QUANTUM METAL
Pros and Cons
Pros
- Specializes in precious metals trading, particularly digital gold
- Low minimum deposit requirement of RM 10
- User-friendly trading experience with multiple account types
- Offers leveraged trading options up to 10 times capital
- Access to LBMA-certified physical gold with secure storage
Cons
- No regulation by recognized financial authorities
- Higher risks associated with unregulated trading
- Limited payment options for deposits and withdrawals
- Lack of educational resources for traders
- Potential for high fees on physical gold withdrawals
Basic Information
User Reviews
QUANTUM METAL Overview
QUANTUM METAL, officially known as QUANTUM METAL SDN BHD, is a forex broker established in 2012 and headquartered in Malaysia. While it offers trading services, it is important to note that this broker operates without regulation from recognized financial authorities such as Bank Negara Malaysia or the Securities Commission Malaysia, which warrants caution for potential traders engaging with their services. The company has been in operation for 2-5 years, providing a platform for trading digital gold investments, among other financial instruments.
As a broker, QUANTUM METAL specializes in precious metals trading, particularly offering access to LBMA-certified physical gold. The platform facilitates various services, including gold storage and leveraged trading options. Although they provide customer support through multiple channels, including phone and email, it is essential for traders to be aware of the inherent risks associated with trading through an unregulated entity. QUANTUM METAL’s competitive advantages may include low minimum deposit requirements and a user-friendly trading experience, making it an option for investors interested in gold investment.
Is QUANTUM METAL Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| No regulation | Malaysia | No investor protection measures |
Is QUANTUM METAL Regulated and How Are Client Funds Protected?
QUANTUM METAL is not regulated by any recognized financial authority. This lack of regulation raises significant concerns regarding the safety of client funds, as there are no established investor protection mechanisms in place. Trading with an unregulated broker like QUANTUM METAL poses higher risks of fraud and lacks the oversight that typically accompanies regulated financial institutions. Potential traders should exercise caution and be fully aware of the risks involved when engaging with unregulated entities.
Trading Products and Services
What Trading Instruments Does QUANTUM METAL Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | [Major Pairs / Examples] | [Number] |
| Commodities | [e.g. Gold, Oil] | [Number] |
| Indices | [e.g. S&P 500, NASDAQ] | [Number] |
| Stocks | [e.g. US, UK] | [Number] |
| Cryptocurrencies | [e.g. BTC, ETH] | [Number] |
QUANTUM METAL offers a diverse range of trading instruments primarily focused on precious metals, especially digital gold investments. The availability of multiple asset categories enables traders, from beginners to professionals, to tailor their strategies according to their investment goals. This flexibility supports various trading approaches, including long-term investments and short-term trading strategies. By encompassing various asset types, QUANTUM METAL enhances opportunities for portfolio diversification, catering to different trader needs and preferences in the dynamic markets.
