Quadcode Markets
Pros and Cons
Pros
- Regulated by Australian Securities and Investments Commission (ASIC)
- Diversified trading instruments including Forex, commodities, and cryptocurrencies
- Proprietary trading platform available on desktop and mobile
- Competitive spreads and multiple account types
- Customer support available via email and phone
Cons
- No MetaTrader platform support
- Vague fee information available
- Limited educational resources
- Withdrawal processing times can be lengthy
- No advanced trading tools or features
Basic Information
User Reviews
Quadcode Markets Overview
Quadcode Markets is a forex broker established under the company name Quad Code AU Ltd, operating for approximately 15-20 years. It is based in Australia and is regulated by the Australian Securities and Investments Commission (ASIC), ensuring compliance with strict financial regulations. This regulatory status enhances trust and credibility among traders looking for a reliable trading partner in the forex market.
The broker offers a range of trading instruments, including forex, commodities, and cryptocurrencies, with a focus on providing a streamlined trading experience. Quadcode Markets features a proprietary trading platform accessible on mobile and desktop devices, designed to cater to various trading styles. Customer support is available through multiple channels, including email, ensuring that traders can receive assistance as needed. With competitive spreads and a commitment to customer service, Quadcode Markets positions itself as a viable option for those interested in trading within a regulated environment.
Is Quadcode Markets Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Australian Securities and Investments Commission (ASIC) | Australia | Segregated Funds |
Is Quadcode Markets Regulated and How Are Client Funds Protected?
Quadcode Markets is regulated by the Australian Securities and Investments Commission (ASIC), which is a reputable financial authority that oversees financial services in Australia. This regulatory status enhances the broker’s legitimacy and provides a level of safety for traders. Client funds are protected through the implementation of segregated accounts, ensuring that traders’ funds are kept separate from the broker’s operational funds. This measure helps safeguard clients’ investments in case of any financial difficulties faced by the broker. Furthermore, ASIC’s stringent regulatory framework mandates compliance with high standards of financial conduct, thereby reinforcing trust and reliability in the services offered by Quadcode Markets.
Trading Products and Services
What Trading Instruments Does Quadcode Markets Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Many |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Quadcode Markets offers a diverse range of trading instruments across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection caters to various trading styles and preferences, making it suitable for both beginners and seasoned professionals. The ability to trade in multiple asset classes allows for strategic portfolio diversification and enhances flexibility in trading strategies. By providing access to a wide array of markets, Quadcode Markets empowers traders to adapt their approaches based on market conditions and individual goals, ultimately fostering a more dynamic trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does Quadcode Markets Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Accessible minimum deposit and user-friendly interface | Ideal for those starting with small capital |
| Professional Account | Experienced traders | Higher leverage and advanced trading tools | Requires verification of trading experience |
| Demo Account | New traders | Practice trading without financial risk | Suitable for familiarization with the platform |
Account Opening Process
To open an account with Quadcode Markets, traders need to follow a straightforward process. This includes submitting personal information, such as name, email, and phone number, along with employment and financial details. Traders must also complete identity verification by providing a valid ID and proof of address. The account structure allows for flexibility, enabling users to upgrade to a professional account later based on their trading experience and requirements.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (Minor Pairs) | 1.2 | $0 (ECN: $3.5/lot) | Wider spreads for minors |
| CFDs (Stocks) | 1.0 | $0 (ECN: $3.5/lot) | Competitive rates on stock CFDs |
| CFDs (Indices) | 1.5 | $0 (ECN: $3.5/lot) | Standard spreads for indices |
| CFDs (Commodities) | 1.0 | $0 (ECN: $3.5/lot) | Varied based on commodity |
| Cryptocurrencies | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Quadcode Markets may impose various fees beyond trading costs. These can include deposit and withdrawal fees, which vary based on the payment method. Inactivity fees may apply if an account is dormant for an extended period. Additionally, overnight interest may be charged on positions held beyond the trading day, commonly referred to as swap rates. Currency conversion fees may also be applicable for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Quadcode Markets Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Proprietary Trading Platform | Desktop (Windows, macOS), Mobile (iOS, Android) | Secure login options, multiple order types, price alerts, technical indicators | Demo account available |
| Web Version | Web Browser (Windows, macOS) | Market search tools, encrypted connections, push notifications | Access to trading resources |
| Mobile App | Mobile (iOS, Android) | Convenient login, real-time alerts, one-click trading | Demo account available |
Quadcode Markets offers a proprietary trading platform that caters to both desktop and mobile users, ensuring traders have access to their accounts from various devices. The desktop platform supports Windows and macOS, while the mobile app is available for iOS and Android. Each platform includes essential features such as secure login methods, multiple order types, and market search tools. The mobile app enhances trading flexibility by allowing users to receive real-time alerts and execute trades conveniently. Overall, Quadcode Markets provides a robust trading infrastructure designed to facilitate a seamless trading experience across devices.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 2-3 business days | No platform fee | Min $50, Max $20,000/day | AUD, USD |
| Credit/Debit Card | Instant | No platform fee, 1.5% card charge | Min $50, Max $10,000/day | AUD, USD |
| e-Wallet (PayPal, Skrill) | Instant | No platform fee, 1.5% e-wallet charge | Min $50, Max $15,000/day | AUD, USD |
Minimum Deposit
The minimum deposit requirement at Quadcode Markets is $50. This amount applies uniformly across different payment methods and account types, ensuring accessibility for all traders.
How to Withdraw
- Log into your Quadcode Markets account.
- Navigate to the ‘Withdraw’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw and confirm your details.
- Submit your withdrawal request. Processing times will vary based on the chosen method.
Customer Support
Quadcode Markets Customer Support Overview
Support Channels
Quadcode Markets provides multiple contact methods for customer support, ensuring traders can easily reach out for assistance. The primary support channels include:
- Email: Traders can contact support via email at support.au@quadcodemarkets.com for inquiries and assistance.
- Telephone: Customers can also reach support by calling +357 24 267 222.
- Social Media: Quadcode Markets maintains a presence on social media platforms where traders can follow updates and engage with the support team.
Service Availability
Customer support at Quadcode Markets is available during business hours, providing traders with timely assistance for their needs. Support is available in English, and additional languages may be accessible through various contact methods.
Additional Resources
To enhance the trading experience, Quadcode Markets offers educational resources such as video tutorials, market analysis, and trading signals, aimed at helping traders improve their skills and make informed decisions.
Frequently Asked Questions
Yes, Quadcode Markets is regulated by the Australian Securities and Investments Commission (ASIC), which ensures compliance with strict financial regulations, enhancing trust and credibility among traders.
Quadcode Markets offers a diverse range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies, catering to various trading styles and preferences.
Client funds at Quadcode Markets are protected through the implementation of segregated accounts, ensuring that traders’ funds are kept separate from the broker’s operational funds, which helps safeguard clients’ investments.
If you face issues with withdrawals, it is advisable to contact Quadcode Markets’ customer support via email at support.au@quadcodemarkets.com or by calling +357 24 267 222 for assistance.
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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.