported issues with customer service responsiveness
- Potential hidden fees despite claims of zero commissions
Basic Information
User Reviews
Quantfury Overview
Quantfury Trading UK Limited, founded in 2017 and based in the United Kingdom, is a forex broker that has established itself in the trading industry over the past 5 to 10 years. Known for its innovative business model, Quantfury operates without traditional trading fees, allowing clients to trade at real-time spot prices across various asset classes. The company’s commitment to transparency and client-centric services enhances its credibility in the competitive forex market, although specific regulatory affiliations are not detailed in the provided reference.
Quantfury offers a diverse range of trading instruments, including forex, indices, commodities, and cryptocurrencies, all accessible through its advanced trading platform. Designed to cater to both novice and experienced traders, the platform ensures seamless trading experiences with real-time market prices and no hidden costs. Additionally, Quantfury provides exceptional customer support available 24/7, fostering a responsive environment for traders. The broker’s unique advantages, such as zero trade commissions and borrowing fees, further distinguish it in the marketplace, aiming to improve clients’ net returns and overall trading experience.
Is Quantfury Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | Financial Services Compensation Scheme (FSCS) – compensation up to £85,000 |
| Securities Commission of the Bahamas | Bahamas | Custodial and brokerage licenses, regulated as custodian of digital assets |
Is Quantfury Regulated and How Are Client Funds Protected?
Quantfury Trading UK Limited is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which provides a framework for investor protection through the Financial Services Compensation Scheme (FSCS). This scheme offers compensation to clients up to £85,000 in the event of the broker’s liquidation and inability to meet obligations. Additionally, Quantfury operates under the Securities Commission of the Bahamas, where it holds both brokerage and custodial licenses, ensuring compliance with local regulations for the safeguarding of client assets. These regulatory affiliations contribute to a safer trading environment and enhance the trustworthiness of the broker.
Trading Products and Services
What trading instruments does Quantfury offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Quantfury provides a diverse range of trading instruments across various asset categories, catering to the needs of different types of traders. With offerings including forex, commodities, indices, stocks, and cryptocurrencies, traders can find suitable products for both short-term and long-term strategies. This broad selection enhances portfolio diversification and allows traders to implement flexible trading strategies based on market conditions. The platform’s commitment to real-time spot prices and zero trade commissions further supports traders in maximizing their investment potential, ensuring an efficient trading experience for both novices and seasoned professionals.
Account Types and Trading Conditions
What Account Types and Fees Does Quantfury Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners and casual traders | Access to a wide range of trading instruments with zero trade commissions | Ideal for small-capital practice without minimum deposit requirements |
| Professional Account | Experienced traders | Enhanced trading features with advanced tools and no traditional fees | Available for traders meeting specific trading volume criteria |
| Demo Account | New traders seeking practice | Allows users to trade in a risk-free environment | Perfect for testing strategies without real financial exposure |
Account Opening Process
To open an account with Quantfury, follow these steps: First, submit your personal details, including your full name, email address, and a secure password. Next, you’ll need to provide employment and financial information as part of the registration process. Afterward, complete identity verification by uploading a valid ID and proof of address. Once your account is verified, you can begin trading. It is also possible to upgrade to a professional account later if you meet the necessary requirements.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 | Tight spreads for major pairs |
| CFDs (S&P 500) | 1.0 | $0 | Competitive pricing for indices |
| Commodities (Gold) | 1.5 | $0 | Accessible trading conditions |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Quantfury does not impose any deposit or withdrawal fees, allowing for cost-effective funding of accounts. However, users should be aware of potential network fees associated with cryptocurrency transactions. There are no inactivity fees, and the platform does not charge for platform usage. Additionally, overnight interest (swap rates) does not apply, and currency conversion fees may occur depending on the specifics of the account’s funding and trading activities.
Trading Platforms and Apps
What Trading Platforms and Apps Does Quantfury Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Web Platform | Windows, macOS | Real-time market data, advanced charting, secure login with encryption | Demo account available |
| Mobile App | iOS, Android | Real-time price alerts, one-click trading, biometric login options | 24/7 in-app support |
| Desktop Application | Windows, macOS | Comprehensive trading tools, multiple order types, market search | API interface available |
The web platform offers a customizable trading experience with access to detailed analytics and real-time market data, making it suitable for all trader levels. The mobile app allows traders to manage their accounts on the go, featuring secure logins and instant alerts. The desktop application provides robust trading tools for advanced strategies, ensuring fast order execution and efficient market research capabilities. Overall, Quantfury emphasizes secure logins, mobile trading convenience, and real-time market insights across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1–3 business days | No platform fee | Min £50, Max £20,000/day | GBP, USD |
| Credit/Debit Cards | Instant | No platform fee | Min £50, Max £20,000/day | GBP, USD |
| Cryptocurrency (BTC, ETH) | Instant | No platform fee, but network fees may apply | Min £50, Max £20,000/day | GBP, USD |
Minimum Deposit
Quantfury requires a minimum deposit of £50 for all account types. This minimum remains consistent across payment methods, making it accessible for both beginners and experienced traders.
How to Withdraw
To withdraw funds from your Quantfury account, follow these steps: 1. Log in to your Quantfury account. 2. Navigate to the ‘Withdraw’ section. 3. Select your preferred payment method. 4. Enter the withdrawal amount, ensuring it meets the minimum and maximum limits. 5. Confirm your details and submit the request. 6. Wait for the processing time as indicated for your chosen withdrawal method.
Customer Support
Quantfury Customer Support Overview
Support Channels
Quantfury offers multiple ways to contact their customer support team, ensuring assistance is readily available for all users. These include:
- Email: For customer support-related inquiries, users can reach out to support@quantfury.com. For compliance inquiries, email compliance@quantfury.com, and for other inquiries, use team@quantfury.com.
- Live Chat: Users can access support directly through the Quantfury app or web platform by navigating to the ‘Help Center’ and selecting ‘Contact Support.’
- Telephone: Users can contact support via the British Virgin Islands toll-free number at 844-298-1808 or the international toll-free number at 0080000085274.
- Social Media: Connect with Quantfury through their social media channels for updates and customer support inquiries.
Service Availability
Quantfury’s customer support is available 24/7, ensuring that assistance is always accessible regardless of the time zone. The support team is equipped to handle inquiries in multiple languages, fostering effective communication with a diverse user base.
Additional Resources
In addition to direct support, Quantfury provides educational resources including video tutorials, market analysis, and trading signals to enhance the trading experience and help users make informed decisions.
Frequently Asked Questions
Yes, Quantfury Trading UK Limited is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which provides investor protection through the Financial Services Compensation Scheme (FSCS). This scheme offers compensation to clients up to £85,000 in case of the broker’s liquidation. Additionally, Quantfury is regulated under the Securities Commission of the Bahamas, where it holds custodial and brokerage licenses, ensuring compliance with local regulations for safeguarding client assets.
Quantfury offers trading without traditional fees, allowing clients to trade at real-time market prices from global exchanges. Clients do not pay trade commissions, borrowing fees, or any additional fees when executing trades. The platform supports a wide range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies, providing flexibility for various trading strategies.
You can deposit funds into your Quantfury account using bank transfers, credit/debit cards, or cryptocurrencies like Bitcoin and Ethereum. The minimum deposit across all methods is £50. Withdrawals can be initiated from your account by selecting your preferred payment method and entering the withdrawal amount, adhering to the minimum and maximum limits specified for each method.
Quantfury provides 24/7 customer support through various channels, including email, live chat, and telephone. Users can reach out to the support team for assistance with inquiries, and the support service is equipped to handle multiple languages, ensuring effective communication with a diverse user base.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.