Account Types and Trading Conditions
What Account Types and Fees Does QUANTUM METAL Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Gold Storage Account | All traders interested in gold investment | Low minimum deposit, secure storage for physical gold | Minimum initial purchase of RM 10 worth of gold |
| Gold Asset Enhance (GAE) 5× | Experienced traders seeking leveraged exposure | Leverage of up to 5 times capital | Requires understanding of leveraged trading risks |
| Gold Asset Enhance (GAE) 10× | Advanced traders looking for higher leverage | Leverage of up to 10 times capital | Requires thorough knowledge of market conditions |
Account Opening Process
To open an account with QUANTUM METAL, prospective traders must complete several steps. First, they need to submit personal information such as their name, address, and contact details. Following this, employment and financial information will also be required to assess the trader’s background. As part of the identity verification process, traders must provide valid identification documents and proof of address. After the account is set up, there is flexibility to upgrade to a professional account later if the trader meets the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | [Spread Value] | [Commission Value] | Tight spreads available |
| CFDs (Stocks, Indices, Commodities) | [Spread Value] | [Commission Value] | Varies by asset type |
| Cryptocurrencies | [Spread Value] | [Commission Value] | Market fluctuations impact fees |
Other Fees
In addition to trading fees, QUANTUM METAL may impose various other costs. Deposit and withdrawal fees could apply, particularly for transactions involving physical gold. Inactivity fees may be charged if an account remains dormant for an extended period. There could also be platform usage fees, although details are not specified. Traders should be aware of overnight interest (swap rates) that may apply to certain positions, as well as potential currency conversion fees for deposits or withdrawals in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does QUANTUM METAL Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | Secure login, multiple order types, price alerts, technical indicators | Demo accounts, VPS available |
| MT5 | Windows, macOS, iOS, Android | Enhanced analytics, market depth, one-click trading, economic calendar | Demo accounts, VPS available |
| Web Version | Any device with internet access | Encryption, symbol lookup, price alerts | Access to trading tools |
| Mobile App | iOS, Android | Biometric login, push notifications, quick order execution | Access to trading tools |
QUANTUM METAL offers a range of trading platforms suitable for various trader preferences. The MT4 platform is designed for beginners and experienced traders, providing essential trading tools and functionalities. MT5 enhances the trading experience with advanced analytical features and is ideal for those seeking comprehensive market insights. Meanwhile, the web version allows for trading from any device, ensuring flexibility, while the mobile app facilitates convenient trading on the go with secure logins and real-time alerts. Overall, QUANTUM METAL supports efficient trading with a focus on security and user convenience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min RM 10, Max RM 50,000 | MYR |
| Credit/Debit Card | Instant | No platform fee | Min RM 10, Max RM 20,000 | MYR |
| E-wallets (e.g., GrabPay) | Instant | 1.5% e-wallet charge | Min RM 10, Max RM 20,000 | MYR |
Minimum Deposit
QUANTUM METAL requires a minimum deposit of RM 10 for account opening. This requirement applies uniformly across all payment methods and account types, making it accessible for traders interested in starting with smaller investments.
How to Withdraw
- Log into your QUANTUM METAL account.
- Navigate to the ‘Withdrawal’ section of the platform.
- Select your preferred withdrawal method from the available options.
- Enter the withdrawal amount, ensuring it meets the minimum and maximum limits.
- Submit your withdrawal request for processing. You will receive a confirmation notification once your request is approved.
Customer Support
QUANTUM METAL Customer Support Overview
Support Channels
QUANTUM METAL provides various support options to assist customers with their inquiries and issues. You can reach out to them via:
- Email: Customers can contact the support team at info@quantummetal.com for assistance.
- Telephone: The customer support hotline is available at +60 3-8605 3611, where you can speak directly with a representative.
- Social Media: QUANTUM METAL maintains a presence on platforms like Facebook, providing updates and support to its followers.
Service Availability
QUANTUM METAL offers customer support during business hours, ensuring that clients can get help when needed. While specific support hours are not detailed, it is advisable to reach out during typical business hours in Malaysia. Multilingual support is not explicitly mentioned, so inquiries may primarily be handled in English.
Additional Resources
In addition to customer support, QUANTUM METAL may offer educational resources and trading tools, although specific details on these services are not provided. Traders can look for market analysis, trading signals, and video tutorials to enhance their trading experience.
Frequently Asked Questions
No, QUANTUM METAL is not regulated by any recognized financial authority, which raises concerns regarding the safety of client funds and investor protection measures.
QUANTUM METAL primarily specializes in precious metals trading, particularly digital gold investments. They offer access to LBMA-certified physical gold and various trading options across different asset categories.
The minimum deposit required to open an account with QUANTUM METAL is RM 10, making it accessible for traders interested in starting with smaller investments.
You can contact QUANTUM METAL’s customer support via email at info@quantummetal.com or by calling their hotline at +60 3-8605 3611. They also maintain a presence on social media platforms like Facebook.
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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.